Page 53 - Nirmala Sitharaman

Watch: FM Sitharaman stunned by honest questions on middle-class tax burden

During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. Watch the video to know what qu

Salt on Maliwal's wounds: Sitharaman as Kejriwal 'roams' with accused aide

Swati Maliwal on Thursday filed a formal complaint with the Delhi police against Arvind Kejriwal's assistant, Bibhav Kumar, for allegedly assaulting her at the CM's house on Monday

India to become $4 trn economy in FY25, surpass Japan by FY26: Sanyal

India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world's fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a 'very good' growth rate for India, given various constraints, including the country's weak exports. "So, this financial year, we will become a USD 4 trillion economy," he said at an event here. Recently, Finance Minister Nirmala Sitharaman said that India is expected to overtake Japan and Germany to emerge as the world's third-largest economy by 2027. Currently, in US dollar terms, India is the fifth largest economy with a size of about USD 3.7 trillion in nominal terms. Sanyal said Japan is now just a little ahead of us at USD 4.1 trillion. "So, either very early next year or even you know this year, we will cross Japan to become the world's fourth largest economy," Sanyal ...

NDA better on infra metrics than UPA tenure, says Nirmala Sitharaman

India saves Rs 4.8 trillion on logistics cost every year, said Sitharaman

More governance and less of govt in Modi's third term: FM Sitharaman

FM Nirmala Sitharaman was addressing a session titled 'Viksit Bharat 2047 - Vision for Indian Financial Markets,' organised by the BSE stock exchange at the BSE International Convention in Mumbai

LS polls 2024: Stock market slump doesn't mean PM Modi is in trouble

Indian politics is complicated enough to predict without throwing stock prices into the mix as well, Mihir Sharma writes

Financial markets prefer stability, predictability: FM Nirmala Sitharaman

Warns of unchecked explosion in F&O retail trades

FM's 'khata khat' remark: Cong accuses her of overseeing peak unemployment

The Congress on Tuesday hit back at Finance Minister Nirmala Sitharaman for questioning the finances behind the Congress' poll guarantees of providing Rs one lakh per annum to poor women and youth of the country and accused her of overseeing record unemployment and price rise. In a post on X, Congress general secretary Jairam Ramesh said while Sitharaman considers the Congress guarantees benefitting 99 per cent population as "lofty" but not the Rs 16 lakh crore loan write off for the prime minister's "cronies" or a Rs 2 lakh crore corporate tax cut for 0.7% of the largest firms that went straight into his "friends'" pockets. He asserted that the schemes promised by the Congress will be properly executed by the INDIA bloc government starting next month. "It is typical of the Modi government to describe only those policies intended to benefit 99% of the population as 'revdi', while billions handed out to the PM's cronies are excluded from this category. "The good news is that these .

Does Cong know cost of implementing Rahul's 'Khata Khat' schemes, asks FM

BJP leader and Finance Minister Nirmala Sitharaman on Monday wondered whether the Congress is aware of the cost of implementing the social welfare schemes, including giving Rs 1 lakh to women belonging to below poverty line families. A lot has been said in recent times about the fiscal management (especially on debt) of our government under PM Modi's leadership, Sitharaman said in a post on X. "Many times, absolute numbers have been compared without considering the GDP growth on which we base the debt calculation. I would like to put out a clear picture, unlike @INCIndia, which hides behind lofty promises that are non-transparent and disconnected from reality," it said. "Has @INCIndia considered the cost of the lofty promises made in their manifesto? Have they calculated how much the 'Khata Khat' schemes will cost fiscally? Will they borrow substantially for them, or will they raise taxes to fund them?" it said. She wondered how many welfare schemes would Rahul Gandhi shut down to

LS polls: FM Sitharaman questions 'lofty promises' in Congress manifesto

Sitharaman said post-pandemic, the Narendra Modi government pursued a "balanced approach" to fiscal consolidation while sustaining economic growth

LS polls: FM bonds with southern students over lunch at Andhra Bhavan

Union Finance Minister Nirmala Sitharaman made a surprise visit to the iconic Andhra Bhavan in the heart of Delhi on Saturday, two days before polling in the Telugu states of Telangana and Andhra Pradesh, interacting with some students of Delhi University. Speaking to around 20-odd students from the two Telugu-speaking states as well as Tamil Nadu, Kerala and Karnataka, Sitharaman discussed issues ranging from education and politics to the economic situation, in what appeared to be an attempt at outreach ahead of the May 13 elections in Telangana and Andhra Pradesh, where the BJP aims to expand its base. Polling for Andhra Pradesh's 25 Lok Sabha and 175 assembly seats will be held simultaneously on May 13. Telangana's 17 Lok Sabha seats will also go to the polls on the same day. As the students savoured their lunch, Sitharaman seamlessly transitioned into the role of a caring mother figure, ensuring they were eating properly. "I am listening, you please eat," she gently reminded th

