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

Andhra bank merger: People take to social media, YSRC writes to PM, FM

Common citizens on Saturday expressed displeasure through social media while ruling YSR Congress wrote to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman, opposing merger of Andhra Bank with other banks, saying it hurt the sentiments of Telugu people. 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

GST meet: What’s on agenda?

Having already announced several sops for the EV sector including Income Tax exemption and reduction in customs duties for certain components in the Union Budget, the government is now expected to push for a further reduction of GST rate cut from 12 per cent to 5 per cent. 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