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FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

Sat, Oct 19, 2024

During the meeting in Mexico City, Sitharaman congratulated Ramirez de la O for being appointed as Secretary of Finance and Public Credit for a second consecutive term, and also commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies.

Finance Minister Nirmala Sitharaman invites Mexican firms to collaborate with startups and academic institutions

Finance Minister Nirmala Sitharaman invites Mexican firms to collaborate with startups and academic institutions

Fri, Oct 18, 2024

Finance Minister Nirmala Sitharaman on Thursday urged Mexican firms to explore collaborations with startups as well as academic institutions and take advantage of India's business-friendly policies.

Over 34.84 lakh income tax audit reports filed on e-filing portal up to Oct 7: Finance Ministry

Over 34.84 lakh income tax audit reports filed on e-filing portal up to Oct 7: Finance Ministry

Wed, Oct 09, 2024

The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed for assessment year 2024-25 on the e-filing portal till October 7.

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Arun Jaitley takes up H-1B visa issue with US Commerce Secretary

Arun Jaitley takes up H-1B visa issue with US Commerce Secretary

Fri, Apr 21, 2017

Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said.

Govt orders departments, states to ensure privacy with Aadhaar card details

Govt orders departments, states to ensure privacy with Aadhaar card details

Mon, Apr 03, 2017

Indian government ordered its central departments and states to maintain strict privacy of Aadhaar card details of people, a report by ET Now said on Monday.

GST Council approves rules on input tax credit, says Jaitley

GST Council approves rules on input tax credit, says Jaitley

Fri, Mar 31, 2017

Speaking at a press conference in New Delhi, Finance Minister, Arun Jaitley on Friday said that the GST Council approved rules on input tax credit, valuation, transitional provisions and composition.

Boosting private sector investment in India challenging: Arvind Subramanian

Boosting private sector investment in India challenging: Arvind Subramanian

Wed, Mar 29, 2017

Boosting private sector investment remains a challenge for the Indian economy, Arvind Subramanian, chief economic adviser to the finance ministry told the annual Credit Suisse Asian Investment Conference in Hong Kong on Wednesday.

Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley

Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley

Fri, Mar 17, 2017

In a reply to a Lok Sabha question, Finance Minister, Arun Jaitley on Friday said that so far the government has received revenue from cesses of Rs 2.66 lakh crore in FY17.

Bank NPAs show a declining trend, says Finance Minister Arun Jaitley

Bank NPAs show a declining trend, says Finance Minister Arun Jaitley

Wed, Mar 15, 2017

Finance Minister Arun Jaitely on Wednesday said that non-performing assets (NPAs) are showing a declining trend in the last quarter of the current financial year. He said that despite this trend, NPAs continue to be a challenging task for banks.

Model GST Bill to go for 20% peak tax, slabs intact for now

Model GST Bill to go for 20% peak tax, slabs intact for now

Thu, Mar 02, 2017

The GST Council has proposed to raise the peak tax rate to 20%, from the current 14%, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change in rates in future.

Merger plan: SBI, 3 associates inform Cabinet nod to exchanges

Merger plan: SBI, 3 associates inform Cabinet nod to exchanges

Thu, Feb 16, 2017

State Bank of India (SBI) and three of its listed subsidiaries today informed the exchanges the Cabinet approval on the planned merger of associates with the parent bank.

Study any course online by using SWAYAM app, Jaitley says; here's how

Study any course online by using SWAYAM app, Jaitley says; here's how

Wed, Feb 01, 2017

In its push toward a digital economy, the Union Budget mentioned incentives for India’s youth to enhance learning outcomes in the country.

GST protest: 70,000 tax officers to wear black bands today

GST protest: 70,000 tax officers to wear black bands today

Sun, Jan 29, 2017

About 70,000 tax officers and employees in the country will wear black bands at work on Monday January 30, 2017, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley.

Finance Minister may hike service tax to 16-18% in Budget

Finance Minister may hike service tax to 16-18% in Budget

Sun, Jan 29, 2017

Finance Minister Arun Jaitley may hike service tax rate to 16-18 % from the current 15 % in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout.

Cut indirect tax rates, not direct ones: Chidambaram

Cut indirect tax rates, not direct ones: Chidambaram

Sat, Jan 28, 2017

In view of the "sufferings" of the common people resulting from demonetisation, former Union Finance Minister P. Chidambaram on Saturday suggested that the Centre should cut indirect tax rates to mitigate the hardships people are facing now.

Budget 2017: Govt to borrow more than originally planned

Budget 2017: Govt to borrow more than originally planned

Thu, Jan 26, 2017

That is raising concern among some economists and investors that the government will take too many fiscal risks.

States agree July 1 realistic date to implement GST, says Jaitley

States agree July 1 realistic date to implement GST, says Jaitley

Mon, Jan 16, 2017

In the ninth meet of the Goods and Service Tax (GST) Council, Finance Minister, Arun Jaitley admitted on Monday that July 1 would be the ‘realistic’ date to implement GST.

No decision by GST Council on dual control yet, says Kerala FM

No decision by GST Council on dual control yet, says Kerala FM

Mon, Jan 16, 2017

In the ninth meeting of the Goods and Service Tax (GST) Council on Monday, Kerala Finance Minister, Isaac Thomas said that the meet had no decision on dual control yet. He further added that Indian states will soon get the right to tax territorial waters.

Finance Ministry finalising fund infusion for PSBs to exceed Rs 25,000 crore

Finance Ministry finalising fund infusion for PSBs to exceed Rs 25,000 crore

Sun, Jan 15, 2017

The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.

Jaitley looks to break deadlock at GST meeting tomorrow

Jaitley looks to break deadlock at GST meeting tomorrow

Sun, Jan 15, 2017

Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

Hope to resolve issues for GST rollout from April 1: Jaitley

Hope to resolve issues for GST rollout from April 1: Jaitley

Wed, Jan 11, 2017

With states and the Centre still locked in stalemate over control of tax payers, Finance Minister Arun Jaitley today said the issue will be resolved in next few weeks for rollout of the GST regime from April 1.

Government may lose Rs 25,000 crore if it moves income tax slabs

Government may lose Rs 25,000 crore if it moves income tax slabs

Wed, Jan 11, 2017

Finance Minister, Arun Jaitley’s stance on levying income tax stands to be ‘making taxation more reasonable;’ however, this could cost the government Rs 25,000 crore in FY18.

Five demands of Oxfam from India's budget

Five demands of Oxfam from India's budget

Tue, Jan 10, 2017

Ahead of the Union Budget, international confederation of charitable organisations – Oxfam has passed around a petition labelled, ‘Call for an Economy that Works for Everyone, Not Just the Few!’

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