Page 150 - Latest Updates on Nirmala Sitharaman
GST Council extends concessions on certain Covid drugs till Dec 31: FM
The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31
 "GST Council extends concessions on certain Covid drugs till Dec 31: FM")
GST Council to meet on Sept 17, to review rate on Covid essentials
The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials
 "GST Council to meet on Sept 17, to review rate on Covid essentials")
GST Council meet on Friday; rate review, concession to Covid drugs on cards
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items
 "GST Council meet on Friday; rate review, concession to Covid drugs on cards")
Finance Ministry to kick-start budgetary exercise from October 12
The finance ministry will kick-start the exercise to prepare the annual Budget for 2022-23 from October 12 amidst signs of revival of the Indian economy hit hard by the COVID-19 pandemic.
Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted
GST Council decides against inclusion of petroleum
 "Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted")
Focus now on faster NPA resolution to ensure NARCL's success: Analysts
Analysts expect the 'bad bank' to improve the balance sheet of banks, and aid incremental cash flow. However, a delayed resolution may dent the asset's value over time
 "Focus now on faster NPA resolution to ensure NARCL's success: Analysts")
GST Council extends levy of compensation cess till March 2026
The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, to compensate states for GST collection shortfall
 "GST Council extends levy of compensation cess till March 2026")
Swiggy, Zomato to pay GST on restaurant service supplied through them: FM
Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators
The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class
Is the economic recovery at the cost of the middle class? Will Jet Airways' take-off after a lull be smooth? Is stock frenzy based on irrational exuberance? Listen to this podcast for answers
 "The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class")
Govt backs NARCL with Rs 30,600-crore guarantee for five years
Stressed assets of about Rs 2 trillion to be acquired in phases
 "Govt backs NARCL with Rs 30,600-crore guarantee for five years")
NARCL: Another brick in the wall; not too different from other ARCs
Having several routes for NPA resolution has both advantages and disadvantages as the decision will finally be taken by the banks
 "NARCL: Another brick in the wall; not too different from other ARCs")
FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank
Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda
 "FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank")
Sitharaman to address media at 5pm, may speak on bad bank proposal
Finance Minister to speak in Delhi ahead of GST council meeting in to Lucknow tomorrow.
 "Sitharaman to address media at 5pm, may speak on bad bank proposal")
Trust between govt and industry critical, says FM Nirmala Sitharaman
Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
 "Trust between govt and industry critical, says FM Nirmala Sitharaman")
Trust between govt, industry key to use opportunities created by Covid: FM
FM assured that the proposed DFI, the National Bank for Infrastructure Financing and Development (NaBFID), will become functional soon
 "Trust between govt, industry key to use opportunities created by Covid: FM")
Liquidity no longer a major concern, FM Sitharaman assures India Inc
Banks to kick off new credit-outreach programme by October 15
 "Liquidity no longer a major concern, FM Sitharaman assures India Inc")
GST Council may allow intra-state pharma cess, discuss states' dues
It may discuss extending the compensation cess for states beyond 2022
 "GST Council may allow intra-state pharma cess, discuss states' dues")
Sitharaman urges full vaccination for economy, industry to work normally
Calls for more private sector participation in extending reach of govt schemes to rural India
 "Sitharaman urges full vaccination for economy, industry to work normally")
Supply-side policies failed, switch to demand stimulation: Bengal FM
Amit Mitra has written to Nirmala Sitharaman, urging her to take measures to increase demand in the economy as the supply-side policies have 'failed' to boost the manufacturing sector
 "Supply-side policies failed, switch to demand stimulation: Bengal FM")
Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'
Asks her to restrain 'spin doctors' from giving misleading picture of the economy
 "Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'")