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COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

31.05 - 11:57

N.B. Liberals clash with government over lack of stimulus spending

31.05 - 00:45

Opinion | The question of whether India's economic stimulus is adequate

28.05 - 20:33

Lack of launches may slow Torrent Pharmaceuticals growth rates

27.05 - 10:17

Covid-19 situation to dictate future fiscal policy actions to revive economy: FM

23.05 - 16:23

We compared announcements made by different countries before us: FM on Stimulus

23.05 - 14:39

Lack of robust stimulus may fail to lift economy

Nirmala Sitharaman pandemic economy Government Coronavirus

17.05.2020 - 21:51

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livemint.com:

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.

Finance minister Nirmala Sitharaman on Sunday announced the fifth and last tranche of measures with a ₹40,000 crore increase in allocation for the rural jobs scheme.

With earlier announcements by the government, including the ₹1.7 trillion under Pradhan Mantri Garib Kalyan Yojana, most analysts put the total fiscal impact between ₹2-3 trillion in FY21.

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Nirmala Sitharaman - KV Kamath demits office as the president of NDB - livemint.com - China - India - Russia - South Africa - Brazil

27.05.2020 / 19:44

KV Kamath demits office as the president of NDB

Attending a special Board of Governors meeting through video conference on Wednesday, finance minister Nirmala Sitharaman appreciated Kamath’s work 'for his stellar stewardship in very quickly giving shape to the vision stated by the BRICS Leaders in 2014'

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Nirmala Sitharaman - Covid-19 situation to dictate future fiscal policy actions to revive economy: FM - livemint.com - city New Delhi

23.05.2020 / 16:23

Covid-19 situation to dictate future fiscal policy actions to revive economy: FM

Nirmala Sitharaman says making a 'realistic assessment' of economic growth would be difficult at this point of time as there is no clarity on when the pandemic would retreat

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Nirmala Sitharaman - We compared announcements made by different countries before us: FM on Stimulus - livemint.com - India

23.05.2020 / 14:39

We compared announcements made by different countries before us: FM on Stimulus

Finance Minister Nirmala Sitharaman on Saturday said the Finance Ministry compared every announcement made by different countries before India to see what their stimulus package consisted of.

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Nirmala Sitharaman - Economic package: Banks to go all out in pushing MSME loans - livemint.com - India - city Mumbai

23.05.2020 / 13:17

Economic package: Banks to go all out in pushing MSME loans

MUMBAI : After finance minister Nirmala Sitharaman met heads of public sector banks on Friday, lenders said they plan to zealously implement the government’s plan for credit push to small businesses.

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Nirmala Sitharaman - FM reviews readiness of PSBs to implement stimulus package - livemint.com - city New Delhi - India

22.05.2020 / 21:33

FM reviews readiness of PSBs to implement stimulus package

PSBs have sanctioned ₹6.68 tn in loans to small biz, retail, agri and corporate sectors between 1 March and 19 May

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Nirmala Sitharaman - RBI on Covid-19: From inflation over growth to inflation and growth - livemint.com - city New Delhi - India

22.05.2020 / 11:15

RBI on Covid-19: From inflation over growth to inflation and growth

NEW DELHI : If there is one entity that has earned the respect of a very cynical and hard-to-please group of people – stock and bond dealers, people in the financial sector and economists – it is the Reserve Bank of India (RBI) under the governorship of Shantikata Das. The confident body language, the measured speech and the emphatic statements about doing what it takes to beat the economy back into shape are in stark contrast to a fumbling finance minister – Nirmala Sitharaman – whose body language largely based on unfamiliarity with financial market terms and concepts, does not instill the same sense of comfort and confidence that Das does.

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Nirmala Sitharaman - Shaktikanta Das - RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative - livemint.com - city New Delhi - India

22.05.2020 / 07:59

RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative

NEW DELHI : In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das is now holding a press conference. After the lockdown began, Das had slashed the benchmark interest rate (repo rate) by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown.

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Nirmala Sitharaman - NBFCs disappointed by stimulus package details, write to FM Sitharaman - livemint.com - India - city Mumbai

21.05.2020 / 16:15

NBFCs disappointed by stimulus package details, write to FM Sitharaman

In a letter sent to FM on Wednesday, FIDC, the representative body of NBFCs, has sought changes to the three liquidity schemes - ₹30,000 crore liquidity support scheme, ₹45,000 crore partial credit guarantee scheme and ₹3 lakh crore guaranteed loans for MSMEs

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Narendra Modi - Union Cabinet - Nirmala Sitharaman - FM Sitharaman to meet PSU bank chiefs tomorrow, to review credit flow - livemint.com - city New Delhi - India

21.05.2020 / 15:19

FM Sitharaman to meet PSU bank chiefs tomorrow, to review credit flow

NEW DELHI : Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Friday to discuss various issues, including loan disbursement, as part of efforts to revive the economy reeling under the COVID-19 impact, sources said.

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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.

