Page 62 - Latest Updates on Nirmala Sitharaman
NARCL: Another brick in the wall; not too different from other ARCs
Having several routes for NPA resolution has both advantages and disadvantages as the decision will finally be taken by the banks
 "NARCL: Another brick in the wall; not too different from other ARCs")
FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank
Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda
 "FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank")
Sitharaman to address media at 5pm, may speak on bad bank proposal
Finance Minister to speak in Delhi ahead of GST council meeting in to Lucknow tomorrow.
 "Sitharaman to address media at 5pm, may speak on bad bank proposal")
Trust between govt and industry critical, says FM Nirmala Sitharaman
Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
 "Trust between govt and industry critical, says FM Nirmala Sitharaman")
Trust between govt, industry key to use opportunities created by Covid: FM
FM assured that the proposed DFI, the National Bank for Infrastructure Financing and Development (NaBFID), will become functional soon
 "Trust between govt, industry key to use opportunities created by Covid: FM")
Liquidity no longer a major concern, FM Sitharaman assures India Inc
Banks to kick off new credit-outreach programme by October 15
 "Liquidity no longer a major concern, FM Sitharaman assures India Inc")
GST Council may allow intra-state pharma cess, discuss states' dues
It may discuss extending the compensation cess for states beyond 2022
 "GST Council may allow intra-state pharma cess, discuss states' dues")
Sitharaman urges full vaccination for economy, industry to work normally
Calls for more private sector participation in extending reach of govt schemes to rural India
 "Sitharaman urges full vaccination for economy, industry to work normally")
Supply-side policies failed, switch to demand stimulation: Bengal FM
Amit Mitra has written to Nirmala Sitharaman, urging her to take measures to increase demand in the economy as the supply-side policies have 'failed' to boost the manufacturing sector
 "Supply-side policies failed, switch to demand stimulation: Bengal FM")
Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'
Asks her to restrain 'spin doctors' from giving misleading picture of the economy
 "Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'")
Cairn accepts $1 bn refund offer, to drop cases against India: CEO
The offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government 'is acceptable to us', says Cairn CEO Simon Thomson
 "Cairn accepts $1 bn refund offer, to drop cases against India: CEO")
Sitharaman lays foundation stone of IT Department building in Bengaluru
Sitharaman also unveiled the foundation stone plaque at the site
At FSDC meet, regulators told to keep a watch on financial sector
Officials stress need to strengthen resolution framework for financial institutions
 "At FSDC meet, regulators told to keep a watch on financial sector")
India, UK agree to be ambitious on services deal in FTA negotiations
Pointing out that services make up 71% of UK's GDP and 54% of India's, the statement released after India-UK dialogue said both countries recognise importance of services in their economies
 "India, UK agree to be ambitious on services deal in FTA negotiations")
Your EPF account will now show taxable and non-taxable balance
Those earning high salaries should think twice before getting it restructured
 "Your EPF account will now show taxable and non-taxable balance")
Will discuss rising fuel prices with FM, says Karnataka CM Basavaraj Bommai
Karnataka Chief Minister Basavaraj S Bommai on Thursday said he would discuss with the Union Finance Minister Nirmala Sitharaman the issue of rising retail fuel prices
 "Will discuss rising fuel prices with FM, says Karnataka CM Basavaraj Bommai")
Need to have informed conversations on Savarkar, says FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said there is a need to have informed conversations about the ideas propounded by freedom fighter Vinayak Damodar Savarkar.
Govt earned Rs 23 trn by increasing fuel, gas prices in last 7 years: Rahul
Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol
 "Govt earned Rs 23 trn by increasing fuel, gas prices in last 7 years: Rahul")
Govt constantly engaging with industry to support economic revival: FM
Says health care sector, which had to function at its best during peak Covid needs support now to ramp up capacities, bring in better technologies and facilities
FM urges young tax officers to give ideas to amplify tech use in I-T dept
Finance Minister Nirmala Sitharaman on Tuesday urged young tax officers to give new ideas to amplify use of technology in the functioning of the Income Tax Department.
 "FM urges young tax officers to give ideas to amplify tech use in I-T dept")
