Page 152 - Nirmala Sitharaman

'Economy shifting to different plane', India needs big banks: Sitharaman

The National Asset Reconstruction Company, cleared by the cabinet 10 days ago, should not a be called "bad bank", Finance Minister tells banks association.

Confidence growing in stock market, says FM Nirmala Sitharaman

FM said the market has its own understanding of what it deals with the companies

Indian economy on sustained path of revival: Finance Minister Sitharaman

She said that the confidence in the Indian stock market is growing as retail and small investors are keenly investing money in the share market.

Made additional efforts to clear Punjab's GST dues: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday said she made additional efforts to clear Punjab's pending GST dues of more than Rs 1,400 crore, which should be recognised

Infosys says new I-T portal clocked 30 mn logins, 15 mn ITRs filed so far

Infosys says it acknowledges the difficulties some users continue to experience and says it is working 'expeditiously'

Recovery in demand, consumption stocks likely to be short-lived: Analysts

Measures announced by the FM on Monday, according to A K Prabhakar, head of research at IDBI Capital, though will give some fillip to consumption, demand will be limited into buying only essentials

GST Council extends concessions on certain Covid drugs till Dec 31: FM

The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31

GST Council to meet on Sept 17, to review rate on Covid essentials

The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials

GST Council meet on Friday; rate review, concession to Covid drugs on cards

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till December 31, tax concessions on 11 COVID drugs. Also, taxing petrol and diesel under the single national GST tax and a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy a 5 per cent GST tax on supplies made by them would be taken up by the Council at its meeting in Lucknow on September 17. "Finance Minister Smt @nsitharaman will chair the 45th GST Council meeting at 11 AM in Lucknow tomorrow. The meeting will be attended by MOS Shri @mppchaudhary besides Finance Ministers of States & UTs and Senior officers from Union Government & States," the Finance Ministry tweeted. The Council, comprising central and state finance ministers, will deliberate on the proposal of extending the existing concessional tax rate structure on Amphotericin B, Tocilizumab, Remdesivir and ...

Finance Ministry to kick-start budgetary exercise from October 12

The finance ministry will kick-start the exercise to prepare the annual Budget for 2022-23 from October 12 amidst signs of revival of the Indian economy hit hard by the COVID-19 pandemic.

Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted

GST Council decides against inclusion of petroleum

Focus now on faster NPA resolution to ensure NARCL's success: Analysts

Analysts expect the 'bad bank' to improve the balance sheet of banks, and aid incremental cash flow. However, a delayed resolution may dent the asset's value over time

GST Council extends levy of compensation cess till March 2026

The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, to compensate states for GST collection shortfall

Swiggy, Zomato to pay GST on restaurant service supplied through them: FM

Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators

The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class

Is the economic recovery at the cost of the middle class? Will Jet Airways' take-off after a lull be smooth? Is stock frenzy based on irrational exuberance? Listen to this podcast for answers

Govt backs NARCL with Rs 30,600-crore guarantee for five years

Stressed assets of about Rs 2 trillion to be acquired in phases

NARCL: Another brick in the wall; not too different from other ARCs

Having several routes for NPA resolution has both advantages and disadvantages as the decision will finally be taken by the banks

FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank

Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda

Sitharaman to address media at 5pm, may speak on bad bank proposal

Finance Minister to speak in Delhi ahead of GST council meeting in to Lucknow tomorrow.

Trust between govt and industry critical, says FM Nirmala Sitharaman

Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved