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Latest Articles in nirmala sitharaman

Sitharaman To Launch National Monetisation Pipeline On Aug 23

The government views asset monetisation as a strategy for the augmentation and maintenance of infrastructure, and not just a funding mechanism.

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Finance Minister To Meet PSB Heads; First Physical Review Meet Since COVID Outbreak

Sitharaman said that the Union Government is all set to do anything that is needed to revive and support the Coronavirus pandemic hit economy, hence this meeting is considered to be crucial.

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Waiting For Cabinet Approval, Says FM Nirmala Sitharaman On Bill On Cryptocurrency

Meanwhile, the RBI has concerns on the cryptocurrencies traded in the market and has conveyed the same to the government.

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FM Remains Non-committal On Excise Duty Cut On Petrol, Diesel; Oil Bonds By UPA Limit Scope

Sitharaman, who had raised excise duty on petrol and diesel to record high to shore up revenue collections last year, said the interest on oil bonds paid in the last seven years totalled Rs 70,195.72 crore.

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'Lot Of Officials' Talking On Vodafone Idea Stress, Nothing Has Come To Me: FM

She did not mention whether the talks were between government officials or the lenders were talking to Vodafone Idea.

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India Recovery Not Yet At Point For Pulling Back Liquidity: FM Sitharaman

India's inflation has been above the RBI's tolerance band of 6% for the last two months, which prompted the central bank to raise its inflation forecast even as it held its key rates at record lows earlier this month.

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Govt Mobilises Rs 31,290 Cr From Sovereign Gold Bond Scheme: FM

Replying to another question, Sitharaman said the total debt burden of the government during 2020-21 stood at Rs 1,19,53,758 crore (provisional) or 60.5 per cent of GDP (Rs 1,97,45,670 crore).

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Bill To Nullify Retro Tax To Boost Investors' Confidence, Says Revenue Secy

The Indian government has lost two separate arbitrations brought by Cairn Energy Plc and Vodafone Group against the levy of retrospective taxes.

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Govt Sanctioned Prosecution In 366 Cases Related To CSR Norms Violations: Sitharaman

The minister also said CSR provisions mentioned under Section 135 of the Companies Act, 2013 are not applicable to public sector banks.

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I-T Portal Issues To Be Resolved Soon, Says FM

The new income tax e-filing portal 'www.incometax.gov.in' had a bumpy start from the day of its launch on June 7 as it continued to face tech glitches.

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Finmin Invites Entries For New DFI's Name, Logo

The ministry had carried out a similar exercise for choosing the name for the flagship financial inclusion programme of the government -- 'Pradhan Mantri Jan Dhan Yojna' -- in 2014.

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No Of Wilful Defaulters Rises To 2,494: FM

RBI has further apprises that the total number of unique wilful defaulters reported by PSBs was 2,017 as on March 31, 2019, 2,208 as on March 31, 2020 and 2,494 as on March 31, 2021

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No Plan To Print Currency Notes To Tide Over Crisis: FM Nirmala Sitharaman

"The fundamentals of the economy remain strong as gradual scaling back of lockdowns, along with the astute support of Atmanirbhar Bharat Mission has placed the economy firmly on the path of recovery from the second half of FY 2020-21," she said.

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Infosys Acknowledged Technical Issues In I-T Portal, Initial Glitches Mitigated: FinMin

This prompted Finance Minister Nirmala Sitharaman to call a meeting on June 22 with officials of Infosys -- who developed the portal-- to review the issues.

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Wide-Ranging Reforms Make India Attractive Destination For Investment: FM

India has vibrant and pulsating financial markets, enormous investments opportunity in infrastructure sector and R&D

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