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Nirmala Sitharaman - MSMEs have time till June-end for claiming covid related relief: finance ministry - livemint.com - city New Delhi - India - county Union

02.05.2023 / 16:01

MSMEs have time till June-end for claiming covid related relief: finance ministry

NEW DELHI : The Ministry of Finance on Tuesday said that Micro, Small and Medium Enterprises (MSMEs) have time till 30 June to submit their claims under the scheme meant for compensating them for damages from non-execution of contracts during the covid period. The ‘Vivad se Vishwas I - Relief to MSMEs scheme’ was announced in the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman. The relief provided under this scheme is in continuation to the efforts of the government in promoting and sustaining the MSME sector. “In cases of failure by MSMEs to execute contracts during the COVID period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by the government.

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Nirmala Sitharaman - Janet Yellen - Leading economies must move faster to solve debt crises – U.S. Treasury Secretary - newsfirst.lk - China - city Beijing - India - Sri Lanka - Argentina - Afghanistan - Venezuela - Laos

23.02.2023 / 13:25

Leading economies must move faster to solve debt crises – U.S. Treasury Secretary

COLOMBO (News 1st); U.S. Treasury Secretary Janet Yellen is urging other leading economies to move faster in resolving debt crises that threaten a growing number of countries.Yellen made the comments in a meeting Thursday with India’s finance minister, Nirmala Sitharaman, on the sidelines of a meeting of financial leaders of the Group of 20 major economies, the Treasury Department said in a statement.U.S.

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Nirmala Sitharaman - Moragoda meets Indian Finance Minister ahead of G20 Finance Ministers’ Meeting - newsfirst.lk - city New Delhi - India - Sri Lanka

15.02.2023 / 07:35

Moragoda meets Indian Finance Minister ahead of G20 Finance Ministers’ Meeting

High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman on Tuesday (14) at the Ministry of Finance in New Delhi, as the latest of a series of meetings he has had with her since November 2021.The meeting between the Finance Minister of India and the High Commissioner of Sri Lanka took place just ahead of the first meeting of the G20 Finance Ministers scheduled to be held on 24-25 February 2023 in Bengaluru, chaired by Minister Sitharaman.During the discussion, High Commissioner Moragoda once again thanked Minister Sitharaman for the unprecedented emergency assistance that India has extended to Sri Lanka and for the timely issuance of India’s financial assurances to the International Monetary Fund, concerning the country’s debt restructuring process.The High Commissioner also thanked India and Minister Sitharaman for the assistance being provided to Sri Lanka in the present economic recovery phase, in particular for the necessary regulations and approvals that are being set in place to facilitate rupee trade between the two countries. The discussion also focused on the ways and means to utilize the available resources in the 1 billion USD Indian line of credit to import urgently required essential pharmaceuticals, which are in short supply in Sri Lanka.

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Nirmala Sitharaman - Penalty on small suppliers‘ failure to execute contracts during covid to be returned: Centre - livemint.com - city New Delhi - India - county Centre

06.02.2023 / 18:57

Penalty on small suppliers‘ failure to execute contracts during covid to be returned: Centre

NEW DELHI : In a major relief to small suppliers, the Centre on Monday asked various ministries to refund the performance security, bid security and liquidated damages forfeited or deducted during the COVID-19 pandemic. The move gives effect to finance minister Nirmala Sitharaman’s announcement on 1 February in her budget speech that in cases of failure by micro, small and medium enterprises (MSMEs) to execute contracts during the Covid period, 95% of the forfeited amount relating to bid or performance security, will be returned to them by the government and state-owned companies. The minister said in her speech that this would provide relief to MSMEs.

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Nirmala Sitharaman - Moragoda meets Indian Finance Minister to discuss debt restructuring - newsfirst.lk - city New Delhi - India - Sri Lanka

07.12.2022 / 04:27

Moragoda meets Indian Finance Minister to discuss debt restructuring

COLOMBO (News 1st) – High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt.

