Nirmala Sitharaman English news | Nirmala Sitharaman, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Prime Minister Narendra Modi gave a thumbs up to the announcements tweeting: "The measures announced by Finance Minister Nirmala Sitharaman will facilitate ease of doing business, improve demand, make credit affordable and boost the overall economy."Home Minister Amit Shah also welcomed the announcements. "Measures to encourage investments in capital markets and facilitating the start up ecosystem, streamlining GST refunds and steps to quickly resolve tax related issues will help our entrepreneurs and market sentiments. I congratulate PM @narendramodi for these progressive steps," he tweeted."Decision to infuse capital in our banking system and ensuring liquidity in the NBFCs along with necessary protection for bankers will help step up credit off-take and private investments. Easier KYC, lower interest rates and faster loan processing will enhance retail consumption," he added."Growth is the Modi government's priority. India's economic fundamentals, despite a global slowdown, remain robust. The slew of measures announced by the Finance Minister reiterate our commitment to improve ease of doing business, easier credit to MSMEs and more money in the hand of individuals," the Home Minister noted.Shah further observed that "India's economy remains resilient and despite global slowdown is performing well. Our government has been fiscally prudent while prioritising growth. Today's announcements by FM @nsitharaman only reinforce the fact that Modi 2.0 is committed to make India a $5 trillion economy."Bharatiya Janata Party (BJP) Interim President J.P. Nadda too praised the steps to boost the economy. "Under the visionary leadership of Hon. PM Sh. @narendramodi Ji some major transforming measures have been taken to boost economy, which are related to facilitating wealth creators, taxation measures, increasing capital flows and energising financial markets, infrastructure," Nadda tweeted."I also thank our Finance Minister for such bold and people-friendly decisions. These will give a huge boost to the economy and bring major relief to all entrepreneurs and businessmen," he added.In a bid to stabilise the faltering economy, Sitharaman had on Friday announced removal of surcharge on capital gains on shares for both foreign and domestic investors, provided an upfront Rs 70,000-crore equity infusion into public sector banks to boost lending, and unveiled measures to push automobile sales.( With inputs from IANS )

Nirmala SitharamanFOLLOW

Nirmala sitharaman, Latest News

Finance Minister Nirmala Sitharaman on Tuesday dismissed criticism about the RBI's decision to transfer Rs 1.76 lakh crore to the government and said that any suggestion concerning the credibility of the central bank and the Jalan Committee "seems a ...

Top ratings firm Moody's on Tuesday said the measures announced by the government to boost the sagging economy would support investors and business sentiments, but domestic and external headwinds would persist over the fiscal. ...

The subdued demand conditions that led to weak performance by Indian automakers in the first quarter of 2019-20, will likely persist, adding to the challenges from the implementation of stricter emission norms under BS6 from April 2020, Fitch Ratings ...

While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the slump is due to the industry itself. ...

Experts are seeing fresh support for gold prices leading it towards all-time highs in the international markets, even as an escalation of the trade-war between the two largest economies, US and China, saw the price of the yellow metal rally 700-800 ...

With the government announcing a slew of measures to boost the economy, a JM Financial report has suggested that although the government has been responsive to the issues of industry, the steps may not be sufficient and more measures might be needed ...

The Indian government should move towards a simple tax structure with a single corporate tax rate of 25 per cent, without any surcharge or cess above it, global advisory KPMG has said in a report. ...

Finance Minister Nirmala Sitharaman has got loads of support from the Union Cabinet and her party on the steps announced by her to combat the economic slowdown in the country. ...