Page 236 - Latest Updates on Nirmala Sitharaman
Economic slowdown: States seek relaxation in fiscal deficit target to 4%
They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy
 "Economic slowdown: States seek relaxation in fiscal deficit target to 4%")
GST Council may crack down on fraudulent invoices, input tax credit refunds
The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''
 "GST Council may crack down on fraudulent invoices, input tax credit refunds")
Industry demands export promoting measures, simplification of labour laws
Ficci President Sandip Somany said the meeting delved into infrastructure bottlenecks in terms of the rules, regulations which can help free up business.
 "Industry demands export promoting measures, simplification of labour laws")
Amit Shah praises Sitharaman, says Global slowdown impacting Indian economy
He said Sitharaman is tackling the economy in a "very good manner" and added that the tax collection crossed the Rs 1 lakh crore-mark in the previous month
 "Amit Shah praises Sitharaman, says Global slowdown impacting Indian economy")
Budget 2020: Govt may go for income tax relief to spur demand, says report
Finance Minister Nirmala Sitharaman is expected to present the budget for 2020/21 fiscal year on February 1. She has promised a budget that will do more to boost growth.
 "Budget 2020: Govt may go for income tax relief to spur demand, says report")
Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target
Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials and impressed upon them to step up measures to achieve direct and indirect tax collection target.
 "Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target")
Centre releases over Rs 35,000 crore relief to states ahead of GST meet
The payment was pending since August, drawing protests from states, particularly non-BJP ruled ones
 "Centre releases over Rs 35,000 crore relief to states ahead of GST meet")
Ongoing unrest over Citizenship Act won't derail our economic agenda: FM
'There's no undermining of India's unity and its economy is important', said the finance minister
 "Ongoing unrest over Citizenship Act won't derail our economic agenda: FM")
Centre unlikely to extend 'Sabka Vishwas Scheme' beyond December 31
The Central Board of Indirect Taxes and Customs (CBIC) has asked its principal chief commissioners to be more proactive in persuading eligible taxpayers to take benefit of the Sabka Vishwas Scheme.
 "Centre unlikely to extend 'Sabka Vishwas Scheme' beyond December 31")
Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth
For the last three PSBs, the govt should run these under a public-private partnership model, said a senior banker.
 "Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth")
Market players want FM Sitharaman to rationalise taxes on equity
Issues relating to FPIs, AIFs, mutual fund industry figure in pre-Budget meeting
 "Market players want FM Sitharaman to rationalise taxes on equity")
Don't tinker with GST rates: Amit Mitra to Sitharaman ahead of Council meet
West Bengal finance minister says Council should find ways to help the industry tide over present crisis
 "Don't tinker with GST rates: Amit Mitra to Sitharaman ahead of Council meet")
Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM
The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).
 "Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM")
Under fire, Centre releases Rs 35,298 crore GST compensation to states
The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18
 "Under fire, Centre releases Rs 35,298 crore GST compensation to states")
Centre will not renege on promise of GST compensations, FM assures states
The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said
 "Centre will not renege on promise of GST compensations, FM assures states")
Govt working to improve data credibility, says FM Nirmala Sitharaman
The comments come months after the government has been accused of adopting faulty data computation methodologies which may throw up convenient conclusions
Budget 2020: Centre may announce sops for states for pollution control
The Commission submitted its interim report for 2020-21 to President Ram Nath Kovind earlier this month
 "Budget 2020: Centre may announce sops for states for pollution control")
GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending
The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides
 "GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending")
The uncertain times continue for banks
It is difficult to say whether the banking sector will see the worst behind it by March 2020
 "The uncertain times continue for banks")
Industry remains sceptical about loans to NBFCs under partial guarantee
Scepticism over the quality and value of underlying assets and the scheme, excluding big-ticket loans (or wholesale loans), may remain the barriers in the PCG scheme's success
 "Industry remains sceptical about loans to NBFCs under partial guarantee")