It has been argued that India must push up the domestic production of fossil fuels, including oil and gas, along with diversifying sources of imports
Finance Minister Nirmala Sitharaman highlights policy dilemma between protecting small savers and managing rising government borrowing costs amid shifting savings trends
FM Nirmala Sitharaman says current year even 'more challenging' but India has enough fiscal space
She said the current year is likely to be more challenging due to the escalating conflict in the West Asia, which has heightened regional security concerns
Kitex-backed Twenty20 enters Kerala's Assembly polls with NDA, pitching its Kizhakkambalam model as a disruptor in the state's bipolar political landscape
"The UDF and the LDF cannot go on like this. Because Kerala's economy is in a very bad state," the finance minister said
Parliament passes IBC Bill allowing land authorities in CoC meetings, with around 50,000 homebuyers expected to benefit from pending real estate cases
The amended IBC Bill requires the Committee of Creditors to record reasons for selecting resolution applicants, while introducing timelines for NCLAT and faster approval of plans
Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process
"...The government is taking burden, making sure oil marketing companies (OMCs) will ensure buying more and doing supply, and keeping the supply uninterrupted," she said
Sitharaman says rise in auto sales, tractors and cement output shows GST rate cuts supported demand, even as concerns remain over uneven price transmission
She further said there is a trust-based tax administration that is being improved by reducing unnecessary hardship for honest taxpayers
The finance minister emphasised that there is no discontinuation of the said tax exemption
The Union Cabinet had already okayed the proposed Bill, aimed at further easing the compliance burden on businesses and advancing the government's agenda of decriminalising minor corporate offences
Sitharaman, who is in charge of the finance and corporate affairs ministries, said a state has to provide the utilisation certificate so that the next round of funds can be released
Finance Minister says expanded presumptive taxation and simplified provisions under the new law will reduce compliance burden and litigation for small businesses and professionals
Shipping constraints through the Strait are expected to persist in the near term, with global supply adjustments taking time
Finance Minister Nirmala Sitharaman said supply remains steady, citing economic resilience and policy measures
Replying to a supplementary question in the Lok Sabha, the Minister said the modified scheme will incorporate lessons learnt in implementation of the original Stand-Up India scheme
Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact