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17.05.2020 - 12:57

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MUMBAI: Finance minister Nirmala Sitharaman’s plan to auction 12 more airports and further open up the Indian airspace does little to relieve the immediate financial stress that the aviation sector is under.

Industry experts say the government’s move to raise capital through auctioning 50-year airport concessions will find few takers at a time when fliers are grounded and airlines are struggling to survive.

On day four of her five-day economic stimulus announcements, Sitharaman said the bid process for six new airports will begin immediately, while another six will be placed on the table later for round three of bidding.

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Nirmala Sitharaman - Universities may go online by 30 May but where is the content? - livemint.com - India - city Mumbai

21.05.2020 / 07:43

Universities may go online by 30 May but where is the content?

MUMBAI : Last week when finance minister Nirmala Sitharaman announced several measures to ensure that students across age groups can continue to learn through various online initiatives, what she may not have taken into account is the availability of online content.

Nirmala Sitharaman India city Mumbai experts pandemic Government

Nirmala Sitharaman - Volatility may continue on Dalal Street; aviation stocks in focus - livemint.com - India

21.05.2020 / 06:23

Volatility may continue on Dalal Street; aviation stocks in focus

Volatility may continue in Indian stock markets on Thursday, while trends in SGX Nifty indicates a flat opening for the benchmark indices. Asian shares edged higher in the morning trade after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.

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Nirmala Sitharaman - Govt to help migrants in coming back when industrial activities resume: Nirmala Sitharaman - livemint.com - city New Delhi - India

20.05.2020 / 18:26

Govt to help migrants in coming back when industrial activities resume: Nirmala Sitharaman

NEW DELHI : As industrial and economic activities resume with easing of restrictions amid the Covid-19 countrywide lockdown, Finance Minister Nirmala Sitharaman said on Wednesday that the government will make plans for migrant workers to return back to cities and towns.

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Narendra Modi - Nirmala Sitharaman - Reset your relationship with employees: FM to India Inc - livemint.com - city New Delhi - India

20.05.2020 / 17:20

Reset your relationship with employees: FM to India Inc

NEW DELHI : Finance Minister Nirmala Sitharaman on Wednesday said Indian industry needs to reset its relation with its employees by engaging with unskilled workers in a professional manner and skilling its employees at all levels.

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Nirmala Sitharaman - I've done the best for India Inc: Sitharaman on stimulus package - livemint.com - India

19.05.2020 / 22:27

I've done the best for India Inc: Sitharaman on stimulus package

Just as India was showing initial signs of emerging from a slowdown, finance minister Nirmala Sitharaman was forced to confront a totally unexpected challenge: a pandemic. The government had to redraw battle plans and impose a lockdown, which triggered an economic collapse. Over the course of last week, the finance minister has outlined the contours of a ₹20 trillion stimulus package. In an interview on Tuesday, Sitharaman defended the government’s decisions and said it will not hesitate to take more steps to support Indian businesses. Edited excerpts:

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Nirmala Sitharaman - Why India needs more than liquidity dreams - livemint.com - India - city Mumbai

19.05.2020 / 20:21

Why India needs more than liquidity dreams

MUMBAI : Liquidity is the latest elixir in town. Finance minister Nirmala Sitharaman used the term about 40 times in the five presentations she made to the media between May 13-17 to lay out the ₹20-trillion economic package. Not surprisingly, a significant portion of the package ( ₹20.97-trillion to be exact) served up liquidity—and not fiscal stimulus as businesses and investors were expecting.

Nirmala Sitharaman India city Mumbai covid-19 economy Government crisis

Nirmala Sitharaman - ₹6.45 lakh cr worth loans sanctioned by PSBs during March 1-May 15 - livemint.com - city New Delhi

19.05.2020 / 11:07

₹6.45 lakh cr worth loans sanctioned by PSBs during March 1-May 15

State-owned banks launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

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Nirmala Sitharaman - How does housing subsidy benefit you? - livemint.com

18.05.2020 / 20:57

How does housing subsidy benefit you?

If you were planning to buy a house but held back in view of the ongoing covid-19 crisis, the government is willing to give a helping hand. At a press conference held last week, finance minister Nirmala Sitharaman announced the extension of the government’s housing subsidy scheme for households that fall under the middle-income group (MIG).

