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A video of Finance Minister Nirmala Sitharaman’s conversation – with the owner of the popular Sree Annapoorna Hotel chain in Coimbatore – landed the BJP’s Tamil Nadu chief, K Annamalai, in a spot of bother Friday as he admitted to an “unintended breach of privacy” by sharing the clip online. In a post on X…
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The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on…
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Union Finance Minister Nirmala Sitharaman (File). New Delhi: Finance Minister on Tuesday joined the government’s pushback against the Congress’s “government of U-turns” jibe over the Unified Pension Scheme, or UPS, proposal. “We are not a government of U-turns… we give flexible, choice-driven governance,” she shot back. The Finance Minister criticised the Congress for failing to…
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Union Finance Minister Nirmala Sitharaman. File | Photo Credit: K. Murali Kumar Finance Minister Nirmala Sitharaman on Wednesday (August 21, 2024) asked tax officers to use simpler words in notices or letters they sent to taxpayers and exercise power bestowed upon them judiciously. Addressing the 165th Income Tax Day celebrations, Ms. Sitharaman said that after…
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Union Finance Minister Nirmala Sitharaman addresses the officers of the Income Tax department from Madhya Pradesh and Chhattisgarh region, in Bhopal. | Photo Credit: ANI Union Finance Minister Nirmala Sitharaman said on Tuesday that she wished she could bring down the taxes in the country to “almost nil” but India’s challenges are severe and they…
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (August 10, 2024) asked banks to come up with innovative and attractive schemes to mobilise deposits. Addressing the media after the board meeting of the Reserve Bank of India, she said that deposits and lending are the two wheels…
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Finance Minister Nirmala Sitharaman will move the Banking Laws (Amendment) Bill in the Lok Sabha New Delhi: Union Finance Minister Nirmala Sitharaman will today move the Banking Laws (Amendment) Bill in the Lok Sabha, which seeks to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, the State Bank of India…
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Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on August 8, 2024. Photo: Sansad TV via PTI The Union government has nothing to do with imposing the goods and services tax (GST) on health insurance premiums, Finance Minister Nirmala Sitharaman insisted in the Rajya Sabha on Thursday (August 8, 2024), maintaining that the issue…
The Lower House later approved the Finance Bill with 45 official amendments. (File) New Delhi: The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old…
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Finance Minister Nirmala Sitharaman replies to the debate on the Finance Bill in the Lok Sabha on August 7, 2024. Photo: SansadTV via ANI The Finance Bill 2024 was passed in the Lok Sabha on Wednesday (August 7, 2024) with an amendment relaxing the recently introduced new capital gains tax on real estate. It allows…