Assam Govt & SIDBOI to develop joint fund to boost entrepreneurship in the state

With a view to boost entrepreneurship and encourage start-ups, the Assam government and Small Industries Development Bank of India (SIDBOI) have decided to develop a joint fund to promote startup entrepreneurs. The decision was taken during a meeting held in Guwahati on Thursday in presence of Union Finance Minister Nirmala Sitharaman, Assam Chief Minister Dr. […]

Meghalaya CM seeks Sitharaman’s intervention to enhance central allocation of funds

Meghalaya Chief Minister Conrad Sangma called on Union Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. During the meeting, the Meghalaya Chief Minister thanked the finance minister Nirmala Sitharaman for expanding the Special Assistance to States for Capital Expenditure to 1 Lakh Crore. Chief Minister Conrad Sangma also sought her intervention to enhance the […]

2022 Budget session of Parliament begins

The Budget session of the Parliament began today. The session starts with President Ram Nath Kovind’s addressing the Parliament. Finance minister Nirmala Sitharaman will present the Economic Survey for 2021-2022 in the Parliament today, The first part of the Budget session will be held from January 31 to February 11. It will then go into […]

Banks to go for two-day nationwide strike from Dec 16

The United Forum of Bank Unions (UFBU) has called a two-day strike for December 16-17 to protest the government’s proposed Bill for the privatisation of two public sector banks. The Bill is slated to be introduced in the ongoing winter session of the Parliament. Sanjay Das, general secretary of the All India Bank Officers Confederation […]

Finance Minister Nirmala Sitharaman inaugurates several development projects in Tripura

Union Finance Minister Nirmala Sitharaman who is on a two-day visit to Tripura, inaugurated a host of development projects and reviewed the progress of Emergency Assistance Projects (EAP) in the state. The Union Finance Minister arrived at Agartala this morning. She was given a warm reception by State finance minister Jishnu Dev Varma and state […]

Government ‘bleeding’ to pay UPA’s oil bonds of Rs 1.44 lakh crore: Nirmala Sitharaman

The Central government is “bleeding” to pay the Oil bonds of Rs 1.44 lakh crore floated by the United Progressive Alliance (UPA) government in 2012, Union Finance Minister Nirmala Sitharaman said on Monday. Speaking on the rise in fuel prices, the Union Finance Minister said interest payment on oil bonds floated by the UPA has […]

Centre announces Rs 1.1 lakh crore loan guarantee scheme for Covid-hit sectors

With a focus on health and medical infrastructure, the Finance Ministry on Monday announced a Rs 1.1 lakh crore loan guarantee scheme for COVID-19-hit sectors. Out of the Rs 1.1 lakh crore, the health care sector will get Rs 50,000 crore, while the others will get Rs 60,000 crore. “Total of Rs 1.1 lakh crore […]

GST Council cuts tax rate on Covid essentials

Union Finance Minister Nirmala Sitharaman said on Saturday that recommendations of Group of Ministers (GoM) set up to look into tax relief on Covid-19 medical supplies have been accepted by the GST Council. The Goods and Services Tax (GST) rate has been reduced from 12 per cent earlier to 5 per cent now on Covid […]

Parliament passes Finance Bill 2021-22

The Parliament on Wednesday passed Finance Bill 2021, which gives effect to the financial proposals of the central government for the financial year 2021-22. The bill was passed by Rajya Sabha on Wednesday, a day after it was approved by the Lok Sabha. Replying to the debate on the bill, Finance Minister Nirmala accused the […]