Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala
Feb 01, 2022, at 05:53 pm
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.
LIC IPO to hit the market soon: Nirmala in Budget2022 speech
Feb 01, 2022, at 05:21 pm
New Delhi: Union Finance Minister Nirmala Sitharam in her budget speech said the initial public offering (IPO) of state-backed Life Insurance Corporation of India is expected to hit the market soon.
Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget
Feb 01, 2022, at 03:36 pm
New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.
Nirmala Sitharaman to present Union Budget today
Feb 01, 2022, at 02:09 pm
New Delhi: Union Finance Minister Nirmala Sitharaman will present the annual budget on Tuesday.
Startups seek 'booster dose' in form of tax incentives from Union Budget
Feb 01, 2022, at 02:20 am
Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.
Centre to release Rs 47,541 crore as advance installment of tax devolution to states
Jan 21, 2022, at 02:24 am
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Thursday authorised the release of Rs 47,541 crore as an advance installment of tax devolution to states.
GST council meeting defers rate hike on textiles amid opposition from states, industry
Dec 31, 2021, at 10:33 pm
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
FM Nirmala Sitharaman to hold pre-budget meeting with state counterparts on Dec 30
Dec 29, 2021, at 05:57 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will hold a meeting with the finance minsters of states as part of the customary pre-budget consultations with various stake holders, media reports said.
Govt working on a new bill on cryptocurrency: Sitharaman tells Rajya Sabha
Nov 30, 2021, at 10:31 pm
New Delhi/IBNS: The government is working on a new bill on cryptocurrency and it will be presented before the Union Cabinet soon for approval, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.
Jammu and Kashmir economy will double in next few years: Nirmala Sitharaman
Nov 23, 2021, at 11:13 pm
Jammu/UNI: Stating that Jammu and Kashmir is rapidly passing through a developmental phase, Union Finance Minister Nirmala Sitharaman on Tuesday said that the economy of Jammu and Kashmir will be doubled in the next few years.
Nirmala Sitharaman to visit Jammu and Kashmir on Nov 23
Nov 20, 2021, at 03:52 pm
Jammu/UNI: Union Finance Minister Nirmala Sitharaman is likely to be on a two days visit to Jammu and Kashmir starting from Nov 23.
Investment in J&K expected to reach Rs 35,000 cr by year end: Manoj Sinha
Nov 20, 2021, at 01:05 am
Jammu/IBNS: Lieutenant Governor Manoj Sinha highlighted the key reforms and steps taken for managing the union territory’s economy during Covid, its growth potential, besides putting across issues that require consideration by the administration during an interaction with the Union Finance Minister Nirmala Sitharaman.
India needs 4-5 more banks of SBI’s size, says FM Nirmala Sitharaman
Sep 26, 2021, at 08:56 pm
Mumbai/UNI: Stressing the need for bigger banks in the country, Finance Minister Nirmala Sitharaman on Sunday said that India needs 4-5 banks of the size of State Bank of India (SBI) in the wake of new requirements.
Zomato, Swiggy to collect 5 pct GST from consumers: Nirmala Sitharaman
Sep 18, 2021, at 04:41 am
New Delhi/IBNS: Food delivery apps like Zomato and Swiggy will collect five per cent Goods and Services Tax (GST) from consumers instead of the restaurant they pick up orders from, Union Finance Minister Nirmala Sitharaman said on Friday.
GST Council extends concessional rate on COVID medicines till Dec 31: Nirmala Sitharaman
Sep 18, 2021, at 02:54 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday announced that the GST Council has decided to extend the reduced rates on medicines used for COVID-19 treatment till December 31, 2020. The previous deadline was September 30.
Sep 17, 2021, at 06:16 pm
New Delhi/UNI: The GST Council in its meeting on Friday may discuss the possibility of bringing diesel and petrol in the ambit of the new indirect tax regime besides considering a proposal to levy a five per cent tax on food-delivery apps such as Zomato and Swiggy.
Sep 17, 2021, at 12:41 am
New Delhi/IBNS: Central Government guarantee of Rs 30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet on Wednesday.
