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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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Many districts lack banking presence despite high level of economic activities: FM

Many districts lack banking presence despite high level of economic activities: FM

Sun, Sep 26, 2021

Addressing banking industry lobby grouping Indian Banks' Association (IBA), Union Finance Minister Nirmala Sitharaman asked lenders to augment efforts of deepening presence

Big GST decision for cloud kitchens, food delivery platforms like Zomato and Swiggy but no extra tax burden on end consumer

Big GST decision for cloud kitchens, food delivery platforms like Zomato and Swiggy but no extra tax burden on end consumer

Sat, Sep 18, 2021

What it means is that from January 1, food delivery apps will have to collect and deposit 5 per cent GST with the government, in place of restaurants, for deliveries made by them.

45th GST Council Meeting Outcome: Top decisions you should know - Check highlights

45th GST Council Meeting Outcome: Top decisions you should know - Check highlights

Sat, Sep 18, 2021

-The panel also decided to continue keeping petrol and diesel out of the GST purview as subsuming the current excise duty and VAT into one national rate would impact revenues.

Cabinet clears proposal for govt guarantee for bad bank, informs Finance Minister Nirmala Sitharaman

Cabinet clears proposal for govt guarantee for bad bank, informs Finance Minister Nirmala Sitharaman

Thu, Sep 16, 2021

The proposed bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts.

Ahead of GST Council meet tomorrow, FM Nirmala Sitharaman to address press conference at 5 pm today – CATCH LIVE UPDATES here

Ahead of GST Council meet tomorrow, FM Nirmala Sitharaman to address press conference at 5 pm today – CATCH LIVE UPDATES here

Thu, Sep 16, 2021

Union Finance Minister Nirmala Sitharaman will be addressing a press conferencing at 5 pm today. The press conference can be viewed on the official twitter handle of PIB @PIBMumbai. You can also catch it on the youtube link youtu.be/kbT0WxX1AFE

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Mon, Sep 13, 2021

Elaborating on the government's strategy for handling the pandemic, the minister said that on one hand the focus is on ramping up vaccination as that was the biggest protection against the pandemic while on the other hand the government is working on ramping up health infrastructure, including in the tier 2 and tier 3 cities, by supporting the private sector

TURNAROUND STORY! Public Sector Banks record profit of Rs 31,820 cr after 5 years; FM Sitharaman says Modi government’s 4R strategy worked wonders

TURNAROUND STORY! Public Sector Banks record profit of Rs 31,820 cr after 5 years; FM Sitharaman says Modi government’s 4R strategy worked wonders

Thu, Aug 26, 2021

The outperformance of PSBs has continued in the April - June quarter 2021 as well. Overall profits in this quarter have been at Rs 14,012 crore and operational profits, fee income as well as treasury income has continued to see robust growth.

FM launches National Monetisation Pipeline; estimates Rs 6 lakh cr via core assets of Centre

FM launches National Monetisation Pipeline; estimates Rs 6 lakh cr via core assets of Centre

Mon, Aug 23, 2021

The NMP has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22

Nirmala Sitharaman Birthday: See PM Modi and other ministers' WISHES on Finance Minister's birthday

Nirmala Sitharaman Birthday: See PM Modi and other ministers' WISHES on Finance Minister's birthday

Wed, Aug 18, 2021

Prime Minister Narendra Modi and other union ministers wish Union Finance Minister Nirmala Sitharaman on her birthday.

Income Tax Return: Billionaires in India - All you need to know

Income Tax Return: Billionaires in India - All you need to know

Tue, Aug 10, 2021

Number of individuals disclosing a gross total income of more than Rs 100 crore (one billion rupees) in a year in his/her return of income filed with the Income Tax Department during 2018-19 stood at 77, she said in a reply to the Rajya Sabha

Govt gets 61% revenue boost from excise in FY21

Govt gets 61% revenue boost from excise in FY21

Mon, Aug 02, 2021

Centre's total revenue (tax and non tax, and after adjusting state's share in central taxes) for financial year 2020-21 stood at Rs 16,32,094, crore a marginal 3.09 fall over the non-Covid year 2019-20 when total revenue stood at Rs 16,84,059 crore

Cabinet clears amendment to LLP Act to decriminalise various provisions

Cabinet clears amendment to LLP Act to decriminalise various provisions

Wed, Jul 28, 2021

The government on Wednesday cleared amendments to the Limited Liability Partnership (LLP) Act, with an aim to decriminalise various provisions under the law and foster the ease of doing business in the country.

