Tag: Nirmala Sitharaman

While underlining the importance of synergy among various government departments, she said: "Hon'ble Prime Minister's Gati Shakti plan is an umbrella for several projects of different departments and envisages states' participatory role leading to synergy and a multiplier effect especially in infrastructure."

A sustained recovery is what we would want. The budget has growth revival as a priority along with messages for sustainability as a priority and on predictable tax regimen, she said.

Replying to the Opposition's comments on Bangladesh growing faster than India, she informed the House that India's economy is 10 times bigger than Bangladesh, so if Bangladesh grew at 10 per cent and India grew just at 1 per cent, the absolute number in terms of growth will be the same.

Modi released a commemorative postal stamp on the occasion of ICRISAT's 50th Foundation day. He also launched the Climate Change Research Facility on plant protection.

According to Aniket Jindal, Co-founder of developer platform Biconomy, Such a Blockchain-based digital rupee has the potential for being a big step in onboarding hundreds of millions of Indians into the Blockchain economy.

As per the proposals made by the finance minister in the Union Budget for 2022-23, many commonly used items, including electronic items like mobile phones and chargers, are going to be cheaper. 

Union Finance Minister Nirmala Sitharaman tabled the economic survey, which said that India's economy is expected to grow at 8-8.5 per cent in the next fiscal.

"The ministry of finance maintains secrecy about the budget... before presenting his/her speech, the finance minister is bound to keep secrecy about the Budget provisions," an official said.

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.

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.

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.

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

"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.

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.

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