Speaking at the same summit, Abdullah thanked the finance minister for her "kind" words and quipped, 'Now, the next part -- ma'am, please show me the money because that's in extremely short supply'
The announcements to this effect can be made in the upcoming Budget, likely to be presented on February 1
Chief Economic Adviser Anantha Nageswaran upgraded his forecast late last month to at least 7 per cent after data showed an expansion of more than 8 per cent in the three months through September
The proposed Health and National Security Cess, which will be over and above the GST, will be levied on the production capacity of machines in pan masala manufacturing factories
The Bill, as stated by FM Sitharaman in the Lower House, aims to augment the resources for meeting expenditure on national security and for public health and to levy cess for the said purposes
Parliament passes Central Excise (Amendment) Bill 2025
Finance Minister Nirmala Sitharaman said the proposed Health and National Security Cess is expected to act as a deterrent to pan masala consumption and will not be levied on essential commodities
Parliament Winter Session Day 4 LIVE Updates: Follow all the latest updates from Parliament as government and opposition debate key issues
Earlier on Wednesday, the Lok Sabha passed a Bill aimed at increasing excise duty on tobacco products and their manufacturing after a discussion
India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012
While the minister said the Centre had surrendered its power to levy excise duty on tobacco in 2017, excise duty did continue after GST - though at a nominal level
The Bill was tabled earlier amid the Opposition's protest demanding a discussion on the Special Intensive Revision (SIR) of electoral rolls
At Global Forum, India urges stronger transparency, confidentiality systems to tackle evolving financial structures
Parliament clears the Manipur GST amendment, aligning the state with national GST reforms, including track-and-trace, simplified voucher rules, clarified definitions and uniform appeal procedures
Parliament Winter Session LIVE Updates: Follow all the latest updates from Parliament as government and opposition debate key issues
Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes
First supplementary demands for grants tabled in Parliament focus on fertiliser and petroleum subsidies amid rising costs
India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence
As per the Supplementary, approval of Parliament is sought for ₹18,525 cr fertiliser subsidy and ₹9,500 cr Petroleum Ministry compensation to oil marketing companies
Demerit goods to face a new levy to finance national security and public health