Tag: Nirmala Sitharaman

Growfast
Posted in Economy

GST Council meet outcomes: GST rate cut on fortified rice kernels to 5%; no consensus on ATF and more

The 55th goods and services tax council meeting headed by Finance Minister Nirmala Sitharaman on Saturday announced exemption for payment aggregators who do less than…

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Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance Minister Nirmala Sitharaman at Vigyan Bhawan, in New Delhi. The Appointments Committee of the Cabinet has appointed Malhotra as the the new Governor of the Reserve Bank of India (RBI) for a three-year term beginning from December 12, 2024.(Shahbaz Khan/PTI)
Posted in Business

GST Council postpones decision to cut tax on life and health insurance

Dec 21, 2024 01:47 PM IST 18% GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The GST…

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Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI)
Posted in Business

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148…

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GST Council ups tax on sale of used cars; says rate on popcorn depends on flavour
Posted in Economy

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

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

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Funds devolved to states under 15th Finance Commission higher: Finance Minister
Posted in Economy

Funds devolved to states under 15th Finance Commission higher: Finance Minister

Funds devolved to states under the 15th Finance Commission (2021-2024) is more than what was devolved under the 14th Finance Commission (2015-20), finance minister Nirmala…

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Budget 2025: Nirmala Sitharaman holds meet with states; Punjab and Kerala seek special financial packages
Posted in Economy

Budget 2025: Nirmala Sitharaman holds meet with states; Punjab and Kerala seek special financial packages

During pre-Budget consulation sessions with Finance Minister Nirmala Sitharaman, Punjab and Kerala have requested for special financial packages among other demands by states, reported ETNow…

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Posted in Economy

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

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

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India must do more to tax its super-rich, France's Piketty says
Posted in Economy

India must do more to tax its super-rich, France’s Piketty says

India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. The writer…

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Inflation global challenge; restoring normalcy top priority: FM Nirmala Sitharaman
Posted in Economy

Inflation global challenge; restoring normalcy top priority: FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman said on Wednesday that restoring normalcy is a top priority for governments and industries worldwide for the next decade, as wars…

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Growfast
Posted in Economy

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

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

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