Back to homepage

Tag "finance minister"

Too Little Too Late: Stimulus likely to give marginal boost

Too Little Too Late: Stimulus likely to give marginal boost

🕔07:18, 14.Oct 2020

New Delhi, Oct 14 Modest funding of Centre’s latest demand boosting measures is likely to give a marginal boost to the economy, industry watchers contend. Accordingly, many have termed these measures as ‘too little too less’ to pull the economy

Read Full Article
Most of additional budget spending for people-centric schemes: FM

Most of additional budget spending for people-centric schemes: FM

🕔07:35, 19.Sep 2020

New Delhi, Sep 19  Finance Minister Nirmala Sitharman on Friday said that the majority of the additional resources in the first batch of the Supplementary Demands for Grants would be spent on people-centric schemes amid the coronavirus pandemic. In her

Read Full Article
Govt introduces Taxation and Other Laws Bill

Govt introduces Taxation and Other Laws Bill

🕔07:29, 19.Sep 2020

New Delhi, Sep 19  A taxation Bill which seeks relaxation and changes in provisions of certain Acts was introduced in the Lok Sabha on Friday amid uproarious scenes. Introduced by Finance Minister Nirmala Sitharaman, the Taxation and Other Laws (Relaxation

Read Full Article
Fin Min directs customs for strict scrutiny of imports to prevent FTA misuse

Fin Min directs customs for strict scrutiny of imports to prevent FTA misuse

🕔15:07, 18.Sep 2020

New Delhi, Sept. Sep 18  Government has directed customs formations across the country for strict scrutiny of all imports from free trade agreement (FTA) countries to prevent entry of goods at concessional duty misusing the country of origin rules. The

Read Full Article
Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

🕔20:13, 17.Sep 2020

New Delhi, Sep 17  In a setback to the automobile industry looking for a reduction in GST rates to help tide over the present crisis, the finance ministry has said current taxes on the sector were lower than pre-GST times

Read Full Article
Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

🕔08:20, 8.Sep 2020

New Delhi, Sep 8  Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday. “As of 03 Sept 2020, the total amount sanctioned

Read Full Article
Will take up GST cut demand with FM, PM: Javadekar

Will take up GST cut demand with FM, PM: Javadekar

🕔13:41, 4.Sep 2020

New Delhi, Sep 4  Union Minister Prakash Javadekar on Friday assured the automobile industry that he will take up its demand for a cut in the Goods and Services Tax (GST) with the Union Finance Minister and the Prime Minister.

Read Full Article
FM hits out at opposition for politicising GST compensation issue

FM hits out at opposition for politicising GST compensation issue

🕔11:46, 28.Aug 2020

New Delhi, Aug 28  Union Finance Minister Nirmala Sitharaman on Thursday hit back at the opposition for “unnecessarily trying to politicise” the GST compensation issue when their previous government was to be blamed for “building an environment of mistrust” between

Read Full Article
Compensate kin of contract bank employees dying of Covid-19

Compensate kin of contract bank employees dying of Covid-19

🕔07:37, 20.Aug 2020

Chennai, Aug 20  The All India Bank Employees’ Association (AIBEA) on Wednesday urged Finance Minister Nirmala Sitharaman to provide compensation to the families of contract employees of banks who had died due to Covid-19 pandemic. In a letter to Sitharaman,

Read Full Article
Rs 6K cr grant released to help 14 states in Covid fight

Rs 6K cr grant released to help 14 states in Covid fight

🕔08:09, 12.Aug 2020

New Delhi, Aug 12  In an attempt to assist states effectively address the situation arising out of the Covid-19 pandemic, the Centre on Wednesday released the fifth instalment of their share of revenue deficit grant, amounting to over Rs 6,000

Read Full Article
Despite popular perception, only 0.25% tax filers scrutinised: FM

Despite popular perception, only 0.25% tax filers scrutinised: FM

🕔07:49, 8.Aug 2020

New Delhi, Aug 8  Finance Minister Nirmala Sitharaman on Friday said that scrutiny of tax return filers has declined since 2014, and only 0.25 per cent of the total number of filers were scrutinised in 2018-19. In her address at

Read Full Article
I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

🕔07:49, 25.Jul 2020

New Delhi, July 25 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 by relaxing various compliance requirements and addressing the

Read Full Article
Decriminalisation of cheque bounce to hurt traders: CAIT

Decriminalisation of cheque bounce to hurt traders: CAIT

🕔18:15, 20.Jul 2020

New Delhi, July 20  Raising concern over the proposed decriminalisation of bouncing of cheques, the Confederation of All India Traders (CAIT) has advised Finance Minister Nirmala Sitharaman against it. In a letter to the Finance Minister, the CAIT urged the

Read Full Article
AIIEA against halting merger of 3 non-life insurers

AIIEA against halting merger of 3 non-life insurers

🕔07:18, 13.Jul 2020

Chennai, July 13  The All India Employees’ Association (AIIEA), one of the major unions in the non-life insurance sector, has urged Finance Minister Nirmala Sitharaman that the merger process of three public sector general insurance companies (PSGICs) be continued. In

Read Full Article
Govt to levy interest on late payment to MSMEs for GeM purchase

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

🕔06:39, 4.Jul 2020

New Delhi, July 4  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. Through an office memorandum, the Department of Expenditure of

Read Full Article
FM stresses on role of tax admin for ‘Aatma Nirbhar Bharat’

FM stresses on role of tax admin for ‘Aatma Nirbhar Bharat’

🕔07:36, 2.Jul 2020

New Delhi, July 2  Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of ‘Aatma Nirbhar Bharat’ or self-reliant India and it must foresee the challenges faced by

Read Full Article
Raise outstanding loan limit for ECLGS benefit, AEPC to FM

Raise outstanding loan limit for ECLGS benefit, AEPC to FM

🕔07:44, 1.Jul 2020

New Delhi, July 01  The Apparel Export Promotion Council (AEPC) on Tuesday suggested that the Centre should raise the limit of all outstanding loans of MSMEs to Rs 100 crore instead of the current Rs 25 crore for being eligible

Read Full Article
FM meets private banks, NBFCs to ensure liquidity to MSMEs

FM meets private banks, NBFCs to ensure liquidity to MSMEs

🕔18:42, 15.Jun 2020

New Delhi, June 15  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As part of this, Finance Minister Nirmala Sitharaman on

Read Full Article
FM chairs meet to review financial stability measures amid Covid

FM chairs meet to review financial stability measures amid Covid

🕔17:54, 28.May 2020

New Delhi, May 28  Finance Minister Nirmala Sitharaman on Thursday chaired a meeting of the Financial Stability and Development Council (FSDC) through video conference to review the measures to maintain financial stability amid the coronavirus pandemic. In a tweet, the

Read Full Article
FM: Loan sanctions jump to Rs 6.45 lakh cr in over 2 months

FM: Loan sanctions jump to Rs 6.45 lakh cr in over 2 months

🕔17:33, 19.May 2020

New Delhi, May 19  Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 6.45 lakh crore in two and a half months, between March 1 and May 15, to over 54.96 lakh accounts. This is

Read Full Article