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  • Cabinet approves reconstruction scheme for Yes Bank: FM0

    New Delhi: The Union Cabinet on Friday approved the restructuring plan of Yes Bank. State Bank of India (SBI) will buy 49 percent stake of Yes Bank under the scheme proposed by the Reserve Bank. Finance Minister Nirmala Sitharaman said that the cabinet has approved the restructuring plan of Yes Bank as suggested by the

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  • DBT and GST are like a silent revolution: Nirmala Sitharaman0

    New Delhi: Finance Minister Nirmala Sitharaman inaugurated the 44th Civil Accounts Day event today. The event has been organized by the Controller General of Accounts (CGA). In his address, he said that today Direct Benefit Transfer (DBT) and Goods and Services Tax (GST) are being discussed all over the world. He said that these two

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  • Budget 2020: 8 Highlights of the Union budget you need to know0

    Indian finance minister Nirmala Sitharaman presented Union Budget for 2020-21 today at the Parliament. Presenting the budget, the minister said that as Prime Minister Narendra Modi had received an immense support from the public to form the government again in May 2019, this budget has been prepared to improve the income and purchasing power for

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  • Budget 2020: Interesting income tax changes expected this year0

    Reduction in corporate tax rate has led to many people hoping that Finance Minister Nirmala Sitharaman’s this year’s Budget announcement will provide a relaxation on the personal income tax area. As per a recent report experts are of the opinion that the government may make some changes in dividend distribution tax and long-term capital gains

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  • Government trying to fight recession under sector-specific solution: Nirmala Sitharaman0

    Mumbai. Union Finance Minister Nirmala Sitharaman said on Thursday that the government is offering sector-specific solutions to fight the slowdown in economic growth. However, there is a specific question on whether the government accepts that the country is in the midst of an economic downturn. India’s GDP expansion has come down to a six-year low

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  • Indian Bank conferred with ‘FE Best PSU Bank’ Award0

    Mumbai : The Chennai-headquartered Indian Bank has been conferred with the ‘FE Best PSU Bank Award’ for 2017-18. The occasion was graced by the Hon’ble Union Finance Minister Mrs. Nirmala Sitharaman. Previous year, the Bank bagged FE ‘India’s Best Bank’ award for 2016-17. According to the jury of this year “The Bank’s good financials as

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