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Nirmala Sitharaman - India continues to be fastest growing economy despite pandemic, says Nirmala Sitharaman - livemint.com - China - Japan - Singapore - Usa - India - Sri Lanka - Spain - France - Canada - Russia - Greece - Bhutan - Portugal - Ukraine

02.08.2022 / 05:05

India continues to be fastest growing economy despite pandemic, says Nirmala Sitharaman

Pandemic, second wave, Omicron, Russia-Ukraine (war), even today largest supply components in China are under lockdown. In spite of that, we have held inflation well within 7 per cent or below. That has to be recognised," She says in Lok Sabha She further adds, "4,000 banks in China are reported to be going bankrupt.

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Nirmala Sitharaman - ‘India has recovered admirably from Covid pandemic,’ Nirmala Sitharaman - livemint.com - India - county Centre

01.08.2022 / 16:55

‘India has recovered admirably from Covid pandemic,’ Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday explained 'oprice rise' in the country. The finance minister said that the entire world is reeling from the Covid pandemic and war, yet India's economy has performed well despite humongous challenges.

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Nirmala Sitharaman - Budget session of Parliament resumes from Monday, Covid restrictions to stay - livemint.com - India - Ukraine

13.03.2022 / 14:57

Budget session of Parliament resumes from Monday, Covid restrictions to stay

Budget session, beginning on 14 March at 11 am.

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Nirmala Sitharaman - Bharat Health - In the time of a pandemic, health sector gets a sugar pill - livemint.com - India - city Mumbai

01.02.2022 / 22:03

In the time of a pandemic, health sector gets a sugar pill

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Narendra Modi - Nirmala Sitharaman - Didn’t burden people by raising taxes during pandemic: Nirmala Sitharaman - livemint.com - India

01.02.2022 / 14:55

Didn’t burden people by raising taxes during pandemic: Nirmala Sitharaman

increase taxes in the last two years with the intention of not burdening people during the Covid-19 pandemic, said finance minister Nirmala Sitharaman at a post-Budget press conference on Tuesday.

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Nirmala Sitharaman - Budget 2022: Govt to launch National Tele Mental Health program, says FM - livemint.com - India - city Bangalore

01.02.2022 / 10:01

Budget 2022: Govt to launch National Tele Mental Health program, says FM

mental health problems in people of all ages. To better the access to quality mental health counseling and care services, a National Tele Mental Health program will be launched," the finance minister said in her Budget 2022 speech at the Parliament today.

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Nirmala Sitharaman - Economic Survey: Health sector expenditure rose by 73% in 2021-22 - livemint.com - India

31.01.2022 / 13:19

Economic Survey: Health sector expenditure rose by 73% in 2021-22

₹4.72 lakh crore in 2021-22, as compared to ₹2.73 lakh crore in 2019-20, according to the Economic Survey 2021-22 that was tabled in the parliament on Monday.

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Nirmala Sitharaman - How are Indians spending their money in pandemic? Here's what Eco Survey says - livemint.com - India

31.01.2022 / 12:17

How are Indians spending their money in pandemic? Here's what Eco Survey says

₹37.3 lakh crore at the end of November 2021 from ₹30 lakh crore end of November 2020.

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Nirmala Sitharaman - Budget 2022: Insurers urge higher 80 C investment limit; GST on health products reduced - livemint.com - India - city Mumbai

26.01.2022 / 15:52

Budget 2022: Insurers urge higher 80 C investment limit; GST on health products reduced

₹1 lakh for insurance premium payment under Section 80 C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance MUMBAI :

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Nirmala Sitharaman - Too early to conclude on lessons learnt from Covid crisis: FM Nirmala Sitharaman - livemint.com - India

16.10.2021 / 05:17

Too early to conclude on lessons learnt from Covid crisis: FM Nirmala Sitharaman

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Never miss a story! Stay connected and informed with Mint. Download our App Now!!

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Nirmala Sitharaman - Sitharaman calls for strengthening health infra in rural India - livemint.com - city New Delhi - India

31.08.2021 / 18:43

Sitharaman calls for strengthening health infra in rural India

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Nirmala Sitharaman - ₹50,000 crore relief for health sector - livemint.com - India

28.06.2021 / 15:31

₹50,000 crore relief for health sector

finance minister Nirmala Sitharaman on Monday announced ₹50,000 crore relief for the health sector under the ₹1.1 lakh crore loan guarantee scheme for covid-19 affected sectors.

