Tag: Finance Minister

Finance Minister asks banks to roll out loan restructuring scheme by September 15

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out loan restructuring scheme for COVID-19 related stress by September 15, and provide adequate support to the borrowers following the lifting of moratorium on repayment of debts. The minister urged lenders to immediately put in place a board-approved policy for resolution […]

Finance Minister meets realtors, homebuyers; govt says will address issues ailing sector

NEW DELHI: The government of India on Sunday said it will soon address issues affecting the real estate sector after industry bodies and homebuyers met Finance Minister Nirmala Sitharaman to flag their concerns regarding liquidity crunch, demand slowdown and stalled projects. The finance minister on Sunday held two separate meetings — the first with the […]

Finance Minister holds Pre-Budget Consultation with representatives of Social Sector

NEW DELHI: The Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman held her Fifth Pre-Budget Consultation Meeting with the stakeholders from Social Sector Groups here today. In her Opening Remarks, the Finance Minister, Sitharaman said that the public investment in social infrastructure like education, health and other services is a key determinant of quality […]

Reduce corporate tax rate, increase infrastructure investment: India Inc tells Finance Minister

NEW DELHI: India Inc Tuesday made a case for reduction in corporate tax rate, abolition of minimum alternate tax, halving dividend distribution tax to 10 per cent and increase in outlay for infrastructure sector in the upcoming Budget with a view to arrest economic slowdown. Representatives of industry chambers made these suggestions during their customary […]

Finance minister seeks consultants for sale of PSU land, buildings

NEW DELHI: The finance ministry is scouting for consultancy firms for assistance in selling land and building assets of public sector companies as it works towards achieving the stiff sell-off target of Rs 90,000 crore for 2019-20. The Department of Investment and Public Asset Management (DIPAM) has floated a Request for Empanelment(RFE) to empanel international […]

Finance minister asks banks to meet realtors to understand industry issues

NEW DELHI: Finance Minister Piyush Goyal has asked banks to meet real estate sector representatives within the next fortnight to discuss the issues being faced by them. The minister also assured that goods and services tax (GST) rates would be brought down soon for the sector, which has been facing a demand slack. “There is […]

India allocates Rs 60,000 crore for MGNREGA in Interim Budget 2019

NEW DELHI: The government of India on Friday proposed to allocate Rs 60,000 crore for rural employment scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for the year 2019-20. The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000 crore allocated for the year 2018-19. The revised estimate […]

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