FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers
4 years, 7 months ago

FM Gives Rs 70,000 Crore Boost to Middle Income Housing, Rs 2 Lakh Crore Concessional Credit to Farmers

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman on Thursday announced that all migrant workers will get free food grains for the next two months to help them cope with the impact of the coronavirus lockdown. Sources had told News18 that the package Sitharaman announces today may include loan guarantees of Rs 2 lakh crore to farmers, direct bank transfers for street vendors, and is also likely to offer relief to labourers and workers in the unorganised sector. Although the Prime Minister had pegged the overall package at Rs 20 lakh crore, or 10 per cent of India’s GDP, the finance minister had on Wednesday avoided giving any details as to how the stimulus would be paid for, or even how much actual money would be spent. The finance minister said the government will provide Rs 3 lakh crore worth of collateral free- automatic loans for businesses, including SMEs, a move that will help 45 lakh businesses.

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History of this topic

FM Sitharaman distributes ₹1,121-crore in loans to 50,000 beneficiaries in Bihar under credit outreach scheme
1 month, 1 week ago

FM Sitharaman distributes ₹1,121-crore in loans to 50,000 beneficiaries in Bihar under credit outreach scheme

Live Mint  

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, chaired a credit outreach programme in Madhubani alongside Bihar Deputy CM Samrat Choudhary and distributed bank sanction letters to over 50,000 beneficiaries under Central Government schemes during a Credit Outreach Programme. Credit outreach scheme in Bihar The Finance Minister handed over copies of the Constitution of India in Maithili and Sanskrit …

What’s the Budget push for infrastructure?
5 months, 1 week ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months, 2 weeks ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months, 2 weeks ago

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt

Op India  

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms as nine priority areas …

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital
5 months, 2 weeks ago

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital

Hindustan Times  

Hyderabad: Union finance minister Nirmala Sitaraman on Tuesday presented her seventh Union Budget, announcing Rs.15,000 cr for Andhra Pradesh’s new capital Amaravati. Finance minister Nirmala Sitharaman with Union Budget portfolio The FM said that the government will ensure all efforts to fulfil the commitments in the Andhra Pradesh Reorganisation Act. Describing it as a lifeline of Andhra Pradesh, Sitharaman said …

Interim Budget: FM announces ₹1 trillion corpus for research in technology
11 months, 1 week ago

Interim Budget: FM announces ₹1 trillion corpus for research in technology

Hindustan Times  

Union finance minister Nirmala Sitharaman, presenting the Interim Budget 2024 in Parliament on Thursday, announced a ₹1 lakh crore corpus to help finance research in technology. Union finance minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha on Thursday. Calling innovation the “foundation of development”, Sitharaman said, “A corpus of ₹1 lakh crore will be established with …

Gross market borrowing hits Rs 5.77 lakh cr until July this fiscal: Nirmala Sitharaman
1 year, 5 months ago

Gross market borrowing hits Rs 5.77 lakh cr until July this fiscal: Nirmala Sitharaman

India TV News  

The central government has raised over 37% of its FY24 target of gross market acquisition through dated securities in the initial four months, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The central government has wanted to raise net debt assets of Rs 17.99 lakh crore from different sources in 2023-24, basically, to fund its financial deficit, Sitharaman said in …

Amit Shah releases Rs 6,194 crore disaster relief fund for 19 states
1 year, 6 months ago

Amit Shah releases Rs 6,194 crore disaster relief fund for 19 states

India TV News  

Union Home Minister Shah to Friday approved the release of Rs 6,194 crore to 19 states under the State Disaster Response Fund. The amount includes Rs 1,209.60 crore as central share of the State Disaster Response Fund to four states -- Chhattisgarh, Meghalaya, Telangana and Uttar Pradesh -- for 2022-23, according to an official statement. The statement added that Rs …

Bengal FM presents ₹3.39-lakh crore budget for 2023-24
1 year, 10 months ago

Bengal FM presents ₹3.39-lakh crore budget for 2023-24

The Hindu  

West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented a ₹3.39-lakh crore budget for 2023-24, with a proposal to waive agricultural income tax on tea gardens for two years and extend credit facility to young entrepreneurs. “I propose to provide ₹3.39-lakh crore budget for financial year 2023-24,” Ms. Bhattacharya said, while placing the financial statement in the assembly. Announcing sops …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
1 year, 11 months ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost
1 year, 11 months ago

