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…
Mysuru: Union Government will introduce a new system for scrutinising the Income Tax Return on Oct. 8, the Vijayadashami Day, Union Minister for Finance Nirmala Sitharaman said last evening. Speaking to reporters at Government Guest House after holding a detailed meeting with tax officials, she said the implementation of the “faceless assessment”, announced in the…
Mysuru: BJP has no role in the arrest of former Union Finance Minister P. Chidambaram and it was not a vendetta politics, Union Minister Nirmala Sitharaman clarified yesterday. She said that the Congress reaction on the issue was on expected line. Congress has ruled the country for many years and the party might have…
Addresses GST and I-T officials Mysuru: Union Finance Minister Nirmala Sitharaman, who had visited Kodagu to assess the flood situation recently, arrived in city this morning. She will be addressing the GST and Income Tax officials in an internal meeting organised by GST Commissionerate, Mysuru, at Hotel Radisson Blu here. Nirmala, who arrived on road…
By Vikram Muthanna Like most Indians I too watch the Union budget. But usually by the end of the Finance Minister’s speech I feel like I have understood nothing and end up feeling like I have a learning disability. Finally my perception of a budget is reduced to — “what has gotten costlier and what…
New Delhi: The Maiden Budget of the Narendra Modi Government in the second tenure was presented in the Lok Sabha this morning. It was Finance Minister Nirmala Sitharaman’s first Budget and also the second fiscal proposals of a financial year by any woman Finance Minister. Indira Gandhi has been the only woman to have presented…
Wraps budget documents in traditional ‘bahi khaata’ New Delhi: Setting a new precedent, Union Finance Minister Nirmala Sitharaman this morning was seen hugging the Budget documents wrapped in a red cloth, the traditional ‘bahi khaata’ way, instead of the leather briefcase that until now her predecessors marched out with. Chief Economic Advisor Krishnamurthy Subramanian said…
New Delhi: While presenting the Union Budget 2019, Finance Minister Nirmala Sitharaman referred to Lord Basaveshwara and his teachings a couple of times during the speech. The Union Minister invoked Basavanna’s principles and said, “Our government recognises and follows the teachings of Lord Basaveshwara who preached Kayakave Kailasa. Lord Basaveshwara was 12th-century social reformer and…
Often criticised for not speaking much, Singh spoke 18,177 words in 1991 New Delhi: Nirmala Sitharaman is the second woman to present Union Budget. Indira Gandhi was the first. But Indira Gandhi was the Prime Minister who held the finance portfolio with her. Nirmala Sitharaman is different in that sense. She presents the Union Budget…
New Delhi: India’s first female Finance Minister in almost five decades, Nirmala Sitharaman, who has held a wide range of jobs including Defence Minister, will present India’s full-year budget for the next fiscal (2019-20) in Parliament tomorrow morning at a time when she is under pressure to spend more to reinvigorate the economy. Fifty-nine-year-old Sitharaman…
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