Finance Minister

Govt hikes divestment target to Rs 1.05 lk cr for FY20

1:50 pm July 5, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Friday announced raising the disinvestment target to Rs 1,05,000 crore from FY2019-20 as against Rs 90,000 crore set in the interim budget. Presenting the first Budget of the Modi government in its second term, Sitharaman said the sovereign external debt to GDP is among the lowest globally — […]

Govt hikes divestment target to Rs 1.05 lk cr for FY20

1:43 pm July 5, 2019

Govt to infuse Rs 70,000 cr into state-owned banks

1:39 pm July 5, 2019

New Delhi: Finance Minister Nirmala Sitharaman Friday announced that the government will pump in 70,000 crore into public sector banks (PSBs) to strengthen them and enhance their lending capacity. Unveiling Budget 2019-20, she said non-performing assets of PSBs have come down by Rs 1 lakh crore. Banks have recovered Rs 4 lakh crore due to […]

Programmes will be accelerated, red tape reduced: FM

Sitharaman discards briefcase, carries ‘bahi-khata’

1:24 pm July 5, 2019

New Delhi: In a departure from the past, India’s first full-time woman Finance Minister Nirmala Sitharaman carried the Union Budget documents in a red bag, reminiscence of the traditional ‘bahi-khata’. Earlier, finance ministers in different governments used to carry a briefcase to present budget, which was considered as a tradition of colonial past. Sitharaman is […]

RS departs from convention in paying tributes to Jaitley, others

India on upward growth trajectory, says Jaitley

10:43 pm July 4, 2019

New Delhi: Former Finance Minister Arun Jaitley Thursday said Indian economic growth graph was on an upward trajectory after past policy uncertainties have been replaced by certainties. The Economic Survey, tabled in Parliament on Thursday, projected India’s growth to rise to 7 per cent in the current fiscal, from five-year low of 6.8 per cent […]