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Searched Tag: union finance minister nirmala sitharaman

The finance ministers from Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana and West Bengal convened again in New Delhi on September 3 after their meeting last week to decide on how their revenues could be protected after the Council removes two tax slabs

GST 2.0: Non-BJP states discuss compensation for revenue losses

September 3, 2025, 01:09 PM - 5 min read

With the GST Council gathered to discuss a major GST structure reform agenda, the finance ministers of eight opposition-ruled states held a meeting on Wednesday to put forth their demand for compensation for the revenue loss that states will have to face as a result of the rejig

The budget for the current fiscal has projected a growth rate of 10.1 per cent in nominal terms, while the fiscal deficit is pegged at 4.4 per cent of the gross domestic product (GDP).

Finance ministry to begin budget-making exercise for next FY

September 2, 2025, 07:47 PM - 3 min read

The Ministry of Finance will start preparing the annual budget for 2026-27 from October 9, 2025, and address urgent issues of job creation, demand boosting, and taking steps to put the economy on track to achieve 8 per cent-plus growth

The GST Council, which is headed by Sitharaman, is due to meet on September 3 and 4 to discuss the new reforms, the announcement of which is being eagerly awaited

FM says GST 2.0 will bring economic transparency

September 2, 2025, 04:13 PM - 4 min read

The upcoming reforms in the country’s Goods and Services Tax (GST) structure, touted to be “next-generation”, would further reduce compliance burden on small businesses, said Union Finance Minister, Nirmala Sitharaman, on Tuesday

The GoMs on rate rationalisation, insurance taxation and compensation cess will next be engaged in deliberations over the next two days on the Centre’s proposal of removing the 12 per cent and 28 per cent tax slabs

FM meets GoMs to explain GST rejig

August 20, 2025, 04:46 PM - 3 min read

The Union Finance Minister, Nirmala Sitharaman, explained to the Group of Ministers (GoM) on Wednesday the necessities of restructuring the GST tax regime; GoM on GST rate rationalisation is scheduled to meet again on August 21

The Finance Ministry has called a meeting of the heads of public sector banks (PSBs) on August 20 to review their financial performance in the first quarter of this fiscal year

FinMin to meet PSB chiefs to review Q1 performance

August 19, 2025, 02:24 PM - 2 min read

The Finance Ministry has called a high-level meeting with the heads of public sector banks on August 20 to review their performance in the first quarter of 2025-26

The old Income Tax Act, 1961, which had undergone over 4,000 amendments in all these decades, was considered too long (containing over five lakh words) and too complex

I-T (No 2) Bill, 2025: What’s in it for the taxpayers?

August 12, 2025, 07:59 PM - 5 min read

To come into force from April 1, 2026, the Income Tax (No 2) Bill carries simpler language, clarifies deductions and empowers I-T officials to forcibly break into personal emails and social media accounts of assessees during search operations

Delhi to get Rs 600 cr under 'special assistance scheme'

July 18, 2025, 05:12 PM - 3 min read

In what is being as a big development for the sitting government, Delhi will receive Rs 600 crore from the Central government under a special assistance scheme for Union Territories. This was granted after Chief Minister Rekha Gupta's meeting with the Union Finance Minister Nirmala Sitaraman on Thrursday.

Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu during a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi.

CM urges Centre to increase Himachal's borrowing limit

July 15, 2025, 01:38 PM - 2 min read

Meets Union Finance Minister Nirmala Sitharaman in Delhi; seeks disaster relief.

Sibling Telugu states embroiled in bitter water war

July 13, 2025, 02:58 PM - 9 min read

With Naidu being at the helm again in AP, his government is keen on fast-tracking the Banakacherla project, but facing fierce resistance from Telangana.

Govt may cut GST rates on common goods soon

July 2, 2025, 12:27 PM - 4 min read

Sources indicate that the government is considering a major overhaul of GST slabs, which could reduce the tax burden on everyday essential items.

Finance Minister Nirmala Sitharaman met with Minister of Science and Technology, New Zealand, Dr. Shane Reti, during the International Business Summit

Clean energy, fintech dominate FM’s int. leadership summit talk

July 1, 2025, 04:17 PM - 3 min read

On the sidelines of the FFD4 Summit, being held until July 5, India’s Finance Minister Nirmala Sitharaman has held bilateral meetings with various global leaders to discuss cooperation in India’s growing fintech, defence, technology, education and agriculture sectors

Union Finance Minister Nirmala Sitharaman said she is hopeful of finalising trade deals with the US and EU before the deadline

Trade talks on track, Indian exporters thriving: FM

June 24, 2025, 04:38 PM - 2 min read

Despite the country’s exporters “swimming against the tide”, Finance Minister Nirmala Sitharaman is confident of India being on track to achieving its target of USD 2 trillion in exports by 2030