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"nirmala-sitharaman"

  • Finance Minister Sitharaman to visit UK and Austria to boost financial collaborations, bilateral ties

    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
  • Tamil Nadu gets major chunk of projects under PLI scheme in Electronics, Automobile: FM

    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
  • Goods and Services Tax rates to be reduced further: FM Nirmala Sitharaman

    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
  • New Income Tax Bill serious threat to digital privacy: KT Rama Rao

    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
  • 100 per cent tariffs consistent with WTO norms: Nirmala Sitharaman

    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
  • KT Rama Rao raises alarm over Centre’s new Income Tax Act posing threat to digital privacy

    "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
  • BRS condemns Nirmala Sitharaman’s remarks against Telangana

    Demand that the Union Minister withdraw her remarks and focus on fulfilling commitments to the State
  • Key details of the New Income Tax Bill, Deets here

    New I-T Bill, likely to be tabled in Parliament on February 13, will have 536 sections and do away with ‘previous year’ concept
  • Union Cabinet clears new I-T Bill, to be introduced in Parliament next week

    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
  • RBI cuts policy rate by 25 bps to 6.25 per cent

    The rate cut comes for the first time in nearly five years after the last rate reduction in May 2020
  • Congress cadre burn effigies of Prime Minister, Finance Minister after raw deal in Budget

    BJP MPs and two Union ministers from Telangana failed to get justifiable allocations in the Union Budget, says Patlolla Sanjeeva Reddy
  • Govt may introduce new income tax Bill on Feb 6

    Draft Bill likely to provide directions to widen tax net, given the contraction in tax base following the new exemption limits, say sources
  • Budget 2025-26: 3 CoEs to help India position itself as a global powerhouse in AI

    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
  • Union Budget bets big on emerging technology, startups

    Nirmala Sitharaman announces national framework for GCCs, Rs 500-crore CoE for AI, new 'fund of funds' for startups
  • Union Budget: Defence gets Rs 6.81 lakh crore; 9.53% increase over current fiscal

    Rs 1,80,000 crore set aside for armed forces for capital expenditure that includes purchasing weapons, aircraft, warships
  • Union Budget 2025-26 triggers memefest; Memers have field day!

    While some expressed joy over Sitharaman’s announcement that individuals earning up to Rs. 12 lakh annually would be exempt from paying income tax under the new tax regime, others went all out, terming it the “Bihar Budget 2025-26.”
  • Energy transition high on agenda, gets Rs 20,000 cr in Union Budget

    Finance Minister Nirmala Sitharaman announces Nuclear Energy Mission for Viksit Bharat for the development of at least 100 GW of nuclear energy by 2047
  • Harish Rao ridicules Union Budget 2025-26, calls it betrayal of Telangana

    He criticised Union Finance Minister Nirmala Sitharaman for presenting a budget that caters to select States, questioning the BJP's idea of Vikasit Bharat (Developed India)
  • Union Budget 2025-26: What’s cheaper, and what’s costlier

    Imported life saving drugs, medicines to cost less ; knitted fabrics, Smart meter turn costlier
  • Budget 2025-26: Gross tax revenues to grow 11 per cent at Rs 42.70 lakh crore

    Personal income tax is projected at Rs 12.57 lakh crore, while corporate tax is at Rs 9.80 lakh crore in the current fiscal
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