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FM Nirmala Sitharaman asked the DRI officers to investigate "holistically," keeping the big picture in focus and not merely chasing "isolated infractions"
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Sitharaman highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with “transparency and integrity”
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The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, the future of the compensation cess, and broad structural reforms as part of the GST 2.0 reforms
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"#OperationSindoor is a strong response by @adgpi, hitting at the terror hubs in Pakistan. India shall never tolerate terrorism," Sitharaman posted on X
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The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions
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During a bilateral meeting with Google Cloud CEO Thomas Kurian and his team here, Sitharaman encouraged them to explore local linkages in India for territorial collaboration and to develop tech for India and the world market under the 'Make In India' initiative
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The visit will also see her participating in the India-UK Economic and Financial Dialogue, where key issues like market access for goods and services, dispute resolution mechanisms, and financial services will be on the agenda.
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The Finance Minister would participate in the 13th Ministerial round of India-UK Economic and Financial Dialogue and engage with think tanks, investors, and business leaders in the UK and Austria, according to a Ministry of Finance statement
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Tamil Nadu has been the largest beneficiary under the PLI- scheme in electronics, electronic parts and automobiles. Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the State
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FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, has now come down to 11.4 per cent in 2023 and will decrease further
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BRS working president demands answers from Prime Minister Modi and Finance Minister Nirmala Sitharaman on the sweeping powers being granted to I-T officials under the new Bill
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When you are at a stage of development when your own industry has to grow, you will tend to make sure that, as per the WTO norms, whatever is the trade tariff which you can levy... you will levy, says Union Finance Minister
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"The new bill allows unchecked access to citizens’ social media, emails, and online trading accounts under the guise of tax scrutiny. This is nothing but mass surveillance": BRS working president
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Demand that the Union Minister withdraw her remarks and focus on fulfilling commitments to the State
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New I-T Bill, likely to be tabled in Parliament on February 13, will have 536 sections and do away with ‘previous year’ concept
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The new Bill seeks to make direct tax law simple to understand and not to impose any new tax burden. It will not have provisos and explanations or long sentences
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The rate cut comes for the first time in nearly five years after the last rate reduction in May 2020
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BJP MPs and two Union ministers from Telangana failed to get justifiable allocations in the Union Budget, says Patlolla Sanjeeva Reddy
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Draft Bill likely to provide directions to widen tax net, given the contraction in tax base following the new exemption limits, say sources
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Aligning with India's broader vision to become a global AI hub, Finance Minister Nirmala Sitharaman has announced the creation of three Centres of Excellence (CoEs) in AI for education with a budget allocation of Rs 500 crore