India’s gross domestic product has been predicted to contract 4.5 per cent in 2020, the finance ministry earlier said, citing IMF data.
Cites the IMF to predict GDP outlook for the fiscal, but also notes that some sectors are showing early signs of revival.
Ajeya Kallam says AP getting power from NTPC at Rs 4.44 per unit, not Rs 2.7 as claimed by FM, notes AP never tampered with pacts with international companies.
Nirmala Sitharaman noted that if any issue comes up, for any reason, in the international agreements, it would be difficult to complete those projects.
Union Finance Minister Nirmala Sitharaman on Thursday said the Centre had released Rs 6,600 crore to the State since April, for procurement of medical equipment.
Ganesha idols made of clay have been traditionally bought from the local potters during Ganesh Chaturthi festival every year, she said.
Government closely monitoring repo rate cut transmission by banks to customers: Finance Minister Nirmala Sitharaman .
Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4 per cent.
Maximum late fee for non-filing of monthly GST sales return for July 2017 to January 2020 capped at Rs 500
It is also commendable that the FM sternly told the bankers to hold board meetings and speed up cuts in interest rates on loans.
The outbreak of COVID-19 has hit industries across the world due to depressed demand caused by lockdowns.
Banks assigned for opening branches in rural areas should cover all the panchayats under the financial inclusion programme by this fiscal-end, he said.
Stating that it’s too early to assess the impact of coronavirus on the economy, the minister said she had confidence in the entrepreneurs.
The Finance Minister said that making a 'realistic assessment' of economic growth would be difficult at this point of time as there is no clarity.
The industry should also strive to work towards the skilling of employees at all levels, CII quoted her as saying in a statement.
RSS-affiliate Bharatiya Mazdoor Sangh (BMS) is getting ready to organise a three-day protest programme against the privatisation of SCCL.