News for 'fm'

Budget: FM may raise divestment target for 2018-19 to Rs 100,000 crores

Budget: FM may raise divestment target for 2018-19 to Rs 100,000 crores

Rediff.com29 Jan 2018

This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.

FM announces Rs 900 cr for COVID-19 vaccine research

FM announces Rs 900 cr for COVID-19 vaccine research

Rediff.com12 Nov 2020

She said the grant does not cover the actual cost of vaccine and distribution expenses, which will be made separately as and when the vaccine is available.

Going easy on loans: FM brings transparency in off-budget borrowings

Going easy on loans: FM brings transparency in off-budget borrowings

Rediff.com2 Feb 2021

Sitharaman does away with loans from National Small Savings Fund to Food Corporation of India.

FM proposes Rs 1,500 crore-scheme to promote digital payments

FM proposes Rs 1,500 crore-scheme to promote digital payments

Rediff.com1 Feb 2021

The FM said there has been a manifold increase in digital payments in the recent past.

Jaishankar meets Russian counterpart in Moscow

Jaishankar meets Russian counterpart in Moscow

Rediff.com10 Sep 2020

'Pleasure to meet FM Sergey Lavrov, this time in person. Excellent talks that reflect our Special and Privileged Strategic Partnership. Value our exchanges on the international situation,' Jaishankar tweeted after talks with his Russian counterpart on the sidelines of the SCO meeting.

Inmates run radio stations in Telangana prisons

Inmates run radio stations in Telangana prisons

Rediff.com12 Jun 2019

Inmates operate the FM radio stations, make announcements on the jail's time table, play patriotic, devotional and folk songs and music for fellow prisoners.

BJP says Budget all-inclusive, Oppn terms it as anti-people, mere rhetoric

BJP says Budget all-inclusive, Oppn terms it as anti-people, mere rhetoric

Rediff.com1 Feb 2023

The ruling Bharatiya Janata Party on Wednesday hailed the Union Budget as an "all-inclusive" document while the Opposition dismissed it as "anti-people" and mere rhetoric lacking the vision for creating jobs and taming inflation.

Mallya, Nirav Modi, Mehul Choksi are coming back to face law: FM

Mallya, Nirav Modi, Mehul Choksi are coming back to face law: FM

Rediff.com18 Mar 2021

Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.

Pak FM boycotts SAARC meeting, cites Kashmir

Pak FM boycotts SAARC meeting, cites Kashmir

Rediff.com27 Sep 2019

Pakistan will not engage with India 'until and unless they lift the siege' in Kashmir, it said.

Chinese FM bats for enhancing ties with India, Russia

Chinese FM bats for enhancing ties with India, Russia

Rediff.com24 Jun 2020

In his address to RIC Foreign Ministers, Wang said the three countries should 'correctly handle and properly deal with sensitive factors in bilateral relations and safeguard the overall interests of mutual relation', without directly referring to the current round of India-China military tensions along the Line of Actual Control, (LAC).

Raids on Taapsee, Anurag: FM says they were raided in 2013 too

Raids on Taapsee, Anurag: FM says they were raided in 2013 too

Rediff.com5 Mar 2021

Asked to comment on the raids, Sitharaman spoke of the 2013 raids not being an issue and they suddenly become one now.

Economy not in trouble; green shoots visible: FM

Economy not in trouble; green shoots visible: FM

Rediff.com11 Feb 2020

Referring to visible indicators of green shoots, the finance minister said the forex reserve is at an all time high and the stock market is upbeat.

'Nirmalaji has taken a huge gamble on growth'

'Nirmalaji has taken a huge gamble on growth'

Rediff.com6 Feb 2023

'Nirmalaji must consider herself a very lucky finance minister, partly because of the government's response to covid and partly because we as a nation have done very well as an economy, post pandemic.'

'FM has not been brave, but acted safely'

'FM has not been brave, but acted safely'

Rediff.com1 Feb 2020

There have been some benefits to the corporate sector, agreed they also need support, but the government should realise that the economy is not suffering from lowering investment -- people are ready to invest but where is the demand?

First batch of stranded Indians reach Romania from Ukraine

First batch of stranded Indians reach Romania from Ukraine

Rediff.com26 Feb 2022

Officials said more Indians in small groups are expected to reach Romania through the border crossing.

Ukraine's foreign min dials Jaishankar ahead of UNSC vote on Russian attack

Ukraine's foreign min dials Jaishankar ahead of UNSC vote on Russian attack

Rediff.com25 Feb 2022

Jaishankar said he emphasised that India supports diplomacy and dialogue as the "way out".

FM Sitharaman seeks Parliament nod for Rs 6.3-trillion extra spending

FM Sitharaman seeks Parliament nod for Rs 6.3-trillion extra spending

Rediff.com12 Feb 2021

Of the cash outgo, Rs 64,598 crore is for enhanced expenditure on fertiliser subsidy under Atmanirbhar Bharat Abhiyan 3.0 and Rs 20,466 crore for the capital outlay in defence services.

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Rediff.com10 Feb 2021

A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.

Divestment of BPCL, Air India to be completed in FY22: FM

Divestment of BPCL, Air India to be completed in FY22: FM

Rediff.com1 Feb 2021

The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.

