Finance Minister Nirmala Sitharaman will report to the media at 12:30 pm on Thursday. His speech comes a day after the government approved a Rs 2 lakh crore package of production-linked incentives (PLI) to boost demand in the country. To boost domestic manufacturing in the identified sectors, the Center authorized …
Read More »Nirmala Sitharaman will deliver a press conference today at 12:30 p.m.
Finance Minister Nirmala Sitharaman will deliver a press conference at 12.30 pm today. India plans to announce a new round of stimulus totaling approximately ₹Rs 1.5 crore lakh this week to help lift the economy out of its historic contraction, Reuters reported. The package would follow Wednesday’s previous announcement of …
Read More »Make in India plan gets a boost from the cabinet
The Union cabinet on Wednesday approved a proposal to offer as much as ₹1.45 trillion in incentives to persuade global companies in 10 sectors, including automobiles, drugs and textiles, to establish factories in India as they seek to diversify their supply chains amid tension between the United States and China. …
Read More »The center presents PLI to promote national manufacturing in 10 more sectors
Estimated disbursement of ₹ 1.46 crore planned over the next five years. On Wednesday, the government unveiled a production-linked incentive scheme to encourage domestic manufacturing investment in ten more sectors, with an estimated outlay of about Rs 1.46 crore over the next five years. Also read: Apple suppliers can invest …
Read More »India Plans About $ 20 Billion Of New Stimulus To Boost Economy: Report
India plans to announce a new round of stimulus totaling about $ 20 billion this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ 27 billion over five years for manufacturers …
Read More »Cabinet approves production-linked incentive scheme worth Rs 1.46 crore lakh for 10 sectors
By: Express Web Desk | New Delhi | Updated: November 11, 2020 4:40:25 pm Finance Minister Nirmala Sitharaman briefs the press after the cabinet decisions on Wednesday, November 11, 2020 (screenshot: YouTube / GDP). The Union Cabinet approved today Production-related incentive scheme (PLI) worth up to Rs 1.46 lakh crore …
Read More »Government Plans About $ 20 Billion Of New Stimulus: Report
NEW DELHI: India plans to announce a new round of stimulus totaling about $ 20 billion this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ 27 billion over five years …
Read More »Power supply banks need to promote RuPay cards, says Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman said at an event on Tuesday that banks should discourage non-digital payments and that state banks should promote RuPay cards over any other card. Addressing the 73rd Annual General Meeting of the Indian Banking Association (IBA) via video conference, he asked banks to ensure …
Read More »Issue only Rupay cards, seed all accounts with Aadhar before December: FM to banks
Finance Minister Nirmala Sitharaman told bankers on Tuesday to only issue Rupay cards as the first choice for customers, and also to deposit all bank accounts with the Aadhar number and, when necessary, with the pan card for December this year. “Rupay should be the only card you should promote,” …
Read More »Result of the election of the Bihar Assembly | All quiet in the party offices
One day before the declaration of the Assembly Election Results, it was all quite in the offices of the political parties at Beerchand Patel Marg in Patna. The leaders remained mostly homebound on Monday and declined to comment on the election results. The man of the moment, Rashtriya leader Janata …
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