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Tag: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman
Discussions On With RBI Over Digital Currency: FM

Replying to questions after addressing the RBI's Central Board of Directors here on Monday, Sitharaman said the central bank and the government are on board regarding digital currencies.

Budget 2022-23
Union Budget 2022: No Midas Touch On Personal Taxes, Know New Tax Proposals On Digital Assets

A new updated return filing system is proposed wherein a voluntary updated return can be filed within 2 years from the end of the relevant Assessment Year (AY)

Pure-Bred 'Horse Trading' Made Free
Union Budget 2022: 'Horse Trading' Made Free, Kaju to Khajur & Nighties To Trousers Cheaper

The FM has taxed high where that hurts Indian local industries, and has gone liberal where the imports as inputs are critical for Indian industries to run the show

Central Tax Devolution To Odisha In 2022-23
36.97K Cr For Odisha In Budget 2022-23 As Pandemic Stress On Centre's Earnings Eases

Pandemic blow is writ large. As against the 15th FC award of Rs 114,777 cr to Odisha for FY 21-23, State will be receiving Rs 70,674 cr

PM e-Vidya Programme To Be Expanded To 200 TV Channels: FM Sitharaman

Under the PM e-Vidya programme, there will be 200 DTH channels dedicated to Classes 1 to 12, which will enable all the states to provide supplementary education in regional languages, the Finance Minister said.

Budget 2022
Union Budget: Sops For Capex, Infra, MSME, Electric Vehicles

What is noteworthy is the investment in cargo terminals, logistic parks, railways modernisation and importantly, the integration between the transport systems, it said.

New Age Business
Budget Gives Renewed Thrust To New-Age Businesses For $5 Tn Economy

There will also be a 1 per cent tax deducted at source (TDS) on the payments made for the transfer of digital assets.

Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman Dons Odisha’s Bomkai Saree During Budget Presentation

Sitharam kept her look simple and elegant with the Bomkai Patta saree which was weaved in two colours- brown and red. She paired her saree with a white shawl and white face mask.

PM Awas Yojana
80 Lakh Houses To Be Completed In FY23 Under PM Awas Yojana; Rs 48K Cr Allocation In Budget

For better land records management, Sitharaman said the states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of records.

Defence Budget
Budget 2022: 68% Capital Expenditure Boost For Domestic Procurement In Defence

The minister said that defence research and development will be opened up for the industry, startups and academia with 25 per cent of the defence research and development budget earmarked.

National Tele-Mental Health Programme
National Tele-Mental Health Programme To Be Launched

The programme will consist of 23 tele-mental health centres as a part of the network with NIHMANS being the central agency.

Budget 2022
Economics Of Budget 2022: Blueprint For India At 75 To India At 100

Coming to the Budget Estimates, the total expenditure in 2022-23 is estimated at Rs 39.45 lakh crore, while the total receipts other than borrowings are estimated at Rs 22.84 lakh crore.

Govt Enhances PLI For Domestic Solar Cells, Modules Manufacturing To Rs 24,000 Cr
Govt Enhances PLI For Domestic Solar Cells, Modules Manufacturing To Rs 24,000 Cr

In her Budget speech on Tuesday, Sitharaman stated that the risks of climate change are the strongest negative externalities that affect India and other countries.

Budget 2022: 30 Pc Tax On Income From Cryptocurrency, Virtual Assets; 1 Pc TDS On Buy/Sale

The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.

Post Office Accounts
35 Crore Post Office Accounts With Deposits Of Rs 10 Lakh Cr Connected To Banking System

At present, the Post Office deposits limited transfer of funds within their ecosystem as the same was not connected to the banking ecosystem..

Natural Farming
Chemical-Free, Natural Farming With Focus On Ganga Basin To Be Promoted: FM Sitharaman

The Finance Minister further said that Kisan drones will be used for crop assessments, land records, and spraying of insecticides to drive a wave of technology in the agriculture and farming sector.

Finance Minister Nirmala Sitharaman
Nirmala Sitharaman Delivers Budget 2022-23 In Shortest Speech

In 2019, she had made the longest speech at two hours and 15 minutes (135 minutes), only to top that the next year, in 2020, to speak for over 160 minutes.

Union Budget 2022
Finance Minister Nirmala Sitharaman Announces To Set Up Digital University

The Finance Minister said education in this university will be made available in different Indian languages and ICT formats.

RBI Likely To Hike Interest Rates By Up To 100 Basis Points In 2022
India To Get Its Own Digital Currency By RBI Next Year: FM Nirmala Sitharaman

The Reserve Bank of India (RBI) has already been deliberating upon various aspects relating to the central bank digital currency and private crypto currencies.

Indian Railways
2000 Km Of Rail Network To Be Brought Under KAWACH Tech: FM Sitharaman

'Kawach' is indigenously developed anti-collision device to prevent accidents to achieve railways its goal of zero accidents.

FM Sitharaman
100 PM Gati Shakti Cargo Terminals To Be Developed In 3 Years: FM Sitharaman

Sitharaman said that projects, supported by energy transmission, IT communication, bulk water and sewerage, in national infrastructure pipeline which pertains to seven engines will be aligned with PM Gati Shakti Framework.

FM Sitharaman
Kisan Drones For Crop Assessment: FM Nirmala Sitharaman

Natural farming will be promoted along the Ganga corridor, the Finance Minister said.

FM Nirmala Sitharaman
PLI Scheme May Generate 60 Lakh Jobs In Next 5 Years: Finance Minister Nirmala Sitharaman

The PLI scheme has the potential for additional production of Rs 30 lakh crore worth products during the next five years, she added.

