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Latest Articles in Finance Minister Nirmala Sitharaman

GST Compensation To States Delayed Due To Low Realisation Of Cess: FM

At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula.

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Budget 2020 Pegs Total Expenditure At Rs 30.42 Lakh Crore

Accordingly, receipts for the year beginning on April 1 are estimated at Rs 22.46 lakh crore.

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Cigarette And Tobacco Products To Cost More

Excise duty on cigarettes and tobacco products and custom duty on footwear and imported furniture has been increased.

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Govt Abolishes DDT, Pegs Revenue Loss At Rs 25,000 Crore

"The dividend will be taxed only in the hands of the recipients at their applicable rates," she said while presenting the Union Budget for 2020-21.

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Finance Commission To Set Up Expert Group To Work Out Modalities On Mod's Proposal To Levy 'Defence Cess'

The Finance Commission's report was tabled in Parliament on Saturday, at the same time as Finance Minister Nirmala Sitharaman presented the Union Budget.

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Defence Gets 6% Hike, Rs 1.1 Lakh Crore For Modernisation

For modernisation and buying new weapon systems, defence forces have been allocated Rs 1,10,734 crore which is Rs 10,340 more than what was provided in last year's budget.

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FM Proposes To Bring Out Policy To Enable Pvt Sector In Building Data Centre Parks

This will enable firms to incorporate data in every step of their value chains, added Finance Minister Nirmala Sitharaman.

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Will Make India Healthy And Wealthy In Coming Years: Rajnath Hails 'Promising, Proactive' Budget

The Defence Minister underlined that the Budget is not only investment-friendly but it will go a long way in doubling the farmers' income and unshackling the Indian industry.

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Centre Allocates Rs 30,757 Crore For J-K, Rs 5598 Crore For Ladakh

Finance Minister Nirmala Sitharaman made the allocations for the two union territories while presenting the union budget for the coming fiscal.

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Rs 6,400 Cr For Ayushman Bharat Yojna, Hospital In 100 More Districts: Sitharaman

"I propose Rs 69,000 crore to the healthcare sector, out of which Rs 6,400 crore will be for Ayushman Bharat Yojna," said Sitharaman while presenting the budget.

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Budget Provides Big Income Tax Relief For Individuals

"Under the new personal income tax regime, individual taxpayers to pay tax at a reduced rate of 10 per cent for income between Rs 5 lakh and 7.5 lakh against the current rate of 20 per cent," Sitharaman said while presenting the Budget.

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Govt Debt Down To 48.9% From 52.2%

"The government debt came down to 48.9 per cent from 52.2 per cent," she said.

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Rationalise Govt Intervention To Boost Economic Freedom, Wealth Creation

The Survey suggests that "the Act must be jettisoned in order to grant more economic freedom to the market and to facilitate the process of wealth creation in the economy."

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Indian Economic Slowdown Partly Because Of Global Economic Slump: CEA

You can the advanced economies, and emerging economies have all slowed down in 2019 as compared to the average for 2014 and 2018," Subramanian said.

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India Jumps 79 Notches In World Bank's Ease Of Doing Business Rankings, Lot More Needed: Economic Survey 2019-20

Although India has significantly reduced the time and cost of starting a business, a lot more needs to be done," says the Economic Survey.

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