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Govt to look at proposal to relax local sourcing norms for FDI in...

FM Nirmala Sitharaman in her Budget speech had said that local sourcing norms will be eased for FDI in single brand...

25 Aug 2019 12:32 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Announcements made by FM are major enablers to support growth: SBI...

Bank recapitalisation at one go will provide a big impetus to credit growth.

24 Aug 2019 5:14 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Home, auto, other retail loans to become cheaper: Sitharaman

The move will also lead to cheaper working capital loans for industry.

24 Aug 2019 12:48 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

Govt to review surcharge on super-rich in 2022: Sitharaman

Govt increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore.

24 Aug 2019 12:26 PM IST

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

Govt announces raft of measures to boost economy; more steps on anvil

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

24 Aug 2019 12:03 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Super-rich tax withdrawn; home, auto loans to be cheaper: FM...

Sitharaman also announced a booster investment of Rs 100 lakh crores on building modern infrastructure over the next...

24 Aug 2019 3:31 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

Defence Minister Nirmala Sitharaman will also have one-on-one meetings with Governor N N Vohra and Chief Minister Mehbooba Mufti. (Photo: PTI)

Auto gear shift

Siam also welcomed the assurance that a vehicle scrappage policy will be announced soon.

24 Aug 2019 1:42 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore,...

23 Aug 2019 8:09 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

Super-rich tax withdrawn; home, auto loans to be cheaper: FM...

Finance Minister proposed the government's plan on bringing tax reform to end harassment of taxpayers.

23 Aug 2019 6:14 PM IST