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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 2024: Union Finance Minister Nirmala Sitharaman's infra push in Lakshadweep to boost tourism

Budget 2024: Union Finance Minister Nirmala Sitharaman's infra push in Lakshadweep to boost tourism

Thu, Feb 01, 2024

Sitharamana's statement holds significance as the government is taking several initiatives to promote tourism in Lakshadweep.

Working to make India a developed nation by 2047: FM Nirmala Sitharaman

Working to make India a developed nation by 2047: FM Nirmala Sitharaman

Thu, Feb 01, 2024

Presenting the interim Budget 2024-25, Sitharaman also said minimum support prices for 'Annadata' (farmers) have been increased periodically and appropriately.

Budget 2024: FM Sitharaman says 43 crore loans aggregating to Rs 22.5 lakh crore extended under PM Mudra Yojana

Budget 2024: FM Sitharaman says 43 crore loans aggregating to Rs 22.5 lakh crore extended under PM Mudra Yojana

Thu, Feb 01, 2024

Sitharaman in her pre-election Budget, which is technically a vote on account and is popularly termed an interim Budget, said direct benefit transfer of Rs 34 lakh crore through Jan Dhan accounts have resulted in savings of Rs 2.7 lakh crore.

Opposition MPs say budget will be for elections, claim government is hoodwinking people

Opposition MPs say budget will be for elections, claim government is hoodwinking people

Thu, Feb 01, 2024

The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 which starts this April, said the Ministry of Finance in a review report. India's economy grew 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22.

Interim Budget 2024 HIGHLIGHTS: FM pegs FY25 fiscal deficit at 5.1%, capex at record Rs 11.1 lakh crore, disinvestment target at Rs 50,000 crore

Thu, Feb 01, 2024

Budget 2024 Highlights, Union Budget 2024 Highlights, Budget 2024 Budget speech: Finance Minister Nirmala Sitharaman said the government targets to contain fiscal deficit at 5.1 per cent for the financial year 2024-25, and announced a record annual capex of Rs 11.1 lakh crore. Catch all the highlights of the Interim Budget 2024-25 here.

Budget 2024: IMC President Samir Somaiya Urges Government To Simplify Tax Process

Budget 2024: IMC President Samir Somaiya Urges Government To Simplify Tax Process

Thu, Feb 01, 2024

Budget 2024: Samir Somaiya, President of IMC Chamber of Commerce & Industry, shares insights on what he expects from the upcoming Union Interim Budget 2024.

Budget 2024: ASSOCHAM Chairman Rahul Garg Talks on India's Prudent Financial Management

Budget 2024: ASSOCHAM Chairman Rahul Garg Talks on India's Prudent Financial Management

Thu, Feb 01, 2024

Rahul Garg, Chairman of ASSOCHAM, shares expectations for the Union Interim Budget 2024 in Delhi.

Union Budget 2024, List of costlier and cheaper items

Budget 2024 Costlier and Cheaper Items Highlights - Economy doing well, inflation is moderate: Nirmala Sitharaman

Wed, Jan 31, 2024

Union Budget 2024 Highlights: The Finance Minister made no changes in the taxation structure in what can be seen as a relief to taxpayers.

Budget 2024 Income Tax Slabs Live, Budget 2024 Highlights on Income Tax Nirmala Sitharaman

Budget 2024 Income Tax Slabs Highlights: FM Nirmala Sitharaman retains same tax rates for direct and indirect taxes; withdraws overdue tax demands for Rs 25,000 upto FY 2009-10, and Rs 10,000 for FY 2010-11 to 2014-15 | Check Latest Income Tax Slabs

Wed, Jan 31, 2024

Budget 2024 Income Tax Slabs Highlights: In the year of the General Elections 2024, on expected lines, Union Finance Minister Nirmala Sitharaman has proposed to retain the same tax rates for direct and indirect taxes, including import duties. She said in her Budget 2024 speech, "

Interim Budget 2024: Date, time and what to expect from FinMin

Interim Budget 2024: Date, time and what to expect from FinMin

Wed, Jan 31, 2024

Budget 2024 date and time: The interim budget will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the 2024 Lok Sabha elections.

