The Group of Ministers (GoM) on rate rationalisation would also review inverted duty structure, recommend rationalisation measures, including merger of tax rate slabs.
Sitharaman said this during her keynote address at the 74th Annual General Meeting of the Indian Banks’ Association (IBA) in Mumbai on Sunday.
But George is not the richest entrepreneur. His wealth in terms of shareholdings is far below the likes of the Muthoot family, the Chittilappillys or the Kalyan Jewellers founders.
Many districts lack banking presence despite high level of economic activities: FM Nirmala Sitharaman
Addressing banking industry lobby grouping Indian Banks' Association (IBA), Sitharaman asked lenders to augment efforts of deepening presence.
During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent and the BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.
Police said that the head of Kamapalli branch of the company, Smitarupa Padhy had disbursed the loans to the accused between January and March this year.
Direct tax collection till September 22 is up by 74% over last year, as per the data released by the revenue department on Friday.
This is his first reaction through the media after a nasty row erupted over his absence at the meeting.
In the previous fiscal (2020-21), the net collection was over Rs 3.27 lakh crore.
The rates for 8,555 products - such as marine, agriculture, leather, gems and jewellery - were announced under the RoDTEP scheme in August this year.
Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline to unlock value in infrastructure assets across sectors ranging from power to road and railways.
All ministries and departments are now permitted to spend as per their own approved monthly expenditure plan or quarterly expenditure plan until further orders during the remaining part of this FY.
Finance ministry officials plan to meet the Moody’s to provide details on how India will meet its budget targets for the current fiscal year, according to Bloomberg, citing sources.
There was a meeting with Fitch a couple of months ago, they said, adding next week the ministry officials will meet Moody's representatives.
The two countries also look to sign a formal agreement, officially dubbed as CEPA, in March 2022 after the completion of internal legal procedures and ratification.