New Delhi: Finance Minister Nirmala Sitharaman on Friday unveiled major reforms in the banking sector. Briefing media persons, Sitharaman said,...
Punjab National Bank, Oriental Bank of Commerce and United Bank of India will be merged into one bank, announces Finance Minister Nirmala Sitharaman.
The minister mentioned that the decision was taken based on the recommendation of a committee constituted by the RBI itself and said it is very worrying that questions are being over its formulation.
Finance Minister Nirmala Sitharaman on Friday made several announcements to boost Indian economy in bid to give a fillip to the strained economy.
Sitharaman said the global GDP was projected at 3.2 per cent and India is placed in a better position than many developed countries like the US and Germany.
Sitharaman says India still the fastest growing economy. Global growth is weak at 3.2 per cent. India's growth more than US, China.
Overseas issuances will facilitate the development of overseas credit default swap market. While this will help in efficient price discovery, overseas issuances have been seen to have an adverse impact on the domestic market.
Azam Khan, on Thursday, made objectionable remarks against BJP member Rama Devi, who was presiding over the House as BJP members sought an apology from him.
Finance Minister Nirmala Sitharaman said income tax collection has doubled over the last 5 years. She was addressing a function to celebrate the Income Tax Day today.
For the presentation Union Budget for 2019-20, Sitharaman decided to go with the swadeshi 'bahi khata' in line with Indian traditions, instead of the Budget briefcase which she said belonged to the British colonial era.