Tuesday, May 24, 2022
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Finance Minister

Amidst Excise Duty Cut, Reduction In State Tax On Petrol, Oil Cost Hiked Its Base Price: Kerala Finance Minister

Amidst Excise Duty Cut, Reduction In State Tax On Petrol, Oil Cost Hiked Its Base Price: Kerala Finance Minister

The contention was denied by Balagopal who claimed that the reduction was a conscious decision and not a proportionate decrease. He had also said that the state has decided that when there is a reduction in price of petrol and diesel, it would reduce the...

23 May 2022
Sri Lanka’s President Gotabaya Rajapaksa Expands Cabinet Amid Economic Crisis

Sri Lanka’s President Gotabaya Rajapaksa Expands Cabinet Amid Economic Crisis

Sri Lanka’s President Gotabaya Rajapaksa reshuffles his cabinet amid the ongoing economic crisis that has hit the island nation, but he didn’t appoint any...

23 May 2022

Rate Hike Wasn't Surprising, Timing Was: Sitharaman 

For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash...

Sanctions Can Have Unintended Consequences In Interconnected World: Nirmala Sitharaman

Sanctions Can Have Unintended Consequences In Interconnected World: Nirmala Sitharaman

Speaking at Stanford University, she said India's stand on the Russia-Ukraine war is with the view to safeguard its economic and security interest.

27 April 2022

India To Take A Considered View On Cryptocurrency: Nirmala Sitharaman

The minister clarified that the government is open to promoting innovation and well-grounded progress made in the distributed ledger technologies, which are...

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23 April 2022
If US Wants Friend In India It Should Understand That The Friend Should Not Be Weakened: Nirmala Sitharaman On Stance On Russia

If US Wants Friend In India It Should Understand That The Friend Should Not Be Weakened: Nirmala Sitharaman On Stance On Russia

During her visit to the United States, she held a host of bilateral meetings and participated in many multilateral meetings.


22 April 2022
Nirmala Sitharaman Meets Heads Of FedEx, Mastercard, Others During US Visit

Nirmala Sitharaman Meets Heads Of FedEx, Mastercard, Others During US Visit

FedEx President and CEO-elect Raj Subramaniam, during the meeting with the finance minister, mentioned that he is positive about India and has significant...


22 April 2022
Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related...


20 April 2022
Urgent Need For Coordinated Action Across Countries For Swift Post-Pandemic Recovery: Sitharaman At G20 EMEs Meeting

Urgent Need For Coordinated Action Across Countries For Swift Post-Pandemic Recovery: Sitharaman At G20 EMEs Meeting

Sitharaman shared her insights on the economic outlook, risks and near-term policy challenges for Emerging Market Economies (EMEs) such as food and energy...


19 April 2022
Sithraman Meets IMF Chief; Discusses Impact Of Geopolitical Situation On Global Growth

Sithraman Meets IMF Chief; Discusses Impact Of Geopolitical Situation On Global Growth

India is expected to record the highest growth rate among large economies of the world. As per the Economic Survey, the country may log 8-8.5 percent GDP...


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05 April 2022
Sri Lanka’s New Finance Minister Ali Sabry Resigns A Day After Appointment

Sri Lanka’s New Finance Minister Ali Sabry Resigns A Day After Appointment

In a letter to the President, the newly appointed Finance Minister Ali Sabri said that he took up the job as part of a temporary measure. He was among the four...


31 March 2022
Centre's Fiscal Deficit Touched 82.7% Of Full Year Target At End Of February

Centre's Fiscal Deficit Touched 82.7% Of Full Year Target At End Of February

In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of the Revised Estiamate (RE) of 2020-21.


25 March 2022
Finance Bill 2022: MPs Get Vocal On Crypto in Lok Sabha

Finance Bill 2022: MPs Get Vocal On Crypto in Lok Sabha

Both government and Opposition leaders debate on cryptocurrency in Lok Sabha during discussion on Finance Bill 2022; move to pass proposal calling for heavy...


25 March 2022
NSA Ajit Doval Meets China’s FM Wang Yi, Presses For Troop Disengagement In Eastern Ladakh

NSA Ajit Doval Meets China’s FM Wang Yi, Presses For Troop Disengagement In Eastern Ladakh

NSA Ajit Doval pressed Chinese Foreign Minister Wang Yi for early and complete disengagement of troops in remaining friction points in eastern Ladakh, the...


15 March 2022
ABG Shipyard Case: CBI Probe Delayed By Some States Including Maharashtra, Says Govt

ABG Shipyard Case: CBI Probe Delayed By Some States Including Maharashtra, Says Govt

Finance Minister Nirmala Sitharaman said there was no delay by the Centre in taking action after identification of fraud by the State Bank


15 March 2022
Rs 53,600 Crore GST Compensation Yet To Be Released To States This Fiscal: FM

Rs 53,600 Crore GST Compensation Yet To Be Released To States This Fiscal: FM

So far this fiscal, Rs 96,576 crore has been released to the states on account of GST compensation, and an additional Rs 1.59 lakh crore has been given as...


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14 March 2022
Many States Request GST Compensation Extension Beyond 5 Years, Says Nirmala Sitharaman

Many States Request GST Compensation Extension Beyond 5 Years, Says Nirmala Sitharaman

Under the GST law, states were guaranteed to be compensated bi-monthly for any loss of revenue in the first five years of GST implementation from July 1,...


11 March 2022
Himachal Pradesh CM Meets Shah, Sitharaman In Delhi

Himachal Pradesh CM Meets Shah, Sitharaman In Delhi

The chief minister said the adjoining area of Jaunsar in Uttarakhand has already been declared as tribal area. He said that declaring Trans-Giri of Sirmour...


06 March 2022
Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit,...


04 March 2022
Government May Delay LIC IPO To Next Fiscal Amid Ukraine Crisis: Report

Government May Delay LIC IPO To Next Fiscal Amid Ukraine Crisis: Report

According to the report, the government will initially access the ongoing situation between Russia and Ukraine before moving ahead to the IPO. 


26 February 2022
Businesses With Over Rs 20 Cr Turnover To Mandatorily Generate E-invoice From April 1

Businesses With Over Rs 20 Cr Turnover To Mandatorily Generate E-invoice From April 1

From April 1 last year, companies with turnover of more than Rs 50 crore were generating B2B e-invoices


23 February 2022
Nirmala Sitharaman Is Having Sleepless Nights Due To Ukraine-Russia Conflict

Nirmala Sitharaman Is Having Sleepless Nights Due To Ukraine-Russia Conflict

India’s oil demand has been estimated to be at 214.5 million tons in the year beginning April 1, as per the Petroleum Planning and Analysis Cell of the oil...


23 February 2022
Lot Of Buzz, Interest In Market For LIC IPO, Says Nirmala Sitharaman

Lot Of Buzz, Interest In Market For LIC IPO, Says Nirmala Sitharaman

On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an...


22 February 2022
Government Looking Into Governance Lapses At NSE, Says Finance Minister

Government Looking Into Governance Lapses At NSE, Says Finance Minister

Earlier this month, Sebi penalised NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for various violations in a case related to...


22 February 2022
Ukraine Situation, Crude Prices Posing Challenge To Financial Stability: Sitharaman

Ukraine Situation, Crude Prices Posing Challenge To Financial Stability: Sitharaman

Finance Minister Nirmala Sitharaman also said the government is looking into the lapses that happened at the NSE


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