Tag: nirmala sitharaman
FM Sitharaman asks CBDT, CBIC to interact more with tax assessees
FM Nirmala Sitharaman : On Monday, Finance Minister Nirmala Sitharaman reprimanded officials from the CBDT (Central Board of Direct Taxes) and CBIC (Central Board of Indirect Taxes and Customs) for failing to respond to tax assessees’ complaints. In Bengaluru, during a meeting with industry. Sitharaman suggested that the two Board should hold meetings with industry every […]
Read moreFM Sitharaman: Taxing income doesn’t give cryptos legitimacy
Finance Minister Nirmala Sitharaman said that the government has the sovereign right to tax profits generated by cryptocurrency transactions, and that the decision on whether to ban or not to ban will be based on feedback from consultations. Replying to the general discussion on Union Budget, the FM Sitharaman said, “I am not going to legalise […]
Read moreGST council should consider rationalisation, bring petrol under GST, says FM Nirmala Sitharaman
GST council should consider rationalisation, bring petrol under GST, says FM Nirmala Sitharaman. Nirmala Sitharaman is the Union Finance Minister and former Defence Minister in Prime Minister Narendra Modi’s government. Also, she is also the chairperson of the GST Council. The Union Budget sets India in right direction where the government only facilitates businesses with minimum regulation, Union […]
Read moreFM Sitharaman announces Stimulus to boost Demand in the Economy: Highlights
Finance Minister Nirmala Sitharaman addressed a press conference on economic issues at National Media Centre, New Delhi. In the press conference, the FM announced a Rs 12,000 crore interest-free 50-year loan to states for spending on capital projects in a bid to boost the economy. She further announced a one-time Rs 10,000 interest-free festival advance to all its officers […]
Read moreFinance Minister launches instant allotment of e-PAN based on Aadhaar
The Finance Minister Nirmala Sitharaman has launched the facility for instant allotment of PAN (on near to real time basis). This facility was announced in the Union Budget 2020 by Finance Minister. Facility is available for those PAN applicants who: possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment […]
Read moreHighlights of Nirmala Sitharaman last part of economic package
Finance Minister Nirmala Sitharaman announced the fifth and last part of Centre’s Rs 20 lakh crore fiscal stimulus announced by Prime Minister. The first tranche included measures for small businesses, the second aimed at helping migrant workers and the third aimed at Agriculture, Farmers and Workers and the Fourth aimed at Structural Reforms. On 17th […]
Read moreNirmala Sitharaman Fourth part of Economic Package for Structural reforms in 8 sectors
On 16th may 2020, Finance Minister of India Nirmala Sitharaman announced the fourth part of economic package for the revival of Indian economy. Fourth part of Economic Package for Structural reforms in the following 8 sectors – Coal, Minerals, Defence production, Airspace management, Maintenance, repair and overhaul (MRO), Power distribution companies, Space sectors, Atomic energy […]
Read moreImportant Highlights of FM announcements for agriculture, hospitality and tourism
In continuation of Economic package announcement due to the spread of the COVID-19, Finance Minister (FM) Nirmala Sitharaman announced third part of package which provides special relief and credit support to agriculture, hospitality and tourism. Key highlights are as follows- 1. Important 11 measures initiatives includes: 11 booster shots for India’s farmers 8 relating to […]
Read more20 Major highlights – FM announcement of economic package for Small traders, worker, Self- employed people and farmers
Finance Minister Nirmala Sitharam announced second part of economic package on 14th May 2020 in the amidst of Corona virus. On 13th May 2020 FM Sitharaman Announced special relief and credit support to MSMEs. Today’s initiatives include a total of 9 measures: 3 related to Migrant workers 1 related to Street vendors Small traders Self- […]
Read moreFinance Minister Sitharaman major Announcements for special relief and credit support to economy
Honorable Prime Minister Shri Narendra Modi on 12th May, 2020 announced a Special Economic and Comprehensive Package of Rs 20 lakh Crores which is equivalent to 10% of India’s GDP. Finance Minister Nirmala Sitharaman detailed about the economic package on 12th May, 2020. Important Highlights of Finance Minister Economic Package are- 1. Rs 3 lakh […]
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