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Nirmala Sitharaman - West Bengal - GST on Covid items sparks fresh Centre-Bengal row; state FM says 'voice muzzled' - livemint.com - India

13.06.2021 / 05:51

GST on Covid items sparks fresh Centre-Bengal row; state FM says 'voice muzzled'

Amit Mitra on Saturday alleged that his voice was "muzzled" during the GST Council meeting on Saturday and his opposition to levy taxes on Covid essentials like vaccines, masks, PPE kits and anti-viral drug Remdesivir, was not heard.Minister of State for Finance Anurag Singh Thakur, however, countered Mitra's charges saying that technical glitches marred West Bengal Finance Minister speech.The 44th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and comprising state ministers, on Saturday slashed tax rate on Covid drugs such as Remdesivir and Tocilizumab as well as on medical oxygen, and oxygen concentrators but ignored demands for a reduction in taxes on vaccines.In the evening, Mitra tweeted: "GoI-led the

Nirmala Sitharaman West Bengal India testing vaccine mask

Nirmala Sitharaman - West Bengal - GST on covid medical supplies is draconian: Amit Mitra - livemint.com - city New Delhi - India

12.06.2021 / 20:11

GST on covid medical supplies is draconian: Amit Mitra

New Delhi: Levying Goods and Services Tax (GST) on medical supplies such as personal protection gears, hand sanitisers and oxygen needed for covid-19 management is anti-people and draconian, West Bengal finance minister Amit Mitra said on Saturday.Mitra’s suggestion comes after the GST council decided earlier in the day to reduce taxes on several medical supplies including oxygen, ventilators and testing kits from 12% to 5%, ambulances from 28% to 12%, furnaces for crematoriums from 18% to 5% and two drugs from 5% to zero.

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Nirmala Sitharaman - GST Council forms 8-member panel to examine tax exemption on Covid material - livemint.com - India - city Sangma

29.05.2021 / 15:31

GST Council forms 8-member panel to examine tax exemption on Covid material

COVID-19 relief material.Currently, 5% GST is levied on domestically manufactured vaccines, while it is 12% for COVID drugs and oxygen concentrators.Briefing reporters after the 43rd meeting of the GST Council, the finance minister Nirmala Sitharaman on Friday had said a ministerial panel will be constituted to decide on the rates on the vaccines and medical supplies.The panel will submit its report by June 8.The panel consists of Conrad Sangma, Chief Minister of Meghalaya as the Convenor along with the following members:-Nitinbhai Patel, Deputy Chief Minister, Gujarat-Ajit Pawar, Deputy Chief Minister, Maharashtra-Mauvin Godinho, Minister for Transport & Panchayati Raj, Housing, Protocol and Legislative Affairs, Goa-K.N.

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Nirmala Sitharaman - Centre studying economic impact of covid second wave: Nirmala Sitharaman - livemint.com - India

28.05.2021 / 21:03

Centre studying economic impact of covid second wave: Nirmala Sitharaman

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Nirmala Sitharaman - Ministerial group to decide on GST rate cut on covid medical supplies - livemint.com - city New Delhi - India

28.05.2021 / 19:44

Ministerial group to decide on GST rate cut on covid medical supplies

New Delhi: Federal indirect tax body, the Goods and Services Tax (GST) Council on Friday extended tax concessions on a host of imported medical supplies by two more months till end of August and decided to set up a ministerial group to examine demands for tax relief on locally produced covid related medical supplies, union finance minister Nirmala Sitharaman said at a briefing.The Council also decided to continue for another year the borrowing arrangement to meet the GST compensation requirement of states.

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Nirmala Sitharaman - Congress seeks removal of GST on Covid life-saving drugs ahead of GST Council meet - livemint.com - India

28.05.2021 / 09:41

Congress seeks removal of GST on Covid life-saving drugs ahead of GST Council meet

In today’s GST Council meet, the government should remove GST from all life saving medicins and equipment that are being used to fight Covid pic.twitter.com/yjPI3K0BUmUnion Finance Minister Nirmala Sitharaman is chairing the 43rd Goods and Services Tax (GST) Council meeting through video conferencing today.Never miss a story! Stay connected and informed with Mint.

