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Finance minister Nirmala Sitharaman met several American investors and pitched for investment across sectors from pharma to finance and telecom — citing the recent initiatives taken by the government.

Finance minister Nirmala Sitharaman on Tuesday highlighted “significant reforms” undertaken by the government including National Monetisation Pipeline (NMP) and National Infrastructure Pipeline (NIP) as she met institutional investors here.

Finance minister Nirmala Sitharaman on Friday said that the cess on goods such as soft drinks, tobacco, coal and cars will go towards repayment of loans to compensate states for GST (goods and services tax) shortfall up to March 2026, suggesting that the demand for states to extend the compensation period was a tough ask.

Finance minister Nirmala Sitharaman on Friday clarified that petrol and diesel price will not be brought the goods and services tax (GST) regime yet. Briefing the media on the key decisions taken in the 45th GST Council meet, Sitharaman said that the GST Council members made it clear they do not want petroleum products to … Continue reading Petrol, diesel won’t be brought under GST yet, says FM

Vaccine only way for eco recovery: FM

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Finance minister Nirmala Sitharaman on Sunday underlined the need for vaccination to not just help avert a possible third wave of Covid infections but also to step up economic activity, describing it as the only medicine that allows people to go about their business.

Finance minister Nirmala Sitharaman told India Inc on Tuesday that there is a move to enable the industry to meet its funding needs from markets rather than banks. Among alternate financing measures, the government is looking at allowing insurance bonds instead of bank guarantees, a senior government official said.

Finance minister Nirmala Sitharaman on Wednesday met the heads of public sector banks (PSBs) and reviewed the financial performance and progress made by them in supporting the pandemic-hit economy. The minister took stock of the banking sector and progress on the restructuring 2.0 scheme announced by the Reserve Bank of India (RBI).

Finance minister Nirmala Sitharaman on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next couple of weeks and that she has been constantly reminding Infosys on the issue.

Finance minister Nirmala Sitharaman on Saturday said honest taxpayers deserve to be recognised for dutifully paying their due share of taxes and appreciated the Income Tax (I-T) department for successful implementation of various reforms. She complimented the department for continuing to work towards simplifying its procedures and processes, and making its functioning hassle-free, fair and … Continue reading Honest taxpayers deserve to be recognised for paying due share of taxes: FM

Finance minister Nirmala Sitharaman on Monday attended a meeting of the G20 high-level independent panel (HLIP) and shared India’s preparedness and response to Covid-19 while highlighting the slew of measures undertaken to support the economy during the pandemic.

On the fourth anniversary of goods and services tax (GST), Union finance minister Nirmala Sitharaman on Thursday said that taxpayer base has almost doubled in the last four years from 66.25 lakh to 1.28 crore. The finance minister also stated that ​​​the enhanced GST revenue collection in the recent months should now be the “new … Continue reading Enhanced GST collections should now be ‘new normal’: FM

Finance minister Nirmala Sitharaman on Monday announced a new set of relief measures to empower the sectors that have been impacted by the Covid-19 pandemic. The minister announced Rs 1.1 lakh crore loan guarantee scheme for Covid affected sectors. The minister also announced Rs 50,000 crore for healthcare sector aimed at scaling up medical infrastructure … Continue reading FM announces new set of relief measures: Highlights

Finance minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are “coming back” to India” to face the law. Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the … Continue reading Mallya, Nirav & Choksi all coming back to face law: FM

Finance minister Nirmala Sitharaman on Tuesday said in the Rajya Sabha that fund under the Members of Parliament Local Area Development Scheme (MPLADS) for 2019-20 have been cleared.

Union finance minister Nirmala Sitharaman on Friday indicated the government will appeal against an arbitration panel asking India to return $1.4 billion to UK’s Cairn Energy Plc. When asked about a retrospective decision on Cairn Energy, Sitharaman said it is her “duty” to appeal in cases where the nation’s sovereign authority to tax is questioned.