Govt to borrow about Rs 12 lakh cr in FY22: FM

Govt to borrow about Rs 12 lakh cr in FY22: FM

Rediff.com1 Feb 2021

Sitharaman also said states will get 41 per cent share of taxes as per the 15th Finance Commission recommendation and the government has accepted the recommendation.

Rs 3,726 cr allocated for 1st ever digital census: FM

Rs 3,726 cr allocated for 1st ever digital census: FM

Rediff.com1 Feb 2021

Sitharaman also said the government is also working on a national language translation initiative.

Aatmanirbhar packages totalling Rs 27.1 lakh cr accelerated structural reforms: FM

Aatmanirbhar packages totalling Rs 27.1 lakh cr accelerated structural reforms: FM

Rediff.com1 Feb 2021

Finance Minister Nirmala Sitharaman on Monday said the government's Aatmanirbhar packages totalling Rs 27.1 lakh crore to deal with the COVID pandemic, accelerated the pace of structural reforms. In the first ever paperless Union Budget, Sitharaman also proposed the introduction of Aatmanirbhar health programme with an outlay of Rs 64,180 crore.

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Budget should reduce income tax rates, invest in infrastructure: CEOs to FM

Rediff.com18 Jan 2021

Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.

PM-FM meeting soon to decide second stimulus package

PM-FM meeting soon to decide second stimulus package

Rediff.com15 Apr 2020

The stimulus package is expected anytime this week and will be aimed at the urban and rural poor; disadvantaged sections of society; MSMEs and some of the worst-affected sectors.

Growth picks up but GDP growth likely to be negative: FM

Growth picks up but GDP growth likely to be negative: FM

Rediff.com27 Oct 2020

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.

What Doval told Chinese FM during 2-hr phone call

What Doval told Chinese FM during 2-hr phone call

Rediff.com6 Jul 2020

The officials said the focus of the talks was on 'full and enduring restoration of peace and tranquillity' along the border and also better coordination to ensure avoidance of such incidents in future.

Punjab FM says state govt will challenge farm Bills in SC

Punjab FM says state govt will challenge farm Bills in SC

Rediff.com25 Sep 2020

The Congress leader told reporters that the Punjab government is 'preparing to challenge the Bills in the apex court on two counts'. "First, it is a state subject and the Union government has no right to enact a legislation on it. "Besides, the federal government cannot destroy the economy of states. Due to the Bills, losses will be too much for a small state like Punjab," he said.

Russian forces abduct mayor of Ukraine's Dniprorudne city

Russian forces abduct mayor of Ukraine's Dniprorudne city

Rediff.com13 Mar 2022

Russian invaders are not getting the support of locals in Ukraine and thus they are resorting to instilling terror, said the Ukrainian FM.

FM seeks additional Rs 2.35 lakh crore to meet expenses

FM seeks additional Rs 2.35 lakh crore to meet expenses

Rediff.com14 Sep 2020

Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.

Loan recast: FM to meet heads of banks, NBFCs on Thursday

Loan recast: FM to meet heads of banks, NBFCs on Thursday

Rediff.com2 Sep 2020

Banks are in the process of getting a board-approved restructuring framework in line with the RBI's framework and eligibility defined by the central bank.

How FM plans to boost electronic manufacturing in India

How FM plans to boost electronic manufacturing in India

Rediff.com3 Feb 2020

But it may come with a downside risk of further rise in prices of several products.

FDI rises to $284 bn during 2014-19: FM

FDI rises to $284 bn during 2014-19: FM

Rediff.com1 Feb 2020

Sectors which attract maximum foreign inflows include services, computer software and hardware, telecommunications, automobile and trading.

6 more airports to be auctioned under PPP model: FM

6 more airports to be auctioned under PPP model: FM

Rediff.com16 May 2020

These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.

'FM not invited for pre-Budget meets by PMO'

'FM not invited for pre-Budget meets by PMO'

Rediff.com22 Jan 2020

Congress leader Prithviraj Chavan claimed that Modi held 13 pre-Budget consultation meetings which were attended by top industrialists, but to none of these meetings Sitharaman was invited.

Ease fiscal deficit, look at higher spend for future: Assocham president to FM

Ease fiscal deficit, look at higher spend for future: Assocham president to FM

Rediff.com18 Jan 2021

As spending on infrastructure has three times the desired impact, the government's Rs 111 trillion National Infrastructure Pipeline should be accelerated: Assocham president, Vineet Aggarwal

RS okays 74% FDI in insurance; majority of directors to be Indians, says FM

RS okays 74% FDI in insurance; majority of directors to be Indians, says FM

Rediff.com18 Mar 2021

The Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent, with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.

Sitharaman meets IMF chief in Washington, highlights growth measures

Sitharaman meets IMF chief in Washington, highlights growth measures

Rediff.com19 Apr 2022

Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth.

Don't tweak inflation target range: Economists tell FM in pre-Budget talks

Don't tweak inflation target range: Economists tell FM in pre-Budget talks

Rediff.com24 Dec 2020

They have also called for giving cash to the poor, so that demand is generated in the economy.

Sitharaman and Das: Like Dhoni and Jadeja

Sitharaman and Das: Like Dhoni and Jadeja

Rediff.com7 Jan 2022

When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.

Raghuram Rajan differs with FM, says NPAs will see unprecedented rise

Raghuram Rajan differs with FM, says NPAs will see unprecedented rise

Rediff.com15 Jul 2020

Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.