New Delhi, March 23 (IANS) In a fresh affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the constitution of a lenders’ committee to determine the actual dues owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for structured resolution of the liabilities. The supplementary counter-affidavit seeks the constitution of a lenders’ committee, anchored by the State Bank of India and Bank of Baroda, to determine the actual …
Latest Union Finance Minister Nirmala Sitharaman News & Updates
Hyderabad, March 13 (IANS) Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has demanded a probe by the Central agencies into the alleged irregular allocation of government contracts to KLSR Infratech Private Limited, a company, which he says is linked to Telangana Chief Minister Revanth Reddy as a benami entity.In a letter to Union Home Minister Amit Shah on Friday, he raised serious concerns over the deteriorating law and order situation in Telangana.In his letter, KTR alleged that…
Bengaluru, Feb 3 (IANS) Responding to allegations by the family of Bengaluru-based industrialist, Confident Group Founder and Chairman C.J. Roy, that pressure by the Income Tax department pushed him to suicide, Karnataka Home Minister G. Parameshwara stated that it was too early to link the death to the I-T pressure.Speaking to reporters in Bengaluru on Tuesday, Parameshwara said, “Everything will be ascertained once the probe is completed. Until then, we cannot arrive at any conclusion. It ca…
New Delhi, Feb 1 (IANS) The National Centre for Promotion of Employment for Disabled Persons (NCPEDP) has welcomed the Union Budget 2026-27 for introducing targeted initiatives for specially abled persons, describing the measures as timely and critical for advancing dignity, inclusion, and economic participation.Reacting to the Budget, NCPEDP Executive Director Arman Ali said that with over 70 million persons with disabilities in India, the launch of the Divyangjan Kaushal Yojana and Divyangjan …
New Delhi, Feb 1 (IANS) In a major relief initiative for victims of road accidents and their families, Union Finance Minister Nirmala Sitharaman announced during the presentation of the Union Budget for 2026-27 on Sunday that the interest accrued on motor accident compensation claims will be fully exempt from income tax. This proposal, aimed at ensuring victims receive the complete amount without deductions, also eliminates Tax Deducted at Source (TDS) on such interest payments. The announcement…
Ajmer, Jan 31 (IANS) Bishop of the Diocese of Rajasthan, Church of North India (CNI), Raimson Victor, on Saturday said that minority communities have high expectations from the upcoming Union Budget and appreciated the Central government’s efforts towards their welfare and development. Bishop Victor stated that the Minority Development and Finance Corporation under the Central government has played a significant role in providing employment opportunities and promoting self-reliance among minor…
Gandhinagar, Jan 19 (IANS) Under the nationwide financial awareness drive titled ‘Your Money, Your Right’, more than Rs 104 crore has been returned to original account holders in Gujarat, reaffirming the principle that every rupee saved by citizens rightfully belongs to them and their families.The campaign was formally launched in October 2025 from Gandhinagar, the capital of Gujarat, in the presence of Union Finance Minister Nirmala Sitharaman, who flagged off the initiative at the national lev…
New Delhi, Jan 5 (IANS) Chief Minister Rekha Gupta on Monday signed an MoU with the Reserve Bank of India, enabling the Central Bank to function as the banker, debt manager and financial agent of the government of the NCT of Delhi, facilitating easy market borrowings through State Development Loans for infra projects. The MoU enables the Reserve Bank of India to function as the banker, debt manager, and financial agent of the government of the NCT of Delhi, facilitating market borrowings through…