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Nirmala Sitharaman - GST Council likely to discuss tax cuts on Covid goods, compensation to states tomorrow - livemint.com - India

27.05.2021 / 18:53

GST Council likely to discuss tax cuts on Covid goods, compensation to states tomorrow

PTI report.The top decision-making body, which is headed by Union Finance Minister Nirmala Sitharaman, includes representatives of all states and Union Territories.

Nirmala Sitharaman India pandemic vaccine

Nirmala Sitharaman - General insurance agents urge govt to scrap 18% GST on individual health policy - livemint.com - India

25.05.2021 / 16:09

General insurance agents urge govt to scrap 18% GST on individual health policy

insurance agents, on Tuesday urged the government to withdraw the 18% GST on individual health insurance policies so that more people are encouraged to avail these as a measure of social security.The confederation submitted a memorandum to Finance Minister Nirmala Sitharaman with a copy to the GST Council and also to the Parliamentary Standing Committee on Finance. In the memorandum, the confederation has pointed out that it is an anomaly that all insurance policies attract 18% GST.There should have been a differentiation between policies on commercial lines (availed by industry, commerce) and policies on personal lines, availed by individuals.

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Nirmala Sitharaman - India's once-in-a-century budget runs into trouble as coronavirus strikes back - livemint.com - city New Delhi - India

16.05.2021 / 12:37

India's once-in-a-century budget runs into trouble as coronavirus strikes back

NEW DELHI : India's annual budget in February was lauded by many and raised hopes it would drive a sharp economic revival, but there are now fears that its promise may fall flat as it did not account for a crippling second wave of COVID-19 infections.The budget aimed to revive Asia's third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections - on the back of projected growth of 10.5% - to fund its spending in the fiscal year.Finance Minister Nirmala Sitharaman said India would not see such a budget in "100 years".

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Nirmala Sitharaman - Naveen Patnaik - States need fiscal support to fight covid: Naveen Patnaik - livemint.com - city New Delhi - India

06.05.2021 / 19:46

States need fiscal support to fight covid: Naveen Patnaik

NEW DELHI : Odisha chief minister Naveen Patnaik has asked the Central government to give Goods and Services Tax (GST) exemption to Covid-vaccines and give fiscal support to states to fight back the pandemic.Patnaik said in a letter to finance minister Nirmala Sitharaman that states have been asked to purchase vaccines for people in the 18-45 years age group and that GST on vaccines would make the purchases costly for the states. “Hence GST needs to be exempted completely.

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Nirmala Sitharaman - Naveen Patnaik - Odisha CM writes to FM seeking exemption of GST on purchase of Covid vaccines - livemint.com - India

06.05.2021 / 17:58

Odisha CM writes to FM seeking exemption of GST on purchase of Covid vaccines

Bhubaneswar (Odisha): Amid the surge of COVID-19 cases, Odisha Chief Minister Naveen Patnaik on Thursday wrote to Union Finance Minister Nirmala Sitharaman urging the exemption of Goods and Service Taxes (GST) on the purchase of COVID-19 vaccine."The states have been asked to purchase vaccines out of their own resources to cover the 18 to 45 years age group of the population. These purchases attract GST, making the vaccines costly for the state.

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Nirmala Sitharaman - Covid-19: Centre working together with states for lives and livelihoods, says FM Nirmala Sitharaman - livemint.com - India - city Bangalore

19.04.2021 / 07:59

Covid-19: Centre working together with states for lives and livelihoods, says FM Nirmala Sitharaman

@PMOIndia is responding to #Covid management.

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Narendra Modi - Arvind Kejriwal - Harsh Vardhan - Amit Shah - Nirmala Sitharaman - Ram Nath Kovind - Finance Minister Nirmala Sitharaman gets her first dose of Covid-19 vaccine - livemint.com - India - city Delhi

04.03.2021 / 10:33

Finance Minister Nirmala Sitharaman gets her first dose of Covid-19 vaccine

#COVID19 vaccine, at Fortis Hospital in Vasant Kunj.

