A viral video, in which a popular hotelier of Tamil Nadu apologises to Union Finance Minister Nirmala Sitharaman for raising the issue of rationalising Goods and Services Tax (GST) before her at a business forum in Coimbatore
Addressing a press conference after the 54th GST Council meeting, the Finance Minister said revenues of casinos have "jumped by 30 per cent".
The industry experts on Monday welcomed some significant resolutions announced during the 54th GST Council meeting chaired by Finance Minister Nirmala Sitharaman.
The Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the largest financial inclusion initiatives launched by Prime Minister Narendra Modi, completed a decade of successful implementation on Wednesday.
Finance Minister Nirmala Sitharaman said on Tuesday that a total of 53.13 crore Jan Dhan accounts for the poor have been opened in the last 10 years with deposits worth Rs 2.3 lakh crore.
She said that taxpayers could save up to Rs 17,500 with the revised tax structure.
The finance minister gave a keynote address and handed over degrees to students at the 11th convocation ceremony of the Indian Institute of Science Education and Research (IISER) at Bhopal today.
The proposed amendments will affect the Reserve Bank of India Act, the Banking Regulation Act, and the State Bank of India Act, among others.
"The current amendment ensures that there will be no additional tax burden on people," the Finance Minister said.
In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will introduce the Appropriation Bill and Finance Bill