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost

Deccan Chronicle  

New Delhi: Putting more money in the hands of the middle class as well as salaried individuals to boost taxpayers in India, finance minister Nirmala Sitharaman on Wednesday announced her Budget 2023-24, saying that the Indian economy was on the right path and heading towards a bright future as economic growth is estimated at nearly seven per cent, the highest …

Harish Rao urges FM Nirmala Sitharaman to release funds for TS
2 years, 10 months ago

Harish Rao urges FM Nirmala Sitharaman to release funds for TS

Deccan Chronicle  

Hyderabad: Ahead of presenting the state Budget for 2022-23, finance minister T. Harish Rao has written to Union finance minister Nirmala Sitharaman, urging the Centre to ensure an early release of grants due to the state from 2018-19. Rao stated that grants under Section 94 of the AP Reorganisation Act towards development of backward areas for 2019-20 and 2021-22 amounting …

PM Modi to release 10th instalment of PM-KISAN fund on 1 Jan, transfer Rs 20,000 cr to over 10 cr farmers
3 years ago

PM Modi to release 10th instalment of PM-KISAN fund on 1 Jan, transfer Rs 20,000 cr to over 10 cr farmers

Firstpost  

Under the PM-KISAN scheme, a financial benefit of Rs 6,000 per year is provided to eligible farmer families, payable in three equal four-monthly installments of Rs 2,000 New Delhi: On the first day of the New Year, Prime Minister Narendra Modi will release the 10th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi, transferring an amount of over …

Amit Shah approves release of second installment of central share of State Disaster Relief Fund
3 years, 3 months ago

Amit Shah approves release of second installment of central share of State Disaster Relief Fund

Firstpost  

The Centre’s second installment amounts to Rs 7,274.40 crore, which will be given in advance to 23 states The Central Government has revised the items and norms of assistance under the State Disaster Response Fund, making a provision for grant of ex-gratia payment to the next of kin of the deceased due to Covid-19. Introducing the new norm, which will …

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights
3 years, 6 months ago

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights

Firstpost  

Nirmala Sitharaman press latest news: conference Key highlights: Today finance minister has announced, From Rs 23,220 cr for public health to free 5 lakh tourist visas, FM announces 8 major relief measures to boost COVID-affected sectors Addressing a press conference on Monday, Union finance minister Nirmala Sitharaman announced a slew of relief measures including an Rs 1.1 lakh crore loan …

Amid COVID, Rs 50,000 Cr Relief for Health Sector: FM Sitharaman
3 years, 6 months ago

Amid COVID, Rs 50,000 Cr Relief for Health Sector: FM Sitharaman

The Quint  

The FM announced eight economic relief measures amounting to Rs 6,28,993 crore on Monday, out of which four are new and one is specific to health infrastructure. Schemes for scaling of existing relief measure such as the Emergency Credit Line Guarantee Scheme and support for state governments were also revealed, along with four new measures focused on providing loans to …

Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest
3 years, 9 months ago

Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest

India TV News  

The government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax exempt. In her Budget presented to Parliament on February 1, Finance Minister Nirmala Sitharaman had provided that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from …

Govt Raises Provident Fund Threshold Limit to Rs 5 Lakh for Earning Tax-free Interest
3 years, 9 months ago

Govt Raises Provident Fund Threshold Limit to Rs 5 Lakh for Earning Tax-free Interest

News 18  

The government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax exempt. In her Budget presented to Parliament on February 1, Finance Minister Nirmala Sitharaman had provided that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from …

A look at the winners and losers of Nirmala Sitharaman's Budget 2021
3 years, 11 months ago

A look at the winners and losers of Nirmala Sitharaman's Budget 2021

India Today  

Amid the sweeping economic distress triggered by the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, giving major emphasis to healthcare and infra sectors while leaving direct taxes unchanged. Here is a look at the gainers and losers from Budget 2021: WINNERS Healthcare Finance Minister Nirmala Sitharaman put health and well being as one of …

Good News! Modi govt may increase Rs 6,000 cash support under PM-KISAN for farmers
3 years, 11 months ago

Good News! Modi govt may increase Rs 6,000 cash support under PM-KISAN for farmers

India TV News  

The Budget session of Parliament will begin on January 29 with the address of President Ram Nath Kovind to the joint sitting of both the Houses. Finance Minister Nirmala Sitharaman has promised a never before like Union Budget as the Modi government looks to give a further boost to Indian economy According to reports, the government is likely to announce …