G20 Meeting 2021: FM Nirmala Sitharaman highlights importance of THESE 3 catalysts of economic recovery; says made available CoWIN FREELY to world on humanitarian ground

G20 Meeting 2021: FM Nirmala Sitharaman highlights importance of THESE 3 catalysts of economic recovery; says made available CoWIN FREELY to world on humanitarian ground

Sat, Jul 10, 2021

Union Finance Minister Nirmala Sitharaman on Saturday virtually took part in the ongoing G20 meeting of Finance Ministers and Central Bank Governors. This was the second day of G20 meeting.

Nirmala Sitharaman meets heads of insurers - What all Finance Minister discussed

Nirmala Sitharaman meets heads of insurers - What all Finance Minister discussed

Mon, Jul 05, 2021

Finance Minister Nirmala Sitharaman on Saturday reviewed the progress made under the Pradhan Mantri Garib Kalyan Package (PMGKP) insurance scheme for health workers fighting COVID-19 and asked insurers to accelerate the disbursement of pending claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

GST Day: Our tax base nearly doubled from 66.25 lakhs to 1.28 cr in 4 years; GST revenues crossed Rs 1 lakh crore-mark for 8 months in a row: FM Nirmala Sitharaman

GST Day: Our tax base nearly doubled from 66.25 lakhs to 1.28 cr in 4 years; GST revenues crossed Rs 1 lakh crore-mark for 8 months in a row: FM Nirmala Sitharaman

Thu, Jul 01, 2021

Finance Minister Nirmala Sitharaman on Thursday said that the tax base in the last four years have almost doubled. She was speaking to the media on the sidelines of 4th anniversary of GST. "Our tax base has almost doubled from 66.25 lakhs to 1.28 crores.

GST Amnesty Scheme – Unable to file GST returns and take benefit, businesses urge government to do THIS

GST Amnesty Scheme – Unable to file GST returns and take benefit, businesses urge government to do THIS

Wed, Jun 30, 2021

An important day for the Indian indirect taxation system - the Goods and Services Tax (GST) - which will be completing its four years at the helm, on Thursday. The government has been making changes in the law to remove teething problems from time-to-time. The government has also recently launched the GST Amnesty scheme. This scheme is valid for the period between July 2017 and April 2021

EPFO: FM Sitharaman extends employers' incentives till 31 March 2022; move aims at enabling firms to hire more

EPFO: FM Sitharaman extends employers' incentives till 31 March 2022; move aims at enabling firms to hire more

Mon, Jun 28, 2021

The 'Atmanirbhar Bharat Rozgar Yojana' Launched on 1 October 2020, has now been extended till 31 March 2022, Finance Minister Nirmala Sitharaman today announced during a press conference.

FM Nirmala Sitharaman media briefing UPDATES: Economic RELIEF MEASURES worth Rs 6,28,993 crore announced for various sectors

FM Nirmala Sitharaman media briefing UPDATES: Economic RELIEF MEASURES worth Rs 6,28,993 crore announced for various sectors

Mon, Jun 28, 2021

Finance Minister Nirmala Sitharaman is all set to hold a media briefing at the National Media Centre in New Delhi at 3 pm on Monday, June 28.

GST Council Meeting 2021 Outcome updates: Council agrees to 5% GST rate on vaccine; approves rate cut for Remdesivir from 12% to 5%

GST Council Meeting 2021 Outcome updates: Council agrees to 5% GST rate on vaccine; approves rate cut for Remdesivir from 12% to 5%

Sat, Jun 12, 2021

GST Council Meeting 2021 Date: Finance Minister Nirmala Sitharaman will chair the 44th GST Council meeting at 11 am today, June 12.

GST Council Meet on June 12: Finance Minister Nirmala Sitharaman to take call on GST rate cut for COVID essentials, black fungus medicine

GST Council Meet on June 12: Finance Minister Nirmala Sitharaman to take call on GST rate cut for COVID essentials, black fungus medicine

Thu, Jun 10, 2021

Finance Minister Nirmala Sitharaman will chair the GST Council meet on June 12. The all-powerful council will discuss and implement GST rate cut for COVID essentials and black fungus medicine

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