NEW DELHI : India’s Finance Minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Companies are planning new investments after $20 billion worth of corporate tax cuts announced in September, Sitharaman told reporters in New Delhi Friday. Actual investments may take some time to materialize, she said. Prime Minister Narendra Modi’s government has unveiled several …
New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to …
Dear Madam Finance Minister, Welcome to the exciting world of finance that you have just taken charge of. I have covered this space as a beat reporter for 25 years and so I am taking the liberty to give a glimpse of this sector as I see it. First, my biases: I have a gender bias and I am truly …
While announcing his budget 2018 Finance Minister Arun Jaitley announced various benefits for students and education sector in India. The finance minister proposed to launch ‘‘Revitalising Infrastructure and Systems in Education (RISE) by 2022’’ with a total investment of Rs 1,00,000 crore in next four years. This will aim at step up investments in research and related infrastructure in premier educational institutions, …
Finance Minister Arun Jaitley will make a major announcement on Tuesday evening, possibly in connection with the recapitalisation plans for public sector banks, sources have told CNBC-TV18. At a press conference scheduled for 4pm, the minister is likely to decide the plan for increasing capital to the weak balance sheets of banks including United Bank of India, UCO bank, Corporation bank, Allahabad Bank, Indian Overseas Bank, …
Board examination for Class 10 in CBSE schools will be reintroduced as part of the ongoing reforms in the education system, Union human resource development (HRD) minister Prakash Javadekar said Friday. At present, it is optional for CBSE students to choose either the board exam or a school-based examination. It has also been decided to conduct examinations in Classes 5 …
There were 422.19 million broadband subscribers and the internet penetration (internet subscriber per 100 populations) was 32.86 per cent in the country as on March 31, 2017, Communications Minister Manoj Sinha informed Parliament on Friday. In a written reply to a question in the Rajya Sabha, Sinha said the National Telecom Policy-2012 envisages 600 million broadband connections by the year …
The far-right Israeli education minister, Naftali Bennett, has vowed to introduce a bill this month to formally annex Maale Adumim, one of Israel’s largest settlement blocks in the occupied Palestinian territories. In remarks made at a museum in the city of 40,000 located outside Jerusalem, Bennett said: “After being here for 50 years, the time has come to end military …