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Nirmala Sitharaman - Cash handout to migrant workers is difficult without database: Expenditure secy - livemint.com

18.05.2020 / 18:41

Cash handout to migrant workers is difficult without database: Expenditure secy

T.V. Somanathan gives the rationale behind the mega economic stimulus package announced by FM over five days

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Nirmala Sitharaman - Opinion | Government moves on airports, MRO good but the sector needs more flight - livemint.com - India

18.05.2020 / 12:49

Opinion | Government moves on airports, MRO good but the sector needs more flight

In the fourth tranche of the government's Rs20 lakh crore stimulus package to restore the health of the economy, Finance Minister Nirmala Sitharaman made announcements for the aviation sector. There were 3 major announcements focusing on airspace management, airports and making India an MRO hub (maintenance, repair and overhaul of aircraft).

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Nirmala Sitharaman - Sensex plunges over 1,000 points: Key triggers for today's losses - livemint.com - India

18.05.2020 / 10:05

Sensex plunges over 1,000 points: Key triggers for today's losses

Indian stock markets fell sharply today as the government's stimulus package failed to enthuse the Street, with banking stocks leading the losses. The government has extended a nationwide lockdown to May 31, while easing some restrictions, but a ban on air travel and gatherings at several public places still remained. The Sensex fell as much as 1070 points to 30,027, wiping out about ₹3 lakh crore of investors' wealth. At day's low, the Nifty slumped to 8,825.

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Nirmala Sitharaman - Ramesh Pokhriyal - From TV channels to online degrees, govt pushes for e-learning - livemint.com - city New Delhi

17.05.2020 / 22:45

From TV channels to online degrees, govt pushes for e-learning

NEW DELHI : A dozen television channels dedicated to teaching school curriculums and 100 universities offering online degree courses from the end of May form the backbone of a government push for e-learning unveiled on Sunday.

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Nirmala Sitharaman - States displeased with Centre over conditions on borrowing - livemint.com

17.05.2020 / 22:45

States displeased with Centre over conditions on borrowing

The government’s decision to raise borrowing limits for states for the current fiscal from 3% of gross state domestic product (GSDP) to 5% has led to a clear political divide between the Bharatiya Janata Party (BJP)-and Opposition-ruled state governments over conditionalities.

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Nirmala Sitharaman - Centre expands social safety net programme - livemint.com - city New Delhi - county Union

17.05.2020 / 22:25

Centre expands social safety net programme

NEW DELHI : The Union government on Sunday injected an extra ₹40,000 crore into the national rural jobs programme, extending a helping hand to millions of rural poor, as well as urban migrant workers returning to villages.

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Nirmala Sitharaman - Lack of robust stimulus may fail to lift economy - livemint.com

17.05.2020 / 21:51

Lack of robust stimulus may fail to lift economy

The centre’s stimulus package may have an impact of only 1-1.5% of gross domestic product (GDP) on the exchequer, with the government relying more on liquidity support measures. With the government further extending the lockdown till 31 May to curb the coronavirus pandemic, the lack of substantial demand stimulus may deepen the economic downturn in the short run.

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Nirmala Sitharaman - Opinion | The Centre could yet play spender-in-chief - livemint.com - India

17.05.2020 / 21:00

Opinion | The Centre could yet play spender-in-chief

Its slew of sectoral reforms and enhanced allocations are good news. It should grant itself greater fiscal leeway, though, to spur demand and thus give our economy an instant boost

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Nirmala Sitharaman - ₹15,000 crore for health related measures’: Sitharaman - livemint.com

17.05.2020 / 15:13

₹15,000 crore for health related measures’: Sitharaman

Finance Minister Nirmala Sitharaman announced the ... moreFinance Minister Nirmala Sitharaman announced the final tranche of the economic package.

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Nirmala Sitharaman - Proposed IBC changes to benefit small businesses, resolutions to see a dip - livemint.com - city Mumbai

17.05.2020 / 11:35

Proposed IBC changes to benefit small businesses, resolutions to see a dip

MUMBAI: The Centre's move to increase the threshold for filing insolvency applications and a special resolution framework for small businesses will give some breathing room to the micro, small and medium enterprises (MSMEs) but resolution of stressed assets will take a beating.

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Nirmala Sitharaman - Top-100 universities permitted to start online courses automatically by 30 May: Sitharaman - livemint.com - city New Delhi - India

17.05.2020 / 11:29

Top-100 universities permitted to start online courses automatically by 30 May: Sitharaman

NEW DELHI : Finance Minister Nirmala Sitharaman on Sunday pushed for promotion of digital-education in India in a post-coronavirus era and announced 'PM eVIDYA' programme for multi-mode access to e-education under which top 100 universities would be permitted to start online courses by May 30.

