President Ram Nath Kovind addressed the fourth annual convocation of Jawaharlal Nehru University (JNU) on Wednesday via video message and praised the University for producing many eminent personalities. He told students that they had the privilege of being part of one of the most diverse, vibrant and intellectual communities and …
Read More »West Bengal Finance Minister writes to Nirmala Sitharaman, seeks GST council meeting
Amit Mitra has written to Nirmala Sitharaman urging her to convene a meeting of the GST Council (Archive) Calcutta: West Bengal Finance Minister Amit Mitra has written to the Union Finance Minister Nirmala Sitharaman, urging her to convene a meeting of the GST Council to discuss the Center’s loans to …
Read More »The world now knows that India will not compromise its interests: Prime Minister Modi tells soldiers in Jaisalmer
By: Express Web Desk | New Delhi | Updated: November 14, 2020 12:09:57 pm Prime Minister Narendra Modi met with soldiers in Jaisalmer on Saturday. Prime Minister Narendra Modi interacted with soldiers in Rajasthan’s Jaisalmer on Saturday on the occasion of Diwali. For the past seven years, PM Modi has …
Read More »Atmanirbhar 3.0 last push before Budget? Key theme: stimulating demand instead of cash in hand
Written by P Vaidyanathan Iyer | New Delhi | Updated: November 13, 2020 7:56:41 am Union Finance Minister Nirmala Sitharaman in New Delhi on Thursday. (Express photo: Anil Sharma) Atmanirbhar Bharat 3.0 It may well be Finance Minister Nirmala Sitharaman’s last aid package ahead of the 2021-22 budget, but there …
Read More »Mega boost to ‘Housing for All’ – ₹ 18,000 crore allocated. Meaning
In a mega boost to the government’s ‘housing for all’ mission, Finance Minister Nirmala Sitharaman revealed on Thursday a ₹Additional outlay of 18,000 crore for the urban housing plan. This move will help finalize real estate projects and create new jobs. This will be above and above ₹8,000 crore is …
Read More »Government credit guarantee support for 26 stressed sectors
NEW DELHI: Finance Minister Niramala Sitharaman announced on Thursday an Emergency Credit Line 2.0 Guarantee (ECGLS) scheme for 26 stressed sectors, including energy, construction, real estate, iron and steel manufacturing. Identified by the KV Kamath committee, the entities of these 26 sectors, as well as the health sector, have outstanding …
Read More »Explained: Government measures to create jobs, boost stressed sectors, boost the sale of new homes
Written by Sunny Verma, Aanchal Magazine, Sandeep Singh, Edited by Explained Desk | New Delhi | Updated: November 12, 2020 10:33:00 pm Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi on November 12, 2020 (Twitter / @ FinMinIndia). The government on Thursday announced various measures boost …
Read More »Relief for Homeowners, Hiring Boost in Stimulus 3
To ease home buyers, the government on Thursday doubled the tax exemption limit on the price differential between the circular rate and the deal value to 20%, a key component of the new economic stimulus package of 2.65 crore which also includes easy working capital for loans to 26 sectors …
Read More »Third government stimulus could backfire on banks
Once again, the government has relied on financial intermediaries in India to give a third boost to the economy that is already on the way to recovery. The Atmanirbhar Bharat 3.0 package announced on Thursday had 12 measures focused on generating employment, boosting manufacturing activity, helping rural recovery and improving …
Read More »After the recession warning, the new government moves in the economy: 10 facts
Atmanirbhar Bharat 3.0 stimulus measures include additional funding for many sectors New Delhi: The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country would enter a recession with estimates of another quarterly contraction. The country’s economy has …
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