Page 155 - Nirmala Sitharaman

FM to meet CEOs of PSBs on August 25 to review financial performance

Sitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic

Recovery not yet at stage for pulling back liquidity: FM Sitharaman

The finance minister exhorted India Inc to bring in fresh capital to help the government in reviving the economy

FM Sitharaman exhorts industry to make investment for boosting growth

Finance Minister Nirmala Sitharaman on Thursday urged the industry to come out in a big way to make investment for supporting growth battered by COVID-19 pandemic.

'Rigorous' work underway to achieve privatisation targets: FM Sitharaman

Sitharaman said on Thursday that the government is undertaking all the "necessary rigorous" work to complete the planned privatisation processes by the end of this financial year.

Govt ready to do everything required to revive economy, push growth: FM

Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support economic growth hit by the Covid-19 pandemic

Indian economy hasn't reached level of easing of liquidity: FM at CII event

There are indicators which suggest that the economy is buoyant and recovery is taking place post lifting of Covid restrictions by states, says Nirmala Sitharaman

Tata Sons Chairman N Chandrasekaran meets FM Nirmala Sitharaman

Tata Sons Chairman N Chandrasekaran on Tuesday met Finance Minister Nirmala Sitharaman

Number of billionaires in India stands at 136 in FY21, 5 less from FY20

The number of billionaires in India came down to 136 in 2020-21 from 141 in 2019-20, based on the gross total income declared in the income tax return, FM Nirmala Sitharaman informed Parliament

Top headlines: Tata group mulls chips business, FM speaks on scrapping tax

Business Standard brings you top headlines this morning

Depositors of PMC, other banks to benefit from DICGC Bill: FM Sitharaman

We want to make sure within 90 days depositors get the money so that small depositors who make up 98% of all depositors will get their money in time, she said

Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman

Rajya Sabha returns Bill to Lok Sabha amid Opposition protests

Govt mobilises Rs 31,290 crore from Sovereign Gold Bond Scheme: FM

The government has collected Rs 31,290 crore from Sovereign Gold Bond (SGB) Scheme since its launch in 2015, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

Govt buries retrospective tax, introduces Bill to amend Income Tax Act

Bill to scrap the law tabled; proposed refund at around Rs 8,100 crore

Bill to nullify retrospective tax passed in LS amid protests by Opposition

The bill seeks to do away with the contentious retrospective tax provision

FM invites Aussie investors to tap opportunities in infrastructure sector

Finance Minister Nirmala Sitharaman on Thursday invited Australian investors to tap opportunities in India's infrastructure sector which needs funding to the tune of Rs 111 lakh crore over five years. Australia is an important partner of India as a strong liberal democracy with shared diaspora and bilateral trade and investment. The bilateral trade has been growing steadily since past decade and there exists immense potential for the two countries to enhance it further in light of the wide spectrum of complementarities and strengths in the post-COVID period, Sitharaman said during a meeting with Tony Abbott, Special Envoy of Australian Prime Minister. Abbott complimented India for undertaking comprehensive and sustained reforms programme and said the country has continued to demonstrate robust growth despite the disruptive impact of the pandemic, a finance ministry statement said. Sitharaman further highlighted recent economic reforms and easing of FDI norms in India, which provide

Govt to amend Income Tax Act to nullify retrospective tax demands

No retro tax demand for indirect transfer of Indian assets made before May 28, 2012; govt also proposes to refund the amount paid in these cases without any interest thereon

Govt, RBI, Sebi watching markets closely: FM Nirmala Sitharaman

FM said they are taking necessary measures to ensure orderly functioning of the stock markets and maintain macro-financial stability

Avg annual revenue collection from tobacco products at Rs 53,750 cr: FM

Finance Minister Nirmala Sitharaman on Tuesday told the Rajya Sabha that the average annual revenue collection, including GST and excise duty, from tobacco products, stands at about Rs 53,750 crore. In reply to a question, the minister also said the GST rates, including compensation cess rates, on goods are fixed on the basis of the recommendations of the GST Council. Answering supplementary questions, she said many non-governmental organisations (NGOs) and consumer education forums have suggested to increase levies on tobacco products considering the health impact. "In the GST Council, we have formed a Group of Ministers (GoM). It has been given the terms of reference to see if on the capacity of a producing unit, where evasion is high, we can consider looking at an increase in the price. "Such items like tobacco have also been put into that list... We will wait for the GoM to come back with its recommendations," she said. Prasanna Acharya (Biju Janata Dal) had asked her if the .

Sitharaman as FM: Some positive surprises, a few works in progress

Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan

Rahul urges FM to extend moratorium on repayment of short-term crop loans

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging the Centre to extend the moratorium on repayment of short-term crop loans of farmers to December 31