June 24, 2024, 01:07 AM - 2 mins read
Andhra Pradesh, led by the Telugu Desam Party, requested a substantial financial grant of Rs 15,000 crore for the development of its capital, Amaravati.While Kerala appealed for a special package amounting to Rs 24,000 crore to address liquidity issues exacerbated by recent economic pressures.
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June 23, 2024, 10:43 PM - 2 mins read
The GST Council at its 53rd meeting decided to roll out pan-India Aadhaar-based biometric authentication to check fake invoicing used to fraudulently claim input tax credit (ITC) by unscrupulous elements, Finance Minister Nirmala Sitharaman said.
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June 22, 2024, 07:41 PM - 3 mins read
This session marks the first GST Council meeting since October 2023, and precedes the forthcoming full Union budget expected next month. The Council's decisions aim to ease the tax burden on individuals and businesses, targeting sectors such as railways, education, agriculture, and housing. Key exemptions and tax reductions were introduced to support these areas, along with measures to enhance compliance and curb tax evasion.
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June 13, 2024, 12:28 AM - 2 mins read
According to sources, the second part of the session will begin with the presentation of the Economic Survey for Fiscal Year 2023-24, followed by the full Budget for FY25. Although specific details about the upcoming Budget remain undisclosed, it is expected to outline the utilization of the Reserve Bank of India's dividend of ₹2.11 trillion.
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June 10, 2024, 08:51 AM - 3 mins read
Finance Minister Nirmala Sitharaman is poised to unveil the economic agenda for Modi 3.0, focusing on accelerating reforms to propel India towards becoming a USD 5-trillion economy and achieving the vision of 'Viksit Bharat' by 2047.
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June 10, 2024, 08:46 AM - 6 mins read
Prime Minister Narendra Modi will oversee several key portfolios in his third term, including the Ministry of Personnel, Public Grievances and Pensions, Department of Atomic Energy, Department of Space, and all other portfolios not allocated to any minister.
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June 10, 2024, 07:28 AM - 6 mins read
The BJP has retained control of the crucial 'Big 4' ministries - Finance, External Affairs, Defence, and Home.
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June 9, 2024, 02:53 AM - 3 mins read
According to sources familiar with the development, prominent leaders such as Amit Shah, Rajnath Singh, Nirmala Sitharaman, and S. Jaishankar, who managed the Home, Defence, Finance, and External Affairs ministries respectively, will continue in their roles.
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May 31, 2024, 01:41 AM - 2 mins read
Finance minister Nirmala Sitharaman on Friday said the Modi government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than Rs 10 lakh crore from bad loans between 2014 and 2023.
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May 27, 2024, 01:50 AM - 3 mins read
Finance Minister Nirmala Sitharaman said the Modi government has reshaped the Union budget in the last 10 years from a mere record of expenditures to a strategic blueprint for equitable distribution, aiming to maximise the value of taxpayers' money.
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May 17, 2024, 01:58 AM - 3 mins read
"Manufacturing must increase, India must also increase manufacturing with the help of policies, its share in manufacturing in global value chains. So we need to have greater sophistication in our product manufacturing, and we also need to see how this can be given the best policy support," said the Union Minister.
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May 13, 2024, 11:58 PM - 2 mins read
Sitharaman raised concerns over comparisons made solely on absolute numbers without considering the GDP growth, which forms the basis of debt calculations. "Many times absolute numbers have been compared without considering the GDP growth on which the debt calculations are based," she stated.
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