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

Nirmala Sitharaman India economy Government crisis

18.05.2020 - 12:49

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livemint.com:

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).

The first announcement towards more efficient utilization of airspace will benefit the whole sector by reducing fuel use and air time taken by flights and will help in marginally reducing the flying cost.

This will additionally have a positive impact on the environment. The second announcement, focusing on creating world class airports through Public-Private Partnership (PPP) basis, is a welcome move

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Nirmala Sitharaman - Lockdown concerns: Restaurant association meets Nirmala Sitharaman - livemint.com - city New Delhi - India

22.05.2020 / 11:15

Lockdown concerns: Restaurant association meets Nirmala Sitharaman

NEW DELHI: As the restaurant industry stares at significant job losses amid a slump in business due to the covid-19 lockdown and after the government's stimulus package offered little relief to the sector, the National Restaurant Association of India (NRAI) met finance minister Nirmala Sitharaman to seek policy and liquidity support.

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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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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

Nirmala Sitharaman India hospital economy Government crisis

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 - ₹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 - India steps on the gas for coal mining - livemint.com - city New Delhi - India

20.05.2020 / 14:03

India steps on the gas for coal mining

NEW DELHI: As part of India’ strategy to revive economic activity, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a new auction process for awarding coal and lignite blocks on revenue sharing basis.

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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 - Why private coal mining will not help stressed power plants - livemint.com - India - city Mumbai

19.05.2020 / 08:03

Why private coal mining will not help stressed power plants

MUMBAI : Finance Minister Nirmala Sitharaman’s announcements over the weekend to allow commercial mining in India’s coal production and remove the government monopoly is unlikely to provide an immediate relief to stressed thermal power companies even as they benefit from improved coal linkages in the long run.

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Nirmala Sitharaman - Opinion | Solutions for the jigsaw puzzle that is Indian agriculture - livemint.com - India

18.05.2020 / 21:37

Opinion | Solutions for the jigsaw puzzle that is Indian agriculture

There are many stylized facts that illustrate the shackles around Indian agriculture. Local solutions need to emerge, and the Centre should undo the shackles

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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 - 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 - PM e-VIDYA initiative to bring more opportunities for ed-tech startups - livemint.com - city Mumbai

18.05.2020 / 07:59

PM e-VIDYA initiative to bring more opportunities for ed-tech startups

MUMBAI : Finance Minister Nirmala Sitharaman on Sunday announced the immediate launch 'Pradhan Mantri e-VIDYA' initiative for digital education, which is likely to boost already high interest in the ed-tech startups, given the extended at-home learning requirements that the industry is catering to.

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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 - Bankruptcy code put on hold for one year - livemint.com - India

17.05.2020 / 23:10

Bankruptcy code put on hold for one year

Provisions will be made to exclude all virus-related debt from defaults covered under the IBC, the government said

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Nirmala Sitharaman - Centre plans labs in every block - livemint.com - city New Delhi - India

17.05.2020 / 23:09

Centre plans labs in every block

NEW DELHI : The Centre will set up public laboratories at every block to increase testing capacity at the grass-roots, as part of its plans to ramp up India’s health infrastructure to address health emergencies.

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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 - 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 - 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

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 - Travel and tourism industry in shock with no relief measures from govt - livemint.com

17.05.2020 / 16:59

Travel and tourism industry in shock with no relief measures from govt

The sector was expecting relief measures as a part of government ₹20 lakh crore package which is aimed to build economy and support industries which are badly hit by the pandemic

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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 - Opinion | Keeping IBC in abeyance a pregnant pause, needs to be handled gently - livemint.com

17.05.2020 / 15:13

Opinion | Keeping IBC in abeyance a pregnant pause, needs to be handled gently

The one announcement of the Finance Minister Nirmala Sitharaman on Sunday that catches the eye for its focus on micro, small and medium enterprises (MSMEs) is “Further enhancement of ease of doing business through IBC related matters".

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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 - 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.

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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.

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Nirmala Sitharaman - ₹21 trillion - livemint.com - city New Delhi

17.05.2020 / 12:49

NEW DELHI: Increased funding under the marquee Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), exclusion of debt default due to coronavirus pandemic under the Insolvency and Bankruptcy Code (IBC) and reform linked jump in states’ borrowing limits were some of the focus areas of the fifth tranche of stimulus announced on Sunday.

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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 - 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 - '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 - 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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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

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