Stalin to write to Modi against monetisation plan

milnadu Chief Minister M K Stalin has criticised the Central government’s National Monetisation Pipeline (NMP) plan saying privatising or leasing out Public Sector Undertakings (PSUs) would ‘not be good for the welfare of the country’. Continue Reading

‘Bring petrol under GST regime’

The members of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), led by its president Perikal M. Sundar, on Friday appealed to Union Finance Minister Nirmala Sitharaman to bring petrol and diesel under the Goods and Services Tax (GST) regime besides reducing the GST on commodities required for daily needs to contain inflation. Continue Reading

FM’s assurance to States on oxygen, Remdesivir

Union Finance Minister Nirmala Sitharaman on Wednesday praised the Indian industry for its extreme forbearance, patience and perseverance, using Japanese word ‘Gamanzuyoi’. Continue Reading

Priyanka slams Nirmala, asks ‘oversight’ or ‘hindsight’?

After the Union government withdrew its order to slash interest rates for small saving schemes, Congress leader Priyanka Gandhi took a jibe at Union Finance Minister Nirmala Sitharaman’s ‘oversight in issuing order’ comment and asked her if the decision to revoke the order was taken in view of the ongoing State elections. Continue Reading

‘Agriculture cess will fund farm infrastructure’

Elaborating on the Agriculture Infrastructure and Development Cess (AIDC), a new cess announced in the union budget 2020-21, Union Finance Minister Nirmala Sitharaman said that with AIDC, the central government will have some money for funding agricultural infrastructure activities. Continue Reading

‘Scrappage policy to boost auto sector to be out in 15 days’

The voluntary vehicle scrapping policy with the aim to phase out old and polluting vehicles was announced by Union Finance Minister Nirmala Sitharaman on Monday. Continue Reading

Union budget 2021-22: Huge outlay for health post Covid

Finance Minister Nirmala Sitharaman on Monday announced a new Centre-sponsored scheme with an outlay of Rs 64,180 crore to boost healthcare infrastructure across the country amid ongoing Covid-19 pandemic. With no change in individual IT slab, the Budget saw Rs 1,03 lakh cr being allocated for Highway projects in Tamilnadu. Continue Reading

Editorial: Positive is the word

The Economic Survey tabled by Union Finance Minister Nirmala Sitharaman has forecast India’s real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since independence, believing that rebound will be led by the low base and continued normalisation in economic activities as the rollout of Covid-19 vaccines gathers traction. Continue Reading