Discover and read the best of Twitter Threads about #financeminister

Most recents (19)

Amendment to the Finance Bill 2023 - The #FinanceMinister has made all #DebtMutual fund investments ,after 01.04.2023 taxable as #ShortTermCapitalGains.

No #LTCG on DebtSchemes.

DebtSchemes will now be at par with #BankDeposits on taxation
Hybrid category will start becoming popular with more than 36% in Equity.

Expect more such offerings from #AMCs. Brace for more #volatility in New offerings.
No implications if you continue to hold your existing #DebtPortfolio. Only if you invest fresh funds post 1 April 2023, there will be only STCG like #BankDeposits.
Read 4 tweets
1/7: Very quick reading of #Budget2023-

🔸The #FinanceMinister claimed that #PMAwasYojana has jumped by 66%. In reality, allocations have dropped by 11% from ₹90K cr (AE 2021-22) to ₹79.5K (this year)

How many more jumlas will the @BJP4India Govt throw at India?
2/7: Not a single word in the FM’s speech for workers/labourers. Plus, only 0.1% allocation to Labour Ministry. Additionally, budget for the Employees Pension Scheme has halved, from ₹18,478 crores (AE 2021-22 to ₹9167 this year).

Na kaam karunga, na karne dunga?
3/7: For a Govt that claims to be pro-poor, it’s strange that allocations for #MGNREGA have dropped from ₹98,468 crores (AE 2021-22) to ₹60,000 crores this year.

That’s a drop of ₹38,468 crores at a time when more Indians depend on #NREGA for subsistence.
Read 7 tweets
- #EPFO scheme extended till March 31, 2022.

- Free #visa capped at one per individual.

And some other announcements made by the Finance Minister in today's press conference.

Take a look.

#FM @FinMinIndia #FinanceMinister Image
Extension of Atmanirbhar Bharat Rozgar Yojana till March 30: Finance Minister #NirmalaSitharaman Image
Govt announces measures to revive #tourism.

Free Tourist #Visa to 5 lakh tourists announced. Image
Read 5 tweets
१)#BPCL खासगीकरण,कंपनी माहिती
२)#share सरकारला फायदा
३)BPCL अस्तित्व
२०२०-२१ बजेटनुसार सरकारला खासगीकरणातुन २.१लाख करोड रु. उभे करायचे आहेत पण सध्या ते अशक्यच आहे..सरकारने #BPCL विकायला काढलीय पण आश्र्चर्याची गोष्ट #RelianceIndustries ने बिडींगमध्ये सहभाग घेतला नाही.रिलायन्स सोबत
जगभरातील नावाजलेल्या कंपन्या जसेकी #saudi_aramco,इंग्लंडची #BP(british petroleum) व फ्रांन्सची #total यांनीही बिडींगमध्ये निरूत्साह दाखवला आहे.
**BPCL बद्दल थोडी माहिती:-
१८८६ साली भारत पेट्रोलियमची नोंद स्काॅटलॅंडमध्ये करण्यात आली कारण तेव्हा भारतावर ब्रिटिशांचे राज्य होते..
आज आपण जी भारत पेट्रोलियम (BPCL) पाहतोय तिचे सुरूवातीचे नाव 'Rangoon(रंगुन) oil and exploration company' असे होते.त्यावेळीस आसाम व बर्मा(आजचा म्यानमार) मध्ये तेलाच्या खाणी शोधण्यासाठी कंपनीची स्थापना करण्यात आली होती.आज कंपनीत १२,१५७ कामगार काम करतात.#BPCL मध्ये सरकारची‌ ५२.९%
Read 10 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
Recap in progress... #FinanceMinister

There is strong recovery in economy
Covid cases, fatality rate easing
Stock market capitalization at record high
Forex reserves at $560 bn
Energy consumption see 12% growth in Oct

Note: Only English notes will be provided, no translation😎
GST collections good, Bank credit improves by 5.1%, FDI inflows see 13% rise.
RBI predicts the possibility of a strong recovery by Q3, 1 quarter ahead of expectations.