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Narendra Modi - Nirmala Sitharaman - NDHM uses 50% of the budget allocated to create health IDs in 2020-21 - livemint.com

12.02.2021 / 19:45

NDHM uses 50% of the budget allocated to create health IDs in 2020-21

NDHM) has used only approximately 50% of the allocated budget for creating health IDs in 2020-21.While under NDHM, the budget allocated for Health IDs for 2020-21 is ₹1.06 crores, the expenditure on Health IDs till 31.12.2020 is ₹52.02 lakhs. And, there is no provision for state/UT wise budget and expenditure, Ashwini Kumar Choubey told Lok Sabha on Friday.The finance minister Nirmala Sitharaman allocated ₹30 crores for NDHM in 2021-22 which was announced by Prime Minister Narendra Modi on 15th August 2020.

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Nirmala Sitharaman - Health, infrastructure spending highlights of budget FY22: Sitharaman - livemint.com - city New Delhi

01.02.2021 / 19:08

Health, infrastructure spending highlights of budget FY22: Sitharaman

New Delhi: Scaling up investments on infrastructure and healthcare is the highlight of union budget FY22, finance minister Nirmala Sitharaman said on Monday, explaining how big spending can rev up the economy that is now in a recession.The budget’s goal, the minister said, was to make quality spending that will result in a demand push.“If there are two important features of this budget, it is that we chose to spend big on infrastructure which spans across roads, bridges, ports, power generation and so on. The second feature is to attend to the need of the health sector.

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Narendra Modi - Nirmala Sitharaman - ₹35,000 cr for COVID vaccines will help end pandemic, expedite eco recovery: Vardhan - livemint.com - city New Delhi

01.02.2021 / 15:51

₹35,000 cr for COVID vaccines will help end pandemic, expedite eco recovery: Vardhan

New Delhi: Union Health Minister Harsh Vardhan on Monday lauded the 2021-2022 Budget, saying the allocation of ₹35,000 crore for COVID-19 vaccines and commitment to provide further support will help end this pandemic and expedite economic recovery.He hailed the "visionary leadership" of Prime Minister Narendra Modi and "prudence" of Finance Minister Nirmala Sitharaman "for taking us closer to Health For All"."A remarkable 137 per cent increase, taking budgeted outlay for health and wellbeing to ₹2,23,846 crore," he said.The government on Monday proposed a budget outlay of ₹2,23,846 crore for health and well being in 2021-2022, an increase of 137 per cent from the previous year, with ₹35,000 crore earmarked for COVID-19 vaccine in the

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Nirmala Sitharaman - India budget to boost health care spending, - clickorlando.com - city New Delhi - India

clickorlando.com

01.02.2021 / 12:41

India budget to boost health care spending,

NEW DELHI – India’s government has proposed to increase spending on health care in a $477 billion budget for 2021-22 that promises extra help for weathering the coronavirus pandemic.

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Nirmala Sitharaman - Healthcare takes centre stage against covid backdrop - livemint.com - India - county Union

01.02.2021 / 11:47

Healthcare takes centre stage against covid backdrop

Healthcare took centre stage in the Union Budget 2021 presented in Parliament on Monday by finance minister Nirmala Sitharaman against the backdrop of the covid-19 pandemic.AnnouncementSitharaman allocated a bumper Rs2,23,846 crore in the budget for the sector. The outlay is an increase of about 137% from the previous year's budget.Also Read | How India can fight vaccine hesitancyIndia is already running a massive covid-19 vaccination programme and has vaccinated more than 35 lakh healthcare workers and the Union budget has strengthened the focus on vaccination.

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Nirmala Sitharaman - ₹64,000 crore health scheme - livemint.com - India

01.02.2021 / 09:57

₹64,000 crore health scheme

₹64,180 crore over the next six years to improve healthcare services available across primary to tertiary care facilities, finance minister Nirmala Sitharaman announced in her budget speech on Monday.AnnouncementThe new centrally sponsored scheme, PM Atmanirbhar Swasthya Yojana will also strengthen existing national institutions and create new institutions catered to detection and cure of new and emerging diseases, Sitharaman said. This scheme is in addition to the existing National Health Mission.Also Read | How India can fight vaccine hesitancyThe minister said the scheme will support over 17,000 rural and over 7,000 urban health and wellness centres.

