"nirmala-sitharaman"

Centre urged to allow 2% additional borrowings of GSDP in 2021-22

China and 14 other countries in November last year established the world's largest trading bloc that represents roughly 30 per cent of the world's GDP and population

Sitharaman has concluded a comprehensive review of Aatma Nirbhar Bharat Package (ANBP) with the Secretaries of various Ministries/Departments, the Ministry of Finance said on Sunday.

As per the release, the Finance Minister Sitharaman on Friday concluded a comprehensive review of ANBP with the Secretaries of various Ministries/Departments concerned over three days.

CM K Chandrashekhar Rao raised various State issues and appealed to the Prime Minister for the release of pending funds

The Chief Minister who had a 40-minute meeting with Shah referred to disbursal of pending central funds for taking up repairs to roads which were damaged during the recent floods in Hyderabad

The ministry informed that under the Atmanirbhar Bharat Abhiyaan, an Emergency Credit Line Guarantee Scheme was introduced, which was available till October 31 or till the Rs 3-lakh-crore is sanctioned.

She held a virtual meeting with secretaries of power, mines and atomic energy along with the chairman and managing directors (CMDs) of 10 CPSEs, belonging to these ministries

Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery

Announcing support for construction and infrastructure, she said Earnest Money Deposit (EMO) and performance security requirements will be relaxed for government tenders.

Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years.

Accordingly, the scheme is expected to attract foreign players, boost production, increase exports and generate employment in the country

Minister said the financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar

Home loan disbursements by HFCs during September 2020 were better at 105 per cent compared to September 2019

Former Finance Secretary said he "did not share a good and productive working relationship" with Sitharaman, who came to the finance ministry "with some pre-conceived notions about me"

The fiscal support must tilt towards more direct spending and tax relief

Union Finance Minister and BJP leader Nirmala Sitharaman released the party's manifesto.

She held a virtual meeting with secretaries of coal and petroleum & natural gas, along with the chairman and managing directors (CMDs) of 14 CPSEs belonging to these ministries, an official statement said.

"Just because the Prime Minister and the Finance Minister call these measures an economic stimulus does not mean the economy will obey and get stimulated."

Central public sector enterprises and banks will also follow the cue and give cash in place of leave travel concession (LTC) as travelling during the pandemic is near to impossible.