Tag: Nirmala Sitharaman

Nirmala-Sitharaman
GST Rates: Council To Meet Next Month, FinMin Not In Favour Of Raising Rates

New Delhi: The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month’s meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax (GST) rates are increased on non-essential items, […]

  • Friday, 16 April 2021
FM-Nirmala-Sitharaman
Women Jan Dhan Account Holders To Get Final Instalment Of Rs 500: FinMin Sitharaman

New Delhi: Women Jan Dhan bank account holders will start getting the third and final instalment of Rs 500 from Friday in line with the announcement made by Finance Minister Nirmala Sitharaman in March. To help the poor tide over the COVID-19 crisis, the government on March 26 announced an ex-gratia payment of Rs 500 […]

  • Friday, 16 April 2021
FM-Nirmala-Sitharaman
Keep Lending To MSMEs, But Support Other Businesses Too: FM To PSBs

New Delhi: Finance Minister Nirmala Sitharman on Tuesday held a review meeting with the Managing Directors of public sector banks (PSB) and asked them to continue reaching out and lending to MSMEs under the collateral-free Emergency Credit Line Guarantee Scheme. In the video conference, she also directed the state-run lenders to try meeting the credit […]

  • Friday, 16 April 2021
Nirmala-Sitharaman
PM Modi To Launch Rs 50,000 Crore Job Scheme For Migrants In 6 States: FM Nirmala Sitharaman

New Delhi: Prime Minister Narendra Modi will launch a mega job scheme for migrant workers who have returned to their states. The mega employment scheme will be launched on Saturday, June 20 from Bihar’s Khagaria district. Accordingly, the Centre plans to roll-out the scheme in 116 districts in 6 states which have received the largest […]

  • Thursday, 15 April 2021
Sitharaman
Downgrading Credit Rating Amid Pandemic Limits Policy Options: FM Sitharaman

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday made a strong case for rating agencies to refrain from frequent rating downgrades during the prevailing Covid-19 pandemic, which has put economies across the globe under stress and raised the need to increase spending even at the cost of enlarging deficits. Participating in the 3rd G20 […]

  • Wednesday, 14 April 2021
GST
Finance Ministry Reduces GST Rates, Taxpayer Base Doubled To 1.24 Cr

New Delhi: The Finance Ministry on Monday said the GST regime has reduced the rate at which people have to pay tax, helped increase compliance and doubled the taxpayer base to 1.24 crore. In a series of tweets on Monday, also the first death anniversary of former Finance Minister Arun Jaitley, the ministry said before […]

  • Tuesday, 13 April 2021
Nirmala
GST Council Meet: Centre Proposes 2 Options To States For Resolving Compensation Cess Issue

New Delhi: With Covid-19 disruptions making it impossible for the Centre to meet its obligation to provide compensation under the Goods and Services Tax (GST) law to states this year, it has proposed two options to the states to cover their compensation gap and meet their expenditure requirements. States have been given seven days time […]

  • Tuesday, 13 April 2021
Bihar Polls: BJP's Manifesto Promises Free COVID Vaccine, 19L Jobs
Centre To Disburse GST Compensation Cess, IGST Dues On Monday

New Delhi: The Centre will disburse GST compensation cess amounting to Rs 20,000 crore to the state government on Monday night, Finance Minister Nirmala Sitharaman said. The decision was taken during the GST Council meet held on Monday. Related Story: Central Revenues Under More Strain Than GST Revenue: Centre To States Besides, Sitharaman said that […]

  • Sunday, 11 April 2021
Nirmala-Sitharaman
Centre Announces Rs 10,000 Interest-Free Festival Advance To Govt Employees

New Delhi: The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy. At a press conference, Finance Minister Nirmala Sitharaman said festival advance was discontinued from 6th Pay Commission for central government employees. […]

  • Sunday, 11 April 2021
RBI Grade B 2021 Recruitment
RBI Asks Lenders To Implement 'Waiver Of Interest On Interest' Scheme

Mumbai: The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government. Last Friday, the government had announced the scheme […]

  • Saturday, 10 April 2021
Centre To Allocate Rs 10,000 Cr More For PM Garib Kalyan Rozgar Yojana
Centre To Allocate Rs 10,000 Cr More For PM Garib Kalyan Rozgar Yojana

New Delhi: The Centre will allocate an additional amount of Rs 10,000 crore for the Prime Minister Garib Kalyan Rozgar Yojana in a bid to boost rural employment amid the pandemic, Finance Minister Nirmala Sitharaman said on Thursday. The scheme, which includes various employment generating schemes including the MGNREGs, PMGSY among others, is in progress […]

  • Friday, 09 April 2021
CAIT Urges FM Sitharaman To Defer Implementation Of 'Rule 86-B' In GST
CAIT Urges FM Sitharaman To Defer Implementation Of 'Rule 86-B' In GST

New Delhi: Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of ‘Rule 86-B’ in GST, scheduled to be implemented from January 1, 2021. In a letter to the Finance Minister on Friday, the traders’ body said that the recent notification of the Goods and Services […]

  • Wednesday, 07 April 2021
Modify New GST Notification, Traders Urge Council & Finance Minister
Modify New GST Notification, Traders Urge Council & Finance Minister

Kolkata: Trading community urged Union Finance Minister Nirmala Sitharaman and Goods and Services Tax (GST) Council on Sunday to withdraw certain provisions of the new GST notification issued a few days back. The government had notified certain changes to the GST Rules on December 22 and some of the rules are set to be applicable […]

  • Wednesday, 07 April 2021
Nirmala-Sitharaman
COVID Impact: In A First, Budget To Go Paperless

New Delhi: Amid the COVID-19 pandemic, the Finance Ministry has decided to go paperless for the upcoming budget scheduled for February 1. This is a historic move as it will be for the first time in the history of independent India that the budget papers will not be printed. Sources said the government has received […]

  • Wednesday, 07 April 2021
Tax Deduction: Middle Class Taxpayers May Gain From Budget 2021
Tax Deduction: Middle Class Taxpayers May Gain From Budget 2021

New Delhi: Middle class tax payers may get a lot to cheer about the Budget proposals to be presented by Finance Minister Nirmala Sitharaman next month. Sources said that the Budget 2020-21 may take the sops announced earlier under the Aatmanirbhar Bharat package to help people in their fight against the Covid-19 pandemic further, by […]

  • Wednesday, 07 April 2021
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