nirmala sitharaman

Unions threaten two-day nationwide strike against proposed privatisation of public sector banks

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

published on : 1st December 2021

Hope for crypto players as Finance Minister gives positive news on upcoming regulations

Siddharth Menon, COO and Co-Founder at WazirX tweeted, “Big day for crypto in India. I am feeling more positive.”

published on : 1st December 2021

Centre committed to compensate states for 5 years for revenue loss due to GST roll out: Finance Minister Nirmala Sitharaman

Sitharaman said Rs 37,134 crore and Rs 14,664 crore worth GST compensation is yet to be released to states for 2020-21 and 2021-22 fiscal years respectively.

published on : 30th November 2021

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

The Bill seeks to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI) for the ongoing winter session of Parliament.

published on : 30th November 2021

No proposal to recognise Bitcoin as currency: Nirmala Sitharaman informs Lok Sabha

The government has listed Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing winter session of Parliament.

published on : 30th November 2021

Producers' association writes to Nirmala Sitharaman to abolish GST on film industry

The association, in its letter addressed to the FM, requested Sitharaman to consider "the pain and agony" the industry is going through due to "extreme taxation and also GST being levied at 18%.

published on : 24th November 2021

Will get back all money taken away from banks as govt actively pursuing cases of loan defaulters: FM Nirmala Sitharaman

FM Nirmala Sitharaman said she will ensure more banking activities take place in J&K and credit help to the people in setting their businesses.

published on : 23rd November 2021

Retailers' body urges government to reconsider proposed GST rate hike on textiles, apparels

RAI said that the 7 per cent hike has been proposed to address the issue of inverted duty structure in the textile industry faced by a small segment of the total textile value chain.

published on : 23rd November 2021

On Jammu and Kashmir visit, Finance Minister inaugurates projects worth Rs 165 crore

Union Finance Minister Nirmala Sitharaman on Monday arrived here on her first visit to Jammu and Kashmir after the abrogation of Article 370 and inaugurated projects worth Rs 165 crore.

published on : 23rd November 2021

Finance Minister Nirmala Sitharaman to promote fintech at GIFT City today

Apart from the secretaries, ministers of state for finance Pankaj Chaudhary and Bhagwat Kishanrao Karad will also join the discussions, according to a government statement.

published on : 20th November 2021

Finance minister Nirmala Sitharaman nudges formal sector to invest more, take risks 

Talking about India's dependence on imports, even on essential items like PPE kits, Sitharaman said the private sector has to walk the extra mile to support growth momentum.

published on : 18th November 2021

States to get Rs 95,082 crore as tax devolution top-up: Nirmala Sitharaman

Finance Secretary TV Somnathan, however, assured that the frontloading to devolution does not mean states are short of cash and most of the states maintain positive cash balance.

published on : 16th November 2021

Nirmala Sitharaman to meet CMs, state finance ministers; discuss reform-focused business climate

The meeting comes in the backdrop of strong economic recovery post the two COVID waves, and push by the central government to increase capital expenditure.

published on : 14th November 2021

Fuel price debate: Interest payment a surging burden

Going by the government’s own projection this number is expected to go up further to be Rs 8.1 lakh crore in FY22, up by 16.9% year-on-year (YoY).

published on : 14th November 2021

Finance Minister to meet state CMs in a move to boost capital expenditure

In Budget 2021-22, the finance minister had increased the capital expenditure to Rs 5.54 lakh crore – 26% more than the revised estimate of Rs 4.39 lakh crore for 2020-21.

published on : 13th November 2021
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