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Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Fri, Dec 08, 2023

Union Finance Minister Nirmala Sitharaman sharply criticized the previous governments' schemes while addressing the Rajya Sabha on the current economic situation in India. She drew a clear distinction between the "Naam ke vaaste" (mere namesake) schemes of the past and the effective, impactful initiatives implemented by the current NDA government under Prime Minister Narendra Modi.

India 360: UCO Bank recovers ₹649 crore, CBI starts investigation | Zee Business

India 360: UCO Bank recovers ₹649 crore, CBI starts investigation | Zee Business

Wed, Nov 22, 2023

India 360: UCO Bank recovered ₹649 crore, and now CBI is investigating the irregularities in UCO Bank, while the Finance Ministry has issued instructions to the banks.

'Middle-East economy improved through maritime,' says Finance Minister Nirmala Sitharaman

'Middle-East economy improved through maritime,' says Finance Minister Nirmala Sitharaman

Thu, Oct 19, 2023

Finance Minister Nirmala Sitharaman's statement at the Global Maritime India Summit, 'Government's focus on blue economy in the last 9 years', 'Middle-East economy improved through maritime'

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How much will new IIP, WPI series impact India's GDP?

How much will new IIP, WPI series impact India's GDP?

Tue, May 30, 2017

Analysts and industry experts believe that the new series of India's factory output data or Index of Industrial Production (IIP) would mean that the GDP numbers could be significantly higher than the earlier quarters.

FMCG smiles: Colgate biggest beneficiary of GST; Patanjali, Dabur may cut rates, others neutral

FMCG smiles: Colgate biggest beneficiary of GST; Patanjali, Dabur may cut rates, others neutral

Fri, May 19, 2017

Win some lose some attitude with the companies today after the GST Council decided on the GST rates on Thursday. Clear cut beneficiaries of the GST rates arise, Kotak Security analysts said while others may have to dip into profits to cut rates.

GST: A complete guide on products and services getting cheaper or expensive from July 1

GST: A complete guide on products and services getting cheaper or expensive from July 1

Fri, May 19, 2017

In the 14th GST Council meet held at Srinagar, Jammu & Kashmir on May 18, 2017, the Council decided the tax rates for 1,211 items. Majority of the essential goods such as food grains and personal care products have been brought into a lower tax slab under GST.

Pan masala gutkha to attract 204% cess, SUVs 15%

Pan masala gutkha to attract 204% cess, SUVs 15%

Fri, May 19, 2017

Get ready to pay a 204 % cess on pan masala gutkha while consumers of aerated water will pay just 12 % cess and people buying large cars have to cough up 15 % cess from July 1.

Arun Jaitley promises GST help for J&K in sync with special status

Arun Jaitley promises GST help for J&K in sync with special status

Thu, May 18, 2017

Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.

No plan to tax agri income; rich farmer very rare: Jaitley

No plan to tax agri income; rich farmer very rare: Jaitley

Tue, May 09, 2017

Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is "a very rare institution" and not the norm.

President gives nod to ordinance on banks' non-performing assets

President gives nod to ordinance on banks' non-performing assets

Fri, May 05, 2017

President Pranab Mukherjee has given his nod to the ordinance dealing with the banking sector`s non-performing loans and the amendment to the Banking Act, television channels reported on Friday.

Income Tax: Only 0.39% farmers in India eligible to pay income tax even if asked

Income Tax: Only 0.39% farmers in India eligible to pay income tax even if asked

Thu, Apr 27, 2017

Niti Aayog member Bibek Debroy cooked up a storm earlier this week when he said that agriculture in India should come under the purview of income tax. So severe are the political implications of such a move that Finance Minister Arun Jaitley immediately swung into action and denied any such thought within the government.

Arun Jaitley takes up H-1B visa issue with US Commerce Secretary

Arun Jaitley takes up H-1B visa issue with US Commerce Secretary

Fri, Apr 21, 2017

Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said.

Govt orders departments, states to ensure privacy with Aadhaar card details

Govt orders departments, states to ensure privacy with Aadhaar card details

Mon, Apr 03, 2017

Indian government ordered its central departments and states to maintain strict privacy of Aadhaar card details of people, a report by ET Now said on Monday.

GST Council approves rules on input tax credit, says Jaitley

GST Council approves rules on input tax credit, says Jaitley

Fri, Mar 31, 2017

Speaking at a press conference in New Delhi, Finance Minister, Arun Jaitley on Friday said that the GST Council approved rules on input tax credit, valuation, transitional provisions and composition.

Boosting private sector investment in India challenging: Arvind Subramanian

Boosting private sector investment in India challenging: Arvind Subramanian

Wed, Mar 29, 2017

Boosting private sector investment remains a challenge for the Indian economy, Arvind Subramanian, chief economic adviser to the finance ministry told the annual Credit Suisse Asian Investment Conference in Hong Kong on Wednesday.

Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley

Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley

Fri, Mar 17, 2017

In a reply to a Lok Sabha question, Finance Minister, Arun Jaitley on Friday said that so far the government has received revenue from cesses of Rs 2.66 lakh crore in FY17.

Bank NPAs show a declining trend, says Finance Minister Arun Jaitley

Bank NPAs show a declining trend, says Finance Minister Arun Jaitley

Wed, Mar 15, 2017

Finance Minister Arun Jaitely on Wednesday said that non-performing assets (NPAs) are showing a declining trend in the last quarter of the current financial year. He said that despite this trend, NPAs continue to be a challenging task for banks.

Model GST Bill to go for 20% peak tax, slabs intact for now

Model GST Bill to go for 20% peak tax, slabs intact for now

Thu, Mar 02, 2017

The GST Council has proposed to raise the peak tax rate to 20%, from the current 14%, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change in rates in future.

Merger plan: SBI, 3 associates inform Cabinet nod to exchanges

Merger plan: SBI, 3 associates inform Cabinet nod to exchanges

Thu, Feb 16, 2017

State Bank of India (SBI) and three of its listed subsidiaries today informed the exchanges the Cabinet approval on the planned merger of associates with the parent bank.

Study any course online by using SWAYAM app, Jaitley says; here's how

Study any course online by using SWAYAM app, Jaitley says; here's how

Wed, Feb 01, 2017

In its push toward a digital economy, the Union Budget mentioned incentives for India’s youth to enhance learning outcomes in the country.

GST protest: 70,000 tax officers to wear black bands today

GST protest: 70,000 tax officers to wear black bands today

Sun, Jan 29, 2017

About 70,000 tax officers and employees in the country will wear black bands at work on Monday January 30, 2017, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley.

Finance Minister may hike service tax to 16-18% in Budget

Finance Minister may hike service tax to 16-18% in Budget

Sun, Jan 29, 2017

Finance Minister Arun Jaitley may hike service tax rate to 16-18 % from the current 15 % in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout.

Cut indirect tax rates, not direct ones: Chidambaram

Cut indirect tax rates, not direct ones: Chidambaram

Sat, Jan 28, 2017

In view of the "sufferings" of the common people resulting from demonetisation, former Union Finance Minister P. Chidambaram on Saturday suggested that the Centre should cut indirect tax rates to mitigate the hardships people are facing now.

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