Page 86 - Nirmala Sitharaman

Strengthen GST registration process further with tech: FM to tax officers

Finance Minister Nirmala Sitharaman on Friday asked tax officers to strengthen the GST registration process further by using technology during a review meeting on fake registration and billing. Tax officers have identified 11,140 fake GST registration and initiated action against fraudsters in the ongoing two-month-long special drive launched on May 16. "Smt @nsitharaman instructed that the GST registration process may be further strengthened using technology to curb entry of such fake entities in GST ecosystem. The FM called for a nationwide campaign to explain the objectives of the special drive to weed out fake entities," the office of the Finance Minister said in a tweet. During the review meeting, which was also attended by Revenue Secretary Sanjay Malhotra and CBIC Chairman Vivek Johri, Sitharaman was apprised of the methods like identity theft of people being adopted by fraudsters. "Smt @nsitharaman took note of the existing measures being undertaken by the ministry like ...

FM meets IFAD president, discusses issues of interest, global challenges

Finance Minister Nirmala Sitharaman on Thursday met International Fund for Agricultural Development (IFAD) president Alvaro Lario and discussed issues of mutual interests besides some emerging global challenges. During the meeting, the finance minister stressed that multilateral institutions should effectively contribute to ensuring food security by investing in food storage, food processing, and making small-size farming remunerative. Besides, they should focus on ensuring participation of emerging economies and developing countries and address the new global challenges such as food security, debt distress and climate Change. She underlined the need for the multilateral development banks (MDBs) to take a new and fair review to deal with new and emerging challenges. "While appreciating the India's leadership on steering the #G20India Presidency, the @IFADPresident updated FM Smt. @nsitharaman about how @IFAD is bringing #ClimateChange to the centrestage of the institution," a finan

Sitharaman reviews preparedness of Guj banks in view of cyclone Biparjoy

During the meeting, Sitharaman said that all disaster management protocols should be followed and the staff should be made aware of them

Nirmala Sitharaman's Daughter Parakala Vangamayi ties knot in Bengaluru

Parakala Vangamayi, the daughter of Indian FM Nirmala Sitharaman tied the knot with Pratik Doshi in a private ceremony in Bengaluru. No leaders of political parties were invited

Jaitley and Sitharaman: A look at divestment under the two NDA FMs

In his early days, PM Modi had said that the government would get out of most sectors, a vision which was given credence through the new policy of 'strategic sectors' announced by Sitharaman in 2020

FinMin extends date for MSMEs to submit refund claims till July 31

The finance ministry has extended the deadline for MSMEs by one month, till July 31, to submit refund claims for performance or bid security and liquidated damages forfeited by government departments and public sector entities during the Covid-19 period. To give relief to MSMEs, finance minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by MSMEs to execute contracts during the Covid period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by government and government undertakings. The scheme commenced from April 17 and the Department of Expenditure under the finance ministry had fixed the last date for claim submission as June 30. The Expenditure department has now issued amendments to the scheme and extended the deadline for submission of bids till July 31. Under the scheme, ministries have been asked to refund 95 per cent of the performance security, bid ..

GDP growth at 6.1% in Q4, 7.2% in full FY23; construction, agri surprise

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

LIVE: United World Wrestling issues a strong statement on wrestlers protest

Catch live updates from across the globe here

FM reviews infra projects under NICDIT, urges states to tie up loose ends

Finance Minister Nirmala Sitharaman on Tuesday reviewed the progress of projects under the National Industrial Corridor Development and Implementation Trust (NICDIT) and urged states to tie up loose ends and resolve all pending issues through greater exchange. NICDIT seeks to create greenfield smart industrial cities with sustainable 'plug n play' and information and communications technology ICT-enabled utilities. It is within the overall framework of PM GatiShakti National Master Plan NMP. It aims to create quality infrastructure and keep land parcels ready for allotment to attract investments in the manufacturing sector and position India strongly in Global Value Chains (GVCs). Addressing the second meeting of the apex monitoring authority of the NICDIT organised in hybrid mode here, Sitharaman urged all the states to tie up loose ends and move forward and resolve all pending issues through greater exchange and sharing of information to expedite the progress of works in the ...