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Nirmala Sitharaman - Covid-19 package: Govt to set up public health laboratories at block levels - livemint.com - city New Delhi - India

17.05.2020 / 10:55

Covid-19 package: Govt to set up public health laboratories at block levels

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday announced setting up of public health laboratories at block levels, a move that will boost testing facilities in rural India.

Nirmala Sitharaman city New Delhi India covid-19 pandemic Government

Nirmala Sitharaman - From strategic PSUs privatisation to 'one class one channel' for students, 8 highlights from FM's presser - livemint.com

17.05.2020 / 10:55

From strategic PSUs privatisation to 'one class one channel' for students, 8 highlights from FM's presser

The last tranche focused on steps to boost the Atma Nirabhr mission, included MGNREGA, healthcare and education, businesses, de-criminalisation of the Companies Act, ease of doing business, public sector undertakings, and resources related to state government.

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Nirmala Sitharaman - ₹20 trillion stimulus: Govt to privatise public sector entities - livemint.com - city New Delhi - India

17.05.2020 / 10:29

₹20 trillion stimulus: Govt to privatise public sector entities

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday announced a new public sector enterprise (PSE) policy under which there will be at least one such entity each in strategic sectors while those in non-strategic sectors will be privatised.

Nirmala Sitharaman city New Delhi India covid-19 pandemic Government

Nirmala Sitharaman - FM pushes for e-learning – from dedicated TV channels to online degrees - livemint.com - city New Delhi - India

17.05.2020 / 10:29

FM pushes for e-learning – from dedicated TV channels to online degrees

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday pushed for promotion of e-learning in a post covid-19 India and said there will be dedicated TV channels for each school class and permission would be granted to 100 top universities to start online degrees.

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Nirmala Sitharaman - Public sector enterprises in non-strategic sectors to be privatised - livemint.com

17.05.2020 / 10:25

Public sector enterprises in non-strategic sectors to be privatised

Finance Minister Nirmala Sitharaman today said the government will privatise public sector units or public sector enterprises (PSEs) in non-strategic sectors. A list of strategic sectors will also be announced in which only one to four public sector enterprises will remain, the finance minister said, as part of a slew of measures to kickstart the economy.

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Nirmala Sitharaman - Govt allows direct overseas listing of securities by Indian public companies - livemint.com - India

17.05.2020 / 10:25

Govt allows direct overseas listing of securities by Indian public companies

To further enhance the Ease of Doing business, Finance Minister Nirmala Sitharaman today said that the government will allow direct listing of securities by Indian public companies in permissible foreign jurisdictions. Private companies which list NCDs on stock exchanges not to be regarded as listed companies.

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Nirmala Sitharaman - Jan Dhan - DBT played crucial role in implementing PM Garib Kalyan Yojana, says Sitharaman - livemint.com - city New Delhi

17.05.2020 / 10:25

DBT played crucial role in implementing PM Garib Kalyan Yojana, says Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday said the government’s technology-driven direct benefit transfer (DBT) has been crucial in implementing PM Garib Kalyan Yojana that was rolled out to provide relief to the poor and vulnerable amid the covid-19 crisis.

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Nirmala Sitharaman - Covid-19 relief package: India to suspend bankruptcy code for one year - livemint.com - city New Delhi - India

17.05.2020 / 10:25

Covid-19 relief package: India to suspend bankruptcy code for one year

NEW DELHI: India will suspend bankruptcy proceedings for one year so that companies are not dragged into tribunals at a time they are trying to get back on their feet, finance minister Nirmala Sitharaman said on Sunday.

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Nirmala Sitharaman - 'One channel for one class', FM announces help for students who don't have internet access - livemint.com

17.05.2020 / 09:37

'One channel for one class', FM announces help for students who don't have internet access

Sitharaman also announced that provisions are being made for telecast of live interactive sessions for online education.

Nirmala Sitharaman covid-19 Government crisis

Nirmala Sitharaman - ₹40,000 crore for rural job plan - livemint.com

17.05.2020 / 09:37

₹40,000 crore for rural job plan

Finance Minister Nirmala Sitharaman today said that the government will allocate additional ₹40,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). This is in addition to the ₹61,500 crore announced in Budget 2020.

