New Delhi [India], February 11 (ANI): The Indian economy is back on a faster and sustained recovery path as Prime Minister Narendra Modi government handled the crisis caused by COVID-19 in a more efficient manner than the UPA government did during the 2008-09 global financial crisis, Finance Minister Nirmala Sitharaman said on Thursday.
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, and said that the cover will now be expanded by Rs 50,000 crores to a total cover of Rs 5 lakh crores.
New Delhi [India], January 31 (ANI): Finance Minister Nirmala Sitharaman will present the union budget for 2022-23 on Tuesday at a time when India's economy is showing strong signs of recovery from the problems created by COVID-19 and the country has again emerged as among the fastest-growing economies in the world.
New Delhi [India], January 29 (ANI): Steps should be taken in the upcoming Union Budget to ensure hassle-free credit availability to industry, particularly for MSMEs, and reduce the costs of doing business, said Pradeep Multani, President, PHD Chamber of Commerce and Industry.
New Delhi [India], January 7 (ANI): Union Finance Minister Nirmala Sitharaman on Friday held a meeting with Chairmen and Managing Directors of public sector banks to review their performance.
New Delhi [India], December 22 (ANI): Union Minister of State for Finance Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat Package with the objective to help MSMEs and business enterprises to meet their operational liabilities and resume business in view of the distress caused by the COVID-19 crisis by providing Lending Institutions 100 per cent guarantee against any losses suffered by them due to non-repayment by borrowers.