Page 16 - Latest Updates on Nirmala Sitharaman
Invest Rs 21,000 to earn Rs 20 lakh monthly? Viral videos of FM are fake
Digitally manipulated clips mark another instance of cybercriminals trying to defraud people
 "Invest Rs 21,000 to earn Rs 20 lakh monthly? Viral videos of FM are fake")
GoM meet today: What's on agenda as Centre pushes 2-slab GST reform plan
Finance Minister Nirmala Sitharaman to explain Centre's plan for two GST slabs of 5 per cent and 18 per cent, with a 40 per cent rate on select goods
 "GoM meet today: What's on agenda as Centre pushes 2-slab GST reform plan")
Govt likely to revive anti-profiteering rules under GST 2.0 overhaul
Anti-profiteering provisions were first introduced in 2017, when GST replaced multiple indirect taxes and several items had lower tax incidence
 "Govt likely to revive anti-profiteering rules under GST 2.0 overhaul")
Mudra Yojana NPAs against outstanding loans rise to 9.8% at end of FY25
PMMY scheme mainly caters to those segments of society which have been outside the formal credit system because of a lack of collateral, business experience, etc, FM told Parliament
 "Mudra Yojana NPAs against outstanding loans rise to 9.8% at end of FY25")
FM Sitharaman to attend GoM meeting on Aug 20, explain next-gen GST reforms
The two-day meeting of the Group of Ministers (GoM) on GST rate rationalisation is scheduled on August 20-21 here, sources said
New GST plan by Diwali: What is a GoM, how it works, and why it matters
Explainer: What the GST Council's GoM on rate rationalisation is, how it works, who its members are, and how its decisions could shape India's two-slab GST plan by Diwali 2025
 "New GST plan by Diwali: What is a GoM, how it works, and why it matters")
Expect an income tax refund rush as new law approaches implementation
These refunds, reckoned to be close to ₹1,000 crore, largely relate to tax demand cases in which taxpayers had secured favourable orders from appellate authorities
 "Expect an income tax refund rush as new law approaches implementation")
Income Tax Bill 2025: Key changes for property owners, taxpayers, investors
Income Tax New Bill 2025: The revised Income Tax Bill, 2025 replaces last week's withdrawn draft, bringing clearer property rules, new slabs, higher rebates and fixes for refund claims
 "Income Tax Bill 2025: Key changes for property owners, taxpayers, investors")
India, Singapore to hold 3rd ministerial roundtable in Delhi on August 13
Ministers who will participate in the ISMR are Nirmala Sitharaman, S. Jaishankar, Piyush Goyal, Ashwini Vaishnaw, Gan Kim Yong, K. Shanmugam, Vivian Balakrishnan,Tan See Leng, and Jeffrey Siow
 "India, Singapore to hold 3rd ministerial roundtable in Delhi on August 13")
FM Sitharaman introduces modified Income Tax Bill in Lok Sabha
Introducing The Income-TaIntroducing The Income-Tax (No.2) Bill, 2025, Sitharaman said the bill seeks to consolidate and amend the law relating to income-tax and will replace the Income Tax Act, 1961
 "FM Sitharaman introduces modified Income Tax Bill in Lok Sabha")
LIVE: LS passes Income-Tax (No 2) Bill and Taxation Laws (Amendment) Bill
Catch all the latest news updates from around the world here
 "LIVE: LS passes Income-Tax (No 2) Bill and Taxation Laws (Amendment) Bill")
New I-T Bill with Parl panel's suggestions to be tabled on Monday: Rijiju
Rijiju's statement came in the wake of apprehensions voiced in a section of the media on the withdrawal of the Income Tax Bill from the Lok Sabha on Friday.
 "New I-T Bill with Parl panel's suggestions to be tabled on Monday: Rijiju")
FM Sitharaman withdraws Income Tax Bill, revised draft to be tabled Aug 11
Finance minister will submit a revised version of the I-T Bill, incorporating most of the Select Committee's recommendations
 "FM Sitharaman withdraws Income Tax Bill, revised draft to be tabled Aug 11")
INDIA bloc to protest at Parliament against Bihar electoral roll revision
On August 1, Rijiju said the govt was ready to hold discussions on any issue under the rules, but the SIR could not be debated as it is carried out by a constitutional body--the Election Commission
 "INDIA bloc to protest at Parliament against Bihar electoral roll revision")
Flipkart executives meet ministers to discuss MSME push, India listing
CEO Kalyan Krishnamurthy and Rajneesh Kumar, chief corporate affairs officer, shared updates on digital commerce expansion, financial inclusion, and plans to redomicile ahead of a potential IPO
 "Flipkart executives meet ministers to discuss MSME push, India listing")
Nabard promotes 6,215 farmer producer organisations, says FM Sitharaman
State/UT wise yearly allocation is made under RIDF on the basis of funds allocated by Reserve Bank of India (RBI) from Priority Sector Lending (PSL) shortfall, FM Sitaraman said
 "Nabard promotes 6,215 farmer producer organisations, says FM Sitharaman")
Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels
The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)
 "Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels")
Why are GCCs in India, touted as the next big thing, in a tax tangle?
The key problem, say tax experts, lies in the classification of GCCS and what they do: while tax authorities look at the share of operational work done in India
 "Why are GCCs in India, touted as the next big thing, in a tax tangle?")
Raising FDI in insurance aims to unlock sector's full potential: FM
The finance minister in Union Budget 2025-26 had proposed to raise the limit of foreign investment in insurance sector from the existing 74 per cent to 100 per cent
 "Raising FDI in insurance aims to unlock sector's full potential: FM")
Over 31,500 govt employees opt for UPS till July 20, says FM Sitharaman
Nirmala Sitharaman said as on July 20, 2025, at least 7,253 claims have been received and out of which 4,978 claims have been processed for payment of benefits
 "Over 31,500 govt employees opt for UPS till July 20, says FM Sitharaman")