Finance Minister

"Justified Worries...": Finance Minister Speaks To RBI Chief On PMC Bank

India News | Edited By Debanish Achom | Saturday October 12, 2019

Finance Minister Nirmala Sitharaman today reached out to customers of the troubled Punjab and Maharashtra Cooperative (PMC) Bank amid concerns over long-term freeze on withdrawing funds from the bank. The Reserve Bank of India (RBI) - following demands from angry PMC Bank customers - had thrice raised withdrawal limit from Rs 1,000 to Rs 10,000 to ...

"Chennai Connect Starts New Chapter In Our Ties": PM Modi At Meet With Xi - 10 Points

India News | Reported by Nidhi Razdan, Edited by Shylaja Varma | Sunday October 13, 2019

India and China have decided to start a new chapter in their cooperation with the "Chennai Connect", Prime Minister Narendra Modi said on Saturday after a second round of informal talks with Chinese President Xi Jinping. The Chinese President invited him for another round of talks in China and said the future leaders of both nations should carry fo...

"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event

India News | Edited by Jimmy Jacob | Friday October 11, 2019

Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.

Britain To Mark Mahatma Gandhi's 1931 Visit With Commemorative Coin

India News | Agence France-Presse | Friday October 11, 2019

Britain will commission a commemorative coin to mark the 90th anniversary of the final visit by Indian independence hero Mahatma Gandhi, its finance minister announced Thursday.

"What Is Wrong?": Nirmala Sitharaman Defends Rajnath Singh's 'Shastra Puja'

India News | Edited by Anuj Pant | Friday October 11, 2019

After Defence Minister Rajnath Singh came under fire on social media for conducting "shastra puja" on India's first Rafale jet, he found an ally on colleague Union Finance Minister Nirmala Sitharaman, who said that "those who had faith had the right" to conduct rituals.

PMC Bank Depositors Meet Finance Minister Nirmala Sitharaman

Business | Reported by Purva Chitnis | Friday October 11, 2019

The PMC Bank fraud is estimated to be worth at least Rs 4,355 crore and could go up to as much as Rs 6,300 crore.

UK To Issue Commemorative Coin In Honour Of Mahatma Gandhi

India News | Press Trust of India | Friday October 11, 2019

The UK government will issue a commemorative coin to mark the 150th birthday anniversary of Mahatma Gandhi, British finance minister Sajid Javid said.

Probe Agency Moves Court Challenging Anticipatory Bail To P Chidambaram

India News | Press Trust of India | Friday October 11, 2019

The Enforcement Directorate approached the Delhi High Court Thursday seeking cancellation of anticipatory bail granted to former finance minister P Chidambaram and his son Karti in the Aircel-Maxis case, claiming that there is likelihood of tampering with the evidence.

Women's Panel Asks Home Ministry To Intervene In Murshidabad Killings

India News | Press Trust of India | Thursday October 10, 2019

The Enforcement Directorate (ED) Thursday approached the Delhi High Court seeking cancellation of anticipatory bail granted to former finance minister P Chidambaram and his son Karti in the Aircel-Maxis case.

Nirmala Sitharaman Says Sector-Specific Solutions Being Given To Fight Slowdown

India News | Press Trust of India | Thursday October 10, 2019

Finance Minister Nirmala Sitharaman today said the government is giving sector-specific solutions to fight the slowdown in economic growth. She, however, deflected a specific question on whether the government accepts if the country is in the midst of an economic slowdown.

Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief

India News | Reported by Purva Chitnis, Edited by Shylaja Varma | Thursday October 10, 2019

Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.

"Came For Dussehra": Karti Chidambaram Appears Before Probe Agency

India News | Reported by Arvind Gunasekar, Edited by Chandrashekar Srinivasan | Wednesday October 9, 2019

Karti Chidambaram, son of former Finance Minister P Chidambaram, who is in Delhi's Tihar Jail in connection with the Rs 305 crore INX Media case, appeared before the Enforcement Directorate this morning for questioning in the matter

Former Haryana Minister Sampat Singh Quits Congress, May Join BJP

India News | Press Trust of India | Monday October 7, 2019

Former Haryana Finance Minister and senior Congress leader Prof Sampat Singh on Monday resigned from the Congress alleging he has not been given his due in the party.

Telecom Vendors Ask Prasad to Make BSNL Pay Rs. 3,000 Crores Dues

Indo-Asian News Service | Monday October 7, 2019

TEMA letter cited Finance Minister Nirmala Sitharaman's recent direction asking government departments to clear outstanding dues.

Finance Ministry To Kick-Start Budgetary Exercise From October 14

Business | Press Trust of India | Sunday October 6, 2019

The Budget Estimates for 2020-21 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers.