The Union Cabinet, chaired by the Prime Minister, Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL). On 17.11.2020, to protect depositors’ interest and in the interest of financial and banking stability, on RBI’s application under …
Read More »Piyush Goyal has called upon the Indian industry to focus on improving Quality and Productivity
Union Commerce and Industry Minister Piyush Goyal has called upon the Indian industry to focus on improving Quality and Productivity. Interacting with the Office bearers of various industry associations today, he called upon them to designate a few days next month, to do brainstorming on these aspects so that the …
Read More »Finance Minister Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise
In the present pandemic times when the headwinds to growth have exacerbated, the reforms momentum has continued, and will continue in the future as well, said Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman while addressing the National MNCs Conference 2020 organised by the Confederation of Indian Industry (CII) …
Read More »Finance Minister Nirmala Sitharaman attends the G20 Finance Ministers virtual meeting
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman participated in the G20 Finance Ministers virtual meeting here today. Finance Ministers of the G20 countries gathered to discuss their views on the global economic outlook and downside risks in wake of the COVID-19 crisis and how G20 could carry forward …
Read More »PM Narendra Modi inaugurates Bengaluru Tech Summit
Prime Minister Narendra Modi inaugurated Tech Summit in Bengaluru today via video conference. The summit is organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnataka government’s Vision Group on Information Technology, Biotechnology & StartUp, Software Technology Parks of India (STPI) and MM Activ Sci-Tech …
Read More »Income Tax relief for Real-estate Developers and Home Buyers
As part of the AatmaNirbhar Bharat Package 3.0 as announced by Finance Minister on 12th November, 2020, certain income tax relief measures were brought in for real-estate developers and home buyers. Up to 2018, section 43CA of the Income-tax Act, 1961 (‘the Act’) provided for deeming of the stamp duty …
Read More »Finance Minister Nirmala Sitharaman announces measures on AatmaNirbhar Bharat 3.0
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman has announced 12 key measures, as part of Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0. The net stimulus announced today amounts to ₹ 2.65 Lakh crore. While addressing the Press Conference here today , Sitharaman also informed …
Read More »Piyush Goyal invites the global investors to invest in India
The Union Commerce and Industry, Railways, and Food & public distribution Minister Piyush Goyal has invited the global investors to invest in India, taking benefit of the huge domestic market, and conducive business environment in the country. In his Keynote Address today at Conference ‘India: Drivers of Change’ organized by …
Read More »Simon Collier Award, 2020 winner Debashis Sarkar is a recognized Indian gem creating wonders
Creating wonders, leaving a mark, we all wish to be that personality known around in the world for our contributions that became big for many. However, what we forget to consider here is the path towards the same. The attempts, the hardships, those little successes, and a lot more, which …
Read More »Finance Minister Nirmala Sitharaman attends 1st BRICS Finance Ministers and Central Bank Governors Meeting
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman participated in the 1st BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS Russian Chairmanship today. The agenda of the meeting included discussions on the outcomes of G20 Saudi Presidency in 2020, a digital platform to encourage infrastructure …
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