"nirmala-sitharaman"

Finance Minister Nirmala Sitharaman said India has emerged as a stabilising force in the global economy, resilient against trade, energy, and financial shocks. Speaking at Kautilya Economic Conclave 2025, she warned of global uncertainties, shifting alliances, and structural transformations in world order

Finance Minister Nirmala Sitharaman called GST reforms a win for all citizens, with major tax cuts and simplified slabs. She said the number of GST payers grew from 66 lakh to 1.5 crore, boosting revenue and tax compliance

Chief Minister A. Revanth Reddy has formally requested Union Finance Minister Nirmala Sitharaman to exempt a Rs. 30,000 crore loan from Telangana’s FRBM ceiling to finance the Young India Integrated Residential Schools initiative. The state plans to build 105 modern residential schools, one per Assembly constituency, targeting BC, SC, ST, and minority students and accommodating 2.7 lakh students.

Starting September 22, GST rates on 400 items will be reduced in a major reform. Finance Minister Nirmala Sitharaman says this will lower household expenses, boost spending, and benefit all families. Insurance premiums will be tax-free, and compliance will be easier

Telangana has sought Rs 16,732 crore in central assistance to address losses caused by heavy rains over two consecutive years. Deputy CM Mallu Bhatti Vikramarka and Agriculture Minister Tummala Nageswara Rao submitted the request to Union Home Minister Amit Shah, seeking both pending and fresh aid.

Kerala Finance Minister K N Balagopal warned that the state could lose Rs 8,000–10,000 crore annually due to GST rate rationalisation. He urged the Centre to ensure benefits reach consumers and pressed for compensation to states facing major revenue losses

The GST Council, led by Finance Minister Nirmala Sitharaman, slashed taxes on daily essentials and packaged foods ahead of the festive season. UHT milk, paneer, parathas, biscuits, chocolates, dry fruits, and dairy products now attract lower or nil GST, boosting consumption outlook

In a sweeping reform, the GST Council has rationalised India's tax structure by reducing four tax slabs to two—retaining only the 5% and 18% rates. While essential items like snacks and personal care products have seen a steep drop in GST, the rates on tobacco and sugary goods have been raised to 40%.

Economists say the 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, may result in a significant reform of the GST structure that could simplify the tax regime and lower prices. Experts believe the changes would boost household disposable income, increase demand, and drive consumption-led growth.

Finance Minister Nirmala Sitharaman said the next generation of GST reforms will simplify compliance, benefit small businesses, and boost transparency. She praised banks for improved asset quality, noted record GDP growth, low inflation, and underlined trust, technology, and transparency as guiding principles

Andhra Pradesh CM N Chandrababu Naidu will meet Finance Minister Nirmala Sitharaman in New Delhi on Friday to seek central support for state projects under SASCI and Purvodaya schemes. He will also attend a leaders’ forum before returning Friday night

The government has passed four key amendments to the Income Tax Act, effective FY26. These cover sovereign fund exemptions, block assessment reforms, correction of a standard deduction error, and tax parity for the Unified Pension Scheme with the National Pension System

India and Singapore are expanding cooperation in semiconductors, green infrastructure, digital integration, and maritime connectivity. The Third India–Singapore Ministerial Roundtable aims to strengthen economic and strategic ties, building resilient supply chains and sustainable growth while boosting India’s access to ASEAN and Indo-Pacific markets

The Lok Sabha on Monday passed the Income-tax (No. 2) Bill, 2025, and the Taxation Laws (Amendment) Bill, 2025, without debate amid Opposition protests over electoral roll revisions in Bihar. Both bills were cleared by voice vote before adjournment

Finance Minister Nirmala Sitharaman introduced the revised Income Tax Bill, 2025, in the Lok Sabha, adopting 285 recommendations from a Parliamentary panel. The bill aims to simplify tax laws, benefit the middle class, and replace the decades-old 1961 Act

Finance Minister Nirmala Sitharaman told Parliament there is no proposal to restore the Old Pension Scheme for central government staff under NPS. Instead, the Unified Pension Scheme offers defined retirement benefits while ensuring fiscal sustainability. Household net financial position has improved

Union Finance Minister Nirmala Sitharaman visited Udupi Sri Krishna Matha, unveiling a traditional yali and urging unity, prayers, and service to the nation. She was conferred the title ‘Bharat Lakshmi’ and recalled blessings received during a difficult period in her life.

Finance Minister Nirmala Sitharaman held key meetings with leaders from Russia, China, Indonesia, and Brazil during BRICS in Rio. Discussions focused on global cooperation, financial reforms, digital payments, climate finance, and boosting voices of developing nations

Finance Minister Nirmala Sitharaman said free trade talks with the US and EU are progressing fast. India aims to hit USD 2 trillion in exports by 2030, backed by strong FDI, digital infrastructure, and record-high USD 825 billion exports in FY25

Chairing the 29th meeting of the Financial Stability and Development Council (FSDC) here, Finance Minister Nirmala Sitharaman emphasised that interest of common citizens to be kept in mind and expeditiously refund the claims of the rightful claimants