Will allow private sector to set up DFIs too, Nirmala Sitharaman tells News18, hours after Budget speech
Typically, DFIs don't accept public deposits and they generally raise capital by borrowing funds from the government and selling their bonds to the general public
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said
The government unveiled the scheme as part of an effort to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector
These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her speech in the Lok Sabha
Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources
Inverted duty structure impacts the domestic industry as manufacturers have to pay more for raw material in terms of duty, while the finished product lands at lower duty and cost
Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF
IMF’s chief economist Gita Gopinath said more public infrastructure spending is needed and that the Government of India has expressed its intention to do so
The infrastructure sector has been one of the most impacted due to the pandemic and companies have come under considerable financial stress.
Union Budget 2021: Focus must be on creating demand, encouraging infrastructure spending, says India Inc survey
India Inc expects the government to continue with its policy focus on strengthening the manufacturing ecosystem, promoting research and development, and incentivising futuristic technologies
Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayed
India’s bankruptcy court had approved ArcelorMittal’s $6 billion-bid for debt-ridden Essar on 8 March, potentially ending months of court battles and opening the sector to outsiders.