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

No better place to invest than in India: Nirmala Sitharaman

Investors can find no better place in the world than India that has a democracy loving and capitalist respecting environment, Union Finance Minister Nirmala Sitharaman has said. Continue Reading

US corporate sector hails India’s move to slash income tax rate for firms

The US’ corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent, saying the move will reverse the economic slowdown and allow global companies a “good option” for growing their manufacturing base in the country.
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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

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