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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 - Opinion | All our fiscal options should be kept open - livemint.com - India

20.05.2020 / 20:15

Opinion | All our fiscal options should be kept open

Finance minister Nirmala Sitharaman’s hints of further financial relief should lift the spirits of India Inc. Policy flexibility will serve the larger interests of the Indian economy

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Nirmala Sitharaman - ₹3 trillion funding scheme for MSMEs - livemint.com - India

20.05.2020 / 16:10

₹3 trillion funding scheme for MSMEs

The Union Cabinet on Wednesday approved the ₹3 trillion emergency credit guarantee scheme for non-banking financial companies (NBFCs) and micro, small and medium enterprises (MSMEs).

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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.

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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 - 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 - Opinion | Govt uses virus crisis to push basic reforms - livemint.com

17.05.2020 / 23:21

Opinion | Govt uses virus crisis to push basic reforms

There is an emphasis on enhancing the quantum of inward investments

Nirmala Sitharaman virus economy Government crisis

Nirmala Sitharaman - Government announces final tranche of measures, leaves India Inc in a spot - livemint.com - India

17.05.2020 / 22:25

Government announces final tranche of measures, leaves India Inc in a spot

The government’s much-hyped ₹20-trillion fiscal package disappointed companies who were expecting big-bang stimulus measures to revive the economy that has remained almost idle for most of the past two months, leaving stock markets vulnerable to a swift pullback.

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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

Nirmala Sitharaman India covid-19 economy Government crisis

Nirmala Sitharaman - Borrowers avoid fresh debt despite Centre’s push for credit flow - livemint.com - India

17.05.2020 / 20:59

Borrowers avoid fresh debt despite Centre’s push for credit flow

Comparison between FinMin’s loan sanction data and RBI’s credit flow data shows divergence of over ₹4 trillion

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Nirmala Sitharaman - Consumer goods firms pin hopes on more funds for rural jobs scheme - livemint.com - city New Delhi - India

17.05.2020 / 16:11

Consumer goods firms pin hopes on more funds for rural jobs scheme

NEW DELHI: The Centre's move to allocate additional funds to the rural jobs programme could help provide a cushion to rural demand that is expected to sink further as the pandemic wreaks havoc with rural wages and renders millions of migrants without jobs.

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Nirmala Sitharaman - Sitharaman’s day 5 steps: higher MNREGS outgo; privatization; no fresh IBC case - livemint.com - city New Delhi

17.05.2020 / 15:12

Sitharaman’s day 5 steps: higher MNREGS outgo; privatization; no fresh IBC case

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday concluded the 5-day-long series of announcements on the Rs20 trillion financial package that the government hopes will revive the covid-struck economy. Built on the pillars of land, labour, liquidity and laws, today’s package is aimed at increasing government spending on rural jobs; privatizing government companies while ensuring former have a role in strategic sectors; scrapping or rewriting laws for a more business-friendly environment and removing fear of law among firms facing bankruptcy due to covid.

Nirmala Sitharaman city New Delhi economy Government crisis

Nirmala Sitharaman - Covid-19: Privatisation may lead to public airports being sold below fair value - livemint.com - India - city Mumbai

17.05.2020 / 12:57

Covid-19: Privatisation may lead to public airports being sold below fair value

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.

Nirmala Sitharaman India city Mumbai covid-19 experts pandemic Government

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 - ₹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 - 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 raises MGNREGA budget; relaxes IBC, Companies Act norms to protect firms - livemint.com

17.05.2020 / 09:37

Govt raises MGNREGA budget; relaxes IBC, Companies Act norms to protect firms

Concluding the 5-day announcements of the government's Rs20 trillion financial package of liquidity and reforms to restore the health of the covid-struck economy, Finance Minister Nirmala Sitharaman on Sunday said the government would spend Rs1 trillion on Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA). This is Rs40,000 crore than the amount originally planned to spend in FY21.

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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.

Nirmala Sitharaman covid-19 Government Coronavirus

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.

Nirmala Sitharaman city New Delhi covid-19 pandemic Government

Narendra Modi - Nirmala Sitharaman - Nirmala Sitharaman LIVE: Economic package finale keeps everyone guessing - livemint.com - city New Delhi - India

17.05.2020 / 08:21

Nirmala Sitharaman LIVE: Economic package finale keeps everyone guessing

NEW DELHI : Finance minister Nirmala Sitharaman is expected to make some key announcements today as she addresses the fifth and last press conference on the ₹20 lakh crore economic package announced by Prime Minister Narendra Modi earlier. To revive the Indian economy hit by the impact of coronavirus, the Modi government has decided to make India 'self-reliant' with a combination of several reforms, fiscal and liquidity measures. PM Modi has said that the measures and reforms will create many business opportunities and contribute to economic transformation.

