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FM Nirmala Sitharaman

Union Budget 2024: Nirmala Sitharaman, team giving finishing touches as Interim Budget enters last lap

Union Budget 2024: Nirmala Sitharaman, team giving finishing touches as Interim Budget enters last lap

Fri, Jan 26, 2024

The top members of Finance Minister Nirmala Sitharaman's team spearheading the budget-making exercise in the ministry include Sanjay Malhotra, the Revenue Secretary, Ajay Seth, Secretary of the Department of Economic Affairs, Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management, Vivek Joshi, Secretary of the Department of Financial Services and V Anantha Nageswaran, the Chief Economic Advisor.

Government, RBI actively engaged on digital currency: Finance Minister

Government, RBI actively engaged on digital currency: Finance Minister

Thu, Jan 25, 2024

RBI began the pilot project wholesale CBDC and picked up nine banks -- State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and HSBC.

FM Nirmala Sitharaman may significantly enhance allocation for farm sector schemes

FM Nirmala Sitharaman may significantly enhance allocation for farm sector schemes

Wed, Jan 24, 2024

The government is likely to announce a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal and ensure every eligible farmer has access to institutional credit.

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Social stock exchange framework out - how it will work

Social stock exchange framework out - how it will work

Tue, Sep 20, 2022

NPOs need to make disclosure of financial statements for last three financial years, details of past social impact and risks that they see to its work and how it proposes to mitigate these.

FM Nirmala Sitharaman's word of caution for RBI? What she said on central bank's handling of inflation - READ

FM Nirmala Sitharaman's word of caution for RBI? What she said on central bank's handling of inflation - READ

Thu, Sep 08, 2022

Inflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Finance Minister Nirmala Sitharaman said at a seminar organised by economic think-tank Icrier.

FM Nirmala Sitharaman clarifies on windfall tax on petroleum products

FM Nirmala Sitharaman clarifies on windfall tax on petroleum products

Mon, Sep 05, 2022

Addressing an event organized online, the minister said it is unfair to call windfall tax as ad hoc, because the tax rate and its resetting are done in complete consultations with the industry. "The very idea was implemented after taking the industry into full confidence," she said at a function organized by Elara Capital.

FM Nirmala Sitharaman Inaugurated Book Named 'From Cowpox To Vaccine Maitri’ Written By Sajjan Yadav

FM Nirmala Sitharaman Inaugurated Book Named 'From Cowpox To Vaccine Maitri’ Written By Sajjan Yadav

Thu, Aug 18, 2022

India's Vaccine Growth Story - 'From Cowpox to Vaccine Maitri' by Sajjan Singh Yadav, Additional Secretary, Ministry of Finance, Nirmala Sitharaman released the book. The book is on India's journey to become a global vaccine superpower. Watch this video for more details.

FM Nirmala Sitharaman Addresses The Launch Of (IIBX) India’s First International Bullion Exchange

FM Nirmala Sitharaman Addresses The Launch Of (IIBX) India’s First International Bullion Exchange

Fri, Jul 29, 2022

FM Nirmala Sitharaman addresses the launch of India International Bullion Exchange (IIBX), India’s first International Bullion Exchange in Gujarat.

ITR filing: Extend Due Date Immediately trends on Twitter as last date nears

ITR filing: Extend Due Date Immediately trends on Twitter as last date nears

Fri, Jul 29, 2022

According to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches.

GST rate hike: Nirmala Sitharaman hits out at opposition, says 'such things happened earlier as well'

GST rate hike: Nirmala Sitharaman hits out at opposition, says 'such things happened earlier as well'

Tue, Jul 19, 2022

"it was considered at various levels including by officers, the Group of Ministers, and was finally recommended by the GST Council with the complete consensus of all members," said Sitharaman.

GST rate hike from today: What gets costlier - Full list

GST rate hike from today: What gets costlier - Full list

Mon, Jul 18, 2022

GST rate hike list: Many household items, bank services, hotels and more will become costlier from today (July 18) as the GST rates hiked on several items.

GST on Casino, Online Gaming, Horse Racing: Will tax be hiked from 18% to 28%? GoM meeting today - What we know so far

GST on Casino, Online Gaming, Horse Racing: Will tax be hiked from 18% to 28%? GoM meeting today - What we know so far

Tue, Jul 12, 2022

GST on Casino, Online Gaming: A meeting of the Group of Ministres (GoM) will be held on Tuesday to decide the tax bracket of Goods and Services Tax (GST) for Casino, Online Gaming, and Horse Racing. In this meeting, the GoM will consider increasing the GST by 28%. Check Zee business Ambrish Pandey's report.

