Tag: Nirmala Sitharaman

FSDC meeting on September 3; to take stock of economy, financial sector

Finance Minister Nirmala Sitharaman has called a meeting of the Financial Stability and Development Council (FSDC) on September 3 to discuss the state of the...

Govt hikes pension payout for families of deceased PSB bankers to 30%. Key things to know

Family members of deceased Public Sector Banks (PSB) bankers will now get pension of 30% of last drawn salary as against earlier ₹9,284, announced Department...

FM Nirmala Sitharaman launches new fund for MSMEs

Uttar Pradesh’s ‘One District One Product’ (ODOP) programme will aid in effective identification of “champion sectors” amongst MSMEs under the ‘Ubharte Sitaare Fund’, union finance...

We are not blind to the challenges ordinary family in India faces in having to pay so much for fuel: Nirmala Sitharaman

India is ideally placed to attract businesses looking to move out of China, finance minister Nirmala Sitharaman said in an interview to Deepshikha Sikarwar and...

Nirmala Sitharaman: India has to be Atmanirbhar in renewable energy, start chip manufacturing: Nirmala Sitharaman

Uday Kotak, Outgoing President, CII, Sanjiv Bajaj, President-Designate, CII and Rishad Premji, Chairman, Wipro, in conversation with Finance Minister Nirmala Sitharaman at the CII annual...

Over 25.82 lakh ITRs filed, 7.90 lakh e-PANs allocated at new IT e-filing portal: Data

The new Income Tax Department website, which has been marred by glitches, has successfully received over 25 lakh returns, more than 3.57 crore unique logins...

What the changes to Deposit Insurance Act mean for investors

In a major relief to depositors of troubled banks, the Union Cabinet on Wednesday approved an amendment to the Deposit Insurance and Credit Guarantee Corporation...

Wide-ranging reforms make India attractive destination for investment: FM Nirmala Sitharaman

India’s continuous wide-ranging reforms make the country an attractive destination for foreign investments, Finance Minister Nirmala Sitharaman said on Friday while addressing executives of top...

Launch of BHIM-UPI in Bhutan to further strengthen bilateral ties: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the launch of BHIM-UPI QR-based payments in Bhutan will further strengthen the cooperation between the two neighbouring nations....

11 million avail Rs 2.75 lakh crore under govt’s credit guarantee scheme

More than 11 million businesses and individuals have availed nearly ₹2.75 lakh crore under the government’s credit guarantee scheme to provide working capital and emergency...

RBI should not print money to finance fiscal deficit: Pinaki Chakraborty

The RBI should not print money to finance the fiscal deficit as it will lead to fiscal profligacy, eminent economist Pinaki Chakraborty said on Sunday,...

FinMin, Infosys meet on glitches in new I-T portal on Tuesday; to discuss stakeholder inputs

Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance...

Non-BJP state FMs object to GST Council meeting decisions

West Bengal’s finance minister Amit Mitra wrote to Nirmala Sitharaman after the GST Council meeting Saturday, expressing his strong dissent on the decisions to levy...

FM asks infra ministries, CPSEs to front-load capex, explore PPP mode for viable projects

Finance minister Nirmala Sitharaman asked ministries to front-load their capital expenditure and achieve more than the set targets during the performance review on infrastructure roadmap...

Bengal FM asks Sitharaman to up borrowing limit for states to 5% of GSDP unconditionally

West Bengal finance minister Amit Mitra has asked the Centre to revise its projections of compensation cess due to states for FY22 to Rs 2.13...

Industry hails late-fee relief for GST non-filers, demands zero tax rate on med devices, health services

Industry chambers on Saturday said the GST amnesty of reducing late fees for delayed monthly return filing will provide some relief to small taxpayers, and...

Stage set for a stormy GST meet today

Expect a showdown when the GST council sits today after nearly six months for its 43rd meeting. The agenda includes issues such as tax relief...

FY’22 GST compensation shortfall estimated at Rs 2.69 lakh crore

The shortfall in GST compensation payable to states in the current fiscal is estimated at Rs 2.69 lakh crore, of which Rs 1.58 lakh crore...

FM Sitharaman says items already exempted from tax listed in Mamata Banerjee’s letter to PM Modi

Responding to West Bengal Chief Minister Mamata Banerjee‘s letter to Prime Minister Narendra Modi seeking exemption from duties and taxes on some COVID-related items, Union...

BJP main opposition in Bengal, will continue to spread its ideology: JP Nadda | India News

BJP president JP Nadda (File photo) NEW DELHI: With the hard work of party workers, the BJP has been established as the main opposition party...

BJP leader writes to FM on mediclaim rejections, demands CM to impose NSA against black marketeers | India News

BHOPAL: Amid reports of black marketing of Remdesivir injections and claim rejection by insurance companies to the Covid affected families, former vice-president of Mineral Development...

Introduction of bad bank can make existing ARCs more effective: RBI paper

Introduction of a bad bank may help “shape the operations” of the existing asset reconstruction companies (ARCs), an RBI paper said on Monday, noting that...

Handset makers, retailers divided over essential tag for smartphone

Offline retailers have opposed moves by mobile phone makers to tag handsets as essential products and exempt them from restrictions on commercial activities that are...

Industry in recovery mode, Budget proposals on course: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said the industry is in recovery mode and several Budget proposals are on course, including disinvestment, despite a fresh...

Pandemic has brought into focus the necessity of low-cost urban transport system

In her budget speech, Finance Minister Nirmala Sitharaman made a passing reference to two mass transport systems — MetroLite and MetroNeo. The FM said these...