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Nirmala Sitharaman

Union Budget 2025: How the Indian government earns its money

Union Budget 2025: How the Indian government earns its money

Wed, Jan 08, 2025

Union Budget 2025: In a diverse country like India, the Union Budget holds immense significance. From the common man to prominent business leaders, everyone closely watches it. A budget in India directly impacts the lives of millions across various social and economic backgrounds. Thus, creating a budget requires meticulous planning, attention to detail, and the processing of vast amounts of data to address the nation’s needs effectively. But have you ever thought where Government of India generates revenue from?

Budget: Where does Centre spend every 1 rupee earned?

Budget: Where does Centre spend every 1 rupee earned?

Mon, Jan 06, 2025

Union Budget Explained: As India awaits the Narendra Modi 3.0 government's first full-year Budget, it is an opportune time to learn about the basics of the Centre's expenditure, whether it is on interest payments, central sector schemes, pensions or subsidies. Read on to learn more about the expenditure-side aspects of the central government's Budget profile in detail.

Budget: Where does Centre collect every 1 rupee of revenue from?

Budget: Where does Centre collect every 1 rupee of revenue from?

Mon, Jan 06, 2025

Union Budget Explained: As India awaits the Narendra Modi 3.0 government's first full-year Budget, it is an opportune time to learn about the basics of the Centre's revenue collections, whether it is through income tax, excise and customs duties, GST or market borrowings. Read on to learn more about the revenue-side aspects of the central government's Budget profile in detail.

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Budget 2025: The Legacy of Sir C.D. Deshmukh – The first Indian RBI Governor turned Finance Minister

Budget 2025: The Legacy of Sir C.D. Deshmukh – The first Indian RBI Governor turned Finance Minister

Thu, Jan 02, 2025

Discover the legacy of Sir C.D. Deshmukh, India’s first RBI Governor and Finance Minister, who presented seven Union Budgets, shaped economic policies, and contributed to academia as UGC Chairman and Delhi University Vice Chancellor.

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.

55th GST Council Meeting: Jet fuel inclusion, lower taxes on insurance policies to be considered

55th GST Council Meeting: Jet fuel inclusion, lower taxes on insurance policies to be considered

Sat, Dec 21, 2024

As the GST Council gathers up for its 55th meeting, a number of key decisions are in the spotlight, including a lower tax rate on insurance products and the inclusion of aviation turbine fuel (ATF) in the indirect tax regime. The meeting began in Jaisalmer in Rajasthan on Saturday morning. The all-powerful GST Council is chaired by Finance Minister Nirmala Sitharaman and comprises her state counterparts.

GST Council 55th Meeting: Finance Minister Nirmala Sitharaman to attend GST meeting on Saturday

GST Council 55th Meeting: Finance Minister Nirmala Sitharaman to attend GST meeting on Saturday

Fri, Dec 20, 2024

Local officials, including MLA Chotu Singh Bhati, District Collector Pratap Singh and SP Sudhir Chaudhary, ensured smooth logistics and security for the event. Over 2,000 security personnel have been deployed across the city, with extensive arrangements in place to ensure the safety of more than 250 VVIPs participating in the meeting.

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Wed, Dec 18, 2024

Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Tue, Dec 17, 2024

India continues to be the fastest-growing major economy in the world, Finance Minister Nirmala Sitharaman said, adding that the credit goes to the people of India who are struggling and meeting their aspirations, thereby, contributing to the economy.

FM Nirmala Sitharaman attacks Rahul Gandhi, says citizens benefited cleaner, stronger banking system in Modi govt

FM Nirmala Sitharaman attacks Rahul Gandhi, says citizens benefited cleaner, stronger banking system in Modi govt

Thu, Dec 12, 2024

Attacking Gandhi, the Finance Minister said, "Rahul Gandhi's misrepresentation of facts is an insult to the hardworking PSB employees and to the citizens who benefit from a cleaner, stronger banking system."