FM Nirmala Sitharaman Announces Rs 18,000 Crore Additional Outlay for PMAY-Urban
4 years, 1 month ago

FM Nirmala Sitharaman Announces Rs 18,000 Crore Additional Outlay for PMAY-Urban

News 18  

The Centre will allocate Rs 18,000 crore more to the Pradhan Mantri Awas Yojana – Urban for building houses for middle income and economically weaker sections of the country. The amount of Rs 18,000 crore will be provided over the Budget Estimates for 2020-21 through additional allocation and extra budgetary resources. In another major to boost the real estate sector, …

Subsidy for Job Creation, Income Tax Relief for Homebuyers in Centre's 'Aatmanirbhar' Package 3.0
4 years, 1 month ago

Subsidy for Job Creation, Income Tax Relief for Homebuyers in Centre's 'Aatmanirbhar' Package 3.0

News 18  

Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Giving out details of recovery, she said composite purchasing managers index rose to 58.9 per cent in October versus 54.6 per cent in the previous month, registering strongest increase in output in close to nine years. Energy consumption growth …

India needs ₹ 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari
4 years, 6 months ago

India needs ₹ 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari

The Hindu  

India needs foreign direct investments worth ₹ 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari. ₹ 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy,” the Road …

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure
4 years, 7 months ago

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure

Firstpost  

Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure In a move to strenghten infrastructure in agriculture, Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. 1 lakh crore will be provided for funding Agriculture Infrastructure …

Rent, ration and food for migrants in FM Nirmala Sitharaman's second stimulus tranche
4 years, 7 months ago

Rent, ration and food for migrants in FM Nirmala Sitharaman's second stimulus tranche

Deccan Chronicle  

New Delhi: Finance minister Nirmala Sitharaman on Thursday said the second tranche of economic stimulus package will be for the benefit of migrant workers, street vendors and small farmers. Sitharaman said Rs 10,000 crore has been spent in the last two months on creating 14.62 crore man-days of work under the Mahatma Gandhi National Rural Employment Guarantee Scheme to help …

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE
4 years, 7 months ago

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

India TV News  

Finance Minister Nirmala Sitharaman on Thursday addressed the media to give further details on Rs 20 lakh crore economic stimulius package announced by PM Modi during his Tuesday's televised address to the nation. Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking …

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
4 years, 7 months ago

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

Firstpost  

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman’s first package of details to flesh out Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus More funds to fuel business. There is plenty to celebrate for small and medium scale businesses and other entities covered under Finance Minister Nirmala Sitharaman’s first package of details to flesh out …

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus
4 years, 7 months ago

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus

ABP News  

New Delhi: First in the series of press briefings over Prime Minister Narendra Modi's mega 'Atmanirbhar Bharat Abhiyan', Finance Minister Nirmala Sitharam on Wednesday unveiled the details of the special economic package worth Rs 20 lakh crore. For MSMEs needing handholding, Government announced Rs 50,000 crore Fund of Funds through mother fund - daughter fund to expand their capacity and …

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs
4 years, 7 months ago

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs. Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses. This will benefit 45 lakh small businesses, she said detailing parts of the …

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs
4 years, 7 months ago

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs

India TV News  

As the country battles coronavirus pandemic, Finance Minister Nirmala Sitharaman has announced Rs 3 lakh crores collateral-free automatic loans for Micro Small Medium Enterprises sector. Her press conference came a day after PM Narendra Modi announced stimulus package of Rs 20 lakh crore to rejuvenate Indian economy battered badly due to coronavirus pandemic. Check out details of the announcement made …

Nirmala Sitharaman Press Conference Highlights: Booster Shot for MSMEs, Income Tax Payers Get New Return Deadline and TDS, TCS Rate Cuts
4 years, 7 months ago

Nirmala Sitharaman Press Conference Highlights: Booster Shot for MSMEs, Income Tax Payers Get New Return Deadline and TDS, TCS Rate Cuts

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman on Wednesday announced 15 measures to revive and support business under the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi on Tuesday. which is equal of 10 per cent of India’s Gross Domestic Product, includes Reserve Bank of India’s liquidation worth close to Rs 8.04 lakh …

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways
4 years, 9 months ago

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways

Firstpost  

The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed at the poorest and most vulnerable sections of the society. The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed on the poorest and most vulnerable sections of the society. A financial package worth Rs 1.7 lakh crore …

Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS
4 years, 9 months ago

Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS

India TV News  

Finance Minister Nirmala Sitharaman on Thursday announced a Rs 1.7 lakh crore economic relief package for those hit hardest by the coronavirus outbreak in the country. The stimulus includes Rs 50 lakh per person insurance cover for doctors, paramedic, healthcare workers dealing with the deadly virus as well as 5 kg wheat or rice and 1 kg of preferred pulses …

A long shot at growth: Can FM Nirmala Sitharaman's 161-minute budget revive economy?
4 years, 11 months ago

A long shot at growth: Can FM Nirmala Sitharaman's 161-minute budget revive economy?

