Tue, May 14, 2024
Finance Minister Nirmala Sitharaman has said that the government is confident of Prime Minister Narendra Modi's return to power in the ongoing Lok Sabha election. Her remarks come a day after several parts of the country voted under a fourth phase of polling in the world's largest electoral exercise.
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Wed, May 08, 2024
The Finance Minister said that contrary to Rahul Gandh's claims of HAL not performing well, its market valuation, under Prime Minister Narendra Modi's tenure, has skyrocketed by 1,370 per cent in merely four years, rising from Rs 17,398 crore in 2020 to Rs 2.5 lakh crore as of May 7.
Finance Minister Nirmala Sitharaman took to X (formerly Twitter) to say that PSUs are benefitting “significantly from the culture of professionalism infused in them along with increased operational freedom”, in a categorical rebuttal to certain claims made by the Oppostition about the sector.
Fri, Sep 20, 2019
Zee Business Managing Editor Anil Singhvi, who is known for his amazing finance, stock markets and business-related predictions had already said that the Indian economy will get a massive push if Modi 2.0 slashes corporate tax.
Corporate tax cut: slashes rate to 22% from 30%. To know more watch the video
Indian equity indices today witnessed a big surge after Finance Minister Nirmala Sitharaman announced a slew of measures to give a boost to the economy ahead of the GST Council meeting on Friday.
Uday Kotak, Executive Vice-Chairman and Managing Director of Kotak Mahindra Bank, said that this was a "Big bang reform" measure that will allow companies to compete with countries like the US.
Prime Minister Narendra Modi, under pressure to make good on a promise to deliver growth and tens of thousands of jobs, said the new rates would spur investment including his signature programme to boost domestic manufacturing.
The decision was immediately cheered by India Inc., especially IT companies that over the years have stepped up payout ratios and used a mix of dividend and share buybacks to return profits to the shareholders.
Finance Minister Nirmala Sitharaman slashed corporate tax rate in a major way to give economic growth a big booster dose after data put showed economy grew by 5% in last quarter. Sitharaman made the announcement in Goa ahead of the GST Council meeting.
Corporate tax cut: Rajnish Kumar said, "This move could also materially lead to India effectively integrating with the global supply chain and a boost to Make in India campaign.”
Vedanta Resources Chairman Anil Agarwal today termed the corporate rate cut announcement by FM Nirmala Sitharaman, from 30 percent to 22 percent, as unbelievable good fortune.
The total taxation revenue loss due to the measure would be 1.45 lakh crore rupees ($20.5 billion), Sitharaman said, raising concerns that the government may not be able to meet its fiscal deficit target of 3.3% for 2019-20 at a time when tax revenue collections are already weak.
Indian stock market surge on the Finance Minister Nirmala Sitharaman's announcement. Sensex gains more than 1,000 points. Indian corporate tax rate lowest in south-east Asia. Watch this video to know more.
GST Council Meeting LIVE UPDATES: Goods and Services Tax (GST) Council meeting is underway in Goa's Panaji.
Following the big announcement by Finance Minister Nirmala Sitharaman, stock markets benchmark indices shot up substantially.
Whopping Rs 1.45 lakh crore GIFT: FM Nirmala Sitharaman has proposed to slash corporate tax for domestic companies and new domestic manufacturing companies.
Finance Minister Nirmala Sitharaman is likely to unveil measures to boost economic growth, which slipped to a six-year low of 5% in the April-June quarter, two government sources said on Thursday.
Thu, Sep 19, 2019
Union Finance Minister Nirmala Sitharaman and MoS Finance & Corporate Affairs Anurag Thakur on Thursday held a review meeting with Public Sector Banks (PSBs) at New Delhi. A number of issues relating to the sector were discussed.
Union Finance Minister Nirmala Sitharaman and MoS Finance & Corporate Affairs Anurag Thakur on Thursday held a review meeting with Public Sector Banks (PSBs) at New Delhi
Finance minister Nirmala Sitharaman will meet heads of public sector banks. To know more about merger, watch the video
Wed, Sep 18, 2019
It's a big day for Indian Railways employees, nothing short of a massive Diwali gift! The government has announced it will pay 78 days bonus to over 11 lakh railway employees. Union ministers Nirmala Sitharaman and Prakash Javadekar today briefed the media on key Cabinet decisions.
Tue, Sep 17, 2019
The report stated that a total of 4 lakh units of projects launched in 2013 or before are stuck or delayed across various segments, excluding NCLT projects.
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