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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.

Speaking at the virtual meeting of the G20 finance ministers and central bank governors, she said India’s domestic policies have been based broadly on supporting citizens through measures such as credit guarantees, direct transfers, food guarantees, economic stimulus packages and accelerating structural reforms.

Union finance minister Nirmala Sitharaman on Thursday said this year’s budget has negated the notion that welfare state is a socialist prerogative, and added that it has given a directional change to the Indian economy, wherein the government trusts wealth creators and citizens.

Finance Minister Nirmala Sitharaman on Tuesday explained the government’s priorities to the Reserve Bank of India’s (RBI) central board during their first meeting after presentation of the Union Budget 2021-22.

Finance minister Nirmala Sitharaman on Tuesday said the stock markets have received the Union Budget 2021-22 with “positivity” with an 11 per cent increase in equity indices over the past week.

Finance minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the gross domestic product (GDP) for the current financial year.

Finance minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will “work well”. Addressing members of industry chamber Ficci, she said the three large areas where the big-ticket expenditure will happen are infrastructure, health and agriculture.

The Agriculture Infrastructure and Development Cess (AIDC) was proposed on a small number of items. It will be imposed from Tuesday on customs duty levied on bullion, alcoholic beverages, coal and agri products ranging from apple to lentil.

The government on Monday said capital market watchdog Securities and Exchange Board of India (Sebi) will be the designated regulator for gold exchanges, which will infuse transparency in gold transactions. Further, warehousing development and regulatory authority will be strengthened to set up a commodity market ecosystem arrangement including vaulting, assaying and logistics.

Finance minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government’s Budget for the fiscal year beginning April 1, 2021. The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well … Continue reading FM tables Economic Survey 2020-21 in Lok Sabha

Prime Minister Narendra Modi on Friday said finance minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series.

Traders’ body CAIT on Friday urged finance minister Nirmala Sitharaman to defer the implementation of Rule 86B in goods and services tax (GST), whereby businesses with over Rs 50 lakh monthly turnover will have to pay at least 1 per cent of their GST liability in cash, terming it a “counter productive” measure that will … Continue reading CAIT urges FM to defer rollout of Rule 86B in GST

Finance minister Nirmala Sitharaman on Friday emphasised the need for further efforts by the G-20 countries to end the Covid-19 crisis, and highlighted affordability as well as the accessibility of vaccines for all as a crucial step in this direction.