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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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India's commitment to reform being taken seriously by foreign investors: Finance Minister Nirmala Sitharaman

India's commitment to reform being taken seriously by foreign investors: Finance Minister Nirmala Sitharaman

Sun, Sep 06, 2020

Between April-July, the Foreign Direct investment (FDI) into India stood at USD 20 billion.

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Sun, Aug 30, 2020

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

41st meeting of GST Council under FM Nirmala Sitharaman concludes

41st meeting of GST Council under FM Nirmala Sitharaman concludes

Thu, Aug 27, 2020

Today the 41st meeting of the GST Council was held under the leadership of Finance Minister Nirmala Sitharaman. The meeting churned on other issues including GST compensation of states.

GST Council Meet: FM Nirmala Sitharaman says 'Act of God' may result in contraction of economy this fiscal

GST Council Meet: FM Nirmala Sitharaman says 'Act of God' may result in contraction of economy this fiscal

Thu, Aug 27, 2020

Referring to the spread of coronavirus pandemic as ‘Act of God’, finance minister Nirmala Sitharaman while addressing media on Thursday, said that it might lead to a contraction of economy this fiscal. The finance minister’s statement came after a long GST Council meet because of which her virtual press conference had to be delayed.

GST Council to take up GST rate cut issue on two-wheelers, FM says

GST Council to take up GST rate cut issue on two-wheelers, FM says

Tue, Aug 25, 2020

Finance Minister Nirmala Sitharaman on Tuesday said that the Goods and Services Tax (GST) Council will take up the industry’s proposal to reduce tax on two-wheelers, according to a press release issued by industry body Confederation of India Industries (CII)

Modi government's new gift; know what is Taxpayers' Charter?

Modi government's new gift; know what is Taxpayers' Charter?

Fri, Aug 14, 2020

Modi government's new gift to honest taxpayers, Prime Minister Narendra Modi launched taxation platform. In this video, understand what is taxpayers' charter!

PM Narendra Modi to launch platform for transparent taxation on August 13

PM Narendra Modi to launch platform for transparent taxation on August 13

Wed, Aug 12, 2020

Ahead of Independence Day, Prime Minister Narendra Modi is hosting a meeting with all Principal Chief Commissioners and Chief Commissioners of Income Tax on August 13. During the meet, PM Modi is set to launch a new tax programme - Transparent Taxation — Honouring the Honest’.

15 proposals of stressed NBFCs, HFCs worth Rs 6,400 cr sanctioned under special liquidity scheme

15 proposals of stressed NBFCs, HFCs worth Rs 6,400 cr sanctioned under special liquidity scheme

Sat, Aug 08, 2020

The Finance Ministry on Saturday said 15 proposals worth Rs 6,399 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore 'Aatmanirbhar Bharat' package.

GST Council to discuss AG opinion on compensation: FM

GST Council to discuss AG opinion on compensation: FM

Sat, Aug 01, 2020

Nirmala Sitharaman on Saturday said the Attorney General's view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held to discuss the legal opinion.

Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman

Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman

Sat, Aug 01, 2020

The government will soon come out with a new public sector enterprises policy that will define strategic sectors which will not have more than four PSUs, Finance Minister Nirmala Sitharaman said on Saturday.

Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM

Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM

Fri, Jul 31, 2020

"Banks cannot refuse credit to MSMEs covered under emergency credit facility. If refused, such instances must be reported. I will look into it, Sitharaman said at a closed-door event of industry chamber Ficci. As part of the Aatmanirbhar Bharat Package, the government had announced?Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.

Exclusive: PM Narendra Modi to chair important meeting with bankers, finance ministry, top-level secretaries - Here is why

Exclusive: PM Narendra Modi to chair important meeting with bankers, finance ministry, top-level secretaries - Here is why

Tue, Jul 28, 2020

As per Zee Business sources, the meeting will take place around 3-4 PM on Wednesday.

Income Tax department responsive to the needs of taxpayers during pandemic : Sitharaman

Income Tax department responsive to the needs of taxpayers during pandemic : Sitharaman

Sat, Jul 25, 2020

Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times.

Emergency Credit Line Guarantee Scheme (ECLGS): Over Rs 19k crore sanctioned to 71 MSMEs

Emergency Credit Line Guarantee Scheme (ECLGS): Over Rs 19k crore sanctioned to 71 MSMEs

Sun, Jul 19, 2020

The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.

Downgrading credit rating amid pandemic limits policy options, says Finance Minister Nirmala Sitharaman

Downgrading credit rating amid pandemic limits policy options, says Finance Minister Nirmala Sitharaman

Sun, Jul 19, 2020

Union Finance Minister Nirmala Sitharaman on Saturday made a strong case for rating agencies to refrain from frequent rating downgrades during the prevailing Covid-19 pandemic, which has put economies across the globe under stress and raised the need to increase spending even at the cost of enlarging deficits.

Aatmanirbhar Bharat! Good news for Mudra Shishu Loan account holders - Check Modi government's latest decision

Aatmanirbhar Bharat! Good news for Mudra Shishu Loan account holders - Check Modi government's latest decision

Wed, Jul 15, 2020

It's a good news for Mudra Shishu Loan account holders as Modi government has taken a big decision.

Emergency Credit Line Guarantee Scheme: Rs 1.20 lakh cr sanctioned for MSMEs under ECLGS

Emergency Credit Line Guarantee Scheme: Rs 1.20 lakh cr sanctioned for MSMEs under ECLGS

Sat, Jul 11, 2020

Emergency Credit Line Guarantee Scheme: The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its ECLGS.

Govt to levy interest on late payment to MSMEs for GeM purchase

Govt to levy interest on late payment to MSMEs for GeM purchase

Sat, Jul 04, 2020

Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1.

Govt discussing with RBI on one-time loan rejig for stressed cos

Govt discussing with RBI on one-time loan rejig for stressed cos

Fri, Jun 26, 2020

FM Nirmala Sitharaman on Thursday said the government is discussing with the Reserve Bank of India (RBI) for loan restructuring of companies which are stressed owing to the Covid-19 pandemic.

Big boost to ‘Make in India’ and ‘Aatmanirbhar Bharat’! Now, sellers must mention ‘country of origin’ on products for GeM platform

Big boost to ‘Make in India’ and ‘Aatmanirbhar Bharat’! Now, sellers must mention ‘country of origin’ on products for GeM platform

Tue, Jun 23, 2020

In a major push for self-reliant India, the government has made it mandatory to mention ‘country of origin’ on products for GeM platform. The decision would also give a major boost to Make in India products. GeM or Government e-Marketplace is the online trading platform for state-run agencies.

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