Nirmala Sitharaman covid-19 2020 Government crisis

Nirmala Sitharaman - EPF withdrawal: 12 lakh EPFO subscribers opt for special coronavirus scheme - livemint.com

17.05.2020 / 09:13

EPF withdrawal: 12 lakh EPFO subscribers opt for special coronavirus scheme

Under the coronavirus special EPF withdrawal scheme, about 12 lakh employees have availed this scheme and about ₹3,600 crore has been disbursed so far by the EPFO. This was disclosed by Finance Minister Nirmala Sitharaman said.

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Nirmala Sitharaman - Stimulus: 5th tranche focusses on MGNREGA, health, education, businesses - livemint.com - city New Delhi

17.05.2020 / 09:13

Stimulus: 5th tranche focusses on MGNREGA, health, education, businesses

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday said a series of measures focussing on rural jobs, health, education and support to states and businesses are part of the last tranche of the ₹20 trillion economic package announced to mitigate the impact of the covid-19 pandemic and the resultant lockdown.

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Nirmala Sitharaman - ₹20 trillion economic package today - livemint.com - city New Delhi

17.05.2020 / 06:49

₹20 trillion economic package today

Sitharaman will announce the last tranche of ₹20 lakh crore stimulus package at 11 am today

Nirmala Sitharaman city New Delhi covid-19 Government crisis

Nirmala Sitharaman - Industry hails structural reforms, but says liquidity boost needed - livemint.com

16.05.2020 / 20:35

Industry hails structural reforms, but says liquidity boost needed

In big-bang reform measures, Centre has decided to raise the limit for FDI for defence manufacturing from 49 to 74% under the automatic route and has also allowed commercial mining of coal, whereby any party can bid for coal block and sell it in the open market

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Narendra Modi - Nirmala Sitharaman - Fourth tranche of economic package will boost job opportunities: Narendra Modi - livemint.com - city New Delhi

16.05.2020 / 18:29

Fourth tranche of economic package will boost job opportunities: Narendra Modi

NEW DELHI : The economic measures announced by his government on Saturday will create many business opportunities and contribute to economic transformation, Prime Minister Narendra Modi said.

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Nirmala Sitharaman - Govt raises FDI limit in defence production to 74% from 49% - livemint.com - city New Delhi - India

16.05.2020 / 15:11

Govt raises FDI limit in defence production to 74% from 49%

NEW DELHI : The government on Saturday announced a slew of measures to promote indigenisation of defence production under its 'Make in India' initiative, including raising the foreign direct investment (FDI) cap from 49% to 74% via the automatic route.

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Nirmala Sitharaman - Union territories power discoms to be privatised: Nirmala Sitharaman - livemint.com - India - county Union

16.05.2020 / 15:11

Union territories power discoms to be privatised: Nirmala Sitharaman

'It will lead to better services to consumers and improvement in operational and financial efficiency in distribution,' FM Nirmala Sitharaman said

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Nirmala Sitharaman - 6 airports to be auctioned under public private partnership model: Nirmala Sitharaman - livemint.com - India

16.05.2020 / 15:11

6 airports to be auctioned under public private partnership model: Nirmala Sitharaman

Restrictions on the utilisation of Indian air space will be eased so that civilian flying becomes more efficient, Finance Minister Nirmala Sitharaman today said while announcing details of the ₹20 lakh crore stimulus package. "This will bring a total benefit of ₹1,000 crore per year for the aviation sector," Nirmala Sitharaman said.

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Nirmala Sitharaman - Govt announces slew of measures for indigenization of defence production - livemint.com - India

16.05.2020 / 15:11

Govt announces slew of measures for indigenization of defence production

FM Nirmala Sitharaman said the government would also put out a list of weapons and platforms that would only be purchased from the domestic industries and not from foreign vendors

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Nirmala Sitharaman - FDI limit in defence manufacturing under automatic route hiked - livemint.com - India

16.05.2020 / 14:21

FDI limit in defence manufacturing under automatic route hiked

In the fourth tranche of economic stimulus, Finance Minister Nirmala Sitharaman today focused on eight sectors including defence production, saying that foreign direct investment limit in defence manufacturing under automatic route is being raised from 49% to 74%. This will be subject to security clearance, the finance minister said.

