Page 106 - Latest Updates on Nirmala Sitharaman
Naveen Patnaik urges Sitharaman to withdraw 18% GST on Kendu leaf
The CM said kendu leaf, a minor forest produce (MFP), is the financial backbone of about eight lakh leaf pluckers, binders, and seasonal workers of Odisha
 "Naveen Patnaik urges Sitharaman to withdraw 18% GST on Kendu leaf")
India seeks to shrink budget deficit by 50bps as global headwinds loom
What complicates matters for Sitharaman is that her food and energy bills are inflated by the war in Ukraine and given India runs a current-account deficit as well, the rupee has been weakening
 "India seeks to shrink budget deficit by 50bps as global headwinds loom")
Top headlines: Rs 20K-cr Adani FPO, sunflower oil shipments to India & more
Business Standard brings you the top headlines at this hour
 "Top headlines: Rs 20K-cr Adani FPO, sunflower oil shipments to India & more")
States' Budget demand: 60% GST share, extended compensation period
State finance ministers demanded greater fiscal autonomy through an increase in states' share in goods and services tax (GST) to 60 per cent, from 50 per cent at present
 "States' Budget demand: 60% GST share, extended compensation period")
300-400 new Vande Bharat trains to be announced in upcoming Union Budget
According to a railway ministry official, there will be an announcement for provision of 300-400 new Vande Bharat trains in the Union Budget 2023-24 which will be the highest ever allocation
 "300-400 new Vande Bharat trains to be announced in upcoming Union Budget")
FM Sitharaman seeks to shrink budget deficit as global headwinds loom
A longstanding plan aims to shrink the shortfall to below 4.5% of GDP by 2025-26
 "FM Sitharaman seeks to shrink budget deficit as global headwinds loom")
Rationalisation in long-term capital gains tax structure on the anvil
The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit
 "Rationalisation in long-term capital gains tax structure on the anvil")
FHRAI meets Nirmala Sitharaman, seeks infra tag for hospitality industry
The association has requested that this threshold be brought down to Rs 10 crore to give a fillip to budget segment hotels
 "FHRAI meets Nirmala Sitharaman, seeks infra tag for hospitality industry")
Retail inflation likely to ease in coming months: Finance ministry
The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports
 "Retail inflation likely to ease in coming months: Finance ministry")
Why is India Inc batting for the small guy?
Business leaders and representatives from industry bodies have recently met Finance Minister Nirmala Sitharaman to propose rationalisation of personal income tax rates and more. Let's find out more
 "Why is India Inc batting for the small guy?")
Pre-Budget meet: Farmers' bodies ask govt to lift export ban on wheat
They also demanded that the government should focus on increasing domestic output of local oilseeds such as soyabean, mustard, groundnut and sunflower, instead of palm
 "Pre-Budget meet: Farmers' bodies ask govt to lift export ban on wheat")
Abolish exemptions
Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy
 "Abolish exemptions")
FM Nirmala Sitharaman holds a pre-budget meeting with stakeholders
Representatives from the commodity market have demanded cost rationalisation and reduction of commodity transaction tax to Rs 500 per crore from Rs 1000 per crore: Official
 "FM Nirmala Sitharaman holds a pre-budget meeting with stakeholders")
Farmers' groups urge govt to allow global trading of farms' carbon credits
The farmers' representatives urged the Finance Minister to focus on human resources development over infrastructure
 "Farmers' groups urge govt to allow global trading of farms' carbon credits")
Focus on job creation, capex boost, tax measures in Budget: Industry to FM
Employment-linked incentive scheme for services sector suggested
 "Focus on job creation, capex boost, tax measures in Budget: Industry to FM")
Sitharaman to meet state FMs for pre-budget consultation on Friday
Finance Minister Nirmala Sitharaman will hold pre-budget consultations with her state counterparts on Friday
 "Sitharaman to meet state FMs for pre-budget consultation on Friday")
Budget should focus on job creation, steps to broaden tax base: India Inc
The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said
 "Budget should focus on job creation, steps to broaden tax base: India Inc")
Finance minister Nirmala Sitharaman kicks off pre-budget consultations
Finance Minister Nirmala Sitharaman on Monday kicked off pre-budget consultations, holding meetings with industry chamber heads and infrastructure experts about their expectations
Cut I-T, review capital gains tax in Budget 2023-24: CII to govt
FM Nirmala Sitharaman's pre-Budget consultations from today
 "Cut I-T, review capital gains tax in Budget 2023-24: CII to govt")
Will the dream run continue for banks?
As the war for deposits escalates, the cost of money will rise and banks' NIM will be under pressure. Also, a few banks may invite trouble by aggressively growing their retail books without necessary
