NEW DELHI: Assuring account holders of troubled Punjab and Maharashtra Co-operative Bank of support, Finance Minister Nirmala Sitharaman on Saturday said that she has spoken to the RBI governor, who assured that customers’ concerns will be taken on top priority. The bank was put under “directions” by the Reserve Bank of India (RBI) last month … Read moreSpoken to RBI guv, concerns of PMC bank’s customers will be addressed: FM
By Omkar GoswamiAt Panaji, last Friday on September 20, amid a Goods and Services Tax (GST) Council meet, finance minister Nirmala Sitharaman announced major cuts in corporate tax rates. These were in three chunks. First, all Indian companies that are not benefiting from various tax exemptions, tax holidays and other fiscal incentives, will now pay … Read moreView: A booster shot for India Inc is nice. But how will this lead to greater consumption?
Finance Minister Nirmala Sitharaman Saturday announced a slew of measures to boost the economy, including a new scheme to refund taxes and duties on exports, easier export credit and additional funding for exporters under the revised priority sector lending norms. The proposed Remission of Duties or Taxes on Export Product (RoDTEP) scheme will come into … Read moreFinance Minister announces new tax refund scheme, easy credit to boost exports
BENGALURU: Banks may take 2-3 years to standardise core technology, products and customer applications after the government proposed to merge some prominent public sector lenders last week, analysts said. “The integration process would take 24-36 months. Website, mobile apps, IVR — all have to get merged into one. While you are doing this, cyber security … Read moreBanks may take 3 years for tech merger
NEW DELHI: If you have a taxable income of just under Rs 2 crore or Rs 5 crore, unless you get a very very hefty hike, your take-home won’t increase at all. That’s because with the new surcharges in this Budget – 25% for those earning between Rs 2 crore and Rs 5 crore; and … Read moreBudget 2019: The section for whom salary hikes are now meaningless
The budget proposals in Nirmala Sitharaman‘s budget have evoked different responses from different sections. Here is a look at the good and the not-so-good sides of the budget. The Good * Aadhaar-PAN interchangeability Nirmala Sitharaman’s maiden budget today proposed to make Pan Card and Aadhaar card interchangeable to file tax returns. In addition to that, … Read moreBudget 2019: The good, the bad and the ugly of Sitharaman’s budget
The tough-talking Nirmala Sitharaman is as blunt as she can get. Ask her about the alleged politicisation of security matters in light of Balakot and Mission Shakti. Political nod is required for any such action, unlike Pakistan, the Defence Minister minced no words while speaking to ETNow as part of India Development Debate. Edited excerpts: … Read moreNirmala: Do you expect armed forces to take selfies and show proof: Nirmala Sitharaman