Discover and read the best of Twitter Threads about #NirmalaSitaraman

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Mahila Samman Savings Certificate - Everything about it 🧵

#NirmalaSitaraman #Budget2023
The Mahila Samman Savings Certificate is aimed at ensuring women’s safety and welfare.

Interest rate

The one-time new small saving scheme will offer a fixed interest rate of 7.5 per cent.

Read 8 tweets
We're breaking #Budget2023 down for you.

Sit back, relax, and have a great read! 👇

Infra gets boost:

- Highest ever capital outlay of Rs. 2.40 lakh crores for Railways

- 50-year interest-free loans to states one more year for infra spends

Agri & Fisheries to benefit:

- Agricultural accelerator fund to promote agri-startups

- 10,000 bio-input resource centres in next 3 yrs to promote natural farming

- 6000 Cr outlay for Animal husbandry, dairy, and fisheries
Read 28 tweets
Finance Minister #NirmalaSitaraman is presently all over the news for her controversial remarks and opinionated views on various topics. Here, we detail some of her remarks in the parliament and outside which invited controversy and criticism.…
During the Lok Sabha discussion on price rise recently, Sitharaman stated, “The pandemic, second wave of COVID, Omicron, Russia-Ukraine, in spite of all this we have held the inflation at 7 percent or below.”
In February this year, the finance minister came under attack from the Congress party for terming a minister’s response to Rahul Gandhi’s comments on the Union Budget as a ‘typical UP-type’ answer.
Read 6 tweets
#BudgetWithCNBCTV18 | FM announces voluntary vehicle scrapping policy. Further details for #ScrappagePolicy to be announced shortly

Here are the #StocksInFocus

#BudgetWithCNBCTV18 | FM introduces Aatmanirbhar Health Yojana with outlay of Rs 64,180 cr over 6 years. This will strengthen National Centre For Disease Control

Here are the #StocksInFocus

#BudgetWithCNBCTV18 | DM will introduce bill to set up Development Financial Institution providing Rs 20,000 cr

Here are the #StocksInFocus

Read 19 tweets
#UnionBudget2021 | This Budget recognises circumstances like never before, in view of calamities that have affected a country or a region within a country. But what we have endured with COVID-19 to 2020 is Sui generis: FM Nirmala Sitharaman
#UnionBudget2021 | Under #AtmaNirbharBharat FM #NirmalaSitharaman announces 27.1 lakh crore package which is equivalent to 13% of the GDP
Read 29 tweets
#DiwaliStimulus: Highlights from Finance Minister @nsitharaman's press conference…

By @iyer_sriram
The Indian government unveiled a fresh set of measures to battle the economic crisis worsened by the #COVID19 crisis.

#economy #NirmalaSitaraman
To back her argument, @nsitharaman cited the Moody's report, which said the contraction in gross domestic product (GDP), for financial year ending 2021, could be 8.1% as opposed to its previous estimate 9.6%.

#economy #NirmalaSitaraman
Read 12 tweets
#ReadingSession - #Thread on "Report of the Task Force on an IT Strategy for PDS and an implementable solution for the direct transfer of subsidy for Food and Kerosene" - Oct 2011 aka #NandanPDSTaskForce which first mooted the idea of #PDSN. It is important to understand #ONORC
The report is here -…

Before dwelling in - Note the title - Czar didn't like 'commitees' and hence called whatever he was part of, as - task force - Though no task was done!
Members of committee - All ex-officio secretaries, except 2 from the illegal executive body UIDAI. This was basically done by "#Aadhaar lobby".

May 2020 -… - Nandan funded media calling 'Anti Aadhaar lobby' in NAC stalled it in UPA era.
Read 35 tweets
Long thread on Indian Budget 2020-21. Let’s be cynical for a change & question the rationale of initiatives. Because I can’t understand some things the way they are. I’m sure however that we as a nation do believe in good luck. Else we seem to be cruising without compass.
If you couldn’t understand why we needed 2.5 hours speech to convey this budget, you’re not alone. To simplify, GDP = Consumption + Investment + Govt spends + (Exports – Imports).We need all cylinders to fire, for #India with highest working age population in the world.Let's see
Basics first:
On a Rs 30.4 lac cr budget, govt will earn 74% & borrow rest 26%. Of this, 23% will be spent on interest payments. On balance 77%, Defense takes 11%, police forces 4%, subsidies 7%, Railways 7%, tax administration 5%, pensions 7%.
Read 26 tweets
(1/n) •Domestic company corp tax cut from 30% to 22 % percent if
they don't avail any exemptions or incentives from FY20
• Effective tax for these companies rate 25.17 percent inclusive of all
surcharge and cesses. Applicable for current fiscal
(2/n) *listed companies which have announced buyback of shares prior to July 5 will not be charged with super rich tax
*All the measures announced will give relief of 1.45 lakh crores annually
(3/n) *Roll back of enhanced surcharge introduced in Budget on capital gain arising from sale of equity shares in a company liable for STT .
* super-rich tax will not to apply on capital gains from sale of any security including derivatives for FPIs.
Read 15 tweets
(1/n) Among many things addressed today in Finance Minister's Meet with Press, she addressed there will be development of Credit Default Swap (CDS) Markets in consultation with @SEBI and @RBI RBI. This step was taken following the credit events of IL&FS, DHFL etc in past yr
@sebi @RBI (2/n) Now what is Credit Default Swap (CDS)/ Markets?
CDS is kind of an insurance against a risk of default on a loan by a company. Company – reference entity, default – credit event.
@sebi @RBI (3/n)Why will a seller do that? Coz under such contract buyer will pay a regular amt to seller 4 protection he has bought for his bond, incase of a credit event. Seller will gain incase there is no credit event since he has got regular payment from buyer for his ‘protection’.
Read 17 tweets

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