Page 118 - Latest Updates on Nirmala Sitharaman
PSU debt serviced by a state to be brought under its FRBM limit: Govt
Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman
 "PSU debt serviced by a state to be brought under its FRBM limit: Govt")
Trust-based taxation system helping improve collections: FM Sitharaman
Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings.
 "Trust-based taxation system helping improve collections: FM Sitharaman")
Govt's cryptocurrency stance: Heads I win, tails investors lose
The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud
Centre reins in its debt at 56% for FY22 against 60% pegged in Budget
Committed to fiscal deficit targets for FY23: Economic Affairs Secretary Ajay Seth
 "Centre reins in its debt at 56% for FY22 against 60% pegged in Budget")
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Jairam Ramesh slams FinMin, calls tax hike cruel when CPI inflation over 7%
Congress denounced Finance Minister Nirmala Sitharaman for defending the hike in GST rates and questioned the timing saying its "cruel" to hike the rates when CPI is over 7 per cent
 "Jairam Ramesh slams FinMin, calls tax hike cruel when CPI inflation over 7%")
Rupee at 80: The Indian tradition of political involvement in exchange rate
Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually
No GST on food items when sold loose, clarifies FM Nirmala Sitharaman
The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise
 "No GST on food items when sold loose, clarifies FM Nirmala Sitharaman")
Several supply-side measures taken in last 4 months to cool inflation: FM
Prices of major essential commodities are monitored by the government on a regular basis and corrective action is taken from time to time, she said
 "Several supply-side measures taken in last 4 months to cool inflation: FM")
Top headlines: Vedanta declares dividend of Rs 19.5; HUL Q1 net rises 11%
Business Standard brings you the top headlines this hour
 "Top headlines: Vedanta declares dividend of Rs 19.5; HUL Q1 net rises 11%")
GST on daily use items: FM says decision taken with all states onboard
Nirmala Sitharaman said states levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage
Few states have sought extension of GST compensation for 5 years: FM
GST Council has recommended extending the period of levy of GST Compensation cess beyond June 2022 to cover the entire shortfall as well as servicing the back-to-back loan released to states
 "Few states have sought extension of GST compensation for 5 years: FM")
Rupee depreciates by 25% since Dec 2014 due to global factors: FM
The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data.
 "Rupee depreciates by 25% since Dec 2014 due to global factors: FM")
Covid-hit FM Sitharaman casts her vote for Presidential election in PPE kit
Official sources said she contracted Covid-19 during her Indonesia visit and is taking precautions not to infect others
 "Covid-hit FM Sitharaman casts her vote for Presidential election in PPE kit")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Pre-packed, labelled cereals, pulses, flour over 25kg exempt from 5% GST
Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy
 "Pre-packed, labelled cereals, pulses, flour over 25kg exempt from 5% GST")
Nationalisation, consolidation and privatisation
Merely bringing down the government stake below 51 per cent may not find any taker for the PSBs. Is the government ready to give up its powers?
IMA urges FM Sitharaman to grant GST exemption to healthcare services
Indian Medical Association (IMA) on Saturday wrote a letter to Union Finance Minister Nirmala Sitharaman requesting to grant exemption in Goods and Services Tax (GST) for healthcare services.
 "IMA urges FM Sitharaman to grant GST exemption to healthcare services")