Page 90 - Latest Updates on Nirmala Sitharaman
Panel to review pension scheme: Difference between NPS and OPS explained
The government has announced setting up of a four-member committee to review the National Pension Scheme (NPS)
 "Panel to review pension scheme: Difference between NPS and OPS explained")
Inflation kept at 6% or below despite adverse circumstances, says FM
Finance Minister Nirmala Sitharaman welcomes RBI decision, says it has taken a 'good call'
 "Inflation kept at 6% or below despite adverse circumstances, says FM")
More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years
The scheme aims to promote entrepreneurship at the grassroot level focusing on economic empowerment and job creation and has been extended up to the year 2025
 "More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years")
India has robust commercial systems giving confidence to investors: FM
FM Nirmala Sitharaman said that it is now agreed during the negotiations of bilateral trade treaties that India has a better robust commercial system giving investors the confidence they need
Government asks state-run banks to conduct more robust stress tests
The matter was reviewed at a March 25 meeting of the bank leaders with Finance Minister Nirmala Sitharaman, who met to discuss progress of a reform agenda for the lenders
 "Government asks state-run banks to conduct more robust stress tests")
Centre may announce Aadhaar-based KYC norms for small savings schemes
The simplified KYC, along with small savings rates for the April-June 2023 quarter, may be announced on March 31, the official said
 "Centre may announce Aadhaar-based KYC norms for small savings schemes")
PSU banks recover 14% of written-off loans in last 5 years: FM Sitharaman
Of Rs 7.34 lakh crore written-off loans, state-owned lenders recovered Rs 1.03 lakh crore, Finance Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha
 "PSU banks recover 14% of written-off loans in last 5 years: FM Sitharaman")
FM Sitharaman to seek LS nod for passing Competition Amendment Bill
Finance Minister Nirmala Sitharaman will move the Competition (Amendment) Bill, 2022 in the Lok Sabha for consideration and passing.
FM moves amendment to Finance Bill in Parliament to correct STT rate
Finance minister Nirmala Sitharaman on Monday moved an amendment to the Finance Bill in Rajya Sabha to correct the figures with regard to rate of Security Transaction Tax (STT)
 "FM moves amendment to Finance Bill in Parliament to correct STT rate")
Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23
Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance Minister Nirmala Sitharaman told the Lok Sabha in a written reply
Indian govt has 54 Chinese investment proposals pending: Finance Minister
The Indian government has received about 54 foreign direct investment proposals from China since last year that are pending for approval, said Finance Minister Nirmala Sitharaman
Finance minister asks public banks to take stress tests; what are these?
Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns
 "Finance minister asks public banks to take stress tests; what are these?")
Govt tells PSBs to monitor, make provision for companies' pledged shares
Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level
 "Govt tells PSBs to monitor, make provision for companies' pledged shares")
FM tells PSBs to diversify deposit, asset base amid global financial stress
Use the crisis to frame detailed crisis management strategies, FM to bankers
 "FM tells PSBs to diversify deposit, asset base amid global financial stress")
FM Sitharaman reviews PSBs' performance amid banking crisis in US, Europe
After detailed deliberations, the Finance Minister advised PSBs to remain vigilant about the interest rate risks and regularly undertake stress tests
 "FM Sitharaman reviews PSBs' performance amid banking crisis in US, Europe")
Finance Bill: Withholding tax on royalty and technical fee doubled to 20%
The decision is part of the 64 amendments introduced through the Finance Bill 2023
 "Finance Bill: Withholding tax on royalty and technical fee doubled to 20%")
LIVE: Fighting for voice of India, says Rahul Gandhi after losing MP status
Catch all the latest updates from across the globe here
 "LIVE: Fighting for voice of India, says Rahul Gandhi after losing MP status")
Finance Secretary T V Somanathan to head panel on pension schemes: FM
"The approach will be designed for adoption by both the central government and state governments," the finance minister said
 "Finance Secretary T V Somanathan to head panel on pension schemes: FM")
Taxpayers with income over Rs 7 lakh to get relief under new tax regime
The government has brought in amendments to the Finance Bill 2023, which has given 'marginal relief' to those taxpayers with annual income a little over Rs 7 lakh
 "Taxpayers with income over Rs 7 lakh to get relief under new tax regime")
Finance Bill: Centre hikes STT on futures and options trading by up to 25%
STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route
 "Finance Bill: Centre hikes STT on futures and options trading by up to 25%")