India's fiscal deficit for FY24 likely to be better than expected

Govt capex for the last financial year also in line with projections, say sources

Jharkhand bearing brunt of migration, lawlessness, corruption: Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday alleged that Jharkhand was bearing the brunt of rampant corruption, migration and lawlessness, and a change in governance was the need of the hour in the state. Sitharaman, speaking at an event here, also said that allegations of step-motherly treatment towards Jharkhand were baseless. Eastern India can become the engine of growth for the country with the restoration of industries, she said. Jharkhand used to feature among the top five states in ease-of-doing business. But now, jungle raj' prevails here. The state will attract more investment if law and order improves... Change in governance is the need of the hour in Jharkhand, the minister said. The allegations (of the opposition) about step-motherly treatment towards the state by the prime minister are baseless... Jharkhand was allocated a record Rs 7,200 crore for rail projects in the 2024-25 budget, she added.

Net worth of CPSEs increased by 82% in 9 years, says finance minister

Sitharaman said the market capitalisation of 12 listed public sector banks (PSBs) has surged by 2.95 times in the past three years to Rs 16.12 trillion as of March 31, 2024

PSUs not in disarray, but thriving under Modi regime, says Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said PSUs have suffered under the Congress-led UPA government and previously neglected ones like, the Hindustan Aeronautics Limited (HAL), have seen a 'resurgence' under the Modi government. Rebutting allegations by the Congress party and its leader Rahul Gandhi that state-owned companies are in a disarray, Sitharaman said such claims are a textbook example of the pot calling the kettle black. In a post on X, the Minister said that under the Modi-government, public sector undertakings (PSUs) are thriving, benefiting significantly from the culture of professionalism infused in them along with increased operational freedom. PSUs have suffered under the Congress-led UPA government. PSUs that were previously neglected under the UPA government, such as Hindustan Aeronautics Limited, have seen a resurgence under the Modi government, she said. "Repeated claims from "the @INCIndia ecosystem and @RahulGandhi in particular that Public Sector .

GST helped states earn 24% more than the old regime: FM Sitharaman

She praised the new tax system for being pro-poor and beneficial to 4.4 million small taxpayers and micro, small and medium enterprises (MSMEs)

Govt adopted pro-poor approach in GST implementation: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level. In a post on X (formerly Twitter), Sitharaman said without GST, states' revenue from subsumed taxes from FY 2018-19 to 2023-24 would have been Rs 37.5 lakh crore. With GST, states' actual revenue amounted to Rs 46.56 lakh crore. "Despite the GST rate being less than the prescribed Revenue Neutral Rate and COVID-19 affecting the revenues, GST collections (as a percentage of GDP) have now reached the levels they were before GST (both net and gross). "This demonstrates that the Centre & States, collectively, through better tax administration, are able to collect the same revenue with a lower burden on our taxpayers," she said. GST, which was rolled out on July 1, 2017, had subsumed 17 taxes and 13 cesses into a 5-tier structure, thereby ...

FM Sitharaman swears in Justice (Retd) Mishra as 1st President of GSTAT

Finance Minister Nirmala Sitharaman on Monday administered the oath of office to Justice (Retd) Sanjaya Kumar Mishra as first President of the GST appellate tribunal (GSTAT). Mishra's appointment marks the beginning of the operationalisation of the GSTAT, a crucial body for resolving GST-related disputes. "Union Minister for Finance and Corporate Affairs Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya Kumar Mishra as the President of the GST Appellate Tribunal (GSTAT), in New Delhi, today," an official statement said. Mishra was a former Chief Justice of the Jharkhand High Court and was selected by a Search-cum-Selection Committee headed by the Chief Justice of India. The GSTAT is the Appellate Authority established under the Central Goods and Services Tax Act, 2017, to hear various appeals under the said Act and the respective State/Union Territories GST Acts against the orders of the first appellate authority. It consists of a princip

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6

All you need to know before Sensex, Nifty opens for trade on Monday, May 06: Gift Nifty hints at gap-up open; FM dismisses buzz of changes in capital gains tax and Q4 results.

Economy will regress into 'fragile five' if Cong manifesto implemented: FM

If Congress' poll manifesto were to be implemented, the Indian economy currently ranked among the top five globally, would regress into the "fragile five", Union Finance Minister Nirmala Sitharaman said on Saturday. She claimed the Congress poll document is "more akin to a Muslim League document" and the BJP is duty-bound to question its import. Sitharaman's attack comes against the backdrop of the 'conducting an economic survey and x-ray of society' remarks made by Rahul Gandhi and the BJP's allegation that Congress is planning redistribution of wealth if voted to power. "It is the worst manifesto which is not in the interest of the nation," Sitharaman said. Speaking at a meeting with select journalists in Pune, the finance minister wondered whether the Congress has conducted the necessary financial planning to fulfil the assurances listed in its manifesto. "I know they are not coming to power, but I would still like to ask, even if the subject of the Congress manifesto were to b