Moody's revises India GDP forecast for:

CY20 to -8.9% from -9.6% earlier.
CY21 to 8.6% from 8.1% earlier.
Progress of announcements made during #AtmaNirbharBharat 1.0, 2.0

Recap on important ones only😀
- Inter-state portability of ration card achieved, covering 68.6 cr beneficiaries, across 28 states
- 1.5 cr monthly transactions on intra-state portable ration cards
Img: CNBC TV18
Read 20 tweets
#MonsoonSession of the Parliament begins today with #COVID19 protocols in mind. The session will run from Sept 14-Oct 1, 2020 in a total of 18 sittings. The Parliament has 46 Bills pending currently. Image
DMK Presidents MK Stalin (@mkstalin) says 2 days not enough to discuss issues regarding #NEET exams, National Education Policy 2020 as many students died by suicide due to exam issues. "I had also urged the Govt. to pass a resolution for it but my appeal was rejected," he added. Image
#MonsoonSession: The Parliament adopts motion to withdraw the Banking Regulation Bill Amendment, 2020 after motion was moved by #FinanceMinister Nirmala Sitharaman (@nsitharaman ). Image
Read 5 tweets
#IncomeTax PM Narendra Modi launches #TransparentTaxation platform, says "Tax system should be seamless, painless, faceless."
"Faceless assessment & taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25,” PM Modi.

#TransparentTaxation| Tax scrutiny has dropped to 0.26% of all returns: PM Modi
Read 6 tweets
Engineering a City #thread
Having spent my entire childhood in #Kochi (#Cochin ), it feels criminal to not know the story of how the city came to be the #metropolis it is today. Putting together a thread to trace the journey of the city which has been so endearingly mine (1)
Part 1: The #Malabar Mud-Banks
The story of Cochin is not just about how an engineering marvel can change social fabric, but also of many tenets of #British #Colonialism in India which is often taken for granted, passed off lazily as exploitation, missing nuance (2)
As with any coastal town, the cultural and economic history of Kochi is intertwined with maritime trade routes since the time of the Early Romans and Arabs. Thanks to the #biennale , most of us would now be familiar with the term #Muzuris (3)
Read 60 tweets
Thread on #FinanceMinister's 2nd PC.
- Focus on migrant workers, street vendors, traders, small farmers
- 9 steps in total: 3 for migrant workers, 1 to sishu loan mudra, 1 for street vendors, 2 for small farmers and some more...
- overlaps with packages will exist.

- 3 crore farmers availed loans at concessional rates, with loans aggregating to Rs. 4L cr.
- Interest subvention was extended till Mar & now till 31 May 2020
- 25 lakh new kisan credit cards given to marginal farmers, totaling 25,000 cr of loans

#20LakhCrorePackage #20lakhcrore
- Liquidity support for farmers & rural economy continued in last 2 mths (#COVID19 duration); Banks have lent continuously
- Refinancing of 29,000 cr by NABARD in Mar alone
- RIDF support of 4,200 cr for rural infra
- state govts sanctioned 6700 cr to procure agri produce
Read 8 tweets
Announcement by #FinanceMinister

▪️ Deadline for #incometax return extended to June 30

▪️March, April, May #GST return, extended to June 30

▪️Companies having less than Rs 5 cr turnover - no interest, no late fee, no penalty for GST. For Rs 5 Cr+ turnover - interest rate 9% Image
#Debit card holders can withdraw cash without any charges from any other bank's ATM for next 3 months (30/06/2020)

▪️No penalty for not maintaining minimum balance

▪️ Transaction charges on digital trade has been reduced
For newly incorporated companies: 6 more months to file commencement of business report
Read 3 tweets
#FinanceMinister @nsitharaman on #YesBank:
*Cabinet has approved the reconstruction scheme for Yes Bank
*Interest of depositors, stable fin environment at the core of reconstruction scheme
*Key features of reconstruction plan will be available in detail as soon as notified
#FinanceMinister @nsitharaman on #YesBank:
*Yes Bank reconstruction scheme will be notified very soon
*SBI coming in at 49% at the moment
*3 year lock-in period for SBI for at least 26% of their investment
*3 year lock-in period for private investors for 75% of their investment
#FinanceMinister @nsitharaman on #YesBank:
*Moratorium on Yes Bank to be lifted within 3 days of notification of scheme
*New board to be constituted within 7 days of moratorium being lifted
*Board will have at least 2 members from SBI
Read 5 tweets
A tweet thread on #India's #Government #Finances
1. They are in a deep mess. The #Punjab #FinanceMinister came out of a #GSTCouncil meeting to suggest that the #UnionGovt may be close to a #SovereignDefault, because it is unable to p[ay out to the States's their share of GST.
That may be hyperbole. A sovereign default is when the Govt is so cash strapped that it is unable to service its debt. I'm not sure India is anywhere near that dire situation as yet.
But that does not mean that the Public finances are rosy. In fact they are dire in the extreme!
Read 14 tweets
The rot afflicting PSBs had started in 1976 when the #SBIAct was amended to authorise the Govt to remove the SBI Chairman w/o citing any reason.

