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Nirmala emphasized the need for a more transparent system in the future, without commenting on the possibility of a new law.
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The new government will present the full budget after it assumes office
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Following the meeting, the Finance Ministry, in a late Thursday night post, stated that Wickremesinghe acknowledged India's multi-faceted support to Sri Lanka during the economic crisis.
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During Wednesday's World Bank-IMF annual meetings in Marrakech, Morocco, she emphasized this while unveiling the "Partnership for Resilient and Inclusive Supply-chain Enhancement" (RISE).
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Finance Minister Nirmala Sitharaman on Friday said that there was no proposal before the government to cut import duty on electric vehicles.
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"I also urge more women to enrol for MSSC. It offers many advantages for our Nari Shakti," said Prime Minister Narendra Modi
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Ambassador Taranjit Singh Sandhu received Union Finance Minister Nirmala Sitharaman on Sunday (local time).
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The Finance Minister announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Also, customs duty on parts of open cells of TV panels would be cut to 2.5 per cent.
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* Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it
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While the leading newsrooms of the country are debating the academic stand point of these changes, the netizens expressed the views of the working class with a touch of sarcasm and humour. Several memes have been surfacing on the net.
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Finance Minister Sitharaman will present the last budget of the Modi 2.0 government at 11 a.m.
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The Finance Minister will also attend the Union cabinet meeting and then present the Budget around 11 a.m.
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"The Modi government has not levied any new tax on the middle class in any budget so far. No tax has been imposed on people who earn up to Rs 5 lakhs," Sitharaman said during the event.
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Sitharaman was in the American capital to attend the annual meetings of the International Monetary Fund and the World Bank.
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Sitharaman also noted with some satisfaction that the fundamentals of the Indian economy were in a good position at this time -- "I'm not asking for celebration, but it is true that we are holding together".
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She made the remarks on Friday during a meeting of the Development Committee of the World Bank-IMF, in Washington D.C.
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While addressing the closing session of the G20 Finance Ministers and Central Banks Governors (G20FMCBG) meeting in Washington D.C., on Thursday, she said that India views the hosting of the G20 Presidency as an opportunity as well as a responsibility.
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She said this on Wednesday while speaking in the first session of the 4th G20 Finance Ministers and Central Bank Governors meeting in Washington DC on the sidelines of the ongoing IMF-WB annual meetings 2022.
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Sitharaman, who is on an official visit to the United States, held discussions with minister Tshering on the sidelines of annual meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG).
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On being asked about rising public debt and fiscal deficit, Sitharaman said that in the budgets of 2021-22 and 2022-23, the government focussed on increased capital expenditure to revive the economy in the post-pandemic era.