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Nirmala Sitharaman - Covid-19 turns to economic crisis: Will India heal its health budget - livemint.com - India - county Will

31.01.2021 / 16:05

Covid-19 turns to economic crisis: Will India heal its health budget

healthcare sector will get a boost when finance minister Nirmala Sitharaman’s presents the Union Budget for 2021 on Monday.The pandemic strained the Indian healthcare system, characterised by stressed infrastructure, limited diagnostic capacities, and constrained manpower. While healthcare workers and other frontline warriors managed the crisis well, it has prompted a rethink in government circles about the need to be better prepared for such events.“...Even in best of times the countries expenditure towards healthcare has been dismal and expecting government to apply a magic wand in distress is asking for too much.

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Nirmala Sitharaman - Jan Arogya Yojana - Bharat-Pradhan Mantri - Ayushman Bharat showed positive impact on health outcomes: Eco Survey 2021 - livemint.com - city New Delhi

29.01.2021 / 18:43

Ayushman Bharat showed positive impact on health outcomes: Eco Survey 2021

New Delhi: Government’s ambitious health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) enhanced the health insurance coverage across the states that opted for it by 54% , showed the Economic Survey 2020-21 that finance minister Nirmala Sitharaman tabled in Parliament on Friday.The document, authored by chief economic advisor Krishnamurthy Subramanian and his team, revealed that across all the states, the proportion of households with health insurance increased by 54% for the states that implemented PM-JAY while falling by 10% in states that did not.

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Nirmala Sitharaman - Indian economy shrinks 7.7% in fiscal 2020-21 amid pandemic - clickorlando.com - city New Delhi - India

clickorlando.com

29.01.2021 / 12:35

Indian economy shrinks 7.7% in fiscal 2020-21 amid pandemic

NEW DELHI – India's economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday.

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Nirmala Sitharaman - Budget 2021: India likely to double health spending next fiscal year - livemint.com - Usa - India

26.01.2021 / 09:35

Budget 2021: India likely to double health spending next fiscal year

Also Read | The Indian-Americans driving Biden’s agendaThe new healthcare plan is likely to be unveiled on Feb. 1 when Finance Minister Nirmala Sitharaman presents the country's budget for 2020/21.

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Nirmala Sitharaman - Budget to set course for economic pick-up after COVID carnage - livemint.com - India - Britain

01.01.2021 / 11:20

Budget to set course for economic pick-up after COVID carnage

Budget for 2021-22 to steer its course.India, which had in 2019 overtaken the UK to become the fifth-largest economy in the world, was knocked off course somewhat due to the carnage that the pandemic and the ensuing strict lockdown unleashed -- businesses were shut, consumption slumped, investments took a hit and jobs were lost.Also Read | Investing during all-time highs can be good strategyThe combined effect being that the economy got relegated to the sixth spot in 2020.The Budget for the next fiscal starting April 2021 that Finance Minister Nirmala Sitharaman will present a month from now will be the starting point for picking up the pieces after the economic destruction.The government's spending plans particularly on infrastructure and

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Nirmala Sitharaman - Govt puts IBC on hold till March - livemint.com - city Bangalore

22.12.2020 / 03:35

Govt puts IBC on hold till March

Fresh corporate bankruptcy filings for loans defaulted during the pandemic will remain suspended till the end of the financial year, with the government extending the ongoing freeze.The Insolvency and Bankruptcy Code (IBC) was initially suspended for six months from 25 March, which was later extended by another three months ending 24 December.Union finance minister Nirmala Sitharaman on Monday said the government has now decided to extend the suspension for a full year.Sitharaman said at an interaction with the Bangalore Chamber of Industry and Commerce that the government has extended various deadlines and eased compliance requirements to ensure companies were not stressed during the pandemic.“Even suspension of the IBC has been extended

Nirmala Sitharaman city Bangalore pandemic Government

Nirmala Sitharaman - IBC suspension extended for a full year: Nirmala Sitharaman - livemint.com - city New Delhi - city Bangalore

21.12.2020 / 19:59

IBC suspension extended for a full year: Nirmala Sitharaman

NEW DELHI : Finance minister Nirmala Sitharaman said on Monday that the suspension of fresh bankruptcy proceedings against companies for defaults during the pandemic has been extended to a full year.The ban on creditors to initiate bankruptcy action against companies for defaults was initially suspended for six months from 25 March, which was later extended by another three months ending 24 December.

