Tag: Nirmala Sitharaman

No charge on cash withdrawals from any bank’s ATM for 3 months
News

No charge on cash withdrawals from any bank’s ATM for 3 months

March 26, 2020

New Delhi: Finance Minister Nirmala Sitharaman has said that debit card holders who withdraw cash from any bank’s ATM can do it free of charge for the next three months to promote digital financial transactions at the time of coronavirus pandemic.  “ …so you may have a debit card from a bank, a particular bank,…

Yes Bank depositors rush to ATMs but most unable to withdraw cash
News

Yes Bank depositors rush to ATMs but most unable to withdraw cash

March 7, 2020

Mysore/Mysuru: Hundreds of harried Yes Bank depositors rushed to ATMs in city to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs. 50,000 per account for a month.  Aggravating the problems of depositors were difficulties accessing…

Money deposited in banks absolutely safe: Finance Minister
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Money deposited in banks absolutely safe: Finance Minister

February 1, 2020

Dividend Distribution Tax for companies abolished New Delhi: Union Finance Minister Nirmala Sitharaman sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them.  The assurance comes at a time when depositors, especially senior citizens, are worried about the fate…

Bahi Khata is back
News

Bahi Khata is back

February 1, 2020

Tracing the journey of India’s traditional ledger wrapped in red cloth New Delhi: As the nation awaits Finance Minister (FM) Nirmala Sitharaman’s second Union Budget presentation on Saturday, the “Bahi Khata”, which appeared for the first time in 2019 Budget Session, popped up again replacing the standard Budget briefcase. In 2019, Finance Minister Sitharaman ditched…

Budget Session: Economic Survey tabled in Parliament
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Budget Session: Economic Survey tabled in Parliament

January 31, 2020

Union Budget to be presented tomorrow • Session to be held in two phases • First phase from Jan. 31 to Feb. 11 • Second phase from Mar. 2 to Apr. 3 New Delhi: The Budget Session of the Parliament began today with the Union Budget to be presented  tomorrow. The budget session will be…

Corporate Tax slashed to fire up economy, sends Sensex soaring
News

Corporate Tax slashed to fire up economy, sends Sensex soaring

September 20, 2019

New Delhi: As a Deepavali gift, Finance Minister Nirmala Sitharaman this morning slashed Corporate Tax rates for domestic firms from 30% to 22% and for new manufacturing companies from 25% to 15% to boost economic growth. The move brings India’s Corporate Tax rate on par with East Asian countries, the Minister said about the Government’s…

Merging for strength and diversion?
Columns, In Black & White

Merging for strength and diversion?

August 31, 2019

Finance Minister Nirmala Sitharaman yesterday announced the merger of 10 public sector Banks into four entities. The first merger, that of Punjab National Bank, Oriental Bank of Commerce and United Bank will create a super-bank named Punjab National Bank. This will be the second-largest public sector Bank in India, after the State Bank of India….

Ten public sector banks to be merged into four
News

Ten public sector banks to be merged into four

August 31, 2019

New Delhi: The Union Government yesterday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a six-year low. Finance Minister Nirmala Sitharaman announced four new set of mergers — Punjab National Bank, Oriental…

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