Budget 2020-21

Budget 2020-21

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget, for the year 2010-21, in the Lok Sabha. It is claimed that the relief for the people in the income group 500,000 to 1,500,000, in the income tax, is the highlight of the budget. It is also claimed that as the person will have […]

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13 public sector banks in profit, claims Union Finance Minister

13 public sector banks in profit, claims Union Finance Minister

New Delhi: The measures taken by the government for the public sector banks reeling under the pressures of non-productive loans, have been implemented successfully as Union Finance Minister Nirmala Sitharaman claimed that 13 banks had declared profits in the first six months of this year. The Finance Minister gave this information after the meeting with […]

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The decline in the Indian economy worrisome, warns IMF

The decline in the Indian economy worrisome, warns IMF

New Delhi/Washington: Chief Economist of the International Monetary Fund (IMF), Geetha Gopinath, met Indian Prime Minister Narendra Modi and held talks. A few days ago, Geetha Gopinath had expressed concerns over the slowdown in the Indian economy. Citing regulatory uncertainty as one of the significant reasons in the slowdown of the Indian economy, Geetha Gopinath […]

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Must be cautious of jihadists, Maoists, separatists, warns Finance Minister Nirmala Sitharaman

Must be cautious of jihadists, Maoists, separatists, warns Finance Minister Nirmala Sitharaman

Mumbai: Finance Minister Nirmala Sitharaman warned that we need to be cautious of the Jihadi, Maoist and separatist forces in the country. Protests ongoing in certain parts of the country, against the Citizenship Amendment Act (CAA) where some of these have even turned violent. The Finance Minister’s warning thus becomes significant. Nevertheless, Sitharaman asserted that […]

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Approval of ₹25,000 crores for stalled housing projects, announced Finance Minister Nirmala Sitharaman

Approval of ₹25,000 crores for stalled housing projects, announced Finance Minister Nirmala Sitharaman

New Delhi: In an effort to provide an impetus to the economy, Union Finance Minister Nirmala Sitharaman made a significant announcement of boosting the stalled housing projects. As per the announcement, 1,600 stalled housing projects will be provided with a package of ₹25,000 crores. Finance Minister Sitharaman said that the government would be distributing the first instalment […]

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India will become a USD 5 trillion economy by 2024-2025  

India will become a USD 5 trillion economy by 2024-2025  

New York: Indian Finance Minister Nirmala Sitharaman expressed faith, “India can become a USD 5 trillion economy by the year 2024-25. It is challenging but realisable.” Finance Minister Sitharaman was speaking at a function organised by the renowned University of Columbia in the United States. Nirmala Sitharaman pointed out that the progress of the Indian […]

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Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

New Delhi: Union Finance Minister Nirmala Sitharaman,announced some important decisions, given the reduced economic growth rate and the stunted growth rates in certain sectors. Special announcements have been made to incentivise the export and housing sector. These include financial assistance of ₹500 billion for the export and ₹100 billion for the housing sector. The Union […]

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Pakistan does not want to end terrorism, lashes out Defence Minister Sitharaman

Pakistan does not want to end terrorism, lashes out Defence Minister Sitharaman

New Delhi: Indian Defence Minister, Nirmala Sitharaman lashed out at Pakistan ‘Pakistan does not want to end terrorism. On the other hand, Pakistan is encouraging terrorism.’ The Defence Minister clarified that the moral of the defence forces, is at its peak and it has further increased with the people’s support. Pakistan has supposedly started an […]

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