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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.
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New Delhi: The BJP government at the Centre obviously doesn’t believe in the ‘give and take’ policy when it comes to sharing revenues generated through the new GST regime. This was evident from union Finance Minister Nirmala Sitharaman’s response on Monday when she remained mum on the issue of extending GST compensation to States even […]
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Displaying an unabashed streak of hegemony and territorial ambitions, China has been quite aggressive over the last few years in building infrastructure along the border while India has a lot to catch up. The ‘Vibrant Villages’ Programme, announced by Finance Minister Nirmala Sitharaman in her Budget speech, will hopefully help New Delhi effectively counter the […]
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Hyderabad: Minister of Finance Nirmala Sitharaman presented the Union Budget 2022-23. With this Budget, India has marked 75 years of Independence through Azadi ka Amrit Mahotsav. Apart from this, the budget also lays down a plan for the next 25 years and refers to the same period as Amrit Kaal. It has also announced some […]
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New Delhi: The focus of the Union Budget is on providing basic amenities to the poor, middle class and youth, Prime Minister Narendra Modi said on Wednesday, and asserted that it is imperative that India becomes self-reliant. In his address on ‘Aatmanirbhar Arthvyavastha’ at a BJP event, he said that post-Covid, the possibility of a […]
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New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]
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New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said customs duty rates are being calibrated to provide a graded rate structure to facilitate domestic manufacturing of products like wearables and electronic smart meters. Presenting the Union Budget 2022-23, Sitharaman said duty concessions are also being given on certain items to enable domestic manufacturing of high-growth […]
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Kolkata: The Union Budget provided nothing to the common people who have been “crushed” by unemployment and inflation, West Bengal Chief Minister Mamata Banerjee said on Tuesday, terming it a “Pegasus spin budget”. Banerjee said the Centre was lost in “big words” signifying nothing. BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY […]
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Hyderabad: Chief Minister K Chandrashekhar Rao described the union Budget as just a ‘Golmaal Budget’ and said it lacked sense and purpose as there was no specific benefit for any section including the farmers, the poor and the underprivileged. He said the eighth union Budget has exposed the intellectual bankruptcy of the Narendra Modi government which […]
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New Delhi: Congress leader Jairam Ramesh on Tuesday alleged that the Modi government is on a “destructive path” as it talks of protecting the environment on the one hand but is promoting ecologically disastrous river-linking projects on the other. His remarks came soon after Finance Minister Nirmala Sitharaman presented the Union Budget for 2022-23 in […]
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New Delhi: Calling the Union Budget a “visionary budget” brought by the Modi government, Union Home Minister Amit Shah on Tuesday said it will change the scale of India’s economy and make the country self-reliant. Shah took Twitter to express his views soon after Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament. […]
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New Delhi: The Congress on Tuesday accused Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi of betraying the country’s salaried and middle classes by not announcing any relief measures for them in the Union Budget. Congress general secretary and chief spokesperson Randeep Surjewala said the salaried and the middle classes have been affected due […]
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New Delhi: The Centre will promote Kisan Drones, chemical-free natural farming, public-private partnerships for the delivery of digital and high-tech services to farmers across the country during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities […]
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New Delhi: India’s economic growth is expected to remain in the range of 8 to 8.5 per cent in 2022-23 as against a projected growth of 9.2 per cent in the current financial year and a sharp contraction witnessed in 2020-21, according to the Economic Survey 2021-22 tabled in the parliament on Monday. “With the […]
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New Delhi/Lucknow: Chinese e-commerce company Shopee, facing a controversy over FDI violations in the country, has been hit by an FIR filed by a customer in Lucknow for allegedly defrauding him. In the FIR, filed at the Mohanlalganj police station in Lucknow on January 15 and seen by IANS, the complainant Shashank Shekhar Singh said that […]
