Delhi court extends Chidambaram’s judicial custody in INX Media case

A Delhi court today extended the judicial custody of former Finance Minister P Chidambaram in the INX Media case lodged by CBI. Continue Reading

Govt slashes corporate tax to 25.17% for domestic companies

In a major fiscal booster, the government today slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
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Government issues ordinance to ban e-cigarettes

The government today issued an ordinance to ban e-cigarettes, making the production, import, export, transport, sale or advertisements of such ”alternative” smoking devices a cognizable offence attracting jail term and fine. Continue Reading

Centre announces steps to boost housing projects

The government today announced a Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT. Continue Reading

Naidu appeals to FM to retain Andhra Bank’s name

Telugu Desam Party president N Chandrababu Naidu on Tuesday requested Union Finance Minister Nirmala Sitharaman to continue the name of Andhra Bank if its amalgamation with other banks was inevitable. Continue Reading

There will no job loss due to merger of banks: Finance Minister

Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. Continue Reading

Fin Ministry asks PSBs to seek suggestions from bank branches

The Finance Ministry has asked public sector banks (PSBs) to initiate a month-long consultation process with officers at branch level to seek suggestions on streamlining banking sector to help the country achieve $ 5 trillion economy in five years. Continue Reading

OPS meets Nirmala Sitharaman in New Delhi

Deputy Chief Minister O Panneerselvam, who is stationed in New Delhi, today met Union Finance Minister Nirmala Sitharaman. It is to be noted that Panneerselvam also holds Finance portfolio in the State Cabinet. Continue Reading

Finance Minister assures Gov will achieve 3% fiscal deficit target

Assuring that all the numbers mentioned in the Budget are realistic and achievable, Finance Minister Nirmala Sitharaman said as a government minister she is duty bound to follow glide path to achieve fiscal deficit target of 3 per cent as per the law. Continue Reading