Sep 10, 2022, at 12:58 am
New Delhi: Finance Minister Nirmala Sitharaman has directed the Reserve Bank of India (RBI) to create a "whitelist" of loan applications that operate as per government rules and have legal sanction. She also asked the Ministry of Electronics and Information Technology (MeiTY) to ensure that only these apps are available on Google Play Store and Apple App Store.
Aug 03, 2022, at 04:54 pm
New Delhi: A few days after former RBI Governor Raghuram Rajan and ex-NITI Aayog Vice-Chairman Arvind Panagariya dismissed concerns over the possibility of India facing a Sri Lanka-like economic crisis, Finance Minister Nirmala Sitharaman Tuesday told Rajya Sabha the rupee's fall against the USD was not alarming and the unit has performed better than its peers.
Finance minister says ban on cryptocurrencies not possible without international collaboration
Jul 19, 2022, at 06:54 pm
New Delhi: Sitharaman's statement on cryptocurrencies or Virtual Currencies (VCs) in Parliament was in response to a five-pointer question by Thirumavalavan, a member of Parliament from Tamil Nadu's Chidambaram.
Hotel stay, hospital rooms among items to cost more as GST Council imposes tax: Check out detail
Jun 30, 2022, at 01:25 am
New Delhi/UNI: The GST Council chaired by Finance Minister Nirmala Sitharaman on Wednesday decided to rationalise rates to remove the inverted duty structure and withdraw GST exemption in case of many items leading to a hike in tax rates.
Disinvestment empowered PSUs: Nirmala Sitharaman
Jun 11, 2022, at 06:53 pm
Kochi/UNI: Disinvestment of Public Sector Undertakings (PSUs) during the past decade had empowered them and energised the capital markets, Union Finance Minister Nirmala Sitharaman said on Friday.
Jun 11, 2022, at 05:57 pm
New Delhi/UNI: The prices of petrol and diesel remained steady for the 21st straight day on Saturday.
Centre announces reducing excise duty on petrol by Rs. 8 per litre, diesel by Rs. 6
May 22, 2022, at 12:39 am
New Delhi: The Centre on Saturday announced its decision to slash central excise duty on petrol by Rs. 8 per litre and on diesel by Rs. 6 per litre.
UAE Minister of Economy Abdulla Bin Touq Al Marri meets Finance Minister Nirmala Sitharaman
May 12, 2022, at 09:03 pm
New Delhi: Minister of Economy of United Arab Emirates Abdulla Bin Touq Al Marri made a courtesy call to Finance Minister Nirmala Sitharaman in New Delhi Thursday and discussed the strong economic and commercial engagement between the India-UAE and the comprehensive strategic partnership which is driving the multifaceted bilateral relations
Sitharaman points out anonymity as an 'inherent risk' in blockchain technology
May 08, 2022, at 03:16 am
Mumbai: Finance Minister Nirmala Sitharaman on Saturday said anonymity is an "inherent risk" in blockchain technology and stressed the exercise of precaution in the future with the exponential rise in the use of this technology, media reports said.
Apr 27, 2022, at 05:43 pm
New Delhi/San Francisco/UNI: Addressing investors and business leaders in Silicon Valley, California as part of her official visit to the US, Finance Minister Nirmala Sitharaman on Wednesday said that she is open to receive suggestions, understand pain points and offer necessary redressal wherever possible.
FM Sitharaman woos investors in US, urges them to become part of India's growth story
Apr 26, 2022, at 05:00 pm
New Delhi/San Francisco/UNI: On an official visit to the US, Union Finance Minister Nirmala Sitharaman on Tuesday attended a roundtable meeting with business leaders and investors in San Francisco and invited them to become part of India's growth story.
Inflation, volatility in energy markets dampening growth momentum, says FM Sitharaman in G20 meeting
Apr 21, 2022, at 04:24 pm
New Delhi/Washington/UNI: Participating in the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington on Thursday, Finance Minister Nirmala Sitharaman said that the global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty.
FM Sitharaman to hold meeting with PSB heads
Apr 11, 2022, at 01:37 am
New Delhi: Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) on April 23 to review the performance of banks and the progress made by them on the various government schemes.
Mar 03, 2022, at 06:35 pm
New Delhi/UNI: In a bid to cut down payment processing time for vendors supplying goods and services to the government departments, Finance Minister Nirmala Sitharaman on Wednesday launched e-Bill system to enable paperless submission and end to end digital processing of bills.
