Tag: Nirmala Sitharaman

India needs big, world-class banks: Nirmala Sitharaman

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India needs big, world-class banks: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman addresses the 12th SBI Banking and Economics Conclave 2025, in Mumbai, on November 6, 2025. Picture: X/@nsitharamanoffc Finance minister Nirmala Sitharaman on Thursday (November 6, 2025) asked banks to adhere to system driven lending practices and learn from the past so that financial discipline is not threatened. “We have many self-reliant…

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Business

GST rate cut benefits reaching consumers, government monitoring prices of 54 items

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GST rate cut benefits reaching consumers, government monitoring prices of 54 items

Union Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi on October 18, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (October 18, 2025) said the benefits of GST reforms are reaching consumers in the form of reduced prices. Addressing a press conference on GST Bachat Utsav, she said the…

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Business

Financial assets worth ₹1.84 lakh crore lying unclaimed with banks, regulators: Nirmala Sitharaman

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Financial assets worth ₹1.84 lakh crore lying unclaimed with banks, regulators: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman along with other dignitaries during the launch of the Nationwide Awareness Campaign of Unclaimed Financial Assets, in Gandhinagar on Saturday (October 4, 2025). | Photo Credit: ANI Union Finance Minister Nirmala Sitharaman on Saturday (October 4, 2025) said financial assets worth ₹1.84 lakh crore were lying unclaimed with banks and…

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Business

MSMEs to be hit by 18% GST for job work

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MSMEs to be hit by 18% GST for job work

Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…

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Business

Textile industry hails revision of GST rates

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Textile industry hails revision of GST rates

The increase of the 5% limit for garments from ₹1,000 each to ₹2,500 is a positive move, said the Cloth Manufacturers Association of India (CMAI).  File | Photo Credit: The Hindu The textile industry, which welcomed the revision of GST rates for the textile value chain in both manmade fibre and cotton sectors, expressed disappointment…

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Business

GST Revamp: Who benefits? Full item-wise roundup

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GST Revamp: Who benefits? Full item-wise roundup

Finance Minister Nirmala Sitharaman on Wednesday (September 3, 2025) unveiled tax cuts for hundreds of consumer items – from soap to cars – in the biggest overhaul of the Goods and Services Tax (GST), set to take effect from September 22. Briefing reporters after a marathon daylong GST Council meeting, Ms. Sitharaman said all decisions…

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Business

FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals

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FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals

Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance of the Centre’s proposed reforms to the GST system, including the rate rationalisation efforts. The…

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Business

Lok Sabha passes two tax Bills without debate; Rijiju slams Opposition over disruptions

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Lok Sabha passes two tax Bills without debate; Rijiju slams Opposition over disruptions

Opposition Members protest in the Lok Sabha on August 11, 2025. Photo: Sansad TV via PTI As the Opposition members continued their protest, the Lok Sabha on Monday (August 11, 2025) passed the two crucial Bills pertaining to taxation without any debate. Union Finance Minister Nirmala Sitharaman introduced the Income-Tax (No 2) Bill and the…

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Nirmala Sitharaman, Other BJP Leaders Take Holy Dip At Sangam

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Nirmala Sitharaman, Other BJP Leaders Take Holy Dip At Sangam

Prayagraj: Prominent political leaders, including Union Finance Minister Nirmala Sitharaman, BJP MP Tejasvi Surya and Union minister Ram Mohan Naidu visited the Maha Kumbh on Wednesday and took a holy dip at the Sangam, officials said. Ms Sitharaman, who was accompanied by her family members, described the experience as a “profound moment” in the Sanatan…

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Nation

Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

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Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo Credit: PTI Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act…

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