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Tag: Nirmala Sitharaman

GST Council Defers Implementation Of Tax Rate Hike On Textiles
GST Council Defers Implementation Of Tax Rate Hike On Textiles

States like Gujarat, West Bengal, Delhi, Rajasthan and Tamil Nadu have said they are not in favour of a hike in Goods and Services Tax (GST) rate on textiles to 12 per cent, from 5 per cent, with effect from January 1, 2022.

Centre Committed To Compensate States For 5 Yrs For Revenue Loss Due To GST Roll Out: FM
Centre Committed To Compensate States For 5 Yrs For Revenue Loss Due To GST Roll Out: FM

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out from July 1, 2017. The five year period for compensation ends in June 2022.

No Specific Direction Given To Banks Not To Give Loans To Sensitive Customers Like Police Personnel: FM
No Specific Direction Given To Banks Not To Give Loans To Sensitive Customers Like Police Personnel: FM

Minister of State for Finance Bhagwat Kishanrao Karad said banks do have "problems" in lending to police and politicians. Banks see track record before lending to these customers, he added.

Bitcoin As Currency
No Proposal To Recognise Bitcoin As Currency, Says FM Sitharaman

In the ongoing winter session of Parliament, the Centre aims to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, through which it seeks a ban on all private cryptocurrencies

Nirmala Sitharaman
Producers' Association Writes To Nirmala Sitharaman To Abolish GST On Film Industry

"It is a business which solely runs on the income generated by sale of tickets, which also gets sold only if the film appeals to the public enough to inspire them to pay money and buy tickets.

India's Covid Vax Campaign
India's Covid Vax Campaign, Teeming Festivities Lend Renewed Optimism To Economic Recovery: FinMin

Armed with necessary macro and micro growth drivers, the stage is set for India's investment cycle to kickstart and catalyse its recovery towards becoming the fastest growing economy in the world.

Sitharaman Discusses Post-Pandemic Economic Recovery, Other Issues With World Bank Chief
Sitharaman Discusses Post-Pandemic Economic Recovery, Other Issues With World Bank Chief

The finance minister also discussed the preparations for the upcoming Climate Change Conference in Glasgow.

Nirmala Sitharaman
Nirmala Sitharaman Meets US CEOs, Asks Them To Invest In India

As part of her US visit, Sitharaman is also meeting heads of various corporations to explore various investment potential and make in India initiatives.

Nirmala Sitharaman
India Looks At Close To Double Digit Growth This Year: Nirmala Sitharaman

Sitharaman said India will attract investments and have the purchasing power to demand the best of things from whoever produces it.

Nirmala Sitharaman
Finance Minister Discusses Investment Opportunities, Reforms In India With Corporate Leaders In US

Nirmala Sithararam elucidated the intent of the country to be more inclusive in development and growth, Prahlad Singh said after his meeting with the Finance Minister in Boston.

FM Sitharaman
India Needs 4-5 More SBI Sized Banks: FM Sitharaman

"We need to scale up banking. The need is for at least four-five more SBI sized banks," Sitharaman said.

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.

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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…

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