Loan all alone: MSMEs yet to receive Centre’s special package

Almost close to one month after Finance Minister Nirmala Sitharaman’s announcement of special economic package for MSMEs to tide over Covid-19 crisis, not many companies have been benefited by it. Continue Reading

Nirmala announces privatisation of space, power and mining sectors

Finance Minister Nirmala Sitharaman today announced commercial mining of coal by the private sector, ending government monopoly on the sector. She also said private participation will be allowed in electricity and space sectors. Continue Reading

Nirmala Sitharaman’s third tranche cover agriculture and allied activities

Finance Minister Nirmala Sitharaman today announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. Continue Reading

Nirmala Sitharaman to reveal financial package at 4 pm today

Following Prime Minister Narendra Modi’s announcement on Tuesday night about a Rs 20 lakh crore economic package, Union Finance Minister Nirmala Sitharaman will address a press conference at 4 pm today. Continue Reading

RBI writes off over Rs 68K cr loans: RTI

The Reserve Bank of India (RBI) has admitted to writing off a staggering amount of Rs 68,607-crores due from 50 Top Wilful Defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI. Continue Reading

G -20 Finance Ministers, central bank Guvs to meet 15 April

Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will on 15 April participate in the meeting of the G-20 countries todiscuss the way forward in supporting the economy after the COVID-19 pandemic. Continue Reading

Covid-19: 664 cases in India, 16 dead

Fresh cases are being reported from across the country, with the number affected persons in Tamilnadu standing at 26. Continue Reading

Covid-19: Nirmala Sitharaman offers tax deadline extension

Even as major financial packages were expected to give relief to industries which were hit hard by coronavirus and other factors, Union Finance Minister Nirmala Sitharaman today extended the deadline for filing GST returns for March-May to 30 June. Continue Reading

Yes Bank: ED summons Anil Ambani

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said today. Continue Reading