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FM Nirmala Sitharaman News

03 Dec 2024

Good News For Saving Account Holders; Soon, You Can Add Four Nominees - Read

Banking Laws (Amendment) Bill, 2024: It seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day of every month instead of the second and fourth Fridays.

18 Nov 2024

GST Council To Discuss Tax Relief For Insurance On Dec 21

GST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.

10 Nov 2024

No MSME Will Be Left Behind In PM Modi’s Government: FM Nirmala Sitharaman

The MSME sector has continued to play a pivotal role in driving economic growth, employment, and entrepreneurship across the nation.

04 Nov 2024

FM Nirmala Sitharaman Apprised About Review Of Income Tax Act By Top Officials

The Revenue Secretary informed the Union Finance Minister that 22 specialised sub-committees have been established to review the various aspects of the Income Tax Act.

26 Oct 2024

Govt Should Prioritise Review Of Income Tax Act: SBI Research

The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.

20 Oct 2024

GoM Proposes To Raise GST 0n Luxury Shoes, Watches, Aims Revenue Boost

The GoM members also decided to lower tax rates on 20-litre packaged drinking water bottles and bicycles to 5 per cent from 18 per cent.

19 Oct 2024

FM Nirmala Sitharaman Invites Mexican Investment In GIFT-IFSC

FM Nirmala Sitharaman urged private sector leaders from both nations to drive forward this growing partnership, particularly in sectors like pharmaceuticals, MedTech, and digital innovation, to strengthen the economic ties between India and Mexico.

nirmala sitharaman protest

01 Oct 2024

Congress protests outside Nirmala Sitharaman's House

22 Sep 2024

GST 2.0 Will Further Ease Tax Compliances And Boost Economic Growth

The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws to foster further economic growth.

New Pension scheme

16 Sep 2024

No More Worrying About Your Kid's Future: Government Coming Up With NPS

NPS 'Vatsalya' offers flexible contributions and investment options, allowing parents to make an investment of Rs 1,000 annually in the name of the child, thus making it accessible to families from all economic backgrounds.

FM Nirmala Sitharaman

14 Sep 2024

FM Nirmala Sitharaman Highlights Expanding US Investments In India

Finance Minister Sitharaman also emphasized the broad-based and multi-sectoral cooperation between India and the US, noting that recent reforms and the country's evolving investment climate have created a conducive environment for growth.

13 Sep 2024

Rahul Gandhi Slams Modi Govt Over Restaurant Owner's Apology To FM

Rahul Gandhi slammed the government over a video in which a restaurant chain owner is purportedly 'apologising' to Finance Minister Nirmala Sitharaman for voicing concerns about GST.

GST Council meet

09 Sep 2024

Medical Insurance To Be Exempted Under GST? FM Nirmala Sitharaman Says THIS

Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have requested Finance Minister Sitharaman to reduce GST on medical insurance and premiums.

FM Nirmala Sitharaman

19 Aug 2024

FM Nirmala Sitharaman Urges PSBs To Boost Deposits, Reviews Fraud Risks

The PSU banks' net profit has crossed Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 lakh crore.

FM Nirmala Sitharaman

18 Aug 2024

FM Sitharaman To Meet PSU Banks, RRBs Heads For Performance Review On Aug 19

The review meeting will also focus on several critical areas. Finance Minister along with other participants will review deposit growth, the credit-to-deposit ratio, and asset quality, which are vital indicators of the banks' health.

30 Jul 2024

EaseMyTrip To Hire 500 Employees Under One Crore Internship Scheme

FM Nirmala Sitharaman announced in the Budget speech that the Centre will launch a scheme for internship opportunities for the youth in the top 500 companies of India as part of the Union Budget 2024-25.

30 Jul 2024

Budget 2024: Govt Increases Allocations For All Social Sectors

In the education, employment, and skilling sector, earlier in 2013-14, Rs 85,000 crore was allocated; now it is Rs 1.48 lakh crore, which is 23 percent more allocation than last year, Rs 28,000 crore more than last year.

27 Jul 2024

Attention Salaried Taxpayers: Want To Save 100 Percent On Your Income Tax?

Content creator Shrinidhi Hande, an analyst and travel blogger from Udupi, Karnataka, posted the satirical video "how to save income tax" on Instagram following the Union Budget presentation on July 23.

23 Jul 2024

Budget 2024: How FM Sitharaman's Angel Tax Abolition Benefits Investors?

In September last year, the Income Tax Department notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors.

23 Jul 2024

Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised

Budget 2024: Long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent instead of 10.0 per cent.

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