CBI arrests Anand Subramanian in NSE case
Feb 26, 2022, at 08:24 am
New Delhi/UNI: The Central Bureau of Investigation (CBI) has arrested Anand Subramanian, former Group Operating Officer (GOO) and advisor to former National Stock Exchange (NSE) MD Chitra Ramkrishna tightening the noose around accused in the case of major corporate governance lapses.
Feb 23, 2022, at 06:11 am
New Delhi/IBNS: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a post-budget meeting with heads of Banks, Non-Banking Financial Institutions (NBFCs) and Financial Institutions in Mumbai on Tuesday.
If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj
Feb 03, 2022, at 06:10 am
New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.
Pvt cryptocurrencies will never be legal tender: Finance Secretary
Feb 03, 2022, at 05:18 am
New Delhi/IBNS: Private cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFT) will never become legal tenders as their values are fixed by private entities, Finance Secretary TV Somanathan said Tuesday.
I-T return form to have designated column for crypto gains
Feb 03, 2022, at 02:15 am
New Delhi/IBNS: Income tax return forms will have a different column to mention earnings from cryptocurrency and paying requisite taxes, said Revenue Secretary Tarun Bajaj on Wednesday.
Capex quality, digital push, transition to new energy positives of a growth-push Budget: ASSOCHAM
Feb 02, 2022, at 05:32 am
Kolkata: Along with several positive and innovative measures, the most defining feature of the Finance Minister Mrs Nirmala Sitharaman's Budget for 2022-23 is a phenomenal increase in the government's capital expenditure which would effectively go up to Rs 10.68 lakh crore for the fiscal beginning April 1, ASSOCHAM has said.
Union Budget 2022: Govt takes major steps to support MSMEs amid Covid-19 pandemic
Feb 02, 2022, at 05:22 am
New Delhi/IBNS: The MSME sector is being considered as the biggest winner in the Union Budget 2022 as Finance Minister Nirmala Sitharaman announced various schemes, targetting raw material and input costs, skill development, access to credit, infrastructure boost and ease of doing business, according to experts.
Union budget: Find out what gets costlier and cheaper
Feb 02, 2022, at 04:43 am
New Delhi/IBNS: Imported items and X-ray machines will get expensive as per the Union Budget presented by Finance Minister Nirmala Sitharaman on Tuesday.
Only RBI can issue Digital Currency, rest are assets and attract 30 pc tax: Sitharaman
Feb 02, 2022, at 12:41 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
Udyam, e-Shram, NCS, ASEEM portals to be linked to support MSMEs
Feb 02, 2022, at 12:00 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman presenting the Union Budget 2022 on Tuesday said portals like Udyam, e-Shram, National Career Service (NCS) and Atmanirbhar Skilled Employee-Employer Mapping (ASEEM) will be interlinked to increase their scope.
Feb 01, 2022, at 11:31 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has taken major steps in financial inclusion and further digitisation of the rural economy with the announcement of integrating 1.5 lakh post offices under the core banking system and creation of 75 digital banking units.
Budget 2022-23: Extension of ECLGS, e-passports to shore up tourism sector
Feb 01, 2022, at 11:24 pm
New Delhi/IBNS: The financial budget 2022-23 has earmarked 50,000 crore for the hospitality sector under the Emergency Credit Line Guarantee Scheme (ECLGS) and looks to introduce e-passports for easing the travel process globally.
Union Budget: RBI to issue Digital Rupee
Feb 01, 2022, at 09:06 pm
New Delhi: Union FM Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
Union Budget: Rs. 60,000 crore allocated for Har Ghar, Nal Se Jal Scheme
Feb 01, 2022, at 08:56 pm
New Delhi: An allocation of Rs. 60,000 crore has been made in the Union Budget to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme.
Budget 2022-23: FM Sitharaman ups capital outlay by 35.4% to Rs 7.5 lakh cr for FY2023
Feb 01, 2022, at 07:40 pm
Mumbai/UNI: With a clear focus on improving the transportation infrastructure, multi-modal logistic parks, urban planning, as well as energy transition, Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023, on Tuesday proposed a 35 percent increase in capital expenditure to Rs 7.5 lakh crore in fiscal year 2023.
Budget2022: Nirmala spotlights on infra spending; IT slabs unchanged, 30 pc crypto tax imposed
Feb 01, 2022, at 07:23 pm
New Delhi/IBNS: With an emphasis on infrastructure spending and keeping the Income Tax slabs unchanged, Union Finance Minister Nirmala Sitharaman presented her fourth budget in Parliament where she announced a big leap in capital expenditure while imposing a tax of 30 percent on gift of cryptocurrencies at receiver's end amid declaration of digital rupee issuance by the RBI shortly.