Tag: Finance Minister

Smartphones to become costlier as GST hiked to 18%, ICEA calls move detrimental to ‘digital India’

The council decided to extend the due date for the filing of annual return for financial year 2018-19 to June 30.

March 14, 2020

Manish Sisodia meets Union Finance Minister to discuss share in Central taxes

The AAP leader discusses central funds, central tax share for the development of national capital with Sitharaman.

February 21, 2020

Defence of the Realm

This is the right time for the Chief of Defence Staff to intervene and fight for the modernisation of the armed forces lest we are again caught with our pants down as in 1962. The defence strategists have failed to analyse as to why the Modi government is not giving priority to defence modernisation when a severe threat from our adversaries is lurking. Pakistan's defence budget is about 3.5 per cent of GDP whereas China's is about 4 per cent of GDP. India's budget should at least be about 3 per cent of GDP if not more, notwithstanding the economic slowdown

February 7, 2020

Spending proposed in Union Budget is done with clear picture of asset creation: Nirmala Sitharaman

'We are willing to spend if we have to. But we will not repeat past mistakes of splurging,' she said.

February 3, 2020

Defence sector gets 6% hike in Union Budget, allocated Rs 3.37 lakh crore

The defence budget hiked by 6 per cent to Rs 3.37 lakh crore which was earlier Rs 3.18 lakh crore. The total budget with defence pensions goes upto Rs 4.7 lakh crore.

February 1, 2020

‘Govt wants to put money in hands of people’, says Nirmala Sitharaman on new income tax regime

Finance Minister also said the government has fixed a target to relax fiscal deficit by 0.5 per cent.

February 1, 2020

‘BJP has proved that Delhi is not in its priority list’: Kejriwal on Union Budget

Kejriwal further questioned why people should vote for the saffron party as it has disappointed the city just before the Assembly elections.

February 1, 2020

Sensex falls 1,013 points, Nifty at 11,650 as FM budget fails to impress D-st

The minister also said that the companies will not need to pay dividend distribution tax (DDT).

February 1, 2020

Nirmala Sitharaman introduces new ‘optional’ income tax slabs for 2020-21

In the new tax regime, the taxpayers' income won't include the rebates and exemptions which is included in the old regime to lower down the overall tax paid.

February 1, 2020

Congress says findings of Economic Survey of FM are totally disconnected from reality

'After failure of Modinomics, a new word Thalinomics has been coined while the 'thali' of the common man is empty as the food inflation is at 14.12 per cent,' Congress leader Gaurav Vallabh said.

January 31, 2020

‘2838 Pakistani, 914 Afganistani, 172 Bangladeshi refugees given citizenship in last 6 years’: FM

Sitharam also warned the states who showed an unwillingness to implement the Act and said the state governments cannot say that the law will not be implemented and the resolutions passed in the state assemblies will not have any impact and is illegal.

January 19, 2020

‘Consider inviting Finance Minister’: Cong on Sitharaman’s absence at PM’s budget meet

In a rebuttal, Sitharaman's office clarified that she has already met economists as part of her pre-Budget consultations.

January 10, 2020

Need not to fear CBI, CVC, CAG, says Finance Minister Sitharaman to heads of PSBs

While investigating a fraud case, the agency shall be sensitive to the distinction between a bonafide decision and criminal involvement.

December 28, 2019

FM Nirmala Sitharaman holds pre-budget meeting with economists

During the meeting the minister and economists also talked about the inflation, revival of non-banking financial companies (NBFCs), fiscal arithmetic, monetary transmission, and government's fiscal prudence.

December 21, 2019

Be wary of jihadists, Maoists, separatists getting into student activism: Nirmala Sitharaman

She also said that activism per se is not new to universities and attributed the same to idealism that guides a student because of his/her age.

December 16, 2019

‘I don’t eat much onion,’ says Finance Minister on rising prices of vegetable

Prices of onion in many places have crossed Rs 100 per kg because of less production.

December 5, 2019

Shiv Sena MP seeks Finance Minister’s reply on BJP leader’s remark over funds

Karnataka BJP leader Anantkumar Hedge made the startling claim that Fadnavis’ sudden swearing-in as the chief minister of Maharashtra was a 'drama' to protect Rs 40,000 crore in central funds and return it safely to the Government.

December 3, 2019