Page 56 of Nirmala Sitharaman

Key Budget proposals effective from new fiscal 2021-22: Income tax rules, dividend relief, privatisation, more

The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister…

April 2, 2021 13:16 IST

Elevated costs of small savings funds not just dent the exchequer but also force banks to refrain from trimming their deposit rates beyond a point.

Govt rolls back small savings schemes rate cut

Similarly, depositors get 7.4% under the senior citizen savings scheme, 143 basis-point higher than the five-year G-sec yield on Wednesday.

April 2, 2021 04:45 IST

No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be…

April 1, 2021 19:27 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

Plan In Motion: Cabinet clears development finance institution to raise Rs 3 lakh crore for infrastructure spend

The government expects the DFI to raise as much as Rs 3 lakh crore over the next few years, leveraging…

March 17, 2021 06:30 IST

The Insurance Amendment Bill, 2021, was cleared by the Cabinet last week and is in sync with a proposal in the Budget for FY22.

Finance Minister Nirmala Sitharaman introduces Bill to facilitate hike in insurance FDI

Separately, responding to a question in the Lok Sabha, the minister said the government has no plan yet to launch…

March 16, 2021 03:46 IST

The Report of the Committee on Customer Service in Banks of the RBI had in 2011 suggested that the cover be raised dramatically to at least Rs 5,00,000 to draw more people to the banking fold.

Insurance Cover: Bank depositors to get access to funds in 90 days

The Budget announcement had come after Punjab and Maharashtra Co-operative Bank faced a grave fraud, with customers demanding their entire…

March 16, 2021 02:30 IST

The government has budgeted only Rs 13,000 crore for the RoDTEP scheme for FY22, which is way below the scheme's initial estimated annual cost of Rs 50,000 crore.

Hit to exports: Exporters fear low RoDTEP refunds

The Pillai committee was set up only in late July last year to undertake a humongous exercise of recommending RoDTEP…

March 15, 2021 05:05 IST

SBI, PSU banks, bank strike, privatisation, canara bank

Bank branches closed for next 4 days; SBI, other PSU banks may get hit as unions strike on March 15-16

Bank branches may remain closed for the next four days, including a two-day weekend holiday, and a two-day planned strike…

Updated: March 12, 2021 12:54 IST

CPSE assets sale to bring about paradigm shift in infrastructure: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in her 2021-22 Budget speech had said monetising operating public infrastructure assets is a very important…

March 9, 2021 20:29 IST

Fiscal steps taken by govt led to positive growth in Q3: Finance Minister Nirmala Sitharaman

Strategic disinvestment of Government of India’s equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion…

March 8, 2021 20:56 IST

To the government’s credit, the disinvestment and privatisation plan is much more granular and has specific timelines for completion in this Budget.

Union Budget 2021: How Nirmala Sitharaman expanded powers of tax authorities

Union Budget 2021: Most of the proposed amendments find their roots in the agenda notes of the 39th GST council…

February 20, 2021 15:16 IST

Budget FY22: Increased infra capex to boost steel demand

Union Budget 2021 India: The Union Budget for FY22 has been hailed as growth oriented and the path it has…

February 17, 2021 08:48 IST

Finance Minister Nirmala Sitharaman addresses RBI board, explains priorities of government

Earlier this month, the finance minister presented a Rs 34.5 lakh crore-budget for 2021-22 in the backdrop of the coronavirus…

February 16, 2021 16:49 IST

The government has budgeted capital expenditure at Rs 5.45 lakh crore for FY22, which is 26.2% higher than the RE of FY21 and 34.5% larger than the budget estimate (BE) level for this fiscal.

RBI board meet: Finance minister may allay deficit fears, stress growth push

The minister could also highlight the government’s budgetary goals to boost spending in productive assets (that won’t stoke inflation), establish…

February 16, 2021 03:45 IST

nirmala sitharaman, union finance minister

Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday

The Budget has estimated nominal GDP growth rate of 14.4 per cent and revenue growth at 16.7 per cent for…

February 14, 2021 13:54 IST

Budget 2021: Government pursuing reforms to make India one of world’s top economies, says FM Nirmala Sitharaman

Union Budget 2021 India: The Budget has laid emphasis on increasing capital expenditure, raising allocation for healthcare capacity building and…

Updated: February 13, 2021 16:40 IST

Nirmala Sitharaman Budget 2021 Congress Damad

‘Damad’ holds special place in Congress party: FM Nirmala Sitharaman in Rajya Sabha

Detailing the accounts of various government programmes, FM Nirmala Sitharama said that the Opposition has been creating a false narrative.

February 12, 2021 16:04 IST

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India’s outbound FDI moderates to $4.41 billion in September; equity commitments surge

Economy3 hr ago

India’s outward foreign direct investment decreased to $4.41 billion in September, with equity commitments seeing a significant rise. Loan-based FDI and guarantees extended to overseas subsidiaries dropped, while outbound flows jumped from $2.59 billion in August. Major outbound deals in September included investments in Luxembourg, the Netherlands, and the UK.

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