Need states' support to resolve industrial corridor issues: FM Sitharaman

The industrial corridors can be operationalised by expediting land acquisition, facilitating the implementation of external infrastructure linkages, among other things

FM Sitharaman calls Rahul Gandhi's remarks over China policy shameful

Union finance minister Nirmala Sitharaman on Monday launched a fresh attack on Congress leader Rahul Gandhi for criticising Indian government policies on China

Won't let guard down against inflation, says FM Nirmala Sitharaman

Economists expect inflation to fall further towards 4 per cent levels - the medium-term target of the central bank - in May

Sitharaman slams Chidambaram's comments on Rs 2,000 banknote withdrawal

Union Finance Minister Nirmala Sitharaman on Monday criticised Congress leader P Chidambaram over his comments on the withdrawal of Rs 2,000 currency note and said to cast aspersions on matters of this nature "does not augur well with the former finance minister". She was speaking to reporters here as a part of press conferences being held by Union ministers in different parts of the country on the completion of nine years of the Narendra Modi government. Chidambaram on Monday said the introduction of Rs 2,000 note and its subsequent withdrawal have cast doubt on the integrity and stability of the Indian currency. He also said the key economic indicators are pointing downward and there is low confidence that the economy will reach the high growth path. The Reserve Bank of India recently announced withdrawal of Rs 2000 notes from circulation and asked people to deposit it in banks or get it exchanged by September 30. Asked about Chidambaram's comments, Sitharaman said, To cast ...

Sitharaman posts impressive report card of Modi govt's 9-year rule

"We have elevated the country's status globally in the past nine years, the poor have got food security with dignity... No other country has achieved so much in the same period in renewable energy"

Will meet Sitharaman to claim refund of Rs 9,242 cr deposited in NPS: Sukhu

Himachal Pradesh Chief Minister Sukhvinder Sukhu on Sunday said he will meet Union Finance Minister Nirmala Sitharaman in the national capital to claim a refund of Rs 9242.60 crore deposited in the National Pension Scheme by the state government. During the eighth meeting of the governing council of NITI Aayog held in New Delhi on Saturday, Sukhu urged the Centre to issue directions to the Pension Fund Regulatory and Development Authority to return the amount. Addressing a 'Purani Pension Aabhar Rally' organised by the state's government employees here, Sukhu asserted that the Congress government will fulfil its pre-poll promise of restoring the old pension scheme in the state. We are determined to reclaim Rs 9242.60 crore deposited in NPS. It is our right to get the money back and we will fight for it. I will visit Delhi to discuss the matter with Union Finance Minister Nirmala Sitharaman, Sukhu said at the rally. The CM emphasised that the restoration of the old pension scheme wa

PM Modi become most trusted, popular leader with his Seva Bhaav, says FM

Prime Minister Narendra Modi has brought in change in the mindset and earned the trust and faith of the people of this country through his unflinching 'Seva Bhaav', Finance Minister Nirmala Sitharaman said on Saturday. Participating in a national conclave to celebrate nine years of the Modi government, she said, compared to earlier governments when corruption was rampant, there is not even a whiff of corruption since 2014. The government in the last 9 years has achieved many things in different areas and in each category it has improved its performance with every passing year, she said. Beyond numbers, she said, "there is something that I have to tell you. Mindset has changed. Those governing have changed their mindset. People who voted for such a government see the change in mindset even among our friends and families." Mindset change comes when the government trusts people and when people trust the government in turn, she said, adding people have faith that Prime Minister Modi wi

FM reviews progress on Finance Track deliverables for 2023 under G20

Finance minister Nirmala Sitharaman on Friday reviewed the progress on Finance Track deliverables for 2023 under India's G20 Presidency. This is in run-up to the third G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) scheduled on July 17-18 in Gandhinagar, Gujarat. The finance minister was also briefed on various events planned on the sidelines of FMCBG meeting, which will see the participation of G20 ministers, governors, invitee countries and heads of various international organisations. "During the interaction, FM provided guidance on the ongoing work in various #FinanceTrack workstreams and underscored the importance of reflecting on the perspectives of developing countries & making the global economic system resilient & prepared for future," the finance ministry said in a tweet. Under the theme of 'Vasudhaiva Kutumbakam', the finance minister provided guidance for G20 India deliverables to facilitate coordinated action for shared global prosperity. "During

Leave encashment limit hiked to Rs 25 lakh: What does it mean for you?

The relief was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023 and the proposed hike has come into place since April 1, 2023, a circular from CBDT stated

Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT

The CBDT circular dated May 24 stated that the increased leave encashment limit will be applicable from April 1, 2023

Sitharaman appeals oppn to rethink boycott of parliament innaugration

Asserting that power transfers never happen merely at the shake of hands, Finance Minister Nirmala Sitharaman on Thursday appealed to opposition parties to reconsider their decision to boycott the dedication of the new Parliament building scheduled on May 28, saying it is a "temple of democracy." Addressing reporters here, she said 20 "aadeenams" (pontiffs) from Tamil Nadu have been invited for the inauguration, where the 'Sengol' will be installed, as did in 1947 to symbolise the power transformation from the British. Prime Minister Narendra Modi is scheduled to inaugurate the new Parliament building on Sunday. Sitharaman addressed a press conference at the Raj Bhavan here in the company of TN Governor RN Ravi, his Telangana and Nagaland counterparts, Tamilsai Soundararajan and La Ganesan, respectively, Union Minister L Murugan and TN Minister PK Sekar Babu. The ruling DMK in Tamil Nadu, one among the 19 opposition parties in the Centre that are boycotting the inauguration, dubbed