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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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Big INFRA boost of Rs 20,000 crore! Modi government to constitute National Bank for Financing Infrastructure and Development—All DETAILS here

Big INFRA boost of Rs 20,000 crore! Modi government to constitute National Bank for Financing Infrastructure and Development—All DETAILS here

Tue, Jun 08, 2021

In a major infra boost, the Modi government will create a national bank to push infrastructure projects across India. The aim behind constituting this national bank is to give impetus to infrastructure development goals.

PMGKP Claims - FM Nirmala Sitharaman meets heads of insurance companies, calls for faster settlement of claims

PMGKP Claims - FM Nirmala Sitharaman meets heads of insurance companies, calls for faster settlement of claims

Sun, Jun 06, 2021

Union Finance Minister Nirmala Sitharaman met the heads of insurance companies on Saturday through Video conferencing to review the progress made under the Pradhan Mantri Garib Kalyan Package (PMGKP) insurance scheme for health workers fighting Covid-19.

GST council meeting UPDATE: MoF forms 8-member team to examine tax exemption on COVID-19 material

GST council meeting UPDATE: MoF forms 8-member team to examine tax exemption on COVID-19 material

Sat, May 29, 2021

A Group of Ministers (GoM) has been assigned to examine the issue of GST concession/exemption to COVID-19 relief material. The Ministry of Finance has tweeted the information on May 29. This decision was taken after the GST meeting, which was conducted on Friday, May 28.

GST council meeting outcome updates: Import of COVID-related relief items to be EXEMPTED from IGST till 31 August 2021

GST council meeting outcome updates: Import of COVID-related relief items to be EXEMPTED from IGST till 31 August 2021

Fri, May 28, 2021

GST council meeting outcome LIVE Updates:Finance Minister Nirmala Sitharaman held a Goods and Services Tax (GST) Council meeting via video conferencing on Friday, the minutes of which she will announce in a media briefing soon.

43rd GST Council meeting date in 2021: 1st time this year! Covid relief measures to be announced? Check big expectations, agenda

43rd GST Council meeting date in 2021: 1st time this year! Covid relief measures to be announced? Check big expectations, agenda

Sun, May 16, 2021

GST Council meeting date in 2021: In a major development, the GST Council will meet for the first time this year on May 28, through video conferencing.

GST exemption on Covid vaccine, related drugs: How it will impact consumers, manufacturers? Nirmala Sitharaman explains!

GST exemption on Covid vaccine, related drugs: How it will impact consumers, manufacturers? Nirmala Sitharaman explains!

Mon, May 10, 2021

The government on Sunday explained how Goods and Service Tax (GST) exemption would make these covid-related products and equipment costlier for the consumers.

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

Thu, May 06, 2021

The Finance Ministry on Thursday released the second monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states. With the release of the second instalment, a total amount of Rs 19,742 crore has been released in the first two months of the current financial year as Post Devolution Revenue Deficit Grant to the states, the ministry said in a statement

Centre readies National Hydrogen mission, Rs 800 crore outlay planned

Centre readies National Hydrogen mission, Rs 800 crore outlay planned

Thu, Apr 15, 2021

In the Budget Speech 2021-22, Finance Minister Nirmala Sitharaman proposed to launch a National Hydrogen Mission for generating hydrogen from green power sources.

Insurance (Amendment) Bill 2021: Nirmala Sitharaman to move Bill in Rajya Sabha for passing today

Insurance (Amendment) Bill 2021: Nirmala Sitharaman to move Bill in Rajya Sabha for passing today

Thu, Mar 18, 2021

The Insurance (Amendment) Bill 2021 that is aimed at bringing changes in the Insurance Act to pave the way for 74 per cent foreign direct investment (FDI) in the sector will be introduced in the Upper House of the Parliament on Thursday, March 18.