GST Council meeting begins next week; to consider rate revision on certain food items, medical devices

GST Council meeting begins next week; to consider rate revision on certain food items, medical devices

Fri, Jun 24, 2022

The 47th Goods and Services Tax (GST) council meeting scheduled next week in Chandigarh will take up revision on tax rates.

Disinvestment not for shutting down CPSEs, but to make them more efficient: FM Nirmala Sitharaman

Disinvestment not for shutting down CPSEs, but to make them more efficient: FM Nirmala Sitharaman

Fri, Jun 10, 2022

The principle of the government's disinvestment programme is not to shut down any unit or company but to make them more efficient and professionally driven, said Finance Minister Nirmala Sitharaman on Friday, as per PTI report.

Government cuts excise duty on petrol by Rs 8/litre, diesel by Rs 6/litre, urges all states to follow suit & give relief to common man

Government cuts excise duty on petrol by Rs 8/litre, diesel by Rs 6/litre, urges all states to follow suit & give relief to common man

Sat, May 21, 2022

In a slew of measures, the finance minister also announced subsidy on cooking gas under Ujawala Yojana; reducing customs duty on plastic and calibrating the same on iron and steel products.

FM Nirmala Sitharaman US Visit: IMF chief hails India for its well-targeted policy mix to keep economy resilient

FM Nirmala Sitharaman US Visit: IMF chief hails India for its well-targeted policy mix to keep economy resilient

Tue, Apr 19, 2022

During her conversation with the finance minister, the IMF MD stressed India’s commitment to support economic growth through capital expenditure. She also praised India for its nuclear policy.

Increased tax revenue mop-up keeps India on track to becoming $5 trn economy: Finance Ministry

Increased tax revenue mop-up keeps India on track to becoming $5 trn economy: Finance Ministry

Thu, Apr 14, 2022

The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a USD 5 trillion economy, the finance ministry said on Thursday.

Central Bank Digital Currency: Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG

Central Bank Digital Currency: Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG

Fri, Apr 08, 2022

Reserve Bank of India Deputy Governor T Rabi Sankar on Thursday said a nuanced and calibrated approach is essential for launch of India's maiden digital currency as it would have various implications for the economy and monetary policy.

FM Nirmala Sitharaman meets top executives of Canada Pension Plan Investment Board, Schneider Electric

FM Nirmala Sitharaman meets top executives of Canada Pension Plan Investment Board, Schneider Electric

Thu, Apr 07, 2022

Finance Minister Nirmala Sitharaman on Thursday met top executives of Canada Pension Plan Investment Board and Schneider Electric and discussed investment opportunities in the country.

NARCL: Rs 50,000 crore loans to be transferred to bad bank by April-end, says Union Bank MD

NARCL: Rs 50,000 crore loans to be transferred to bad bank by April-end, says Union Bank MD

Wed, Apr 06, 2022

Transfer of 15 bad loan accounts worth Rs 50,000 crore to the National Asset Reconstruction Company could not be completed within the deadline due to procedural delays, Union Bank of India Rajkiran Rai G on Wednesday said.

Over Rs 30,160 crore loans sanctioned under Stand-Up India scheme in 6 years

Over Rs 30,160 crore loans sanctioned under Stand-Up India scheme in 6 years

Wed, Apr 06, 2022

Over Rs 30,160 crore loans have been sanctioned under the Stand-Up India scheme in the past six years, the Finance Ministry said on Tuesday.

Parliament approves Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2022

Parliament approves Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2022

Tue, Apr 05, 2022

Parliament on Tuesday approved a bill to revamp the functioning of the institutes of chartered accountants, cost accountants and company secretaries, with Finance Minister Nirmala Sitharaman asserting that the changes will not impact the autonomy of these bodies.

Direct tax collection soars 48% in FY22, advance tax payment up 41%

Direct tax collection soars 48% in FY22, advance tax payment up 41%

Thu, Mar 17, 2022

India's collection from tax on personal and corporate income jumped over 48 percent in the current fiscal after a 41 percent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections.

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