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"nirmala-sitharaman"

  • Four amendments to Income Tax Act to apply from FY26

    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, Singapore cement ties with strategic, economic push amid global uncertainties

    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
  • Amid protests, Lok Sabha passes two key tax bills

    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 tables revised Income Tax Bill to simplify rules, boost fairness

    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
  • No proposal to restore Old Pension Scheme for central government employees: FM

    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
  • Nirmala Sitharaman visits Udupi Sri Krishna Math

    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.
  • FM Nirmala Sitharaman discusses issues of bilateral cooperation with Russian, Chinese counterparts

    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
  • Trade agreement with US, EU to be concluded soon: Finance Minister Sitharaman

    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
  • FM Nirmala Sitharaman asks regulators to expedite refund on unclaimed deposits, streamline KYC

    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
  • India embraces cashless revolution in last 11 years: Nirmala Sitharaman

    In the last 11 years, India has seen a remarkable journey under the leadership of Prime Minister Narendra Modi, the finance minister said on a post on X.
  • FM Nirmala Sitharaman says India now has 1.76 lakh registered startups, 118 unicorns

    The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns, thus fueling youth entrepreneurship: Finance Minister Nirmala Sitharaman
  • RBI to raise gold loan-to-value ratio to 85 per cent for small borrowers of up to Rs 2.5 lakh

    The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs one lakh, borrowers can get up to Rs 85,000 as a loan, up from Rs 75,000
  • FM Nirmala Sitharaman to review economy at FSDC meeting on June 10

    Finance Minister Nirmala Sitharaman is set to review the state of the economy amid global uncertainties at a meeting of the Financial Stability and Development Council (FSDC) on June 10
  • Sitharaman urges DRI to boost coordination with state agencies to nab masterminds

    FM Nirmala Sitharaman asked the DRI officers to investigate "holistically," keeping the big picture in focus and not merely chasing "isolated infractions"
  • Providing service to taxpayers is duty of tax officials: FM Nirmala Sitharaman

    Sitharaman highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with “transparency and integrity”
  • FM Nirmala Sitharaman to meet representatives of industry on GST reforms

    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
  • Operation Sindoor is a strong response by India’s armed forces: FM Sitharaman

    "#OperationSindoor is a strong response by @adgpi, hitting at the terror hubs in Pakistan. India shall never tolerate terrorism," Sitharaman posted on X
  • Centralised KYC system in works: Tuhin Kanta Pandey

    The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions
  • FM Nirmala Sitharaman invites global IT CEOs to explore opportunities in India

    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
  • Nirmala Sitharaman to visit London on April 8 for key talks on bilateral investment treaty, FTA

    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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