India Today  

The burden of two failed budgets of the past weighed on Union Finance Minister Nirmala Sitharaman as she got down to delivering her 161-minute speech - the longest by any finance minister - in Parliament on Saturday. The smorgasbord consisted of personal income tax, farmers, infrastructure, foreign investors, domestic manufacturers, individual taxpayers, affordable housing investors. Having ignored the middle class …

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations
4 years, 11 months ago

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations

The Hindu  

Union Finance Minister Nirmala Sitharaman’s second Budget speech on February 1 sought to make up in length and breadth for what it couldn’t deliver in the form of an effective stimulus for India’s fast-slowing economy. Watch | Highlights of Union Budget 2020-21 Taking a cue from the Economic Survey, which dwelt at length on India’s ancient economic prowess, Ms. Sitharaman …

Budget 2020: Govt allocates 99,300 cr for education sector, to introduce FDI
4 years, 11 months ago

Budget 2020: Govt allocates 99,300 cr for education sector, to introduce FDI

India Today  

Finance Minister Nirmala Sitharaman announced an allocation of Rs 99,300 crore for the education sector and Rs 3000 crore for skill development in her 2020-2021 Union Budget speech on Saturday. Nirmala Sitharaman said the Centre would announce a new education policy soon, and announced a degree-level full-fledged online education programme to be offered by institutes ranked in the top 100 …

FM promises more reforms before the end of the fiscal
5 years, 2 months ago

FM promises more reforms before the end of the fiscal

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman said more reforms are on the anvil this fiscal to boost growth as fresh economic data and subdued corporate earnings point to a deeper economic downturn. The government has targeted to generate ₹ 1.05 trillion in 2019-20 through asset sales On IMF’s latest growth projection, Sitharaman said: “We continue to remain one of the …

Lok Sabha passes Finance Bill, Sitharaman says budget proposals aimed at improving ease of living
5 years, 5 months ago

Lok Sabha passes Finance Bill, Sitharaman says budget proposals aimed at improving ease of living

India TV News  

Finance Minister Nirmala Sitharaman on Thursday said that the tax proposals in the Finance Bill 2019 are aimed at improving the ease of living and reducing the pain of the citizens. While replying to a discussion on the Finance Bill, Sitharaman said Budget proposals will promote Make in India and digital payment. The Minister, however, did not relax the tax …

Budget 2019: Sitharaman goes all out to rev up investment, boost consumption
5 years, 6 months ago

Budget 2019: Sitharaman goes all out to rev up investment, boost consumption

India TV News  

The first Budget of Modi 2.0 government has laid huge emphasis on investment and consumption to realise the dream of 'New India' making it a $ 5 trillion economy in the next few years, but mobilising funds remains a challenge for it in the wake of global headwinds and domestic slowdown. It is well within our capacity to reach the …

Budget 2019: FM cultivates farmers with ₹6,000 in hand every year
5 years, 11 months ago

Budget 2019: FM cultivates farmers with ₹6,000 in hand every year

Live Mint  

In a bid to win back the support of disgruntled farmers ahead of general election due in April-May, the Narendra Modi government on Friday announced an income support scheme for small farmers as a key promise in its final budget. Finance minister Piyush Goyal assured farmer households a direct income transfer of ₹6,000 per year and said the first instalment …

Budget 2019: FM cultivates farmers with ₹6,000 in hand every year
5 years, 11 months ago

Budget 2019: FM cultivates farmers with ₹6,000 in hand every year

Live Mint  

In a bid to win back the support of disgruntled farmers ahead of general election due in April-May, the Narendra Modi government on Friday announced an income support scheme for small farmers as a key promise in its final budget. Finance minister Piyush Goyal assured farmer households a direct income transfer of ₹6,000 per year and said the first instalment …

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