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Best of BS Opinion: The credit push, post-Covid economy, and more

Finance Minister Nirmala Sitharaman on Monday announced another set of measures to provide relief and enable various sectors to deal with the disruption caused by the pandemic. Although the announcements are well-intentioned, they are unlikely to change much on the ground. It is clear that, like last year, the government’s focus is on providing relief and not necessarily boosting demand through direct government spending, which is also the right thing to do at this stage because the pandemic is not over, and there will be recurring calls on the treasury at a time when the revenue mobilisation is expected to remain muted, argues our

Govt Plans To Announce Stimulus Package

Govt Plans To Announce Stimulus Package
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Exempting Covid vaccine from GST would be counterproductive: FM Sitharaman to Bengal CM

Exempting Covid vaccine from GST would be counterproductive: FM Sitharaman to Bengal CM Exempting Covid vaccine from GST would be counterproductive: FM Sitharaman to Bengal CM Union Finance Minister Nirmala Sitharaman has responded to a letter West Bengal CM Mamata Banerjee wrote to PM Narendra Modi. Exempting Covid-19 vaccines from GST would be counterproductive, said the FM. advertisement UPDATED: May 10, 2021 00:52 IST File photos of West Bengal CM Mamata Banerjee and Union Finance Minister Nirmala Sitharaman (Photo Credits: PTI) HIGHLIGHTS Government paying GST to itself is a disappointing argument: Mahua Moitra GST at rates varying from 5% to 12% is applicable to domestic supplies, commercial import of these items: FM

Govt not going for lockdowns in big way, says FM Sitharaman amid Covid wave

Updated Apr 14, 2021 | 06:41 IST Finance Minister Nirmala Sitharaman has made it clear that the government would not go for lockdowns in a big way and only resort to local containment. Finance Minister Nirmala Sitharaman. (File photo)  New Delhi: Amid surging coronavirus cases in India, Finance Minister Nirmala Sitharaman on Tuesday made it clear that the government would not go for lockdowns in a big way and only resort to local containment. In a virtual meeting with World Bank Group President David Malpass, Sitharaman appreciated the initiatives of the international financial institution to increase the lending space for India to enhance availability of finance for development.

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