Tag: Finance Minister
India may let foreign investors raise capital in rupees to invest overseas, source says
NEW DELHI: India may allow certain foreign investors to raise capital in rupees for investments in select countries, a government official said, in a move…
Inter-ministerial group to draw up MSME scheme
NEW DELHI: The government has set up an inter-ministerial group to firm up the contours of the credit guarantee scheme for micro, small and medium…
Income-tax enforcement must be used as last step: FM Nirmala Sitharaman
NEW DELHI: Enforcement measures should only be used as a last resort by tax officers, finance minister Nirmala Sitharaman said Wednesday. She also laid emphasis…
Wish I could lower taxes to almost ‘Nil’, but India’s challenges are severe
Finance Minister Nirmala Sitharaman expressed her wish to lower taxes to “almost nil”, but acknowledged India’s severe challenges. She made these remarks while addressing students…
Wish I could bring down taxes to nil, says Nirmala Sitharaman: ‘Not troubling people’
Aug 14, 2024 07:18 AM IST Finance minister Nirmala Sitharaman said that her job as the finance minister was generating revenue and not troubling people….
FM Nirmala Sitharaman defends tax regime, calls on academics to apply for more patents
Finance minister Nirmala Sitharaman on Tuesday defended the extant taxation regime, highlighting that the pressure of meeting several challenges and compelling spending requirements, including for…
India taxation: Govt needs money to meet challenges, fund R&D, says Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday justified the present taxation regime, saying that the country needs resources to meet the challenges facing the nation…
Taxpayers alert! ITR processing time reduced to 10 days from 93 days
Aug 13, 2024 02:41 PM IST The average time taken to process income tax returns (ITR) has decreased from 93 days in 2013 to 10…
Newly proposed nomination rule for bank lockers and deposits, check details
Finance Minister Nirmala Sitharaman has introduced the Banking Laws (Amendment) Bill, 2024, which includes a new proposal, allowing an increase in the allowed number of…
Nirmala Sitharaman on LTCG amendment: ‘We have courage to change’
Aug 08, 2024 07:33 AM IST Nirmala Sitharaman told Lok Sabha, “Without drastically increasing taxes, we have brought in a simplified taxation regime and eased…