Photo Credit: RSTV

Loans given to Tom, Dick, Harry, Jija, Bhatija during UPA-II: FM

New Delhi: Commercial banks gave loans to every Tom, Dick, Harry, ‘Jija’ (brother-in-law) and ‘Bhatija’ (nephew) during the UPA-II regime, leaving a huge burden on the next government, Union Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Thursday. Replying to members on the Taxation Laws (Amendment) Bill, 2019, the minister said that the previous […]

Indian-origin MIT professor Abhijit Banerjee (File Photo/Facebook)

‘Nirmala Sitharaman was my contemporary in JNU’: Abhijit Banerjee

New Delhi: Nobel laureate Abhijit Banerjee has said that Finance Minister Nirmala Sitharaman was his contemporary in Jawaharlal Nehru University (JNU) and the both stood on “similar” lines on “certain” issues during their academic years in the university. Speaking in a television interview, he said that it was not as if the two had deep disagreements. […]

Congress spokesperson Manish Tewari (File Photo/IANS)

‘BJP’s majoritarianism crippled Indian economy’

New Delhi: Taking cue from an article by Finance Minister’s husband in a newspaper, the Congress on Tuesday launched a scathing attack on the Modi government over the state of the Indian economy. The party asserted that P. Prabhakar, Nirmala Sitharaman’s husband, is a senior economist and his views are based on facts. Congress spokesperson […]

Finance Minister Nirmala Sitharaman (File Photo: IANS)

Open critique by FM spouse brings smile to Cong, leaves BJP red-faced

New Delhi: A scathing article on the state of economy by none other than Finance Minister Nirmala Sitharaman’s husband has turned out to be the political hot potato, all the more so, as it came ahead of two Assembly elections just a week away. Finance Minister Nirmala Sitharaman’s husband Parakala Prabhakar in an article in […]

Finance Minister Nirmala Sitharaman (File Photo/IANS)

FM takes up PMC Bank customers’ issues with RBI Governor

New Delhi: Finance Minister Nirmala Sitharaman has raised the worries of the Punjab and Maharashtra Cooperative (PMC) Bank customers about their money with Reserve Bank of India (RBI) Governor Shaktikanta Das. “Spoken to governor RBI on the PMCBank matter. He assured me that clients & their concerns will be kept on top priority. I wish […]

Photo: Twitter@nsitharamanoffc

Will make amendments if they help in better regulation: FM Sitharaman

Mumbai: Facing flak from several quarters on the PMC Bank fraud case, Finance Minister Nirmala Sitharaman on Thursday said that if amendments help in better regulation, the Centre would go ahead with the required legislative procedure. Speaking to reporters at the BJP office here, Sitharaman said that she would meet the Reserve Bank of India […]

Finance Minister Nirmala Sitharaman (Photo: IANS/File)

FM announces tax bonanza for corporates, exchequer to take Rs 1.45L cr hit

New Delhi: In a major bonanza for corporates as part of measures to promote growth and investment, Finance Minister Nirmala Sitharaman on Friday announced to slash corporate tax rate to 22 per cent for domestic companies and 15 per cent for new domestic manufacturing companies, besides other fiscal reliefs. The effective tax rate for these companies […]

Finance Minister Nirmala Sitharaman (Photo: IANS)

Govt sets up Rs 10,000 cr fund for housing projects

New Delhi: With a focus on completing construction of unfinished units, the government on Saturday opened a special window of Rs 10,000 crore fund to provide last mile funding for housing projects which are non-NPA and non-NCLT and are net worth positive in affordable and middle income category. The government will also relax the ECB […]

File Photo/IANS

#SayItLikeNirmalaTai trends as Finance Minister blames millennials for auto downturn

New Delhi: After Finance Minister Nirmala Sitharaman blamed the mindset of millennials for adversely affecting the automobile industry, hashtags like #BoycottMillenialls and #SayItLikeNirmalaTai have thrown up thousands of tweets. “The automobile and components industry has been affected by BS6 and the mindsets of millennial, who now prefer to have Ola and Uber rather than committing […]