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Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

Sat, Dec 21, 2024

The GST Council has made a host of decisions concerning a variety of areas including certain snacks, electric vehicles (EVs) and construction materials. Finance and Corporate Affairs Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan. Here are some of the key takeaways from the 55th meeting of the GST Council.

GST Council postpones decision on slashing tax on life, health insurance

GST Council postpones decision on slashing tax on life, health insurance

Sat, Dec 21, 2024

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

Sat, Dec 21, 2024

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan, on Saturday.

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FM Sitharaman releases special cover and customised myStamp to mark 50th GST Council Meeting

FM Sitharaman releases special cover and customised myStamp to mark 50th GST Council Meeting

Tue, Jul 11, 2023

The 50th GST Council meeting was held in Delhi on July 11, 2023, chaired by Finance Minister Nirmala Sitharaman. FM Sitharaman released a special cover and customised myStamp to mark the occasion. The Special cover was presented to the Finance Minister by the Chief Post Master General, Delhi Circle.

Union ministers including Nirmala Sitharaman meet JP Nadda

Union ministers including Nirmala Sitharaman meet JP Nadda

Wed, Jul 05, 2023

There was no official word on what transpired in the meetings but it is believed that more leaders have met the central leaders in the last couple of days.

PRAHAR writes to Finance Ministry over violation of advertisement norms by some insurance brokers

PRAHAR writes to Finance Ministry over violation of advertisement norms by some insurance brokers

Tue, Jul 04, 2023

Civil society organisation PRAHAR has written a letter to finance ministry expressing concern over misleading advertisements by some insurance broking firms.

GST has done justice to consumers by bringing rates down: Nirmala Sitharaman

GST has done justice to consumers by bringing rates down: Nirmala Sitharaman

Sun, Jul 02, 2023

GST has brought in greater tax buoyancy, as a result of which, more than your GSDP growth, your tax collection is growing.

India 360: Why Having A Nominee For Your Investments Is Important? Here's What You Should Know

India 360: Why Having A Nominee For Your Investments Is Important? Here's What You Should Know

Wed, May 31, 2023

The Reserve Bank of India (RBI) will launch a new initiative called the '100 Days 100 Pays' campaign, aimed at addressing the issue of unclaimed deposits in the banking system. Responding to Zee Business's question on unclaimed deposits, Finance Minister Nirmala Sitharaman said that it is necessary to have a nominee for bank deposits or savings accounts. Unclaimed assets are increasing due to not having a nominee. Why having a nominee for your investments is important? Watch this special discussion with Deepak Dobhal in India 360.

Sitharaman Posts Impressive Report Card Of BJP's 9-Year Rule

Sitharaman Posts Impressive Report Card Of BJP's 9-Year Rule

Mon, May 29, 2023

Union Finance Minister Nirmala Sitharaman presented a glowing report card of Prime Minister Narendra Modi's 9-years in office, terming them as full of progress and development, here on Monday.

Finance Ministry meets IMF MD Georgieva on sidelines of G7 meeting

Finance Ministry meets IMF MD Georgieva on sidelines of G7 meeting

Fri, May 12, 2023

Fernando appreciated India's organization of the G20 presidency and its piloting of significant global economic issues, the finance ministry said in a tweet.

Karnataka Election 2023: Polling for Karnataka elections begins amid tight security

Karnataka Election 2023: Polling for Karnataka elections begins amid tight security

Wed, May 10, 2023

Voting in the high stakes Karnataka Assembly election began on Wednesday, with the state seeing a three-cornered fight between incumbent BJP, an aggressive Congress and the Deve Gowda-led Janata Dal (Secular), which would hope to play kingmaker again.

Finance Minister Nirmala Sitharaman Arrives At Polling Station To Cast Her Vote

Finance Minister Nirmala Sitharaman Arrives At Polling Station To Cast Her Vote

Wed, May 10, 2023

Union Finance Minister and BJP leader Nirmala Sitharaman arrived at a polling booth in Bengaluru to cast her vote.

