Tag: Nirmala Sitharaman

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...

India’s quick response to COVID, vaccination drive resulting in ‘V-shape-recovery’: FM Sitharaman

India’s quick response in limiting the impact of the COVID-19 pandemic and undertaking massive vaccination drives are resulting in a “V-shaped recovery”, said Union Finance...

India’s import of arms decreases by 33 per cent, says SIPRI

India’s import of arms decreased by 33 per cent between 2011-15 and 2016-20 and Russia was the most affected supplier, according to a report released...

5 new income tax rules that will come into effect from 1 April

Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. These changes are set to...

CEA Krishnamurthy Subramanian explains the economic rationale behind Modi govt’s policy response to Covid

How did India handle the previous two economic crises — the Asian and the global financial crises? What can we learn from them to understand...

Modi govt has been quietly following the idea of Aatmanirbharta for the past seven years

During the peak Covid period in May last year, Swedish automotive safety equipment supplier, Autoliv, was scouting for a land parcel of 50-60 acres to...

Explore PPP for viable projects in National Infrastructure Pipeline, says FM Sitharaman

Finance minister Nirmala Sitharaman said that there is a need to explore public private participation (PPP) mode for viable projects and use government funding for...

PM Modi sets target of Rs 2.5 lakh crore from asset monetisation | India News

NEW DELHI: Prime Minister Narendra Modi said on Wednesday that the planned privatisation of state-run enterprises will help free up resources for spending on welfare,...

Australia to lead cross-govt liasoning for Gagnayaan tracking terminal | India News

BENGLAURU: India’s first human spaceflight mission (Gaganyaan), which has already seen multiple countries providing assistance — Russia and France primarily — will also see Australia...

View: Why India cannot apply rich countries’ current orthodoxy of running on debt

How things change! In just one decade, fiscal austerity has gone from being a virtue to a vice. The IMF, which used to hold fiscal...

View: Budget 2021 is a shot in the arm for India’s war on air pollution

Just like the vaccine shots for Covid-19, Budget 2021 has come as a shot in the arm for India’s war on air pollution. The allocation...

You spend on infra and you create a capital asset, jobs, demand: Nirmala Sitharaman

Your budget has been described as one of the great recent budgets. Were you expecting such a reaction? Our priority was only to make sure...