Page 23 - Anurag Thakur

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

Some states against borrowing options to meet GST shortfall: MoS Finance

Some states have objected to the proposed borrowing plan of the Centre to fund the GST revenue shortfall and they are being requested to exercise either of the two options, Anurag Singh Thakur said

Impact of corporate tax rate cut to be felt in coming years: Anurag Thakur

Govt said the lowering of corporate tax rate has made India a globally competitive and favoured destination for investment and the impact of this landmark reform will be felt in the coming years

No proposal for raising FII limit in public sector banks to 49%: Thakur

There is no proposal for raising FII ceiling in public sector banks to 49 per cent from 20 per cent for capital mobilisation, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha

FDI inflow from China declines to $163.77 million in FY20: Anurag Thakur

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Anurag Singh Thakur informed Lok Sabha

Need to strengthen corp governance; adopt best global practices: Thakur

There is a need to strengthen corporate governance and India Inc should look at adopting global best practices and benchmarks in the interest of consumers, MoS for Finance Anurag Thakur said

Govt determined to make income tax system seamless: Anurag Thakur

The government is determined to successfully implement an income tax system that is "seamless, painless and faceless", Minister of State for Finance Anurag Thakur said on Thursday. He made the comments while responding to a tweet by former Union minister and Congress leader Milind Deora that if implemented well, the faceless assessment and appeal will make India a more business friendly nation. In a major overhaul of tax administration, Prime Minister Narendra Modi on Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials. "Dear Milind, I assure you, we are determined to successfully implement the vision laid out by PM @narendramodi of a "SEAMLESS", "PAINLESS" and "FACELESS" @IncomeTaxIndia system. I look forward to your feedback!," Thakur said in a tweet. Replying to the minister, Deora said, "Good to hear that, Anurag. It's been well received by Chartered Accountants & industry, especially MSMEs. Less tax litigation ...

India Inc should come forward, invest and show the world: MoS Thakur

On the robustness of the financial sector, he said, the government has infused more than Rs 5 trillion for recapitalisation of public sector banks (PSBs)

More measures to deal with Covid-19 crisis soon, says Anurag Thakur

Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.

Highlights: FM aims to help migrant workers, Congress says not enough done

Finance Minister Nirmala Sitharaman announced free food grains for 8 crore migrants for 2 months. Stay tuned with Business Standard for FM press conference live updates

Coronvirus won't have adverse impact on Indian economy: Anurag Thakur

"Additionally, a positive impact on India's economy may arise from a decline in global oil prices triggered by the outbreak of COVID19," he added.

Govt needs Rs 3.06 trillion in 20 days to meet direct tax target

The data showed that the government has collected 73.8 per cent of direct tax target as given in RE by March 10 and 88.71 per cent of indirect tax mop-up projection by February 29

ATMs still dispensing Rs 2,000 notes, no plans to withdraw them: Thakur

Currently, Rs 7.40 trillion worth of Rs 2,000 notes is in circulation.

Oppn demands Amit Shah's resignation for 'failing' to control Delhi riots

Chowdhury sought resignation of Shah, a demand echoed by TMC's Saugata Roy and N K Premchandran of RSP.

US-China trade war, coronavirus have impacted global economy: Anurag Thkaur

He was asked about on Moody's forecast which has put India's GDP forecast at 5.3% in 2020.

Anti-CAA protests: SC asks Mander to respond to allegations of hate speech

The top court, however, made it clear that it had not issued a contempt notice to Mander and said it would hear the plea on April 15

Delhi violence: Anurag Thakur ducks question on 'goli maro' remark

Sitharaman said, "No reaction. I am here to address the question. No reaction. Today's meeting will concentrate on what's been done with the banks."

Anurag Thakur calls for strict action against those involved in Delhi riots

When journalists mentioned the wordings of the alleged hate speech by him, the BJP leader shot back, "This is not what I said..."

AGR dues paid by telcos to reflect in FY20 revenue receipts: Report

Officials said the amount was not much to have any bearing on the fiscal position

Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth