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    Finance Minister Smt. Nirmala Sitharaman holds 5th review meeting on CAPEX of CPSEs to boost expenditure in economy
    Cabinet approves Capital infusion into NIIF Infrastructure Debt Financing Platform comprising Aseem Infrastructure Finance Limited and NIIF Infrastruc...
    Finance Minister Smt. Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise
    Finance Minister Smt. Nirmala Sitharaman attends the G20 Finance Ministers virtual meeting
    Finance Minister Smt. Nirmala Sitharaman attends 1st BRICS Finance Ministers and Central Bank Governors Meeting
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    November 27, 2020
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    Capital expenditure targets for public sector enterprises must be accelerated and closely monitored to support economic recovery.
    Capital expenditure by Central Public Sector Enterprises is directed to be accelerated as a key economic driver, with ministry secretaries and CPSE leadership instructed to monitor performance, resolve impediments, ensure timely utilisation of allocated capital outlays, and meet sequential quarterly utilisation benchmarks to support economic recovery.
    November 25, 2020
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    Government equity infusion into NIIF debt platform to catalyse pension and sovereign investments and scale infrastructure debt financing.
    Government approval authorises phased equity infusion into the NIIF Infrastructure Debt Financing Platform on conditions of fiscal readiness and demand; NIIF must use this capital to catalyse equity from domestic and global pension, insurance and sovereign wealth funds. The platform comprises two NBFCs-one targeting under construction and near operational assets and an NBFC IDF serving as a take out vehicle for mature assets-with in house appraisal, bond market intermediation, and external capital raising as core operational measures to scale infrastructure debt financing and relieve bank exposures.
    November 24, 2020
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    Opening sectors to foreign investment expands participation and promotes domestic competitiveness through targeted reforms and investment facilitation.
    The Government is advancing reforms to attract MNCs by liberalising niche sectors to foreign participation, promoting disinvestment and financial sector professionalisation, and facilitating sovereign fund partnerships. It is establishing Special Manufacturing Zones for Pharma, Medical Devices and APIs with a unified single window mechanism and proposing slab based incentives tied to FDI size to strengthen domestic competitiveness and integrate India into global value chains.
    November 21, 2020
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    G20 Action Plan reinforces coordinated economic response and recovery, prioritising vaccine access and debt suspension measures.
    Participation in the G20 Finance Ministers meeting emphasised the G20 Action Plan as the central coordinating framework for immediate crisis response and long term recovery, stressed affordability and accessibility of vaccines, and called for collective implementation of the Debt Service Suspension Initiative as a key deliverable requiring coordinated action by G20 members.
    November 9, 2020
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    Taxation of the digital economy: consensus-based solution urged to ensure fairness and sustainability of tax systems.
    The meeting endorsed the G20 Action Plan and the Debt Service Suspension Initiative as central multilateral responses to COVID 19, urged a consensus solution for taxation of the digital economy to ensure fairness and sustainability of tax systems, supported expansion of the New Development Bank's membership with attention to regional balance, and considered development of an integrated digital platform to foster infrastructure investment and information sharing.

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