FM Nirmala Sitharaman approved formation of DFI for Infrastructure Projects

FM Nirmala Sitharaman approved formation of DFI for Infrastructure Projects

Tue, Mar 16, 2021

Finance Minister Nirmala Sitharaman held a press conference regarding the decisions of the cabinet and informed that the formation of DFI has been approved for the infrastructure projects. DFI will provide funds to the infrastructure and development project.

Exclusive ! FM reviews NSE tech failure, exchange to submit report within 21 days to SEBI: official

Exclusive ! FM reviews NSE tech failure, exchange to submit report within 21 days to SEBI: official

Thu, Mar 04, 2021

SEBI will submit its report to finance ministry the official cited above told after Finance Minister Nirmala Sitharaman's review meeting on the technical glitch with SEBI chief and finance ministry secretaries got over.

Technology driven glitch at NSE cost us hugely: FM Nirmala Sitharaman

Technology driven glitch at NSE cost us hugely: FM Nirmala Sitharaman

Mon, Mar 01, 2021

The technical glitch at National Stock Exchange has cost us immensely, Finance Minister Nirmala Sitharaman said Monday at the 45th Civil Accounts Day. The statement comes after NSE trading halted last week on February 24 for nearly four hours causing panic among traders and investors.

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Thu, Feb 25, 2021

Government of India (GoI) has lifted the embargo on private sector banks for the conduct of government related transactions.

FM to hold Capex review meet with PSUs belonging to Coal, Steel, Civil Aviation and Telecom today

FM to hold Capex review meet with PSUs belonging to Coal, Steel, Civil Aviation and Telecom today

Mon, Feb 22, 2021

Union Finance Minister Nirmala Sitharaman to hold review meeting on capex performance of CPSEs at 11:00 AM via video conference.

Want to see private sector unleash its animal spirits - Know why Nirmala Sitharaman said this

Want to see private sector unleash its animal spirits - Know why Nirmala Sitharaman said this

Sun, Feb 21, 2021

Sitaraman emphasized that the government was committed to multi-year stimulus spending to support sustained economic recovery.

Privatisation of PSU Banks: Modi government may do this - All you need to know

Privatisation of PSU Banks: Modi government may do this - All you need to know

Tue, Feb 16, 2021

Privatisation of PSU Banks: In order to facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year.

Fiscal consolidation roadmap! Nirmala Sitharaman to address post-Budget RBI board meet - All you need to know

Fiscal consolidation roadmap! Nirmala Sitharaman to address post-Budget RBI board meet - All you need to know

Sun, Feb 14, 2021

Union Finance Minister Nirmala Sitharaman is scheduled to address the post-Budget meeting of the RBI's central board on Tuesday and highlight key points of Union Budget 2021-22, including the fiscal consolidation roadmap.

Big LIC IPO impact on stock market is almost sure, provided Modi government achieves this target

Big LIC IPO impact on stock market is almost sure, provided Modi government achieves this target

Thu, Feb 11, 2021

LIC IPO: The Life Insurance Corporation (LIC) IPO (Initial Public Offer) will come after in 2021 but if we go by the Zee Business exclusive report, the Narendra Modi Government has targeted to open 1 crore new Demat Accounts by this LIC IPO launch date.

Big cash transfer from Modi government to these workers - Rs 3,000 to each bank account | All you need to know about good money news

Big cash transfer from Modi government to these workers - Rs 3,000 to each bank account | All you need to know about good money news

Sun, Feb 07, 2021

Each of these workers had earlier received Rs 5,000 in two phases.

LIC Policy holders alert! GOOD news for you! Via LIC IPO, here is big benefit that will come soon

LIC Policy holders alert! GOOD news for you! Via LIC IPO, here is big benefit that will come soon

Thu, Feb 04, 2021

Life Insurance Corporation of India or LIC policy holders are set to get a big benefit from LIC IPO, which will come soon. The Government of India (GoI) will reserve as much as 10 per cent stake for the LIC policy holders at the time of LIC IPO launch.

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