Prior to this, chairman couldn't be removed before completion of his term, w/o giving "sufficient ground".
This amendment to SBI Act is commonly known in banking circles as #theTalwarAmendment as it's sole purpose at that time was to remove #RKTalwar, the most illustrious chairman of #SBI, who refused to bow to a diktat of #SanjayGandhi, the most powerful politician at the time.
The complete story behind this amendment is given in a booklet "R K Talwar: Values in Leadership" by #NVaghul, the illustrious chairman of #ICICIBank, who started his career in SBI and had been mentored by none other than Talwar himself. The story briefly goes as under.
Read 18 tweets
#FinanceMinister has today unleashed the best shot so far in #Modinomics!

This is a Yug-parivartan move. Endless dimensions on which #NewIndia will be rocketing up now! 1/n
The battle on Black-money waged by @narendramodi Ji will now find a long term leash! No one was born to be a thief. High taxes motivated people to be. That motivation is diluted big time today! An honest, compliant, economic powerhouse of a #NewIndia is now enabled. 2/n
Everyone getting amazed that this Govt. is ready to earn less and spend more is totally wrong. #Modinomics magic is not yet understood. Laffer Curve clearly stands proven over 100s of years. Convexity of Tax-collection to Tax-rate is well know. 3/n
Read 9 tweets
Government, on August 13, issued a 'Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs'. This scheme is a step in right direction towards solving the liquidity crunch that NBFCs are faced with. Thread (1/12)
It may be recalled that the Finance Minister, in her budget speech, had made an announcement to this effect. Thid scheme attempts to address temporary asset liability mismatches of NBFCs/HFCs so that they don't have to resort to distress sale owing to paucity of liquidity. 2/12
The major features of this scheme are:
A) It is a one time guarantee provided by GoI, for a period of 24 months.
B) The schemes is only applicable to PSU banks for first loss of up to 10%
C) Guarantee can be invoked if the credit rating of the pool goes to 'D' (default). 3/12
Read 16 tweets
?Why #AsadUmar resigned from Finance Ministry
اسد عمر کا استعفی، عمران خان کی پہلی وکٹ گر گئی۔ ویڈیو پارٹ 1
@ImranKhanPTI @Asad_Umar @CMShehbaz
#FinanceMinister #AsadUmar #Khan
Why #AsadUmar resigned from Finance Ministry
اسد عمر کا استعفی، عمران خان کی پہلی وکٹ گر گئی۔ ویڈیو پارٹ 2
@ImranKhanPTI @Asad_Umar @CMShehbaz
#FinanceMinister #AsadUmar #Khan
Why #AsadUmar resigned from Finance Ministry
اسد عمر کا استعفی، عمران خان کی پہلی وکٹ گر گئی۔ ویڈیو پارٹ 3
@ImranKhanPTI @Asad_Umar @CMShehbaz
#FinanceMinister #AsadUmar #Khan
Read 3 tweets
"Apa Yang Kita Perlu Faham Mengenai Hutang Negara?"

Ditulis oleh: Ayman Rashdan Wong
(Ini adalah untaian)
#Malaysia #MalaysiaDebt #Debt #Hutang #FinanceMinister #MalaysiaBaharu #Ekonomi #GDP #Economy #EkonomiTerkini
Silakan retweet dan like
Tengok timeline penuh dengan ulasan tentang hutang negara, dari ulasan pakar hingga ulasan macam pakar hingga ulasan kalah pakar. Tangan den pun terasa gatal nak tulis, tapi memandangkan ini bulan Ramadan, jadi usahlah menimbulkan perbalahan.
Cuma, sebelum berbincang dan berdebat berkenaan hutang negara, ada beberapa konsep asas yang perlu difahami.
Read 20 tweets

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