Union Cabinet approves Rs 30,600 cr for 'Bad Bank'
Sep 17, 2021, at 12:26 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman today said the Union Cabinet has approved a government guarantee of Rs 30,600 crore for securities receipts issued by the National Asset Reconstruction Company (NARCL) or 'Bad Bank'.
'Not right' : Nirmala Sitharaman on article accusing Infosys of 'conspiracy'
Sep 14, 2021, at 10:42 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has said the article in RSS-linked weekly magazine "Panchajanya" alleging anti-national conspiracy behind the glitches in the tax-filing website operated by Infosys was "not right", according to media reports.
Finance Minister Nirmala Sitharaman launches National Monetisation Pipeline
Aug 24, 2021, at 04:50 am
New Delhi/IBNS: Union Minister for Finance Nirmala Sitharaman on Monday launched the asset monetisation pipeline of Central ministries and public sector entities: ‘National Monetisation Pipeline (NMP Volumes 1 & 2)’.
No relief in sight from high fuel prices, FM Nirmala Sitharaman blames UPA-era oil bonds for it
Aug 17, 2021, at 12:08 am
New Delhi/UNI: There seems to be no relief in sight for consumers feeling the heat of higher fuel prices with the government insisting that it has to pay dues on account of oil bonds issued during UPA era to keep diesel and petrol prices in check.
Jul 29, 2021, at 12:41 am
New Delhi/IBNS: In a move to bring relief to the depositors of troubled banks, the Union Cabinet has approved the Deposit Insurance and Credit Guarantee Corporation (Amendment Bill) on July 28, Finance Minister Nirmala Sitharaman said.
Dept of Public Enterprises back with Finance Ministry for better coordination and asset management
Jul 08, 2021, at 01:18 am
New Delhi/IBNS: The Department of Public Enterprises (DPE) which was created in 1965 as Bureau of Public Enterprises (BPE) has been placed under the ministry of finance to allow "direct and better" coordination, according to a media report.
Cabinet nod to Rs 6.28 lakh cr stimulus package announced by FM Nirmala Sitharaman
Jun 30, 2021, at 11:46 pm
New Delhi/UNI: The Union Cabinet on Wednesday approved a Rs 6,28,993 crore stimulus package announced by Union Finance Minister Nirmala Sitharaman to bail out the Covid-hit economy. This was informed by Information and Broadcasting Minister Prakash Javadekar while briefing mediapersons about the Cabinet decisions.
Finance Minister Nirmala Sitharaman, US Treasury Secretary Yellen discuss global minimum tax
Jun 30, 2021, at 02:24 pm
Washington/UNI: Union Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet L Yellen spoke on the phone and discussed global minimum tax.
Rs 6.29 lakh crore package to provide 'lifeline dose' to sectors hit hard by Covid 19: ASSOCHAM
Jun 29, 2021, at 06:41 am
New Delhi/IBNS: ASSOCHAM on Monday welcomed several key measures announced by Union Finance Minister Nirmala Sitharaman , aimed at providing relief to the sectors hit hard by the Covid 19 pandemic.
Fiscal package well-timed and will help many pandemic-hit sectors come on its feet: EEPC India
Jun 29, 2021, at 05:10 am
New Delhi/IBNS: The Rs 6.28 lakh crore stimulus package announced by the government is very well-timed and will boost overall confidence in the economy, said EEPC India Chairman Mahesh Desai.
Nirmala Sitharaman announces Rs. 1.1 lakh crore loan guarantee scheme for COVID-19 affected sectors
Jun 28, 2021, at 09:41 pm
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday announced a Rs. 1.1 lakh crore loan guarantee scheme for COVID-19 affected sectors in a bid to tackle the ongoing crisis emerging in the country due to the pandemic.
Income tax portal glitches impacting taxpayers adversely: Nirmala Sitharaman to Infosys
Jun 23, 2021, at 03:58 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has expressed her disappointment over the glitches in the new Income-Tax portal at a meeting with Infosys officials.
Jun 08, 2021, at 11:26 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Tuesday flagged IT giant Infosys co-founder and chairman Nandan Nilekani over a large number of complaints from users of the new e-filing website which the Income Tax Department launched the day before.