Page 6 of finance minister

Govt is committed to lowering taxes: FM Nirmala Sitharaman

Replying to a discussion on the Finance Bill, which was approved by the Lok Sabha, the minister also justified the…

March 26, 2022 05:30 IST

Retro amendment to prevent misuse of cess, surcharge deduction claims under I-T provisions: FM

The Finance Bill had proposed retrospective disallowance of deduction for surcharge or cess with effect from Assessment Year 2005-06.

March 25, 2022 20:16 IST

Financial institutions need to be more people-centric for next 25 years: FM Sitharaman

The government has termed the next 25 years leading to the 100th anniversary of India’s independence as ‘Amrit Kaal’.

Updated: February 24, 2022 20:42 IST

Did not expect this from Manmohan Singh: Sitharaman

“I have great regards for you (Singh). I did not expect this from you. And I am hurt,” Sitharaman said,…

February 17, 2022 22:00 IST

5G spectrum auctions, design-led manufacturing scheme on the cards

The telecom equipment PLI has an outlay of Rs 12,195 crore, but since Rs 4,000 crore-Rs 4,500 crore is not…

February 2, 2022 00:05 IST

Liquidation process of Devas to begin soon, says FM; SC verdict to be highlighted in international courts

Finance Minister Nirmala Sitharaman Press Conference Highlights: FM Sitharaman addressed wherein she cleared the air on the Antrix-Devas case.

Updated: January 18, 2022 18:30 IST

GST meeting, finance minister, nirmala sitharaman, GST in textile, relief, textile industry, traders

GST Council unanimously decides to defer GST hike in textiles from 5% to 12%

The GST Council has unanimously decided to defer the GST hike in textiles from 5 per cent to 12 per…

Updated: December 31, 2021 14:22 IST

SGX Nifty trades with gains ahead of today’s trade; 5 things to know before the opening bell

Entering the last trading session of the week, SGX Nifty was up 80 points hinting at a positive start for…

September 17, 2021 08:00 IST

Nirmala Sitharaman Highlights: Bad Bank is born, to take on Rs 2 lakh cr bad loans; FM OKs Rs 30k cr govt guarantee

Finance Minister Highlights: Finance Minister Nirmala Sitharaman today announced that the government will back guarantees worth Rs 30,600 crore for…

Updated: September 17, 2021 07:38 IST

Need to conclude loan guarantee scheme for medical infra in non-metros in time: Nirmala Sitharaman

Observing that increasing the medical capacities in the rural areas as well as tier-II and -III towns are very critical,…

August 31, 2021 19:16 IST

With India’s growing middle class with purchasing power ability offers an opportunity to investors to produce in India for the the large captive market.

I-T portal glitches: FM Nirmala Sitharaman sets September 15 as deadline for Infosys to resolve issues

As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned…

August 23, 2021 19:56 IST

Cabinet Briefing Highlights: Depositors of troubled banks to now get money back in 90 days, Nirmala Sithraman says

Cabinet Briefing Highlights: Finance Minister Nirmala Sitharaman, along with Union Minister for Information and Broadcasting Anurag Thakur shed light on…

Updated: July 28, 2021 21:35 IST

Centre borrows, releases Rs 75,000 crore to compensate states for GST revenue shortfall

The Finance Ministry in a statement said the amount released is about half of the Rs 1.59 lakh crore that…

Updated: July 15, 2021 20:24 IST

FM Sitharaman emphasises on role of technology in fighting climate change

The minister participated virtually in the G20 High-Level Tax Symposium on Tax Policy and climate change, organised by Italy ahead…

Updated: July 9, 2021 21:42 IST

SWAMIH Fund for stalled housing projects to benefit 1.16 lakh home buyers: FM Sitharaman

Many real estate projects across the country were stalled due to fund crunch. To address this issue, the government, in…

May 13, 2021 19:27 IST

ARCL is expected to acquire stressed assets at net book value by offering 15% of it upfront (in cash), and the rest (85%) in SRs.

Help nations to prevent health crisis from becoming economic crisis: FM Sitharaman to ADB

Addressing the 54th annual meeting of the board of governors of the ADB, Finance Minister Nirmala Sitharaman also underlined the…

May 5, 2021 20:28 IST

In these uncertain times, Thakur said the challenge is not only to accelerate economic growth but also to ensure that the steps towards recovery do not irreversibly alter market dynamics.

FM asks IRDAI to act against insurers for denying cashless COVID-related claims by insurance companies

Finance Minister Nirmala Sitharaman also mentioned that more than 9 lakh COVID-related claims for Rs 8,642 crore have been settled…

April 22, 2021 22:13 IST

Union Finance Minister Nirmala Sitharaman will chair the 43rd meeting of the GST Council on May 28, her office tweeted.

Ready to discuss bringing petrol, diesel under GST at next Council meet: FM Sitharaman

State levies and central excise duty account for more than half of the retail selling prices of petrol and diesel.

March 23, 2021 21:17 IST

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Amazon expands delivery, seller network ahead of festival sale

Business1 hr ago

Amazon India is preparing for its largest shopping event by increasing logistics, having a high number of sellers, and offering lower prices due to GST cuts. The Great Indian Festival, beginning September 23, will have a high demand from pent-up demand and GST reduction. Amazon has also improved its systems, lowered referral fees for sellers, and hired 150,000 seasonal employees.

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