Page 57 - Nirmala Sitharaman

ICAI, MCA secretary discuss road map to create big Indian companies

Earlier in May, Finance Minister Nirmala Sitharaman had said that the ICAI should take it as a challenge to set up an Indian big four firm and seek global clients

New Odisha govt seeks higher allocation of funds for infra development

The new BJP government in Odisha has submitted a memorandum to the Centre seeking the expansion of Paradip port, a second AIIMS at Sambalpur and higher allocation of funds to further accelerate infrastructure development in the state. The memorandum was submitted by Odisha Deputy Chief Minister K V Singh Deo who attended the meeting of finance ministers of the states before the Union Budget. The meeting was chaired by Union Finance Minister Nirmala Sitharaman in New Delhi on Saturday. The Odisha government memorandum sought higher allocation under the Scheme for Special Assistance to States for Capital Investment (SACI), 2024-25 to further accelerate infrastructure development, an official release said. Apart from the demand for the establishment of a second AIIMS at Sambalpur, the state government also sought expeditious completion of National Highways, specifically the Coastal Highway and Capital Region Ring Road (CRRR) projects, in Odisha. The new BJP government in Odisha also .

News updates: Govt orders CBI probe in NEET paper leak case

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Budget 2024: TN urges FinMin to provide Rs 63,000 cr for CMRL Phase II

Tamil Nadu government on Saturday urged Union Finance Minister Nirmala Sitharaman to make provisions in the upcoming union budget and sanction Rs 63,246 crore for the Chennai Metro Rail Phase II project for which the foundation stone was laid in November 2020. This central project recommended by the Public Investment Board in August 2021 was awaiting approval of the Cabinet Committee on Economic Affairs for the last three years, Tamil Nadu Finance Minister Thangam Thennarasu said. Pending this approval, the entire expenditure is being borne by the state from its own funds, he said. "The delay in approval is making a severe impact on our state finances and has slowed the pace of implementation of this project, causing hardships to the people of Chennai. I urge the Union Government to immediately sanction the project, as originally envisaged, and ensure adequate provisions are made in the Union Budget 2024-25," he said . He was speaking at the meeting of state finance ministers with .

GST Council waives interest, penalty on tax demands between FY18 and FY20

Reconstituted rate rejig state panel; asked to give status report in subsequent meet post Budget

Centre anticipates Rs 70k crore GST cess surplus from 'sin' goods

The surprise surplus is attributed to impressive revenue generation from taxes on the so called "sin" goods like pan masala, cigarettes

Budget 2024: FM vows Centre's support to states via timely tax devolution

Finance Minister Nirmala Sitharaman on Saturday underlined Centre's support to states through timely tax devolution and GST compensation arrears to stimulate growth. At the pre-budget meeting with state finance ministers, Sitharaman also nudged states to take advantage of the scheme under which the Centre gives 50-year interest free loan to states for undertaking specified reforms. In her remarks, the Union Finance Minister underlined the union government's support to states through timely tax devolution, Finance Commission grants, and arrears of GST Compensation being provided for providing stimulus to growth, an official statement said. Regarding the 'Scheme for Special Assistance to States for Capital Investment', Sitharaman mentioned that while most of the loans are untied, a part of it is conditional-linked to citizen-centric reforms by states and sector-specific capital projects and requested the states to avail these loans by fulfilling requisite criteria. Most states ...

Budget: Farm bodies for higher agri R&D spend, more PM-KISAN allotment

The farmers' groups pitched for the rationalization of fertilizer subsidies and infrastructure development to boost the sector's resilience against climate change

Agri bodies urge FM Sitharaman to boost research, rationalise subsidies

Pre-budget meeting: Finance Minister meet agricultural bodies to discuss policy and budget recommendations

Budget 2024: Capex momentum for developing highways likely to continue

Focus will be on the quality of work done and not just the length of highways built, say senior govt officials

Increase capex, simplify taxes, bring more PLI schemes: India Inc to FM

Sanjiv Puri, president of the Confederation of Indian Industry (CII), suggested that the capex spending should be increased by 25% over the revised estimate of 2023-24

What did FM Sitharaman say about fiscal deficit in the last 5 Budgets?

Finance Minister Nirmala Sitharaman is expected to maintain fiscal deficit target at 5.1% for FY25

Union Budget 2024: India's rail safety in focus after recent collisions

Despite substantial previous Budget allocations, incidents like the Kanchanjunga Express collision with a goods train in West Bengal highlight ongoing concerns

Budget 2024 to have Rs 5 trillion allocation for tribal community: Minister

Union Budget 2024: In the interim budget announced on February 1, Finance Minister Nirmala Sitharaman had allocated Rs 1.3 trillion to Tribal Affairs Ministry

Budget 2024: Boost jobs, stick to fiscal goals, economists advise FM

Economists discussed measures for capacity-driven growth that should be sustainable and the need to push private sector investment and consumption to sustain the growth momentum

Modi 3.0 readies for Budget 2024: Tax reforms, economic strategies in focus

Union Budget 2024 is expected to introduce reforms in income tax structure with a focus on reducing taxes for lower income brackets to stimulate consumption

Union Budget 2024: What's ahead for India's space sector development?

The allocation for space department saw a modest 4 per cent increase, from Rs 12,545 crore to Rs 13,043 crore in the Interim Union Budget 2024

Union Budget 2024: No likely cut in fuel prices, PMAY allotment may rise

The Union Budget 2024 is expected to be announced in the third week of July. Finance Minister Nirmala Sitharaman to hold pre-budget meeting on June 20

Budget 2024: Continuity in more ways than one in FM's seventh Budget

Will there be tax breaks in the Union Budget 2024? Will there be welfare? Will there be fiscal consolidation? Budget Watch keeps a tab

Budget 2024-25 likely to retain FY25 fiscal deficit target of 5.1%

Record RBI dividend may guide likely focus on capex, special package