TAG: Nirmala Sitharaman
Israel-Iran conflict: Will take all steps required to reduce impact on India, says Sitharaman
All necessary steps required to mitigate the fallout of the Israel-Iran conflict on India will be taken, Union Finance Minister Nirmala Sitharaman said during an interview with CNBC Awaaz on April 18.Sitharaman said the government will act as and when req...
5 months ago
GST has given a boost to tax buoyancy: FM Sitharaman
The Goods and Services Tax (GST) has improved tax buoyancy, which has increased to 1.22 and thus has also improved the revenue for states despite the end of the five-year compensation period, Finance Minister Nirmala Sitharaman said on May 6.“GST has impr...
5 months ago
Finance Minister hits out at Congress govt in Karnataka for high inflation, poor law and order
Union Finance Minister Nirmala Sitharaman on Sunday said that high inflation and poor law and order in Karnataka are the contributions of the Congress government.Responding to Karnataka Chief Minister Siddaramaiah’s statement that injustice was meted out...
2 months ago
In Budget 2024, catalysts introduced to augment growth for auto sector
The Budget 2024-25 introduced by the Hon’ble Finance Minister today presented a detailed roadmap for the Government’s pursuit of ‘Viksit Bharat’ and self-reliant India. The announcements prioritize domestic manufacturing, infrastructure development, job c...
2 months ago
Cutting through tax complexity in Budget 2024
By Ganesh RajFinance Minister’s seventh budget is visionary and path breaking on many fronts. It maintains the fiscal consolidation path with 4.9% fiscal deficit for FY25, lower than 5.1% estimated in the interim budget, and sets a target of 4.5% for FY26...
2 months ago
Public sector banks' NPAs on Mudra loans fall to 3.4% in 2023-24: Nirmala Sitharaman
Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday.This marks an improvement from 4.77 per cent in 2020-21, 4.89 per ce...
2 months ago
Regional rural banks should distribute more loans, generate awareness of govt schemes, says FM Sitharaman
Finance Minister Nirmala Sitharaman asked regional rural banks (RRBs) to leverage their healthy CASA ratio to distribute more loans, while requesting the RBI’s intervention in resolving the pending dues to RRBs from state governments, apart from the effor...
1 month ago
GST Council to discuss rate rationalisation on Sep 9, final decision later: FM Sitharaman
Finance Minister Nirmala Sitharaman said on August 27 that the GST Council next month will discuss rationalisation of tax rates but a final decision on tweaking taxes and slabs will be taken later."The upcoming GST Council meeting will take up the issue o...
1 month ago
Unified Pension Scheme not a rollback of NPS, asserts Sitharaman
The newly announced Unified Pension Scheme (UPS) is not a rollback of the National Pension System (NPS), rather an improvement designed to address certain challenges while retaining its core benefits, Finance Minister Nirmala Sitharaman said."Unified Pens...
1 month ago
We are much below revenue neutral rate in GST, says FM Sitharaman
Union finance minister Nirmala Sitharaman said goods and services tax is much below the revenue neutral rate."Revenue neutral rate has come down from 15.3 percent to 12.2 percent under GST in 2023," Sitharaman said.The minister also said the government wa...
1 month ago
GST Council to deliberate on taxation of insurance premium, online gaming
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said.Sources said the fitment committee, comprising...
1 month ago
Govt implementing various schemes to aid growth of MSMEs, says FM Sitharaman
The Union government is implementing various schemes to encourage the growth and development of MSME (Micro, Small and Medium Enterprises) sector across the country, Finance Minister Nirmala Sitharaman said on September 11.These schemes include areas of c...
1 month ago
Important to safeguard interests of small traders, retailers, says FM Sitharaman
Finance Minister Nirmala Sitharaman emphasised the need to protect small traders and retailers from the negative impacts of predatory pricing by large e-commerce platforms. She reiterated the government's commitment to preserve the interests of small busi...
4 weeks ago
FM Nirmala Sitharaman asks railways to accelerate work on capacity and infrastructure boost, including Kavach
The Railways ministry should expedite work on capacity and infrastructure augmentation, and focus on safety and commuter convenience as laid down in the Budget Capex, Finance Minister Nirmala Sitharaman said on September 17.The minister “urged the officia...
4 weeks ago