Nirmala Sitharaman India covid-19 Government crisis

Nirmala Sitharaman - Govt ends monopoly over coal, allows commercial mining on revenue-sharing basis - livemint.com - India

16.05.2020 / 14:21

Govt ends monopoly over coal, allows commercial mining on revenue-sharing basis

While asserting that many sectors need "policy simplification and structural reforms", Finance Minister Nirmala Sitharaman on Saturday announced the fourth tranche of ₹20 lakh crore economic stimulus. She said structural reforms will be the focus of fourth tranche of economic stimulus package with an aim to boost growth, create jobs.

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Narendra Modi - Nirmala Sitharaman - Rahul Gandhi - Nirmala Sitharaman LIVE Updates: FM to release 4th part of economic package - livemint.com - city New Delhi - India

16.05.2020 / 13:31

Nirmala Sitharaman LIVE Updates: FM to release 4th part of economic package

NEW DELHI : After having announced economic package and relief measures for farmers, migrant labourers, MSMEs, SMEs, NBFCs, MFIs and other categories, Finance Minister Nirmala Sitharaman will release the fourth tranche of her ₹20 lakh crore economic package today. As announced the Prime Minister Narendra Modi earlier, the stimulus to revive the Indian economy hit by coronavirus is being released in several tranches. Equivalent to 10% of India's GDP, the economic package includes both fiscal and liquidity measures to make India self-reliant under the 'Aatmanirbhar Abhiyan'.

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Nirmala Sitharaman - TDS rate cut on salaries would have increased tax compliance burden: Official - livemint.com - city New Delhi

15.05.2020 / 11:11

TDS rate cut on salaries would have increased tax compliance burden: Official

NEW DELHI : To improve liquidity in the hands of taxpayers, finance minister Nirmala Sitharaman has reduced rate of tax deducted at source (TDS) and tax collected at source (TCS) by 25% but salaries have been kept out of the purview of relief.

Nirmala Sitharaman city New Delhi covid-19 pandemic

Narendra Modi - Nirmala Sitharaman - 'One nation, one ration card' scheme explained in 10 points - livemint.com

15.05.2020 / 10:01

'One nation, one ration card' scheme explained in 10 points

'One nation, one ration card' scheme: Addressing the nation on the ₹20 lakh crore Covid-19 relief package announced by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman yesterday said national portability will be achieved in the 'one nation, one ration card' scheme by March 2021 across the country. "This will be implemented by August for 67 crore beneficiaries in 23 states. 67 crore is 83% of the entire PDS system," she added.

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Nirmala Sitharaman - Migrants to get cheap housing, universal ration - livemint.com - India

14.05.2020 / 22:55

Migrants to get cheap housing, universal ration

The Centre made the use of ration cards portable, allowing migrants to use them at any fair price shop in the country

Nirmala Sitharaman India covid-19 pandemic economy Government

Narendra Modi - Nirmala Sitharaman - Housing boost for middle class, migrants: Govt stimulus amid Covid crisis - livemint.com

14.05.2020 / 22:35

Housing boost for middle class, migrants: Govt stimulus amid Covid crisis

Union finance minister Nirmala Sitharaman revealed...

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Nirmala Sitharaman - ₹30,000 crore emergency fund for farmers - livemint.com

14.05.2020 / 22:35

₹30,000 crore emergency fund for farmers

Finance minister Nirmala Sitharaman on Thursday announced measures to provide credit and relief to lockdown-hit farmers, including a ₹2 trillion credit scheme that will cover 25 million farmers who do not have Kisan Credit Cards and ₹30,000 crore in additional emergency working capital funding through National Bank For Agriculture and Rural Development. Toward this, the government will begin a special drive to provide concessional credit to beneficiaries of the income support scheme PM-Kisan through Kisan Credit Cards.

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Nirmala Sitharaman - Rate cut for Mudra Shishu loans - livemint.com - city New Delhi

14.05.2020 / 22:33

Rate cut for Mudra Shishu loans

NEW DELHI : Finance minister Nirmala Sitharaman on Thursday said the government will offer 2% interest rate subvention for a period of 12 months to prompt loan payees under the Mudra scheme.

Nirmala Sitharaman city New Delhi covid-19 economy Government

Narendra Modi - Nirmala Sitharaman - Close to 24 mn enrolled in rural job scheme since lockdown: FM - livemint.com - city New Delhi

14.05.2020 / 21:18

Close to 24 mn enrolled in rural job scheme since lockdown: FM

NEW DELHI : Nearly 24 million job seekers in rural areas were enrolled for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) so far since the lockdown was announced, finance minister Nirmala Sitharaman said on Thursday.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
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Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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