Tag: Finance Minister Nirmala Sitharaman

FM announces amalgamation of banks to achieve higher economic growth

Newsroom24x7 Network New Delhi: Finance & Corporate Affairs Minister Nirmala Sitharaman on Friday, 30 August 2019, announced the Union Government’s decision to consolidate Public Sector Banks (PSBs) for strong national resence & global reach. The banks being amalgamated together handle 82% of PSB business and 56% of Commercial bank business. These are being brought together

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FM, GDP, Economic Survey: Where FM has bungled on the Budget?

Bhagyashree Pande   The Chief Economic Advisor (CEA), in the Economic Survey put out a day before the budget, has taken the latest GDP of Rs 1.9 lakh cr with 11% growth as put out by the Controller General of Accounts (CGA)¹ because they were released as late as 31 May 2019. These last set

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Close Watch: Indian tax payers & pensioners draw a blank; Australia offers more tax relief to hard-working Australians

Newsroom24x7 Network New Delhi/Canberra: Hard working Indians who honestly pay their taxes were looking forward to tax exemptions, raising of the taxable income slab and other forms of relief but were disappointed when nothing of this was announced by in the Budget proposals presented before Parliament on Friday, 5 jULY 2019 by Finance Minister Nirmala

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Extradition of Economic Offenders: “Names will not be disclosed in Public interest”

Newsroom24x7 Network There are 28 individuals who are accused in criminal cases being investigated by Enforcement Directorate (ED). They are either residing abroad or have left the country before initiation of investigations by ED. As these cases are at various stages of investigations by ED, it will not be in larger public interest to disclose

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