Sitharaman meets ADB chief Masatsugu Asakawa, says India remains key partner

Sitharaman meets ADB chief Masatsugu Asakawa, says India remains key partner

Tue, May 02, 2023

The Union Minister, who arrived in Incheon earlier in the day to attend the annual general meeting of ADB, met Asakawa on the sidelines of the event, official sources said.

Finance Minister Nirmala Sitharaman asks CBIC to begin automated GST return scrutiny by next week

Finance Minister Nirmala Sitharaman asks CBIC to begin automated GST return scrutiny by next week

Sat, Apr 29, 2023

In a review meeting of the CBIC, Nirmala Sitharaman directed the board to intensify its drive against fake billing and input tax credit.

Regulating crypto without global consensus will not be effective: FM

Regulating crypto without global consensus will not be effective: FM

Sun, Apr 23, 2023

"The G20 of which the India is currently holding the Presidency, it was India's proposal and it has been taken on board, I'm glad that the G20 has kept it in its agenda for this year, the IMF has given a paper on crypto currency and the way it can affect the macroeconomic stability. The Financial Stability Board (FSB), which was set up by G20, has agreed to give a report that will also focus on financial stability," Sitharaman said.

Finance Minister Sitharaman at IMF meet says India projected to grow at 7% in 2022-23

Finance Minister Sitharaman at IMF meet says India projected to grow at 7% in 2022-23

Sat, Apr 15, 2023

Finance Minister Sitharaman underlined the learning from the pandemic that digitalisation, especially digital public infrastructure (DPI) is a positive-catalyst for the global economy and how India`s DPI revolutionised access and created a vibrant entrepreneurial ecosystem.

Finance Minister Nirmala Sitharaman says any action on crypto assets will have to be global

Finance Minister Nirmala Sitharaman says any action on crypto assets will have to be global

Fri, Apr 14, 2023

Finance Minister Nirmala Sitharaman said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on the crypto assets need to be globally coordinated. India has maintained it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry back in February said it had held a seminar for G20 member states to discuss how to come up with a common framework.

Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy

Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy

Wed, Apr 12, 2023

According to the Finance Ministry, Sitharaman congratulated Gopinath for accelerating India`s work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated New Delhi`s commitment to foster efforts to address growing debt vulnerabilities.

Perception Of Violence Against Indian Muslims Is Inaccurate, Nirmala Sitharaman Tells US Think Tank

Perception Of Violence Against Indian Muslims Is Inaccurate, Nirmala Sitharaman Tells US Think Tank

Tue, Apr 11, 2023

Union minister Nirmala Sitharaman on Monday said that the perception that Muslims do not face discrimination in India does not hold ground as the community’s numbers in the population have grown since 1947.

Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases

Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases

Fri, Apr 07, 2023

Income Tax, Default Tax Regime: Employers will have to take ascent from their employees regarding their choice to opt for new tax regime or the old tax regime.

Finance Ministry asks PSU banks to do proper monitoring of loans

Finance Ministry asks PSU banks to do proper monitoring of loans

Mon, Mar 27, 2023

During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.

Editor's Take: Govt Hikes Tax On F&O Trading By Up To 25%, Which Traders Will Be Affected? Reveals Anil Singhvi

Editor's Take: Govt Hikes Tax On F&O Trading By Up To 25%, Which Traders Will Be Affected? Reveals Anil Singhvi

Mon, Mar 27, 2023

Stock market traders have got a big blow. The government has increased the Securities Transaction Tax (STT) on futures and options (F&O) deals by up to 25 per cent. Which traders will be affected by the increase in STT? Why the limited market reaction? Know from Anil Singhvi.

FM Sitharaman meets PSBs’ chief, asks to identify stress points amid banking crisis in US, Europe

FM Sitharaman meets PSBs’ chief, asks to identify stress points amid banking crisis in US, Europe

Sun, Mar 26, 2023

During the review meeting, Finance Minister Nirmala Sitharaman had an open discussion with the MDs and CEOs of PSBs on the global scenario consisting of the failure of the Silicon Valley Bank (SVB) and the Signature Bank (SB) along with issues leading to the crisis in Credit Suisse.

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