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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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Budget 2020: Big gift for travellers, Govt green-flags 150 private trains on PPP model

Budget 2020: Big gift for travellers, Govt green-flags 150 private trains on PPP model

Sat, Feb 01, 2020

Budget 2020: Finance Minister Nirmala Sitharaman has announced the Railways will run 150 private trains on a public-private-partnership (PPP). The government will be linking various tourist spots by running Tejas Express, the finance minister said

Budget 2020: All the tax exemptions taxpayers will have to let go in new tax regime

Budget 2020: All the tax exemptions taxpayers will have to let go in new tax regime

Sat, Feb 01, 2020

Budget 2020: The government has made changes in the income tax slabs. The change in income tax slabs has been brought with some conditions. The taxpayers have the option to stick to the current scheme or switch to the new one introduced in the budget

Budget 2020: Expansion of Ayushman Bharat scheme to bridge gap between secondary and tertiary care, says Max Bupa's Ashish Mehrotra

Budget 2020: Expansion of Ayushman Bharat scheme to bridge gap between secondary and tertiary care, says Max Bupa's Ashish Mehrotra

Sat, Feb 01, 2020

Budget 2020: Hailing the Union Budget presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday, Ashish Mehrotra, MD & CEO, Max Bupa Health Insurance said that moves like allotment of Rs 69000 crore to healthcare sector and expansion of Ayushman Bharat scheme are welcome moves.

Budget 2020: Farmers, women, middle class to senior citizens; Find who got what from Nirmala Sitharman

Budget 2020: Farmers, women, middle class to senior citizens; Find who got what from Nirmala Sitharman

Sat, Feb 01, 2020

Budget 2020: FM Nirmala Sitharaman has tried to reach out to each and every section of society.

Budget 2020: Expert explains how your EPF, NPS could become taxable

Budget 2020: Expert explains how your EPF, NPS could become taxable

Sat, Feb 01, 2020

Budget 2020: While the government has decided to rejig the tax structure by introducing new slabs and reducing tax rates in almost all categories, your contribution towards employees provident fund, national pension system and other investment instruments might become taxable.

Budget 2020 News: Modi Government to raise Rs 2.1 lakh crore for FY21 from disinvestment; LIC, IDBI Bank in stake sale list

Budget 2020 News: Modi Government to raise Rs 2.1 lakh crore for FY21 from disinvestment; LIC, IDBI Bank in stake sale list

Sat, Feb 01, 2020

Budget 2020 Highlights: Nirmala Sitharaman announced today that Narendra Modi government plans to raise Rs 2.1 lakh crore for FY21 from disinvestment.

Budget 2020: For homebuyers, deduction up to Rs 1.5 lakh on loan interest, tax holiday for affordable housing extended

Budget 2020: For homebuyers, deduction up to Rs 1.5 lakh on loan interest, tax holiday for affordable housing extended

Sat, Feb 01, 2020

Budget 2020: In her Budget speech, FM Nirmala Sitharaman had some good news for homebuyers. She said, "For affordable housing, I had announced an additional deduction of up to Rs 1.5 lakh for interest paid on loans taken for purchasing affordable houses. The deduction was allowed on housing loans sanctioned on or before 31st March 2020."

Budget 2020: Startups welcome delayed ESOPs, experts say decision to help will lend greater flexibility

Budget 2020: Startups welcome delayed ESOPs, experts say decision to help will lend greater flexibility

Sat, Feb 01, 2020

Budget 2020: One of the biggest announcements from Finance Minister Nirmala Sitharaman in Union Budget 2020 came in the form of five-year tax holiday on employees' stock ownership plan (ESOPs) for start-ups, a move that has been welcomed by both startups themselves as well as experts.

DDT Budget 2020: Dividend Distribution Tax removed — What it means for you as an investor

DDT Budget 2020: Dividend Distribution Tax removed — What it means for you as an investor

Sat, Feb 01, 2020

DDT Budget 2020: According to tax and investment experts, the removal of DDT means transparency in dividends distribution.

Budget 2020: Here is what Corporate leaders had to say on FM Nirmala Sitharaman's proposals

Budget 2020: Here is what Corporate leaders had to say on FM Nirmala Sitharaman's proposals

Sat, Feb 01, 2020

"We had many expectations from the budget but there are no major announcements, however, small but conditional announcements have been made like personal tax rate will be brought down, if you give away the exemptions. So, the announcements will not help in reviving the economy. Even the stock markets have also gone down considerably", says Adi Godrej, chairman, Godrej Group.

Budget 2020: Smartphone makers welcome FM's idea of new scheme, hope for Make in India boost

Budget 2020: Smartphone makers welcome FM's idea of new scheme, hope for Make in India boost

Sat, Feb 01, 2020

Budget 2020: The smartphone industry has welcomed Finance Minister Nirmala Sitharaman's proposal for a new scheme for manufacturing cell phones, semi conductors and other electronic devices.

Nirmala Sitharaman full budget 2020 speech: Read all about the presentation in Parliament

Nirmala Sitharaman full budget 2020 speech: Read all about the presentation in Parliament

Sat, Feb 01, 2020

Finance Minister Nirmala Sitharaman today presented her second Budget in Parliament. In her speech, Sitharaman said announced a multi-billion dollar package of farm and infrastructure support for 2020/21.

'Aspirational India, economic development, caring society': Sitharaman presents her 2nd Budget

'Aspirational India, economic development, caring society': Sitharaman presents her 2nd Budget

Sat, Feb 01, 2020

Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget 2020. As the Indian economy faces one of the worst slowdowns in the country, Sitharaman had her task cut out to announce measures that will spur growth.

Budget 2020: LIC to be listed, says FM Nirmala Sitharaman

Budget 2020: LIC to be listed, says FM Nirmala Sitharaman

Sat, Feb 01, 2020

The ministry launched Government e-Marketplace (GeM), an online platform for public procurement, in August 2016 with the objective of creating an open and transparent procurement platform for government departments.

Budget 2020 Cheaper and Dearer: Imported shoes, furniture to become dearer; check list of items here

Budget 2020 Cheaper and Dearer: Imported shoes, furniture to become dearer; check list of items here

Sat, Feb 01, 2020

Budget 2020 Dearer and Cheaper: After the budgetary proposals announced by Finance Minister Nirmala Sitharaman, there is a list of items that may become dearer.

Budget 2020: Aadhaar-based verification of taxpayers - Govt announces introduction

Budget 2020: Aadhaar-based verification of taxpayers - Govt announces introduction

Sat, Feb 01, 2020

Budget 2020: Aadhaar-based verification "Will help in weeding out dummy or non-existent units. Dynamic QR code proposed for consumer invoices. GST parameters will be captured when payment for purchases is made through QR code," Finance Minister Nirmala Sitharaman said during her budget speech

Income Tax slabs 2020: How much you will have to pay now?

Income Tax slabs 2020: How much you will have to pay now?

Sat, Feb 01, 2020

Income Tax slabs 2020: The Modi government on Saturday introduced new slabs for taxpayers in India, while reducing the tax rate for different slabs for people with income up to Rs 15 lakh per annum, if they opt for foregoing exemptions and deductions.

Budget 2020: Dividend Distribution Tax abolished, announces FM Nirmala Sitharaman

Budget 2020: Dividend Distribution Tax abolished, announces FM Nirmala Sitharaman

Sat, Feb 01, 2020

Budget 2020: Addressing the demand from experts and industry, finance minister Nirmala Sitharaman on Saturday abolished the Dividend Distribution Tax or DDT.

Income Tax Slab 2020: Big relief for taxpayers! FM announces new income tax slabs; Check benefits

Income Tax Slab 2020: Big relief for taxpayers! FM announces new income tax slabs; Check benefits

Sat, Feb 01, 2020

Income Tax Slab 2020: FM Nirmala Sitharaman has proposed the status quo on personal income up to Rs 5 lakh per annum while she has proposed a new income tax slab.

Budget 2020: Joy for bank customers! Insurance cover on bank FDs, deposits increased to Rs 5 lakh

Budget 2020: Joy for bank customers! Insurance cover on bank FDs, deposits increased to Rs 5 lakh

Sat, Feb 01, 2020

Budget 2020: The government on Saturday increased the limit of insurance cover in case of bank failure on deposits to Rs 5 lakh. The announcement was made by the finance minister in her Budget 2020 speech.

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