MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at The…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a “seamless, export-friendly” economy.A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning…
NEW DELHI: IMF has said that India appears to be on course for sustained growth in the medium-term on the back of multiple factors but underlined the need for crucial structural reforms, including in judiciary, tariffs, labour regulation, along with a stable regulatory regime.The latest review based on the annual consultation has also called for…
New Income Tax Bill: Largely, there are no changes to the definition of residency or even salary related provisions for that matter. By Parizad SirwallaNew Income Tax Bill 2025: Representing a historic milestone in India’s tax landscape, Hon. Finance Minister – Madam Nirmala Sitharaman has presented the Income Tax Bill, 2025 (Bill) in the Parliament…
Last Updated:February 18, 2025, 15:51 IST Benchmark equity indices BSE Sensex and Nifty50 were flat with marginal gains at open on Tuesday. Stock Market Today Sensex Today: Benchmark equity indices remained range-bound with a slight negative bias on Tuesday, mirroring trends from global markets. The BSE Sensex dropped to a low of 75,531 but ultimately…
Last Updated:February 18, 2025, 09:49 IST Finance Minister Nirmala Sitharaman addressed the recent outflows in India’s equity markets; Here’s what she said Finance Minister Nirmala Sitharaman speaks at a post-Budget interaction with stakeholders from India Inc in Mumbai. Finance Minister Nirmala Sitharaman addressed the recent outflows in India’s equity markets, attributing them to the strong…
MUMBAI: Seeking to assuage concerns over foreign institutional investors (FII) selling Indian equities lately, finance minister Nirmala Sitharaman on Monday attributed the action to profit booking.Speaking to reporters in the financial capital, Sitharaman said the Indian economy is one where the investors are bagging better returns which leads to profit booking. “FIIs also go out…
MUMBAI: The Centre is considering raising the insurance cover for bank deposits from the current limit of Rs 5 lakh, a senior finance ministry said on Monday.Three days after the New India Co-operative Bank was placed under moratorium by the RBI for irregularities, department of financial services secretary M Nagaraju said a proposal for higher…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday dismissed concerns over the recent sell-off by foreign institutional investors (FIIs) in Indian equities, attributing it to profit booking.She claimed that investors are making strong returns in India, which naturally leads to periodic profit-taking.“FIIs also go out when they are able to or in a position to…
New Delhi: Finance minister Nirmala Sitharaman dismissed concerns over any rise in Goods and Services Tax (GST) rates, claiming that not even one item has seen an increase since the introduction of the GST regime.Speaking during question hour in the Rajya Sabha on Tuesday, she highlighted that the GST rates have instead been reduced, bringing…
