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Chidambaram terms Yes Bank crisis as ‘regulatory failure’; Nirmala Sitharaman assures...

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Former finance minister and Congress leader P Chidambaram on Friday termed the Yes Bank crisis as a completely "regulatory failure", while the current finance minister Nirmala Sitharaman assured the depositors that their money is safe and said that she is in continuous interaction with the Reserve Bank of India (RBI).

Government nod to infusing Rs 2,500 cr into 3 PSU general...

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The Union Cabinet gave an in-principle approval to pump in Rs 2,500-crore capital into three public sector general insurance companies.

IIP contracts again in December; retail inflation jumps to 68-month high...

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A day after Finance Minister Nirmala Sitharaman said economic growth was rebounding, government data on Wednesday showed that industrial output contracted by 0.3% in December while retail inflation jumped to a 68-month high of 7.59% in January on high food prices.

Budget 2020: How much will you lose if you opt out...

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In a relief to taxpayers, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidence for those earning upto Rs 15 lakh a year. The Minister has proposed a 10 percent tax on income between Rs 5 lakh and Rs 7.5 lakh from the current 20 percent now.

Realistic nominal GDP target at 9.5-10% likely: Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman is likely to stay conservative about the nominal gross domestic product (GDP) growth and set it at 9.5-10% in the FY21 budget as the time for 'picking optimistic target' experiments are over, say sources.

2838 Pakistanis, 914 Afghans, 172 Bangladeshis given Indian citizenship in last...

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Amid ongoing nationwide protests against Citizenship (Amendment) Act, 2019, Finance Minister Nirmala Sitharaman on Sunday said that as many as 2838 people from Pakistan were given citizenship during the last six years.

Indian Govt to Cut Spending to Overcome Fiscal Deficit

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India's government is expected to lower spending for the current fiscal year by as much as Rs 2 lakh crore as it overlooks one of the biggest tax shortfalls in recent years, three government experts stated.

Discussions everywhere about increase in GST rates except my office: Sitharaman

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Finance Minister Nirmala Sitharaman said that the discussion about increasing GST rates to increase revenue is everywhere except in my office. She said this before the Goods and Services Tax Council (GST) meeting. She was answering questions asked to discuss the increase in GST rates of 5, 12, 18 and 28 percent to meet the reduction in revenue. It is said that due to the reduction in revenue, the payment made to compensate the loss due to the implementation of the new indirect tax system is being affected.

The Crashing Automobile Sector of India

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The ‘hope’ peeking over the horizon, remains absent.

Finance Minister in Parliament: Despite slowdown, Indian economy is not a...

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Finance Minister Nirmala Sitharaman on Wednesday while replying to a debate in the Rajya Sabha said that there is no recession in the economy. However, she admitted that there is slowdown, due to which the growth rate has come down. Citing the first tenure of UPA-2 (2009-2014) and NDA (2014-2019), inflation rate was low in the first term of the Modi government and the growth rate was moving very fast.
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