War of words between Rahul, Nirmala Sitharaman

Facing criticism over the National Monetisation Pipeline, under which the government plans to raise Rs 6 lakh crore over four years, Finance Minister Nirmala Sitharaman has said that the government was not selling off national assets and that it had already been made clear that there would be no change of ownership of the assets planned to be monetised. Continue Reading

Chidambaram slams BJP over tax row

Former Union Minister and senior Congress leader P Chidambaram slammed the BJP for not identifying former President Pranab Mukherjee as the Finance Minister, who retrospectively amended the tax law, following an adverse ruling by the Supreme Court. Continue Reading

Nirmala Sitharaman, Kiran Shaw among Forbes’s most powerful women

Finance Minister Nirmala Sitharaman, US Vice President-elect Kamala Harris, Biocon Founder Kiran Mazumdar-Shaw and HCL Enterprise CEO Roshni Nadar Malhotra have been named among the world’s 100 most powerful women by Forbes, a list topped by German Chancellor Angela Merkel for the 10th year in a row. Continue Reading

BJP promises free vaccine in Bihar, faces criticism

Bharatiya Janata Party today released its manifesto for Bihar Assembly elections promising to distribute the coronavirus vaccine free of cost once approved by the ICMR, and also assured 19 lakh jobs for youths of the State. Continue Reading

Editorial: Coronavirus threat

On the impact of Coronavirus on the economy, Union Finance Minister Nirmala Sitharaman sought to allay any fears saying there is no need to immediately press the panic button, but things could get challenging if the issues prolong for another two or three weeks, citing feedback from the pharmaceutical and electronic industries, which depend heavily on imports of raw material from China. Continue Reading

Indian economy not in recession, says IMF

The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

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Editorial: Budget, set, go

Starting today, Finance Minister Nirmala Sitharaman will begin the customary pre-Budget consultation exercise, during which she will seek inputs from various stakeholders including industry bodies, farmer organisations and economists for reviving consumption and boosting growth. Continue Reading

City Union Bank celebrates 116th Foundation Day

Tamilnadu-based City Union Bank celebrated its 116th Foundation Day here. The event saw the participation of Finance Minister, Nirmala Sitharaman and MD and CEO of City Union Bank (CUB), N Kamakodi. Continue Reading