Page 234 - Nirmala Sitharaman

FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday

Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card

Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory

When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners

FM Sitharaman to meet CEOs of PSBs on Saturday to review their performance

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

Lenders call for bids to rescue shadow bank Altico as crisis deepens

Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders

A different phase

Ministerial statements at last week's meetings with business leaders indicate the government's new approach to industry

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

Economists tell FM to focus on reviving economic growth, not fiscal targets

The economists present also spoke about the need to rescue NBFCs

Come out of self-doubt and unleash animal spirits: FM to India Inc

The government has shown conviction to change India's system, take some tough decisions and make sure it is responsive to industry, she said at industry body Assocham's event here

Non-BJP states fear sovereign default on Centre's GST compensation

States are given compensation by the Centre if they don't clock 14 per cent growth in GST revenues in a year on the base of 2015-16.

Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman

State FMs had met Sitharaman for a pre-Union Budget interaction

In a first, GST Council votes, states say Centre close to sovereign default

In the Council meeting, the panel resorted to voting to decide whether a uniform tax on lotteries should be levied or a two-rate system be followed.

Economic slowdown: States seek relaxation in fiscal deficit target to 4%

They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy

GST Council may crack down on fraudulent invoices, input tax credit refunds

The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''

Industry demands export promoting measures, simplification of labour laws

Finance Minister Nirmala Sitharaman on Tuesday held discussions on regulatory environment impacting private investment and measures for promoting exports in a pre-budget consultation with stakeholder groups from industry, trade and services sectors. The representatives submitted suggestions concerning reduction of compliance burden and tax litigation, allowing self-certification in low risk industry, decriminalisation of tax and company laws. Besides, they demanded reduction of cost of equity capital, simplification and rationalisation of duties and labour laws, adoption of international standards of alternative dispute resolution, export development funds for helping MSME exporters and ease of investment flow into manufacturing sector. "The main areas of discussion during the aforesaid meeting included regulatory environment impacting private investment, measures for promotion of exports amidst rising protectionist tendencies, industrial production, logistics, media & ...

Amit Shah praises Sitharaman, says Global slowdown impacting Indian economy

He said Sitharaman is tackling the economy in a "very good manner" and added that the tax collection crossed the Rs 1 lakh crore-mark in the previous month

Budget 2020: Govt may go for income tax relief to spur demand, says report

Finance Minister Nirmala Sitharaman is expected to present the budget for 2020/21 fiscal year on February 1. She has promised a budget that will do more to boost growth.

Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target

Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials and impressed upon them to step up measures to achieve direct and indirect tax collection target.

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

Ongoing unrest over Citizenship Act won't derail our economic agenda: FM

'There's no undermining of India's unity and its economy is important', said the finance minister