The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis.The meeting assumes significance as the banking sector has to implement many schemes under the Rs 21 lakh crore economic package announced by the finance minister in five tranches last week.In a series of one-on-one calls with the heads of all major public sector banks (PSBs) and representatives of private banks, Sithraman said the banks were doing their best to ensure customer service without disruption, through social media on Saturday.While the Covid-relief package took care of the bleeding MSMEs sector, concerns of large companies, especially those in stressed sectors such as hospitality, tourism, automotive and aviation, should also be addressed to protect jobs and increase demand, industry members said.Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The huge outgo is likely to impact the fund’s earnings in FY21. Finance Minister Nirmala Sitharaman is set speak shortly. (Text: ET Online)Higher defence FDI, commercial coal mining, aviation reforms in FM Sitharaman's fourth tranche of announcements: Watch highlightsKhadi & Village Industries Commission has already sold 6.5 lakh masks since the time it started production in April. With a view to revive the economy shuttered by the coronavirus lockdown, PM Narendra Modi had announced a Rs 20 lakh crore special economic package. Union Finance Minister Nirmala Sitharaman to meet PSU Bank Chiefs todayAs much as Rs 30,000 crore has been withdrawn in under four months starting April by 8 million subscribers of the Employee Provident Fund Organisation. India was one of the fastest-growing aviation markets in the world and has high growth potential.She said 500 blocks of minerals will be auctioned in a composite exploration-cum-mining-cum-production regime. Indicators like, inter and intra-state movement of goods, PMI data, and are witnessing a pick-up, she said.More policy interventions to revive the economic growth says Nirmala SitharamanEarlier this month, Prime Minister Narendra Modi too had said the Indian economy has started seeing "green shoots" of recovery and the country remains one of the most open economies in the world.Addressing BJP Tamil Nadu unit party workers via a virtual rally, she said: "People's rights were completely rejected. Nirmala Sitharaman said, “There is definitely a lot of criticism; I suppose every Finance Minister gets it. For reprint rights: Editor's Note: This livestream is due to begin at 2pm. Finance Minister Nirmala Sitharaman announced the fourth tranche of stimulus measures on May 16. Why did the Congress party do it?It was hankering for power, it was for the sake of office. Finance Minister Nirmala Sitharaman in her third tranche of the economic package, has announced measures for providing relief to agriculture and allied industries. Is it sufficient to meet the needs of the country?
Finance Minister Nirmala Sitharaman to address media on 2nd announcement of economic package at 4 PM. For reprint rights: Times Syndication ServiceLive updates: Nirmala Sitharaman announces last tranche of economic packageMaking work from home permanent could have serious consequences, says Satya NadellaMarkets get a massive jump start, Sensex up by 1093 pointsStock indices up 1.5 percent on global cues, Tata Motors top gainerRaghuram Rajan clears the air on how to fund stimulus It highlighted the government’s commitment to help micro, small and medium enterprises by ensuring uninterrupted supply of liquidity during these difficult times, the finance ministry tweeted.The commerce department has requested its revenue counterpart to reconsider its decision, and a communication has also been sent by Commerce and Industry Minister Piyush Goyal to Finance Minister Nirmala Sitharaman on July 21.Finance Minister Nirmala Sitharaman to hold a meeting with PSU banks today.
Finance Minister to announce third leg of Covid-19 package today Sitharaman will announce the third leg of the Covid-19 economic package today. Finance Minister Nirmala Sitharaman, on Thursday, will unveil the second tranche of stimulus 2.0. at 4 pm. 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. Swaminathan Aiyar says FM Nirmala Sitharaman's financial package insufficientAccording to sources, the meeting has been deferred and the new date will be informed shortly. Check where, how and when to watch live telecast, streaming