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Tag: Nirmala Sitharaman

FM Sitharaman
Grant of Rs 2,427 cr released to states for urban local bodies

The Union Finance Ministry released an amount of Rs 2,427 crore to 11 states for the urban local bodies on Friday

Nirmala Sitharaman
Govt approves Rs 30,600 cr sovereign guarantee to operationalise bad bank

Centre on Thursday approved to provide Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL)

FM Sitharaman Discusses Key Areas Of Cooperation For Supporting Recovery Of BRICS Nations
FM Sitharaman Discusses Key Areas Of Cooperation For Supporting Recovery Of BRICS Nations

Sitharaman remarked that India attaches great significance to presenting this statement before the global community since it unanimously voices the view of BRICS countries on the critical aspects underpinning current international policy conversations on post-pandemic recovery.

Public Sector Banks
Pension Of Bank Employees To Go Up, Employers’ Contribution Also Hiked From 10 To 14%

The Central government has given a much-needed relief to families of bank employees. Recently, the Finance Ministry approved a proposal of Indian Banks' Association (IBA) to increase the family pension to 30 per cent of last drawn salary.

Nirmala Sitharaman
'Nothing Will Be Sold Off', Sitharaman Counters Rahul On NMP

Finance Minister Nirmala Sitharaman on Wednesday said that Centre will not give away ownership of assets under the asset monetisation plan and they will be mandatorily handed back to the government.

Govt Seeks Par Nod For Rs 23,675 Cr Extra Spending For Health Ministry
Govt Seeks Par Nod For Rs 23,675 Cr Extra Spending For Health Ministry

To meet the various COVID-related and other health preparedness, Rs 16,463 crore extra spending has been earmarked for the department of health and family welfare. An extra Rs 526 crore has been given to the department of health research for emergency epidemic preparedness and response.

India Takes Fiscal Steps For Better Environmental Results: FM Sitharaman At G20 Meet
India Takes Fiscal Steps For Better Environmental Results: FM Sitharaman At G20 Meet

The country's foreign exchange reserves swelled by USD 1.013 billion to touch a lifetime high of USD 610.012 billion in the week ended July 2.

Nirmala Sitharaman
No Proposal To Reduce Excise Duty On Petroleum Products: FM

Union Finance Minister Nirmala Sitharaman said that there is no such proposal to cut in excise duty levied on petroleum products for now

FM Sitharamans Comment On Cryptocurrency Brings Relief To Industry
FinMin Notifies Concessional GST Rate On COVID-Related Items, Services

The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on June 12, had slashed tax rate on COVID drugs such as Remdesivir and Tocilizumab as well as on medical oxygen, oxygen concentrators and other COVID essentials.

FM Sitharamans Comment On Cryptocurrency Brings Relief To Industry
GST Rates On COVID Items Slashed; Vaccine Still Taxed At 5%

Finance Minister Nirmala Sitharaman said that the council agreed to go with the recommendations of the Group of Ministers (GoM) that was single point agenda on the council on Saturday.

GST
GST Council Meet Begins, May Consider Duty Cuts On Medical Supplies

The 44th meeting of the GST Council, the second this year in the midst of the second wave of Covid pandemic, began on Saturday morning through video conferencing.

FM Sitharaman Asks CCI To Take Extra Care & Ensure Market Processes Are Not Undermined
FM Sitharaman Asks CCI To Take Extra Care & Ensure Market Processes Are Not Undermined

The CCI has the mandate to ensure fair competition in the market across sectors and also has powers to clamp down on anti-competitive practices.

