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
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
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
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
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
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
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
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
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
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
New Delhi, May 12 Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the
New Delhi, March 12 The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in the Rajya Sabha on Thursday. It was passed in Lok Sabha on March 6. The amendments are aimed at streamlining the insolvency
New Delhi, March 11 As the bank merger becomes effective April 1, Finance Minister Nirmala Sitharaman is scheduled to meet the chief executives of the amalgamating banks on Thursday to review the preparedness for the merger. The Union cabinet already approved
New Delhi, Feb 27 Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination. “As far as I know, no such instruction has been given to the
New Delhi, Feb 27 Finance Minister Nirmala Sitharaman said a total 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured and the process will be done by March 15. “So far, a
New Delhi, Feb 24 Seven months after the announcement, the sovereign bonds issue announced by Finance Minister Nirmala Sitharaman remain a non-starter. To date, the Finance Ministry has not fixed any target amount to be raised through sovereign borrowings in
Kolkata, Feb 10 The Centre has informally proposed to the GST Council that rationalisation of rates be done once in a year and not every three months, as the present system was bringing in a certain level of uncertainty for
New Delhi, Feb 6 Union Finance Minister Nirmala Sitharaman on Wednesday introduced a bill in the Lok Sabha designed to provide resolutions for disputed tax cases involving crores of rupees. Introducing the Direct Tax Vivad Se Vishwas Bill, 2020, the
New Delhi, Feb 1 ) Government will reduce its stake in state life insurer LIC through an IPO, Finance Minister Nirmala Sitharaman said on Saturday. “Government will list LIC on the stock exchanges”, she said in her Budget speech. This could
New Delhi, Feb 1 In a major relief to the common man, the Finance Minister on Saturday announced to raise the insurance cover on bank deposits to Rs 5 lakh from the current Rs 1 lakh. The decision comes after
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