Tag: Nirmala Sitharaman

"The story (of India's 5G) is yet to reach the public," Sitharaman said in her interaction with students at the Johns Hopkins SAIS.

The Consumer Price Index-based retail inflation was at 7.01 per cent in June and 5.59 per cent in July 2021.

Finance Minister Nirmala Sitharaman described the Pradhan Mantri Jan Dhan Yojana (PMJDY) as a major step towards financial inclusion, informing that the programme's success can be gauged from the fact that 46 crore bank accounts with a deposit balance of Rs 1.74 lakh crore have been opened under it in the last eight years.

On the opposition's claims of burdening people by imposing GST on cheque books, she said the levy is in relation to purchase of cheque books by bans from printers, not for the public.

In her written reply, the finance minister said a show cause notice demanding Rs 4403.88 crore has been served on Oppo Mobiles India Ltd. based on the investigation conducted by the Directorate of Revenue Intelligence (DRI).

“It was a deliberate sexist insult. Gandhi family and the dynasty is the only thing that matters for the Congress party and they don’t care about anyone. Sonia Gandhi should apologise to the President of India,” said Union Finance Minister and BJP leader Nirmala Sitharaman on Congress MP Adhir Chowdhury's 'Rashtrapatni' remark against President Draupadi Murmu.

Others who took oath are Vivek K. Tankha, K. Laxman, Laxmikant Vajpayee, Kalpana Saini, Sulata Deo and R. Dharmar. Fourteen of the 57 members were re-elected to the House.

Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council here, Sitharaman said casinos, horse-racing, and online gaming are all gambling.

Addressing the 'Natural Allies in Development and Interdependence' conclave here, she said the Union government has been pumping in huge money in developing a number of infrastructure projects throughout the region.

Addressing a roundtable on 'Investing in India's Digital Revolution' in San Francisco, the minister encouraged constant engagement with investors to understand and address their concerns.

Finance Minister Nirmala Sitharaman said India's stand on the Russia-Ukraine war was predicated on the security challenges in its own neighbourhood and the US should understand that though it has a friend in India, that "friend can't be a weak friend (and) the friend should be not weakened".

The minister pointed out that in the last 7 years and 9 months of the present government till December 2021, India recieved FDI inflows of $500.5 billion, which is 65 per cent higher than the inflows during the 10 years of the UPA government.

Replying to a discussion on the Finance Bill, Sitharaman said India was probably the only country that did not resort to new taxes to fund the recovery of the economy hit by the COVID pandemic.

The EPFO has proposed cutting down the interest rate on provident fund deposits from 8.5 per cent in 2020-21 to 8.1 per cent for 2021-22.

Questioning ongoing delimitation process, Tewari said that as per his knowledge local political parties are not happy with the process and they need to be actively involved in the whole exercise. He demanded for provision of representation of Sikh minority in the assembly.