Union Budget: Central government releases Rs 19,000 cr for Assam

Finance Minister Nirmala Sitharman on Monday presenting the Union Budget for the year 2021, announced that Assam will get over Rs 34,000 Crore for road projects across the state. Central Govt has released Rs 19,000 crore for construction of roads and national highways in Assam allocates. Further, she announced 1,300 kilometers of highway construction in […]

Economic Survey: Indian economy on V-shaped recovery path post unlock

The Economic Survey 2020-21 tabled by Finance Minister Nirmala Sitharaman in the Parliament on Friday said the country’s economy after being gradually unlocked since June 2020 has experienced a V-shaped recovery. “Despite the hard-hitting economic shock created by the global pandemic, India is witnessing a V-shaped recovery with a stable macroeconomic situation aided by a […]

Meghalaya CM seeks Sitharaman’s support to release share of central taxes

Meghalaya Chief Minister Conrad Sangma on Wednesday met Finance Minister Nirmala Sitharam here in the national capital to seek her support for releasing the share of central taxes and the relaxation of the strict timelines for implementation of reforms. In a tweet, Conrad Sangma said, “Met Union Finance Minister Nirmala Sitharaman Ji and sought her […]

15th Finance Commission submits report for 2021-26 to Finance Minister Nirmala Sitharaman

The Fifteenth Finance Commission, led by Chairman NK Singh, submitted its report for the period 2021-22 to 2025-26 to the Finance Minister Nirmala Sitharaman, an official statement said here on Tuesday. Members of the Commission, Ajay Narayan Jha, Prof Anoop Singh, Dr Ashok Lahiri and Dr Ramesh Chand along with Secretary to the Commission, Arvind […]

Finance Minister Nirmala Sitharaman announces new employment generation scheme

Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees’ contribution (12 per cent of wages) and employer’s contribution (12 per […]

Mizoram MPs meet Nirmala Sitharaman; urge to waive loan liabilities to HUDCO

Two Members of Parliament from Mizoram – C Lalrosanga and K Vanlalvena called on the Union Finance minister Nirmala Sitharaman urging her to write off loan liabilities to Housing and Urban Development Corporation amounting to Rs 39.29 crore. According to official sources, C Lalrosanga and K Vanlalvena met with Union Finance Minister Nirmala Sitharaman on […]

Govt to give Rs 12,000 crore special interest-free 50 year loan to states

Finance Minister Nirmala Sitharaman on Monday said a special interest-free 50-year loan will be issued to states by the Centre for Rs 12,000 crore capital expenditure. Addressing a press conference ahead of crucial 43rd Goods and Services Tax (GST) Council meeting, Sithraman said, “Capital expenditure — money spent on infrastructure and asset creation — has […]

Nirmala Sitharaman to announce final tranche of Rs 20 lakh cr stimulus package on Sunday

Finance Minister Nirmala Sitharaman will announce the fifth and last tranche of Rs 20 lakh crore stimulus package at 11 am on Sunday. Sitharaman on Saturday said that the central government will introduce competition, transparency and private sector participation in the coal sector and will do infrastructure development of Rs 50,000 crore. Earlier on Friday, […]

Centre announces Rs 1 lakh crore Agri Infrastructure Fund in 3rd tranche of stimulus package

Finance Minister Nirmala Sitharaman on Friday announced Rs 1 lakh crore Agri Infrastructure Fund for farm gate infrastructure for farmers and Rs 10,000 crore scheme for the formalisation of Micro Food Enterprises (MFEs) in the third tranche of Rs 20 lakh crore stimulus package. As part of Agri Infrastructure Fund, financing facility of Rs 1 […]