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Tag "finance minister Nirmala Sitharaman"

Centre’s steps for housing, exports to support economy: FICCI

Centre’s steps for housing, exports to support economy: FICCI

🕔18:10, 15.Sep 2019

New Delhi, Sep 15  The latest measures announced by the Finance Minister in the field of real estate and exports would help provide stimulus to the slowing economy, industry FICCI President Sandip Somany said on Sunday. The industry body welcomed

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Social sector spending not to be hit : Sitharaman

Social sector spending not to be hit : Sitharaman

🕔18:42, 7.Sep 2019

Kolkata, Sep 7 (IANS) Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the

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GST Council to decide on cutting vehicle rates: Sitharaman

GST Council to decide on cutting vehicle rates: Sitharaman

🕔07:36, 2.Sep 2019

Chennai, Sep 2  Finance Minister Nirmala Sitharaman on Sunday said that the GST Council will take the final call on reducing the tax rate on motor vehicles. Speaking to reporters here, she said that the government is addressing the issues

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Govt unveils mega PSU bank mergers to usher in NextGen Banks

Govt unveils mega PSU bank mergers to usher in NextGen Banks

🕔19:16, 30.Aug 2019

New Delhi, Aug 30 (IANS) The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara

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More measures coming to prop up economy : Sitharaman

More measures coming to prop up economy : Sitharaman

🕔19:03, 29.Aug 2019

Guwahati, Aug 29 (IANS) Noting that consumption needs a boost, Finance Minister Nirmala Sitharaman on Thursday said that more measures to accelerate economic growth are in the pipeline and would be announced in the coming weeks. She reiterated that spending on

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Cabinet may relax FDI in retail, okay ordinance to roll back FPI surcharge

Cabinet may relax FDI in retail, okay ordinance to roll back FPI surcharge

🕔07:25, 28.Aug 2019

New Delhi, Aug 28  The Union cabinet in its meeting on Wednesday would take up proposals to relax foreign direct investment (FDI) in various sectors, including single brand retail and digital media, as announced by Finance Minister Nirmala Sitharaman in

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FM comes hard on ‘tax terror’, introduces faceless scrutiny

FM comes hard on ‘tax terror’, introduces faceless scrutiny

🕔11:35, 24.Aug 2019

New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits. The minister’s assertions came at a

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Measures to drive auto sector’s growth unveiled

Measures to drive auto sector’s growth unveiled

🕔11:34, 24.Aug 2019

New Delhi, Aug 23 (IANS) The Central government on Friday gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector. At present, the sector has been impacted by a consumption slowdown

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Govt rolls back surcharge on FPIs to check capital outflow

Govt rolls back surcharge on FPIs to check capital outflow

🕔11:29, 24.Aug 2019

New Delhi, Aug 23 (IANS) With an aim to check the massive outflow of foreign portfolio investment since the Budget, the government on Friday withdrew the surcharge levied on them. As a result, the tax incidence for foreign portfolio investors (FPIs)

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Relief for FPIs as Centre unveils booster dose for economy

Relief for FPIs as Centre unveils booster dose for economy

🕔11:27, 24.Aug 2019

New Delhi, Aug 23 (IANS) With the economy in slowdown mode and expected to falter further, the Modi government on Friday came out with slew of measures including the reversal of the income tax surcharge on FPIs, an upfront recap of

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No angel tax on startups, their investors : FM

No angel tax on startups, their investors : FM

🕔19:24, 23.Aug 2019

New Delhi, Aug 23 (IANS) In a major relief to entrepreneurs and startups, Finance Minister Nirmala Sitharaman on Friday announced that the ‘angel tax’ provision will be withdrawn for startups and their investors. Announcing measures to boost the subdued economy, the

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Big relief for markets as controversial FPI levy rolled back

Big relief for markets as controversial FPI levy rolled back

🕔19:11, 23.Aug 2019

New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday announced the roll back of the controvertial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Budget last month. “The enhanced surcharge levied by Finance Act, 2019 on

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Finance Minister outlines plan to curb ‘tax terrorism’

Finance Minister outlines plan to curb ‘tax terrorism’

🕔19:10, 23.Aug 2019

New Delhi, Aug 23 (IANS) Amidst concerns of rising harassment of corporates by tax officials and authorities, Finance Minister on Friday said that the government would take measures to curb such instances, including the introduction of “faceless” tax scrutiny from the

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Authorities don’t have to overreach, tax targets achievable : FM

Authorities don’t have to overreach, tax targets achievable : FM

🕔19:09, 23.Aug 2019

New Delhi, Aug 23 (IANS) Responding to India Inc’s calls for measures to curb “tax terrorism”, Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach as the tax targets set in the Budget are well

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PM-inspired stimulus package may come as early as this weekend (IANS Special)

PM-inspired stimulus package may come as early as this weekend (IANS Special)

🕔18:05, 16.Aug 2019

New Delhi, Aug 16  After revoking Article 370 granting special status to Jammu and Kashmir in a seamless manner and the security dragnet in the erstwhile state not resulting in a single bullet being fired, Prime Minister Narendra Modi has

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PM reviews economy with Sitharaman

PM reviews economy with Sitharaman

🕔21:21, 15.Aug 2019

New Delhi, Aug 15 Prime Minister Narendra Modi on Thursday took stock of the prevailing economic situation of the country with Finance Minister Nirmala Sitharaman on Thursday. Official sources, however, said such meetings are routine, emphasising that any stimulus would

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FM meets realty stakeholders, discuss liquidity, stalled projects

FM meets realty stakeholders, discuss liquidity, stalled projects

🕔08:33, 12.Aug 2019

New Delhi, Aug 12  Liquidity problems and completion of stalled projects formed the core agenda of the meeting here on Sunday between Finance Minister Nirmala Sitharaman with real estate players which discussed ways to create demand in the country’s realty

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India Inc wants Rs 1 lakh cr stimulus package

India Inc wants Rs 1 lakh cr stimulus package

🕔06:48, 9.Aug 2019

New Delhi, Aug 9  India Inc has sought a stimulus package of Rs 1 lakh crore to push investment and demand and take the economy and industry out of slowdown. Finance Minister Nirmala Sitharaman on Thursday met industry captains to

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‘FPI tax issue still being discussed, no decision yet’

‘FPI tax issue still being discussed, no decision yet’

🕔19:39, 8.Aug 2019

New Delhi, Aug 8 (IANS) Ahead of the meeting of capital market representatives with the Finance Minister Nirmala Sitharaman on Friday, highly-placed sources said the FPI tax issue is currently under discussion, but no decision has been taken with regard to

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Grandfathering clause to provide partial relief to FPIs

Grandfathering clause to provide partial relief to FPIs

🕔13:39, 3.Aug 2019

New Delhi, Aug 3  In a major relief to Foreign Portfolio Investors (FPI) hit by budget proposal to levy higher surcharge on income tax, the government is considering a plan to grandfather all income generated by FPIs. Though a temporary

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