finance minister press conference today

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August 1st, 2020

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FM lists reforms by the Govt so far: Direct Benefit Transfer given the Jan Dhan, Aadhaar, Mobile (JAM), PM Awaaz, Ujjwala, Microfinance schemes, Swachh Bharat, Ayushman Bharat. Watch!Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman says state borrowing limit raised from 3% to 5% but conditions applyIn the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman announced reforms in Corporate Laws Act to benefit MSME sector and new Public Sector Enterprise policy as part of the Atmanirbhar Bharat Abhiyan project unveiled by Prime Minister Narendra Modi on Monday, May 11, 2020. It is her second address to the media within a matter of a week. Is it sufficient to meet the needs of the country? There will be 25 different projects which will create job opportunities for migrants.116 districts spread over six states received huge number of migrants.Finance Minister Nirmala Sitharaman starts press conference. This includes duty on diamonds exported and then reimported. Two months since, the scheme’s success has been limited, with majority of small businesses still struggling to find funding.The Department of Investment and Public Asset Management (Dipam) is expected to shortly finalise a draft that will designate various sectors as strategic or non-strategic, officials told ET. In case you can’t find any email from our side, please check the spam folder. EPFO manages a corpus of Rs 10 lakh crore built on mandatory contributions from nearly 60 million salaried people and their employers. Sitharaman expected to provide the details of Rs 20 lakh crore economic package which was announced by PM Narendra Modi on Tuesday.Covid-19 economic package: FM Nirmala Sitharaman to brief press at 4 pm todayIn controversial remarks, TMC MP Kalyan Banerjee has equated Union Finance Minister Nirmala Sitharaman with a "venomous snake" for her handling of the economy, drawing sharp reaction from the BJP which said Mamata Banerjee has lost control over her party leaders who are "uttering nonsense" out of frustration. The move was aimed at providing some savings to employers and employees to tide over coronavirus crisis.In view of the constraints due to the Covid pandemic and to further ease compliance for taxpayers, CBDT on Wednesday extended the due date for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from 31st July, 2020 to 30th September, 2020.Income tax return filing deadline for FY 2018-19 extended to Sept 30, 2020Finance Minister Nirmala Sitharaman to hold Press Conference today after Prime Minister Narendra Modi announced 20 Lakh crore relief package yesterday. This, she said, will help the aluminium industry reduce electricity costs.Sitharaman said commercial mining will be done on revenue sharing mechanism.Ahead of the launch of 'Garib Kalyan Rojgar Abhiyaan' scheme, Union Finance Minister Nirmala Sitharaman said that Central and state governments have meticulously mapped the skill sets of the migrant workers who have returned in large numbers to the 116 districts in six states.FM Nirmala Sitharaman shares details of PM Garib Kalyan Rojgar Abhiyaan for migrantsThe livelihood opportunities will come up in 116 districts spread over six states who have received substantial numbers of migrants.India’s Finance Minister announced the nationwide rollout of a One Nation One Ration Card scheme, that will ensure migrant workers get their supplies; here’s how it works.Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion. But now because the stress is in the ground so much and affected people are probably a lot more, so there is a lot of criticism and I don't mind it, I have to take it,” FM Nirmala Sitharaman said during exclusive interview with ANI Editor Smita Prakash. "The level of the NPAs is going to be unprecedented in six months from now if we really recognise the true level of NPAs...We are in trouble and sooner we recognise it, better it is because we really need to deal with the problem,” Rajan said during a session at the India Policy Forum 2020 organised by NCAER.The upcoming package is likely to focus on the MSME sector, which has been the worst hit.The decision to permit up to 74 per cent FDI in the defence manufacturing through the automatic route was announced by Finance Minister Nirmala Sitharaman in May while announcing the fourth tranche of the Rs 20 lakh crore stimulus package for the coronavirus-hit economy.As part of the Rs 20.97 lakh crore comprehensive economic package, the government announced the Emergency Credit Line Guarantee Scheme (ECLGS) worth Rs 3-lakh crore for the MSME sector, hit hard by the coronavirus crisis.The government has already announced a Rs 20.97 lakh crore economic package, which includes Reserve Bank's Rs 8.01 lakh crore worth of liquidity measures till May 17.

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