Page 57 - Finance Minister

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

Name inadvertently mentioned as head of GoM on IGST, says Sitharaman

She said that while she was meeting states regarding GST compensation issue, "there was a confusion", that Nirmala Sitharaman has withdrawn from a GoM

Corporate tax for firms with over Rs 400 crore turnover to be cut gradually

Arun Jaitley, as finance minister last year, had cut the corporate income tax rate to 25 per cent for companies with a turnover of up to Rs 250 crore

The sound of silence

Rahul Bajaj said nothing new but the govt should listen all the same

Rahul, Priyanka Gandhi visit ex-Finance Minister Chidambaram in Tihar jail

He was arrested by the Enforcement Directorate in the money laundering case on October 16 and is in judicial custody till November 27 under the order of a trial court.

What does tax buoyancy indicate and how does it impact tax devolution?

Poor responsiveness of tax collection to economic growth poses new challenges for norms on sharing taxes with the states

Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs

Govt's strategic divestment of BPCL will exclude Numaligarh Refinery; management control to be transferred to strategic buyer

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

FM holds first of a series of meetings with CAs, traders on simplifying GST

The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector

While the government will act as a sponsor with its Rs 10,000-crore initial contribution to the category-II AIF, SBI and LIC will provide an additional Rs 15,000 crore for the fund

FM Sitharaman to review state of economy at FSDC meeting on Nov 7

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.

Despite unavailability of MAT credit, 60% of firms opt for lower tax regime

In absolute terms, around 300,000 companies are now at the 22% rate, against the earlier 25-30% earlier

Top headlines: Sitharaman woos US investors, UK announces Brexit deal

Sitharaman assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

Letter to BS: India needs strong and honest FM or PM to clean the system

Manmohan Singh cleaned up the department of corrupt officers at a very high level in one big sweep.

Homebuyers unlikely to gain from reduction in corporation tax rates

Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts

Now, the kitchen sink: Finance minister has kissed fiscal restraint goodbye

Lack of demand ails the economy. But that's not addressed, nor are declining exports; the bad old habit of 'loan melas' is back; and tax has been cut in a way that hurts states, writes T N Ninan

FM's tax cut: Buyback relief for firms as retrospective rule goes

About 18 cos had announced buybacks worth nearly Rs 15,000 crore between April 1 and July 5

Investor wealth up by Rs 6.8 trillion in a day following FM's announcements

The bull market led the market capitalisation of the BSE-listed companies to soar Rs 6,82,938.6 crore to Rs 1,45,37,378.01 crore in single day