Budget 2024 Expectations LIVE: What experts, taxpayers, businesses, startups want from FM's Feb 1 Interim Budget

Tue, Jan 30, 2024

Budget 2024 Expectations Live updates, Interim Budget 2024 Expectations: With less than two days before Finance Minister Nirmala Sitharaman presents her sixth Union Budget in Parliament on February 1, expectations are rife, once again, that the annual event may spell good news for everyone. Catch all the latest updates on what the country wants from the Interim Budget 2024-25.

1.14 lakh startups generate more than 12 lakh jobs in India: FinMin

1.14 lakh startups generate more than 12 lakh jobs in India: FinMin

Tue, Jan 30, 2024

Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year.

Budget Expectations 2024: What experts, businesses, people want from FM Nirmala Sitharaman's upcoming Budget

Mon, Jan 29, 2024

Union Budget 2024 Expectations Latest News, Budget Expectation: As the country keenly awaits Finance Minister Nirmala Sitharaman's sixth Union Budget, scheduled to be tabled in Parliament on February 1, expectations are rife, once again, that the annual event may spell good news for everyone. Catch all the latest updates on what industries, experts, analysts, economists, and investors want from the Interim Budget 2024.

Finance Minister Nirmala Sitharaman says every partner needs to collaborate for India to become third-largest economy by 2027-28

Finance Minister Nirmala Sitharaman says every partner needs to collaborate for India to become third-largest economy by 2027-28

Sat, Jan 27, 2024

With a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India, the Finance Minister said.

Government halves Budget support to oil firms, defers filling strategic oil reserves

Government halves Budget support to oil firms, defers filling strategic oil reserves

Fri, Jan 26, 2024

Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to support the three state-owned firms' energy transition plans.

Budget 2024: Dr Abhinav Akhilesh Urges More Funds For Rural Healthcare Infra & Medical Colleges

Budget 2024: Dr Abhinav Akhilesh Urges More Funds For Rural Healthcare Infra & Medical Colleges

Fri, Jan 26, 2024

Budget 2024: Grant Thornton Bharat’s Dr Abhinav Akhilesh discusses the need for increased budget allocation to rural healthcare, medical colleges, and wellness initiatives. He also provides insights on Ayushman Bharat, rural healthcare challenges, and the importance of R&D funding in India.

Budget 2024: Experts Anticipate Medical Insurance Premium Deductions And Capital Gains Simplification

Budget 2024: Experts Anticipate Medical Insurance Premium Deductions And Capital Gains Simplification

Mon, Dec 18, 2023

India's Union Budget 2024, to be presented on February 1st, will be an interim budget due to upcoming elections. Finance Minister Nirmala Sitharaman's sixth budget is expected to focus on two key areas: increasing deductions for medical insurance premiums and simplifying the capital gains tax regime. Experts anticipate changes for both new and old tax regimes, including extending medical insurance deductions under the new system and raising deduction limits for individuals and seniors in the old system.

Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Fri, Dec 08, 2023

Union Finance Minister Nirmala Sitharaman sharply criticized the previous governments' schemes while addressing the Rajya Sabha on the current economic situation in India. She drew a clear distinction between the "Naam ke vaaste" (mere namesake) schemes of the past and the effective, impactful initiatives implemented by the current NDA government under Prime Minister Narendra Modi.

Net zero goal calls for USD 5 trillion in annual green investments: IMF

Net zero goal calls for USD 5 trillion in annual green investments: IMF

Tue, Nov 28, 2023

The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP28, will be the 28th United Nations Climate Change Conference, which will be held from November 30 until December 12, 2023, in Dubai.

Finance Minister Nirmala Sitharaman Expresses Concerns About Global Multilateral Institutions

Finance Minister Nirmala Sitharaman Expresses Concerns About Global Multilateral Institutions

Fri, Oct 20, 2023

In a scathing critique of global multilateral institutions, Finance Minister Nirmala Sitharaman said that they've become less effective than a participation trophy. She called for a rethink of their role in the world, saying that they are no longer able to meet the challenges of the 21st century. The comments come as the world grapples with a number of crises, including the COVID-19 pandemic, the war in Ukraine, and the climate crisis.

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