Farmers seek cheaper credit, lower taxes, doubling PM-KISAN amount in pre-budget meet with FM Nirmala Sitharaman

Farmers seek cheaper credit, lower taxes, doubling PM-KISAN amount in pre-budget meet with FM Nirmala Sitharaman

Sat, Dec 07, 2024

Primary demands included reducing interest rates on agricultural loans to as low as 1 per cent and increasing the annual PM-KISAN instalment from Rs 6,000 to Rs 12,000. Farmers' bodies also strongly advocated for zero-premium crop insurance for small farmers under the Pradhan Mantri Fasal Bima Yojana.

GoM on GST rate rationalisation yet to submit report, GST Council to take final decision: CBIC

GoM on GST rate rationalisation yet to submit report, GST Council to take final decision: CBIC

Tue, Dec 03, 2024

Finance Minister Nirmala Sitharaman in a post on X said Finance Ministers from various states in the GoM are working to address GST rate changes.

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

Sat, Nov 30, 2024

Union Finance Minister Nirmala Sitharaman has urged Regional Rural Banks (RRBs) to onboard rural customers to digital services such as Internet Banking, Mobile Banking, and UPI.

Nirmala Sitharaman likely to engage in pre-Budget talks with states on December 20

Nirmala Sitharaman likely to engage in pre-Budget talks with states on December 20

Tue, Nov 19, 2024

Finance Minister Nirmala Sitharaman will engage in pre-Budget discussions with state and Union Territory officials in Rajasthan's Jaisalmer on December 20, sources told Zee Business.

Cost of borrowing very stressful, banks need to make interest rates affordable: Nirmala Sitharaman

Cost of borrowing very stressful, banks need to make interest rates affordable: Nirmala Sitharaman

Mon, Nov 18, 2024

Union Finance Minister Nirmala Sitharaman on Monday said bank interest rates are very stressful for some people, and steps are needed to make them affordable.

SBI to open 500 more branches in FY25, take overall network to 23,000: Finance Minister

SBI to open 500 more branches in FY25, take overall network to 23,000: Finance Minister

Mon, Nov 18, 2024

The finance minister said this growth of SBI should be a "global record", particularly in the context of India being repeatedly "taunted" for income disparities.

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Budget 2024: Double PM Mudra loan threshold of Rs 20 lakh a reality now

Fri, Oct 25, 2024

A limit applicable to loans for SMEs under the 'Tarun' category of the PM Mudra scheme has been doubled to Rs 20 lakh. The decision was announced by the finance minister in her Union Budget 2024 speech on July 23. Under Pradhan Mantri Mudra Yojana, the higher limit of Rs 20 lakh under the Tarun Plus category will be provided to entrepreneurs who have already serviced their loans under the Tarun category earlier, according to a Ministry of Finance notification. Here are 10 things to know about this big development.

FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

Sat, Oct 19, 2024

During the meeting in Mexico City, Sitharaman congratulated Ramirez de la O for being appointed as Secretary of Finance and Public Credit for a second consecutive term, and also commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies.

Finance Minister Nirmala Sitharaman invites Mexican firms to collaborate with startups and academic institutions

Finance Minister Nirmala Sitharaman invites Mexican firms to collaborate with startups and academic institutions

Fri, Oct 18, 2024

Finance Minister Nirmala Sitharaman on Thursday urged Mexican firms to explore collaborations with startups as well as academic institutions and take advantage of India's business-friendly policies.

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Tue, Oct 15, 2024

Finance Minister Nirmala Sitharaman is scheduled to leave on Tuesday night for an official visit to Mexico and the US, during which she will attend a host of meetings including annual gatherings of the IMF and the World Bank, and the G20 Finance Ministers' meetings with central bank governors. The finance minister will also engage i bilateral meetings with several countries and organisations during this official trip.

India, UAE investment promotion, protection treaty comes into effect from August 31: Finance Minister Nirmala Sitharaman

India, UAE investment promotion, protection treaty comes into effect from August 31: Finance Minister Nirmala Sitharaman

Mon, Oct 07, 2024

Enforcement of this pact with the UAE gives continuity of investment protection to investors of both the countries, as the earlier Bilateral Investment Promotion and Protection Agreement (BIPPA) between India and the UAE signed in December 2013 expired on September 12 this year.

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