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Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn
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Piloting the Bill, Finance Minister Nirmala Sitharaman said hiking the FDI limit in the insurance sector will help insurers raise additional funds and tide over the financial problems.
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The FDI limit in the insurance sector, the minister said, has increased significantly after the government decided to raise the cap from 26 per cent to 49 per cent in 2015.
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She was responding to Gandhi, who in a tweet earlier in the day had alleged that the government was privatising profit and nationalising loss.
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The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
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The government on Wednesday had announced that everyone above 60 years of age and those over 45 years with comorbidities will be able to get COVID-19 vaccine from March 1.
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Hosted by IIMA's JSW-School of Public Policy, was the first on ground event held at the Institute since the pandemic.
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Unless the private sector is energised enough, unless the private sector is facilitated enough, India is just losing a very big opportunity, said the Union Finance Minister
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Sitharaman said that she has provided long-term certainty with short-term stimulus in her budget.
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These Acts led to nationalisation of banks in two phases and provisions of these laws have to be changed for privatisation of banks, they said
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While replying to the discussion on the Union Budget in Lok Sabha, Sitharaman mentioned ten expectations from Rahul Gandhi's speech in the Lower House on Thursday and said that the former Congress chief has been constantly saying things to demean the country.
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While replying to the discussion on the Union Budget in Lok Sabha, Sitharaman said that these reforms will lay a path for India to be one of the top economies of the world in the coming decade and further.
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The finance minister also said that infrastructure creation, continuing reforms, and transparency of accounts are major features of this year’s Budget
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We can ensure that taxpayer money is spent wisely, says Finance Minister.
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"The details are being worked out. I have made the announcement but we are working together with the RBI," she said, when asked about the proposal.
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The Union Budget has also not made any attempt to address the concerns of Telangana State about linking agriculture with the National Rural Employment Guarantee Scheme (NREGS).
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By announcing massive infra push in poll-bound States, Sitharaman has sent a clear political message
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The proposed relaxations to rules governing One Person Companies (OPCs) are expected to benefit startups and innovators, said Finance Minister Nirmala Sitharaman
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Just as expected, the internet unleashed its fury at the way the middle class seemed to have been ignored in the budget and made memes taking out references from popular media.
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"Four Indian astronauts are being trained in Russia. The first unmanned launch, the precursor to a manned mission, is scheduled for December 2021," Sitharaman said while presenting the Union Budget on Monday.