Budget 2022
Finance Minister Nirmala Sitharaman Says Growth To Be At 9.2%, Highest In The World

Union Finance Minister Nirmala Sitharaman while presenting the Union Budget on Tuesday said that India is set to clock growth rate of 9.2 per cent, which could be the highest in the world in the current fiscal.

1 B- India And Odisha In 2021
Economic Survey 2022: Darkness Galore Odisha In Country's First-Ever Luminous Map

Among 103 towns in Odisha, only a dozen passed the test of the geo-spatial and cartographic way of determining the growth in economic activity and development   

Nirmala Sitharaman
Finance Minister Nirmala Sitharaman Tables Economic Survey 2021-22 In Lok Sabha

The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

Union Budget 2022-23
Union Budget 2022-23: Relief For 'Work From Home' Employees Likely!

As per Deloitte, the Union Budget 202-23 may introduce additional deduction towards “work from home

Union Budget 2022-23: FM May Give Relief 'Tablet'
Union Budget 2022-23: FM Sitharaman's 'Tablet' Will Give Big Relief To Salaried Class!  

Recently, the Union Finance Minister has said that the upcoming Budget will be of a kind never seen before. This drops the big clue.

India, US To Reinvigorate Action Against Terrorism-Financing, Money Laundering
India, US To Reinvigorate Action Against Terrorism-Financing, Money Laundering

In thier joint statement, Sitharaman and Yellen stressed "the importance of fighting financial crimes and on the effective implementation of the Financial Action Task Force (FATF) standards to protect our financial systems from abuse".

FM Sitharaman Announces Rs 1.1L Crore Loan Guarantee Scheme For Covid Affected Sectors
FM To Meet CEOs Of Public Sector Banks On Aug 25 To Review Financial Performance

Finance Minister Nirmala is scheduled to meet heads of public sector banks (PSBs) on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic.

FM Sitharaman Announces Rs 1.1L Crore Loan Guarantee Scheme For Covid Affected Sectors
FM Sitharaman Announces Rs 1.1L Crore Loan Guarantee Scheme For Covid Affected Sectors

The Centre announced eight economic relief measures for India Inc, state governments as well as microfinance credit users along with Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors.

Nirmala Sitharaman
Nirmala Sitharaman Points At Investment Opportunities In India To US Investors

Finance Minister Nirmala Sitharaman discussed opportunities in India for growth and investment on the back of the reform measures taken by government, during a global investors roundtable organised by the US-India Strategic Partnership Forum (USISPF).

Govt To Withdraw Cut In Rate On Small Savings Schemes: FM Sitharaman

New Delhi: In a relief to savers, Finance Minister Nirmala Sitharaman on Thursday said the government will withdraw orders to cut interest rate on small savings schemes and assured to restore the rates to last quarter of the financial year ending on March 31. In a jolt to savers, the Finance Ministry on Wednesday had […]

Union Budget Sets Pace For Aatmanirbhar Bharat: Finance Minister Sitharaman In LS
Insurance Amendment Bill In Lok Sabha

New Delhi: Finance Minister Nirmala Sitharaman said on Monday that raising the FDI limit in the insurance sector to 74 per cent was necessary to help insurers deal with issues concerning financial stress. She said this while moving the Insurance (Amendment) Bill, 2021 for consideration and passage in the Lok Sabha. The amendment bill, that […]

Benefiting Poor Not Some 'Damaad': FM Sitharaman's Jibe On Congress
Drug For Spinal Muscular Atrophy Disease Already Exempt From Import Duty: FM

New Delhi: Finance Minister Nirmala Sitharaman on Friday in Parliament said imported life-saving drugs including those for spinal muscular atrophy disease for personal use are exempted from basic customs duty but they attract five per cent GST. However, adhoc exemption from goods and services tax (GST) on imported life-saving drugs are given on a case-to-case […]

Finance Minister Nirmala Sitharaman Assures All Support To Odisha EPF Pensioners: Aparajita Sarangi

Bhubaneswar: Senior BJP leader and MP Aparajita Sarangi today met Union Finance Minister Nirmala Sitharaman and apprised her about the problems being faced by the Odisha EPF pensioners. Informing about her meeting with the Finance Minister, Sarangi said that she ‘discussed about the grievances of Odisha EPF Pensioners Association, Bank Retirees Federation and Ex-servicemen who […]

Union Budget 2021: FM Proposes Rs 1,500cr Scheme To Boost Digital Payments

New Delhi:  To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital mode of payment,” Sitharaman said. Sitharaman also […]

Budget Boost: Sensex Jumps 2,000 Points

Mumbai: The BSE Sensex soared over 2,000 points on Monday afternoon after Finance Minister Nirmala Sitharaman completed her first digital presentation of the Union Budget for FY21-22. Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National […]

Union Budget 2021: Customs Duty Up 2.5% On Mobile Parts, Phones To Get Expensive

New Delhi: In another bid to boost domestic manufacturing, the government on Monday announced a 2.5 per cent increase in customs duty on mobile chargers and some sub-parts of phones, a move that will make phones more expensive. Finance Minister Nirmala Sitharaman, during her Budget speech, said, “Withdrawing exemptions on parts of chargers and mobile […]

Union Budget 2021: Rail Infra Push Of Rs 1.1 Lakh Cr With Rs 1.07L Cr For Capex

New Delhi: Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore for Indian Railways of which Rs 1,07,100 crore is for the capital expenditure. She said the national transporter will monetise the Dedicated Freight Corridor (DFC) asset after commissioning. Presenting the Union Budget 2021-22, Sitharaman said, “I am announcing a […]