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FM Nirmala Sitharaman News

26 Jan 2025

Budget 2025-26: Income Taxpayers Want FM Nirmala Sitharaman To Cut Rates

However, to further enhance the appeal of the new tax regime, about 46 per cent of respondents advocate for lowering tax rates, while 26 per cent believe exemption limits can be increased, the survey states.

26 Jan 2025

Market Outlook: Budget, Q3 Results & Global Cues to Watch Next Week

Foreign institutional investors (FIIs) sold shares worth Rs 22,504 crore in the cash segment. The FIIs outflows exceeded Rs 69,000 crore so far this month.

Union Budget 2025

23 Jan 2025

Budget 2025 Expectations Highlights: Railways, Technology: What’s In Store?

Budget 2025 Expectations Highlights: This will be Finance Minister Nirmala Sitharaman's second full-fledged Budget in Modi 3.0, and her eighth budget presentation overall in Parliament.

15 Jan 2025

Budget 2025: Industry Leaders Warn Rupee Decline Threatens Fiscal Management

The upcoming budget presents a challenging yet critical opportunity for the government to address macroeconomic hurdles, enhance public expenditure, and implement targeted reforms that could restore investor confidence and propel India's growth trajectory.

31 Dec 2024

Income Tax Relief: Vivad Se Vishwas Scheme Deadline Extended; Check Benefits

Income Tax Relief: The Vivad Se Vishwas Scheme was officially notified by the CBDT on September 20 and came into effect on October 1.

FM Nirmala Sitharaman

29 Dec 2024

ESC Urges Incentives To Boost R&D And Innovation In Electronics Hardware

ESC has also sought a 10-year Tax Holiday on sales of products with Intellectual Property (IP) such as patents and designs, developed through in-house R&D efforts.

03 Dec 2024

Good News For Saving Account Holders; Soon, You Can Add Four Nominees - Read

Banking Laws (Amendment) Bill, 2024: It seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day of every month instead of the second and fourth Fridays.

18 Nov 2024

GST Council To Discuss Tax Relief For Insurance On Dec 21

GST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.

10 Nov 2024

No MSME Will Be Left Behind In PM Modi’s Government: FM Nirmala Sitharaman

The MSME sector has continued to play a pivotal role in driving economic growth, employment, and entrepreneurship across the nation.

04 Nov 2024

FM Nirmala Sitharaman Apprised About Review Of Income Tax Act By Top Officials

The Revenue Secretary informed the Union Finance Minister that 22 specialised sub-committees have been established to review the various aspects of the Income Tax Act.

26 Oct 2024

Govt Should Prioritise Review Of Income Tax Act: SBI Research

The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.

20 Oct 2024

GoM Proposes To Raise GST 0n Luxury Shoes, Watches, Aims Revenue Boost

The GoM members also decided to lower tax rates on 20-litre packaged drinking water bottles and bicycles to 5 per cent from 18 per cent.

19 Oct 2024

FM Nirmala Sitharaman Invites Mexican Investment In GIFT-IFSC

FM Nirmala Sitharaman urged private sector leaders from both nations to drive forward this growing partnership, particularly in sectors like pharmaceuticals, MedTech, and digital innovation, to strengthen the economic ties between India and Mexico.

nirmala sitharaman protest

01 Oct 2024

Congress protests outside Nirmala Sitharaman's House

22 Sep 2024

GST 2.0 Will Further Ease Tax Compliances And Boost Economic Growth

The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws to foster further economic growth.

New Pension scheme

16 Sep 2024

No More Worrying About Your Kid's Future: Government Coming Up With NPS

NPS 'Vatsalya' offers flexible contributions and investment options, allowing parents to make an investment of Rs 1,000 annually in the name of the child, thus making it accessible to families from all economic backgrounds.

FM Nirmala Sitharaman

14 Sep 2024

FM Nirmala Sitharaman Highlights Expanding US Investments In India

Finance Minister Sitharaman also emphasized the broad-based and multi-sectoral cooperation between India and the US, noting that recent reforms and the country's evolving investment climate have created a conducive environment for growth.

13 Sep 2024

Rahul Gandhi Slams Modi Govt Over Restaurant Owner's Apology To FM

Rahul Gandhi slammed the government over a video in which a restaurant chain owner is purportedly 'apologising' to Finance Minister Nirmala Sitharaman for voicing concerns about GST.

GST Council meet

09 Sep 2024

Medical Insurance To Be Exempted Under GST? FM Nirmala Sitharaman Says THIS

Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have requested Finance Minister Sitharaman to reduce GST on medical insurance and premiums.

FM Nirmala Sitharaman

19 Aug 2024

FM Nirmala Sitharaman Urges PSBs To Boost Deposits, Reviews Fraud Risks

The PSU banks' net profit has crossed Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 lakh crore.

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