Nirmala Sitharaman |

mid criticism over hikes in prices of petrol and diesel in recent days, finance minister Nirmala Sitharaman on Friday argued that it was the war in Ukraine that had forced an increase in pump prices, while maintaining that the government did not burden the people with additional taxes during Covid, when 32 countries across the … Continue reading War has forced fuel price hikes: Nirmala Sitharaman

Kick starting the countdown towards Budget 2021, finance minister Nirmala Sitharaman on Saturday hosted the traditional ‘halwa’ ceremony. Every year, the government follows an annual tradition of hosting a halwa ceremony, a few days before the Budget is presented. The ceremony marks the beginning of printing of Budget documents.

Union finance minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years. When she presents it on February 1, Sitharaman will not only aim to repair battered government finances and ensure demand recovers in an economy facing its worst contraction since 1952, she must also revive declining revenue … Continue reading Budget must fix a broken labour mkt to boost demand

Finance minister Nirmala Sitharaman on Friday said no late fee will be levied for delayed filing of GST returns by registered entities with nil liability between July 2017 to January 2020. She said late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs 500 for July 2017 … Continue reading GST Council halves interest on late filing of returns

A war of words broke out on Twitter between finance minister Nirmala Sitharaman and Ramchandra Guha with the minister asking the historian not to worry about economy as it is in “safe hands”. Earlier in the day, Guha tweeted quoting British writer Philip Spratt’s comment in 1939 that Gujarat was economically strong but “culturally backward”.

Finance minister Nirmala Sitharaman on Monday said the government will consider an extension in the deadline for availing the lower 15 per cent corporate tax rate on new investments, due to the COVID-19 pandemic. In the biggest reduction in 28 years, the government in September last year slashed corporate tax rates by up to 10 … Continue reading ‘Govt mulls extension of deadline for availing corp tax benefit’

Finance minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic. This was the first meeting of the FSDC, the apex body of sectoral regulators headed by the finance minister, since the coronavirus outbreak.

Finance minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of online PAN (permanent account number) card on furnishing of Aadhaar details. The Budget 2020-21 had proposed to launch a system under which PAN shall be instantly allotted online on the basis of Aadhaar without filling up the detailed application form, easing the … Continue reading FM launches instant allotment of PAN via Aadhaar

A day after the RBI projected economic contraction in 2020-21, finance minister Nirmala Sitharaman said future fiscal policy actions to stimulate the economy will depend on how Covid-19 pandemic pans out. The govt has already announced a Rs 20.97 lakh crore economic package, which includes Reserve Bank’s Rs 8.01 lakh crore worth of liquidity measures … Continue reading Covid situation to dictate future actions to revive economy: FM

n her meeting with banks on Friday, finance minister Nirmala Sitharaman will take up the progress of Covid-related credit and the extent of pre-approved loans that have been sanctioned. The minister will meet with chiefs of public sector banks and heads of Nabard, Sidbi and the National Housing Bank through videoconference.

Finance minister Nirmala Sitharaman has said that the Central government’s measures in the special economic package to deal with the impact of coronavirus crisis were aimed at “greater multiplier effect”. Sitharaman said the Central government has given some cash transfer in the PM Garib Kalyan scheme announced after the first coronavirus induced lockdown.

Finance minister Nirmala Sitharaman on Sunday unveiled the government’s plan to limit the role of public sector companies across the economy. The FM said the govt will soon announce a new policy for public sector enterprises which will pave the way for the entry of private companies in all sectors. Even in strategic sectors, PSUs … Continue reading Govt signals retreat of PSUs across sectors

Finance minister Nirmala Sitharaman on Saturday announced easing of restrictions on the utilisation of Indian air space, benefiting the civil aviation sector by about Rs 1,000 crore per year. Announcing the fourth tranche of economic stimulus package, she said only 60 per cent of Indian airspace is freely available.

Finance minister Nirmala Sitharaman on Saturday announced bold structural reforms in eight key sectors in the fourth tranche of economic stimulus package with an aim to boost growth and create jobs. These include coal, minerals, defence, civil aviation, power distribution, space and atomic energy sector.

Finance minister Nirmala Sitharaman on Friday unveiled the third tranche of government’s Rs 20 lakh crore economic package in a bid to revive the Indian economy that has taken a slump due to ongoing nationwide lockdown to curb the spread of the coronavirus pandemic.

The government will amend the six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, edible oil, oilseeds, pulses, onion and potato, finance minister Nirmala Sitharaman said on Friday. The amendment, besides deregulating production and sale of food products, will provide for no stock limit to be imposed on any produce.