Tag: Nirmala Sitharaman

GST Council clears “track and trace” mechanism, cigarettes and pan masala likely first targets

Economy
Cigarettes are expected to be among the first products brought under a "track and trace mechanism" aimed at curbing tax evasion, following amendments...

GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more – top announcements

Business
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST...

GST Council ups tax on sale of used cars; says rate on popcorn depends on flavor

Economy
The 55th goods and services tax (GST) council meeting is underway in Jaisalmer, where several key decisions are being taken including clarification tax...

Lower Q2 growth a temporary blip, no production slump: Nirmala Sitharaman

Economy
The economy will expand at a healthy pace in the coming quarters, finance minister Nirmala Sitharaman said, terming the growth deceleration in the...

Govt may consider addressing inverted duty structure for certain aluminium goods in Budget

Economy
The government is likely to consider addressing the issue of inverted duty structure for certain products in sectors like aluminium in the forthcoming...

Outgoing RBI governor Shaktikanta Das leaves a lasting legacy

Business
Asked if he plans to return to public office after stepping down from the RBI, Das said: “I will think about it.”...

5.4% GDP growth doesn’t indicate systemic slowdown: Nirmala Sitharaman

Business
Finance minister Nirmala Sitharaman (File photo) NEW DELHI: Asserting that September quarter growth numbers do not indicate a systemic slowdown, finance minister...

Budget 2025: FM Nirmala Sitharaman to start pre-Budget consultation with various stakeholders from December 6

Economy
Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent...

GST evasion cases in Gujarat: Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrested

Economy
Central tax officers have booked 12,803 cases of GST evasion and arrested 101 persons during the past four financial years in Gujarat, Finance...

Finance minister Sitharaman: Brand India as responsible capitalist

Business
BENGALURU: Finance minister Nirmala Sitharaman said India should position itself as a nation practising responsible capitalism. "We need to understand that...

Work begins on credit index for MSMEs to boost funding

Economy
New Delhi: The government has begun discussions with stakeholders, including banks and regulators, to develop a 'Creditworthiness Index' as part of its push...

India may cut import taxes if desi companies are not hurt, FM Sitharaman says

Economy
India’s Finance Minister Nirmala Sitharaman has said the country could consider easing some import taxes, as long as these changes in duties do...
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