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Nirmala Sitharaman - Private sector to be co-traveller in India’s space journey, says government - livemint.com - India

16.05.2020 / 16:45

Private sector to be co-traveller in India’s space journey, says government

As India plans to rejig the economy in wake of the distress caused by the ongoing pandemic, the government said, it is looking to boost private participation in its space sector

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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 - 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 - Govt announces reforms for coal, aviation, minerals, defence production sectors - livemint.com - city New Delhi - India

16.05.2020 / 14:21

Govt announces reforms for coal, aviation, minerals, defence production sectors

NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced reform measures for civil aviation, coal, minerals, defence output, electricity distribution, and atomic energy sectors.

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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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Narendra Modi - Nirmala Sitharaman - Rahul Gandhi - Govt must rethink economic package, give money directly to needy: Rahul Gandhi - livemint.com

16.05.2020 / 11:49

Govt must rethink economic package, give money directly to needy: Rahul Gandhi

Former Congress president Rahul Gandhi on Saturday said the government should rework on the ₹20 trillion economic stimulus package, announced to mitigate the damage caused by the coronavirus pandemic, by giving money directly to people to spur demand instead of focusing on a loan-centric approach.

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Narendra Modi - Nirmala Sitharaman - FM Nirmala Sitharaman unveils scheme to take local produce to global markets - livemint.com - city New Delhi

15.05.2020 / 21:53

FM Nirmala Sitharaman unveils scheme to take local produce to global markets

NEW DELHI : Finance minister Nirmala Sitharaman on Friday unveiled a ₹10,000-crore scheme to support local micro food enterprises to go global.

Narendra Modi Nirmala Sitharaman city New Delhi economy Government

Nirmala Sitharaman - FMCG companies welcome FM's package for the farm sector - livemint.com - city New Delhi - India

15.05.2020 / 18:25

FMCG companies welcome FM's package for the farm sector

New Delhi: Fast moving consumer goods companies on Friday welcomed the government's third tranche of the economic relief package aimed at supporting and reforming the farm sector, as well as developing infrastructure to support India's agriculture sector.

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Narendra Modi - Nirmala Sitharaman - ₹1 lakh crore fund for agri infrastructure - livemint.com

15.05.2020 / 14:46

₹1 lakh crore fund for agri infrastructure

Finance Minister Nirmala Sitharaman today rolled out the third instalment of the ₹20 lakh crore economic stimulus announced by Prime Minister Narendra Modi, offering funds to improve farm infrastructure and logistics in the agriculture sector. The package would focus on infrastructure and building capacities in the agriculture and allied activities, Sitharaman said.

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Narendra Modi - Nirmala Sitharaman - Nirmala Sitharaman LIVE Updates: FM announces economic package for agriculture - livemint.com - city New Delhi - India

15.05.2020 / 13:53

Nirmala Sitharaman LIVE Updates: FM announces economic package for agriculture

NEW DELHI : Finance Minister Nirmala Sitharaman is releasing the third tranche of the ₹20 lakh crore economic package today with a focus on agriculture, fisheries and allied activities. In the previous two parts of the package, FM's focus was on MSMEs, NBFCs, MFIs, migrant workers, street vendors and small farmers. Prime Minister Narendra Modi has declared that the package is aimed at making India self-reliant. He has also hinted at bringing in several reforms to revive the Indian economy hit by the nationwide spread of the contagious coronavirus disease and the prolonged lockdown.

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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 - 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

Nirmala Sitharaman - Economic package a hoax, govt failed to send foodgrains it had promised: Mamata Banerjee - livemint.com - city Kolkata

14.05.2020 / 20:57

Economic package a hoax, govt failed to send foodgrains it had promised: Mamata Banerjee

KOLKATA : The TMC on Thursday dubbed the announcements made by Union Finance Minister Nirmala Sitharaman as a hoax and said the Centre had failed to provide West Bengal with the foodgrains it had promised or had sent those of inferior quality.

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Nirmala Sitharaman - ₹5,000 crore special credit facility, says FM Sitharaman - livemint.com - city New Delhi - India

14.05.2020 / 15:34

₹5,000 crore special credit facility, says FM Sitharaman

NEW DELHI : Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of ₹20 trillion economic stimulus packages to reboot in the Indian economy hit coronavirus pandemic. The finance minister’s today stimulus packages aimed at helping thousands of street vendors, migrant workers, small traders, the self-employed and small farmers worst hit by COVID-19.

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Nirmala Sitharaman - ₹20 trln package: Free food grains to 80 mln migrant workers for two months - livemint.com - city New Delhi

14.05.2020 / 15:30

₹20 trln package: Free food grains to 80 mln migrant workers for two months

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said about 80 million migrant workers, not covered under central or state food distribution systems, will be given free rice, wheat and gram or chickpea for the next two months. The measure will cost the central government ₹3,500 crores.

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Narendra Modi - Nirmala Sitharaman - ₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors - livemint.com

14.05.2020 / 15:29

₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors

Finance minister Nirmala Sitharaman on Thursday announced a ₹5,000 crore special credit facility for street vendors.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
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

Detail statistic

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