‘Orders issued by oversight’, says govt, withdraws order cutting interest rates

The government today rolled back cuts on interest rates on small savings schemes, including National Savings Certificates or NSC and Public Provident Fund or PPF, announced last evening. Continue Reading

Congress slams Centre’s Insurance Amendment Bill

Congress MP Mallikarjun Kharge today said that the Insurance Amendment Bill 2021, passed by the Rajya Sabha Thursday, was ‘flawed,’ demanding that it be sent to a Standing Committee. Continue Reading

‘CPSE assets sale to bring about paradigm shift in infra’

Finance Minister Nirmala Sitharaman on Tuesday said monetisation of CPSE assets is based on the principle of value creation for the government and investors and would bring about a paradigm shift in infrastructure augmentation and maintenance. Continue Reading

Model code of conduct violated in Kerala: Pinarayi to CEC

A day after the ED summoned top officials of the Kerala Infrastructure Investment Fund Board, Chief Minister Pinarayi Vijayan wrote to the Election Commission, alleging that the model code of conduct in the poll-bound state is being ‘conveniently violated’ and its ‘very spirit is being destroyed’. Continue Reading

CIA submits MSME revival guide to Finance Minister

The Consortium of Indian Associations (CIA) recently submitted a list of suggestions to revive the MSME sector, to the Finance Minister at the budget consultative meeting. Continue Reading

Nirmala Sitharaman urges private sector to become growth drivers

Finance Minister Nirmala Sitharaman said the Union Budget 2021-22 is about the role of government as a facilitator and the private sector as a key driver of economic growth, without which the country would be losing a big opportunity. Continue Reading

Finance Minister takes a dig at Chidambaram

Denying allegations of non-transparency in budgetary numbers, Union Finance Minister Nirmala Sitharaman on Friday said that the Modi government’s Budget was clear and transparent , while indicating that numbers were doubtful during the UPA rule. Continue Reading

‘Budget focuses on spending to boost economic growth’

Union Minister Ravi Shankar Prasad said the central budget for 2021-22 fiscal has focused on spending to build infrastructure and boost the economic growth of the country. Continue Reading