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Latest Articles in nirmala sitharaman

GST Council To Meet On May 28; Compensation Shortfall, Rates On COVID Essentials On Agenda

The impact of second wave of the pandemic on GST revenue is likely to be taken into account in the forthcoming GST Council meeting on May 28.

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SWAMIH Fund For Stalled Housing Projs To Benefit 1.16 Lakh Home Buyers: Sitharaman

The finance minister said the Government of India had stepped in to provide funding to the stressed affordable and mid-income housing projects, thereby giving relief to the home buyers who had invested their hard-earned savings.

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SBI CGM Nair To Be CEO Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman in the budget for 2021-22 had announced that an asset reconstruction company or a bad bank would be set up to consolidate and take over existing stressed assets of lenders and undertake their resolution.

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Govt Is working Arduously For Smooth Co-ordination Between States, Hospitals & Suppliers of Oxygen and Vaccines: FM

Sitharaman mentioned that the Government is reviewing and monitoring the situation regularly and working arduously for a better co-ordination between States, hospitals and suppliers of oxygen and vaccines to match the demand and supply in the country.

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Industry In Recovery Mode, Budget Proposals On Course: Sitharaman

A total of 3,14,835 fresh infections were registered in a span of 24 hours, while the death toll increased to 1,84,657 with a record 2,104 new fatalities.

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COVID: Finmin Asks States To Vaccinate Banking Staff On Priority Basis

The government decided to open COVID vaccination for all adults above the age of 18 years starting May 1 with the pandemic surging to record highs and fatalities rising with each passing day.

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FM Sitharaman Says Looking At How Best To Sort Out Cairn Arbitration

Cairn challenged the move before an arbitration tribunal in The Hague, which in December awarded it USD 1.2 billion (over Rs 8,800 crore) plus costs and interest, which totals USD 1.725 billion (Rs 12,600 crore) as of December 2020.

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FM Urges World Bank Group To Sustain Crisis Response To Mitigate COVID-19 Impact

The Government of India has taken several measures to contain the spread of the pandemic and also to mitigate its social and economic impact including a series of economic stimulus packages in the past one year

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Ensuring Universal Availability Of Vaccines, Ending Pandemic Should Be Key Priority For Global Community: FM

India has supplied 65 million made-in-India COVID-19 vaccine doses to 80 countries, including 10 million vaccine doses as grant

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FM Calls For Greater Coordination Among BRICS On IMF's Quota Review

Any adjustment in quota shares would be expected to result in increase in the voting rights of emerging countries in line with their relative positions in the world economy.

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Govt To Withdraw Cut In Interest On Small Savings: Finance Minister

Interest rate on Public Provident Fund (PPF) was reduced by 0.7 per cent to 6.4 per cent while National Savings Certificate (NSC) was to earn 0.9 per cent less at 5.9 per cent.

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Govt To Withdraw Cut In Rate On Small Savings Schemes: FM

The steepest fall of 1.1 per cent was effected in the one-year term deposit. The new rate was brought down to 4.4 per cent as compared to 5.5 per cent.

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Is Gold Losing Its Lusture ?

The total demand for gold in India dwindled by 35 percent in 2020 to 446.4 tonnes — lowest in the last 25 years — from 690.4 tonnes in 2019.

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Govt Hikes PF Threshold Limit To Rs 5 lakh For Earning Tax-free Interest

Replying to a discussion on the Finance Bill 2021 in Lok Sabha, the minister said the tax-free limit is now being amended to a maximum of Rs 5 lakh per annum.

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“The Big Indian Pli Scheme –Will It Be An Elusive Dream For India’s Tv Manufacturers ?”

India is a very price-sensitive market, its noteworthy to mention that most of the 32inch smart TV that were available for anywhere starting Rs 10,000 onwards are already retailing upwards of Rs 14,000.

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