EPF Contribution: Centre Raises EPF Tax Exemption On Interest Limit To Rs 5 Lakh
Centre Working With States To Protect Lives, Livelihood: FM Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Monday said that the Centre is working together with states to protect lives and livelihoods. In a tweet, the Minister said that she…

India Hosts 1st Meet Of BRICS Finance Ministers, Central Bank Governors
India Hosts 1st Meet Of BRICS Finance Ministers, Central Bank Governors

New Delhi: India hosted a meeting of BRICS Finance Ministers and Central Bank Governors virtually on Tuesday. The meeting, jointly chaired by Finance Minister Nirmala Sitharaman and Reserve Bank of…

Finance Bill 2021 Gets Parliamentary Approval
Finance Bill 2021 Gets Parliamentary Approval

New Delhi: The Parliament has passed the Finance Bill 2021, giving effect to the financial proposals of the government for the financial year 2022, with the Rajya Sabha giving its nod on Wednesday. The Lok Sabha passed the bill on Tuesday. Replying to the debate on the Finance Bill 2021 in the upper house, Finance […]

Additional DA, DR, Arrears For Central Govt Employees, Pensioners
EPF Contribution: Centre Raises EPF Tax Exemption On Interest Limit To Rs 5 Lakh

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday raised the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh proposed in the Budget. However, the minister in her reply to discussion on Finance Bill 2021 in the […]

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 […]

Nirmala-Sitharaman
Funds Under MPLADS For 2019-20 Cleared: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said in the Rajya Sabha that fund under the Members of Parliament Local Area Development Scheme (MPLADS) for 2019-20 have been cleared. TRS MP B Lingaiah Yadav had raised the matter during the Zero Hour in the House. Responding on the issue, Sitharaman said several MPs from […]

FM Sitharaman's Comment On Cryptocurrency Brings Relief To Industry
FM Sitharaman's Comment On Cryptocurrency Brings Relief To Industry

New Delhi: With Union Finance Minister Nirmala Sitharaman saying that all windows on cryptocurrencies will not be closed down, industry stakeholders on Monday said that a positive move at this point can unleash a host of opportunities for the country. Her comments at an India Today conclave last week came amid speculation that the government […]

Centre Releases Complete Rs 1.10 Lakh Cr GST Compensation Shortfall
Centre Releases Complete Rs 1.10 Lakh Cr GST Compensation Shortfall

New Delhi: The Finance Ministry has released the final weekly instalment of Rs 4,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,086.97 crore has been released to 23 states and Rs 17.03 crore to 3 Union Territories with Legislative Assemblies. With the current release, 100 […]

Nirmala-Sitharaman
FM Nirmala Sitharaman Attends G20 Central Bank Governors' Meet

New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman have participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery. The other issues on the agenda on Friday included global economic outlook, financial sector issues, financial inclusion […]

Nirmala Sitharaman
Want To See Pvt Sector Unleash Its Animal Spirits: Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the Union Budget 2021-22 has assured clarity and certainty on policy, taxation, infrastructure capex and privatization and now it is entirely up to the private sector to invest and expand capacity for long-term and sustainable economic growth. “I have been waiting for investment and expansion […]

Govt Pursuing Reforms To Make India One Of World's Top Economies: FM Sitharaman
Govt Pursuing Reforms To Make India One Of World's Top Economies: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the government, undeterred by the COVID-19 pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades. Replying to debate on Budget 2021-22 in Lok Sabha, she said, […]

Rahul Gandhi Becoming 'Doomsday Man' For India, Says Nirmala Sitharaman
Rahul Gandhi Becoming 'Doomsday Man' For India, Says Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday hit out at Congress leader Rahul Gandhi saying he is becoming a “doomsday man” for India by constantly insulting constitutional functionaries and creating fake narratives on various issues. Replying to the general discussion on Budget in Lok Sabha, she said the former Congress chief was creating fake […]

Union Budget Sets Pace For Aatmanirbhar Bharat: Finance Minister Sitharaman In LS
Union Budget Sets Pace For Aatmanirbhar Bharat: Finance Minister Sitharaman In LS

New Delh: Union Finance Minister Nirmala Sitharaman on Saturday said that the Union Budget 2021-2022 has set the pace for India to become ‘Aatmanirbhar’ (self-reliant) as it draws from the experience of Prime Minister Narendra Modi when he was Chief Minister of Gujarat. While replying to the discussion on the Union Budget in the Lok […]