Page 256 - Latest Updates on Nirmala Sitharaman
Finance minister rejects demands for rollback of import duty on newsprint
Earlier this month, the Indian Newspaper Society (INS) asked the government to withdraw the 10 per cent customs duty imposed on newsprint
 "Finance minister rejects demands for rollback of import duty on newsprint")
Govt should ease law on firing workers, reform labour laws: Panagariya
He said the government's plan to introduce a single minimum wage across the country may hurt businesses in smaller towns
 "Govt should ease law on firing workers, reform labour laws: Panagariya")
More penal power for Customs dept
Proposed amendments in Section 104 of the said Act would allow arrest of any person fraudulently obtaining duty credit scrips for more than Rs 5 million
 "More penal power for Customs dept")
Private insurers not keen on higher FDI cap despite Sitharaman's offer
They are comfortable as their balance sheets are not leveraged and premium growth is robust
 "Private insurers not keen on higher FDI cap despite Sitharaman's offer")
Not more than 5,000 super-rich in India, tax hiked to help poor: Sitharaman
FM defends her decision not carrying a leather suitcase to Parliament to present the Budget
 "Not more than 5,000 super-rich in India, tax hiked to help poor: Sitharaman")
Budget 2019 marks a paradigm shift
It quells all doubts about the private sector being the dominant agent for wealth creation in the economy
 "Budget 2019 marks a paradigm shift")
No relief from super-rich tax for FPIs structured as trusts: Sitharaman
FPIs may consider the option of structuring as companies and FPIs functioning as trusts may consider being registered as companies, said FM Sitharaman
Brace for new 'crudities and inequities'
How the IBC transformed into a tool to stigmatise business failure
 "Brace for new 'crudities and inequities'")
Investors flee debt funds as credit quality slumps to lowest in 16 months
Cracks in the money market that started with IL&FS Group's default last year widened in June after mortgage lender Dewan Housing Finance Ltd. delayed debt payments
 "Investors flee debt funds as credit quality slumps to lowest in 16 months")
GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman
In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance
 "GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman")
Budget woes weigh on markets: Lack of stimulus hits Nifty infra, auto
Despite the large FPI pullout last week, the rupee has remained stable
 "Budget woes weigh on markets: Lack of stimulus hits Nifty infra, auto")
Govt aims to raise $47 billion from stake sales in PSUs in next five years
The plan will open up a steady stream of state companies to greater private investment
 "Govt aims to raise $47 billion from stake sales in PSUs in next five years")
Budget 2019 to boost investments without any comprise in fiscal goals: FM
Replying after a general discussion on the Union Budget 2019-20 in the Rajya Sabha, the minister said, 'Comprehensive steps' have been envisaged for the next 10 years.
 "Budget 2019 to boost investments without any comprise in fiscal goals: FM")
Sitharaman says tax targets achievable, GST collections could rise: Report
GST collections fell below Rs 1 trillion ($14.59 billion) for the first time in the current fiscal year in June, projecting weak consumer demand
FinMin's gag order on media may hurt press freedom ranking: Editors Guild
The Editors Guild condemned ministry's "arbitrary decision" to deny even government-accredited journalists' access to its offices in North Block, without prior appointment
Every number in Budget is authentic, says Finance Minister Sitharaman
Data given in the Budget is 100% above board, Sitharaman said
No question of rolling back surcharge on FPI trusts, says Finance Ministry
According to reports, about 2,000 FPIs operate as trusts
 "No question of rolling back surcharge on FPI trusts, says Finance Ministry")
Every number in Budget is authentic, speculation wrong: Sitharaman
Sitharaman said the fiscal deficit in the regular budget was pegged at 3.3 per cent of the GDP as against 3.4 per cent in the interim budget presented in the House in February
Imposed TDS levy after 448 entities withdrew Rs 100 cr each in a year: Govt
Over 1.03 lakh entities made cash withdrawals in the range of Rs 1-2 crore in 2017-18, totalling more than Rs 1.43 lakh crore
$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
 "$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers")