Wednesday, Jan 19, 2022
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Finance Minister

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

12 January 2022

The union government had notified an increase in GST on natural fibre products from 5 per cent to 12 per cent, including apparels in the lower tax bracket with effect from January 1, 2022.

Art, An Important Instrument To Tell The Strengths Of India: FM

Art, An Important Instrument To Tell The Strengths Of India: FM

12 January 2022

Noting that the country's fine arts, culture were India's "soft power" , she said it took several years for yoga to get global recognition.


Bill On CA, Cost Accountants, Company Secretaries Referred To Standing Committee

Bill On CA, Cost Accountants, Company Secretaries Referred To Standing Committee

12 January 2022

Sitharaman had introduced the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 in the Lower House on...


Companies Raised Rs52,759cr From IPOs Till October This Fiscal: Sitharaman

A total of Rs 52,759 crore has been raised by 61 companies through initial public offers till October this fiscal, higher than the funds mopped up through this...

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13 January 2022
No Decision On Banning Crypto-Related Advertisements: Finance Minister Tells Upper House

No Decision On Banning Crypto-Related Advertisements: Finance Minister Tells Upper House

Finance Minister Nirmala Sitharaman added that necessary guidelines are being studied on how to deal with crypto-related advertising. Regulators, SEBI & RBI...


24 November 2021
In Jammu And Kashmir, Sitharaman Hands Over Credit Sanction Letters Of Rs 306 Crore To 145 Beneficiaries

In Jammu And Kashmir, Sitharaman Hands Over Credit Sanction Letters Of Rs 306 Crore To 145 Beneficiaries

On the occasion, Sitharaman said that she will ensure that more bank activities take place in Jammu and Kashmir and more Public Sector Banks set up branches in...


15 November 2021
States Will Be Given An Additional Rs 47,541 Crore As Devolution Amount Instalment In November: FM Nirmala Sitharaman

States Will Be Given An Additional Rs 47,541 Crore As Devolution Amount Instalment In November: FM Nirmala Sitharaman

The Finance Minister informed instead of the normal devolution payment, a total of Rs 95,082 crore would be collectively given to states for post-pandemic...


01 January 2022
FM Sitharaman Meets Top CEOs In New York, Discusses Gati Shakti, Digitisation, 'Make in India'

FM Sitharaman Meets Top CEOs In New York, Discusses Gati Shakti, Digitisation, 'Make in India'

'The initiatives and progress towards #financialinclusion and #DigitalTransformation formed part of the discussion,' the Ministry of Finance said in a tweet.


01 January 2022
India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said India’s pandemic response has focused on the ‘twin goals of saving both the lives and livelihoods’.


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10 January 2022
Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting

Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting

Finance Minister Nirmala Sitharaman announced a series of exemptions after the 45th GST Council meeting on Friday, this also includes an extension of GST...


10 January 2022
FM Nirmala Sitharaman To Head GST Meet Today

FM Nirmala Sitharaman To Head GST Meet Today

Finance Minister Nirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow today.


10 January 2022
Highlights: Govt Announces Setting Up Of National Asset Reconstruction Company

Highlights: Govt Announces Setting Up Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman cleared a proposal providing Rs 30,600cr government guarantee for security receipts to be issued by the National Asset...


10 January 2022
On-Ground GST Council Meet After 20 months. Here's What You Should Look Out For

On-Ground GST Council Meet After 20 months. Here's What You Should Look Out For

The 45th Goods and Services Tax (GST) Council meeting is set to convene physically after a long time in Lucknow on September 17


10 January 2022
Finance Minister Calls Vaccination The Only Medicine To Boost Economy

Finance Minister Calls Vaccination The Only Medicine To Boost Economy

On Sunday, the health ministry in Tamil Nadu eyeing to inoculate 20 lakh people is holding a 'Mega Vaccination Camp' through 40,000 camps being conducted...


10 January 2022
FM Promises Sanction Of Rs 1300 Cr Package For Development Of Tripura's Tribal Belt  In 10 Days

FM Promises Sanction Of Rs 1300 Cr Package For Development Of Tripura's Tribal Belt In 10 Days

Addressing a meeting after inaugurating a slew of 11 projects at Mohanpur, about 50 km from here, Sitharaman said the Rs. 1300-crore project with World Bank...


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10 January 2022
Govt Declares Increase In Family Pension For PSB Employees; Employer Contribution To NPS Also Sees Hike

Govt Declares Increase In Family Pension For PSB Employees; Employer Contribution To NPS Also Sees Hike

This would result in the family pensions rise to as high as Rs 30,000-Rs 35,000 a month, said Department of Financial Services Secretary Debasish Panda.


10 January 2022
'Congress Received Kickbacks By Selling Resources': Sitharaman Questions Rahul's Understanding Of NMP

'Congress Received Kickbacks By Selling Resources': Sitharaman Questions Rahul's Understanding Of NMP

Does Rahul Gandhi understand what is monetization, the finance minister asked.


10 January 2022
Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors

Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors

Announcing the National Monetisation Pipeline (NMP), Union Finance Minister Nirmala Sitharaman said the asset monetisation does not involve selling of land and...


10 January 2022
Infosys Submits Roadmap To Fix IT Portal Glitches In CEO’s Meeting With Finance Minister

Infosys Submits Roadmap To Fix IT Portal Glitches In CEO’s Meeting With Finance Minister

The finance ministry summoned Infosys CEO Salil Parekh over continued snags in India's new electronic tax filing portal


10 January 2022
Finance Ministry 'Summons' Infosys MD & CEO Salil Parekh For Not Resolving I-T Portal Glitches

Finance Ministry 'Summons' Infosys MD & CEO Salil Parekh For Not Resolving I-T Portal Glitches

Between January 2019 to June 2021, the government has paid Rs 164.5 crore to Infosys for developing the portal.


10 January 2022
Finance Minister Launches Third Phase Of 'Mission Shakti' In Uttar Pradesh

Finance Minister Launches Third Phase Of 'Mission Shakti' In Uttar Pradesh

The Union minister said the Centre is promoting women-led development, and the Uttar Pradesh government is taking all those programmes with the same vigour.


10 January 2022
Fuel Price Hike: FM Says Can't Reduce Excise Duty On Petrol, Diesel, Blames UPA

Fuel Price Hike: FM Says Can't Reduce Excise Duty On Petrol, Diesel, Blames UPA

The union finance minister remained non-commital on excise duty cut on petrol and diesel saying payments in lieu of past subsidised fuel pose limitations.


10 January 2022
Govt Brings Tax Withdrawal Bill To Lok Sabha To Revoke Tax Demand On Cairn, Vodafone

Govt Brings Tax Withdrawal Bill To Lok Sabha To Revoke Tax Demand On Cairn, Vodafone

The bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the...


10 January 2022
RS Passes Limited Liability Partnership Amendment Bill To Make Doing Business Easier

RS Passes Limited Liability Partnership Amendment Bill To Make Doing Business Easier

Finance Minister Nirmala Sitharaman moved the bill for consideration and passage. The bill was introduced in the House last week.


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Opinion

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

The union government had notified an increase in GST on natural fibre products from 5 per cent to 12 per cent, including apparels in the lower tax bracket with effect from January 1, 2022.

12 January 2022
Art, An Important Instrument To Tell The Strengths Of India: FM

Art, An Important Instrument To Tell The Strengths Of India: FM

Noting that the country's fine arts, culture were India's "soft power" , she said it took several years for yoga to get global recognition.

12 January 2022
Bill On CA, Cost Accountants, Company Secretaries Referred To Standing Committee

Bill On CA, Cost Accountants, Company Secretaries Referred To Standing Committee

Sitharaman had introduced the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 in the Lower House on December 17.

12 January 2022
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