TAG: Sitharaman
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
Removal of indexation on real estate done due to simplification, clarifies FM Sitharaman
Finance Minister Nirmala Sitharaman on August 7 said that the government's decision to amend indexation proposal on real estate, is not due to revenue consideration but due to simplification.The clarification from the FM comes a day after the government m...
2 months ago
Comprehensive review of rate structure of indirect taxes in next 6 months: FM Sitharaman in Lok Sabha
Finance Minister Nirmala Sitharaman on August 7 said that there has been "substantial tax relief" for middle class in last two years.Replying in Lok Sabha, Sitharaman begins her address by listing out all the measures that have been taken by the governmen...
2 months ago
Need tax revenue to fund innovation in India’s push for green power: FM Sitharaman
India's transition to renewable energy depends on the tax revenue in the absence of global funds and on the innovation of developing batteries for storing it, Finance Minister Nirmala Sitharaman said on August 13.“India has moved ahead on transition from...
2 months ago
Operational guidelines for internship scheme likely by first week of September
The government is likely to release detailed operational guidelines for the internship scheme within the next two weeks by the first week of September, according to a senior government official.The scheme, announced in the July Union Budget, aims to provi...
1 month ago
GST Council likely to discuss cess, status of rate rationalisation on September 9: FM Sitharaman
The upcoming GST Council meeting on September 9 is expected to focus on two crucial issues - the status of rate rationalisation and the future of the compensation cess, Union finance minister Nirmala Sitharaman said.“In the September 9 meeting, the office...
1 month ago
FDI in realty, fintech, semiconductors likely to see three-fold increase in FY25: FinMin Sources
Foreign direct investment (FDI) in India's real estate, fintech, and semiconductor sectors is expected to surge three-fold in the financial year 2024-25, Finance Ministry sources said. Singapore, a leading investor in these sectors, is likely to play a pi...
1 month ago
Income Tax Act review committee report likely by October
The long pending review of the Income Tax Act of 1962 seems to have made progress. In the Budget speech, Finance Minister Nirmala Sitharaman, had announced a review of the Act to make it simpler.Sources told Moneycontrol that the review report is likely...
2 weeks ago
FM Nirmala Sitharaman sees India's per-capita income almost doubling
Finance minister Nirmala Sitharaman said income per person will almost double in five years time as the economy continues to grow, while warning that the global environment is tougher now than it was in the past.“The upcoming decades will see the steepest...
1 week ago