The Non-resident Indians (NRIs) in the United Arab Emirates termed the India budget for fiscal 2021-22, unveiled by the Finance Minister Nirmala Sitharaman on Monday, positive and a timely step in the right direction.
India boosted healthcare spending by 135% and lifted caps on foreign investment in its vast insurance market on Monday to help revive an economy that suffered its deepest recorded slump as a result of the pandemic.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.
Finance Minister Nirmala Sitharaman on Tuesday said her ministry was readying an economic package to help the industry deal with the coronavirus crisis.
India’s federal government on Thursday asked state administrations to raise $32 billion in loans, as part of a proposal to cover a shortfall in fiscal receipts that could see a surcharge on the country’s luxury goods tax extended beyond 2022.
Indian Finance Minister Nirmala Sitharaman had announced on Monday (June 28) a financial package which included bank credit on concessional interest rate to two sectors, health and tourism, amounting to Rs 1.10 lakh crore, in the wake of the destructive
India has extended a federal guarantee on bank loans to health and tourism services while waiving visa fees for 500,000 foreign tourists, the finance minister said on Monday, stepping up support for the pandemic-hit economy.
India’s public sector banks are stable now after the prompt corrective actions (PCA) when it was caught in turbulence, said Union Finance Minister Nirmala Sitharaman.