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Nirmala Sitharaman - Govt plans to extend suspension of fresh insolvency proceedings till March - livemint.com - city New Delhi - city Bangalore

21.12.2020 / 19:00

Govt plans to extend suspension of fresh insolvency proceedings till March

New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is planning to extend the suspension of fresh insolvency proceedings for another three months, a move which will provide major relief to corporate borrowers hit by the coronavirus pandemic.Addressing the Bangalore Chamber Of Industry And Commerce (BCIC), she said the government has taken several measures, including deferment of tax payment date, to help businesses and people."Not only the compliance but even the payments for the taxation related payment which companies have to do were all postponed so that nobody is put to difficulty," Sitharaman, who also holds the corporate affairs portfolio, said.As part of the 'Aatmanirbhar Bharat' package, the government

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Nirmala Sitharaman - FM Nirmala Sitharaman promises 'never before' like Union Budget - livemint.com - city New Delhi - India

18.12.2020 / 19:02

FM Nirmala Sitharaman promises 'never before' like Union Budget

NEW DELHI : Finance Minister Nirmala Sitharaman on Friday promised a "never before" like Union Budget as the government looks to steer the pandemic-battered economy and push growth.While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen in a newer canvas with newer perspective on vocational training and skill development."Send me your inputs so that we can see a Budget which is a Budget like never before, in a way.

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Nirmala Sitharaman - Investment in health, support to broken sectors and new growth engines needed: Nirmala Sitharaman - livemint.com - India

18.12.2020 / 19:02

Investment in health, support to broken sectors and new growth engines needed: Nirmala Sitharaman

Nirmala Sitharaman said on Friday that higher investment in healthcare is very critical and industries that got badly battered due to the pandemic and the ones that would emerge as new engines of growth needed support.Addressing business leaders at the Confederation of Indian Industry’s (CII) virtual partnership summit, Sitharaman described her third union budget to be presented in February as a ‘never before’ budget coming after a pandemic.

Nirmala Sitharaman India pandemic Health

Nirmala Sitharaman - India has enough capacity to produce Covid-19 vaccines for itself and others: Sitharaman - livemint.com - city New Delhi - India

18.12.2020 / 18:09

India has enough capacity to produce Covid-19 vaccines for itself and others: Sitharaman

New Delhi: India has enough capacity to produce Covid-19 vaccines for its needs and also export it to other countries that need its help, Finance Minister Nirmala Sitharaman said on Friday.In her address at the Confederation of Indian Industry (CII) Partnership Summit 2020, Sitharaman also said India has to invest a lot more in health infrastructure and get more private partners into the sector, while adding the country would be a major contributor to the revival of the global economy after the pandemic."Health and investment in health is going to be absolutely critical. Capacity to build hospitals, building capacities, skills to handle telemedicine and soft capacities will be required.

Nirmala Sitharaman city New Delhi India covid-19 vaccine Health

Nirmala Sitharaman - Traders vie for export incentives, tax breaks - livemint.com - India

18.12.2020 / 04:20

Traders vie for export incentives, tax breaks

exports and imports have made representations to finance minister Nirmala Sitharaman seeking sops, including duty drawbacks, an extension on tax breaks for export-oriented special economic zones (SEZs) and simpler rules on international e-commerce shipping.Also Read | Covid curve slumping across India“In light of the current economic condition and increasing global competitiveness, extending the sunset clause of the IT Act for SEZs will give a big boost," Diwakar Nigam, chairman and managing director of Newgen Software, said in an interview.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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