Nirmala Sitharaman

Govt hikes divestment target to Rs 1.05 lk cr for FY20

1:43 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 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 […]

Budget 2019: Sensex gives up gains, falls over 150 pts

1:34 pm July 5, 2019

Mumbai: The BSE Sensex surrendered early gains to fall over 150 points Friday, dragged by losses in oil and gas, metal and power stocks, as Finance Minster Nirmala Sitharaman presented her maiden Union Budget. The 30-share index was trading 171.82 points, or 0.43 per cent, lower at 39,736.24 at 1150 hours. Similarly, the 50-share NSE […]

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 […]

PM ensures every project sets new benchmarks: Shah

Amit Shah gets Home, Rajnath to be new Defence Minister, Jaishankar to be EAM

8:22 pm May 31, 2019

New Delhi: Amit Shah will be the new Home minister, Rajnath Singh the new Defence minister and Nirmala Sitharaman the new Finance minister, the Rashtrapati Bhavan announced on Friday. Former foreign secretary turned minister S Jaishankar has got the External Affairs ministry while Smriti Irani will be the new Women and Child Development Minister along […]