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Tag "Nirmala Sitharaman"

Amendments to LLP Act to boost ease of doing business

Amendments to LLP Act to boost ease of doing business

🕔10:52, 29.Jul 2021

New Delhi, July 28 (IANS) With the Union Cabinet approving amendments to the Limited Liability Partnership Act, experts and industry stakeholders have lauded the move and said that decision is a major development towards ease of doing business. “Amendment in LLP

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Centre clears DICGC Bill 2021 ensuring Rs 5 lakh for depositors

Centre clears DICGC Bill 2021 ensuring Rs 5 lakh for depositors

🕔07:30, 29.Jul 2021

New Delhi, July 29  The Union Cabinet on Wednesday approved the Deposit Insurance and Credit Guarantee Corporation Bill, 2021 that proposes to provide relief to small depositors by providing guarantees on their life savings. According to Finance Minister Nirmala Sitharaman,

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India launches BHIM-UPI services in Bhutan

India launches BHIM-UPI services in Bhutan

🕔17:16, 13.Jul 2021

New Delhi, July 13  As part of the plans to extend its digital footprint in the neighbouring countries, India on Tuesday launched the BHIM-UPI-led services in Bhutan. The launch was carried out virtually by Union Finance and Corporate Affairs Minister,

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GST rates on Covid items slashed; vaccine still taxed at 5%

GST rates on Covid items slashed; vaccine still taxed at 5%

🕔19:13, 12.Jun 2021

New Delhi, June 12  Amid calls for lower levies on items and medicines required in Covid-19 treatment, the GST Council on Saturday decided to slash rates of several Covid-relief items to 5 per cent from existing 12-18 per cent levels,

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No stimulus but more Covid exemptions, easier GST compliance

No stimulus but more Covid exemptions, easier GST compliance

🕔08:37, 29.May 2021

New Delhi, May 29  Finance Minister Nirmala Sitharaman said on Friday that no final call has been taken on a new stimulus package to revive the growth of the economy. Addressing a press conference after the GST Council meeting on

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FM participates in ADB Governors’ Seminar as part of bank’s 2021 meeting

FM participates in ADB Governors’ Seminar as part of bank’s 2021 meeting

🕔07:02, 4.May 2021

New Delhi, May 4  Finance and Corporate Affairs Minister Nirmala Sitharaman, who is the Asian Development Bank’s (ADB) Governor for India, on Monday participated in the Governors’ Seminar on “Cooperation for a Resilient Future”, held as part of ADB’s annual

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Centre working with states to protect lives, livelihood: FM

Centre working with states to protect lives, livelihood: FM

🕔12:50, 19.Apr 2021

New Delhi, April 19  Finance Minister Nirmala Sitharaman on Monday said that the Centre is working together with states to protect lives and livelihoods. In a tweet, the Minister said that she has spoken to business leaders and took their

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FM clarifies on equalisation levy as LS passes Finance Bill

FM clarifies on equalisation levy as LS passes Finance Bill

🕔06:41, 24.Mar 2021

New Delhi, March 24  Finance Minister Nirmala Sitharaman on Tuesday clarified that the equalisation levy will not be applicable on foreign companies who pay income tax in India. The Lok Sabha on Tuesday passed the Finance Bill, 2021, with Sitharaman

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FM attends G20 Central Bank Governors’ Meet

FM attends G20 Central Bank Governors’ Meet

🕔17:40, 27.Feb 2021

New Delhi, Feb 27  Union Finance and Corporate Affairs Minister Nirmala Sitharaman has participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery.

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Finance Minister addresses the Central Board of RBI Directors

Finance Minister addresses the Central Board of RBI Directors

🕔07:10, 17.Feb 2021

New Delhi, Feb 17  The 587th meeting of the Central Board of Directors of Reserve Bank of India was held under the chairmanship of Governor Shaktikanta Das, through video conferencing on Tuesday, an official statement said. The meeting was also

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Budget attempts to provide stimulus for growth: Sitharaman

Budget attempts to provide stimulus for growth: Sitharaman

🕔10:53, 13.Feb 2021

New Delhi, Feb 13  Finance Minister Nirmala Sitharaman on Friday said that the Union Budget for FY21-22 attempts at providing stimulus to the economy. Noting that post the pandemic global economies have witnessed contraction, the Minister, in her reply during

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Govt’s disinvestment policy not akin to ‘selling family silver’: FM

Govt’s disinvestment policy not akin to ‘selling family silver’: FM

🕔18:55, 7.Feb 2021

Mumbai, Feb 7  Union Finance Minister Nirmala Sitharaman on Sunday said the government’s latest disinvestment policy including the proposal to privatise two state-run banks is not akin to “selling the family silver” as alleged by the opposition. Speaking at an

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FM cites PMI, FDI, stocks markets to show ‘strong recovery’

FM cites PMI, FDI, stocks markets to show ‘strong recovery’

🕔16:01, 12.Nov 2020

New Delhi, Nov 12  Finance Minister Nirmala Sitharaman on Thursday said the Indian economy was witnessing a strong recovery. Addressing the media here, Sitharaman cited several data, including the growth in Composite Purchase Managers Index (PMI), GST collections, FDI inflow

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Centre to seek Parliament’s nod for additional Rs 37k cr infra push

Centre to seek Parliament’s nod for additional Rs 37k cr infra push

🕔07:08, 26.Oct 2020

New Delhi, Oct 26  Centre will seek the Parliament’s approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant. Finance Minister Nirmala Sitharaman had earlier in the month announced that

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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

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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

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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

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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

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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

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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

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