Page 120 - Nirmala Sitharaman

Global cooperation needed to regulate crypto: Sitharaman tells Parliament

RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament

The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply

Pre-packed, labelled cereals, pulses, flour over 25kg exempt from 5% GST

Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy

Nationalisation, consolidation and privatisation

Merely bringing down the government stake below 51 per cent may not find any taker for the PSBs. Is the government ready to give up its powers?

IMA urges FM Sitharaman to grant GST exemption to healthcare services

Indian Medical Association (IMA) on Saturday wrote a letter to Union Finance Minister Nirmala Sitharaman requesting to grant exemption in Goods and Services Tax (GST) for healthcare services.Citing in a letter, IMA mentioned that the 47th GST Council meeting has recommended that "Like CTEPs, common bio-medical waste treatment facilities for treatment or disposal of biomedical waste shall be taxed at 12 per cent so as to allow them ITC."IMA said these facilities were earlier in the GST exempted category and will be taxed post-July 18.47th GST Council meeting has also recommended that "Room rent, excluding ICU, exceeding Rs 5,000 per day per patient charged by the hospital will also be taxed at 5 per cent, without ITC."The IMA said, in its letter, that this facility was also GST exempted category and was to be effective from July 18."We, as the collective voice of all establishments and doctors of the country, express our serious concerns and objections to these new taxes in the ...

Delhi grain markets remain closed as traders protest GST on packed food

Wholesale grain markets at Narela, Bawana and other parts of the city wore a deserted look due to the market bandh called by traders. Many retail grain markets in the city were also closed.

Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more

PSU giant Life Insurance Corporation of India (LIC) has released some key data points. Its embedded value (EV) for 2021-22 has worked out to be Rs 5.41 trillion

Let India export foodgrains from public stock: FM Sitharaman at G20

Says India could help in reducing hunger or food insecurity

India's growth prospects embedded in public capex programmes: Sitharaman

Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems. The government has laid emphasis on capital expenditure to push economic growth hit by the pandemic. It is expected that the increase in public spending would crowd in private investment. Sitharaman raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex last year was Rs 5.5 lakh crore. "Reflecting on India's #growthstory, FM shared that India's long-term growth prospects are embedded in public #CapitalExpenditure programmes, & #EvidenceBased #PolicyMaking is vital for resilient economic systems," .

G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets

Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out

Automatic exchange of info should also cover assets like crypto: FM at G20

Finance minister Nirmala Sitharaman on Thursday said G20 should examine the feasibility of bringing non-financial assets like crypto in the ambit of exchange of information among nations

Need blended finance, private capital leveraging to achieve SDG: Sitharaman

Sitharaman was speaking at the Sustainable Finance for Climate Transition roundtable in Bali, Indonesia, which is hosting the third G20 Finance Ministers and Central Bank Governors (FMCBG)

Pointed attack on inflation to continue, says FM Nirmala Sitharaman

The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact

Govt's targeted steps minimised impact of inflation-led prices on poor: FM

Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line

Pointed attack on inflation will need to continue, says FM Sitharaman

Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.

Real growth not possible without inclusiveness, says PM Narendra Modi

Speaking on social issues, PM said child stunting remained a major concern and India needed to address this on priority

Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23

Both the finance ministry and Union cabinet have recently come down heavily on railways and asked it to expedite its monetisation efforts

Sitharaman, Goyal among 27 newly-elected Rajya Sabha members to take oath

The 27 members are from 10 states and took oath in nine languages - 12 in Hindi, four in English, two each in Sanskrit, Kannada, Marathi and Odia and one each in Punjabi, Tamil and Telugu

FM Sitharaman asks PSBs to join account aggregator system by July-end

Account aggregator ecosystem helps banks leverage digital data of customers, with their consent, to provide better service

Bring industrial projects under GatiShakti: FM Sitharaman to NITI Aayog

"For some reasons...the three corridors coming from the south have not been dealt with in an elaborate fashion," Sitharaman said