Page 16 - Latest Updates on Nirmala Sitharaman
Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period
CPSEs are likely to achieve their target as they tend to rush up their spending in March quarter
 "Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period")
FM to present statement on demands for grants for current fiscal in LS
She will also present a statement showing excess demands for grants for 2019-20 in the Lower House
 "FM to present statement on demands for grants for current fiscal in LS")
FM Sitharaman, Kamala Harris among Forbes' 100 most powerful women
Union Finance Minister Nirmala Sitharaman and US Vice President Kamala Harris are among Forbes' 19th annual list of 'World's 100 Most Powerful Women' of 2022
Find gold import and smuggling link, says FM Nirmala Sitharaman
The remarks came against the backdrop of a substantial quantity of gold seized between April last year and March this year
 "Find gold import and smuggling link, says FM Nirmala Sitharaman")
Ahead of budget, economists demand increase in social security pension
Ahead of the Union Budget, 51 eminent economists have written to Finance Minister Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits
 "Ahead of budget, economists demand increase in social security pension")
Go after big fish, nab global mafia in drug trafficking cases: Sitharaman
Finance Minister Sitharaman on Monday asked enforcement agencies to go after 'big fish' and nab those global mafia who control the operation of sending 'mountains' of illegal drugs into the country
India seized 833 kg gold worth Rs 405 cr in FY22, highest from Myanmar
The highest amount of gold seized was of Myanmar origin, marking a significant shift from 2019-20, when the majority of it was from West Asia
 "India seized 833 kg gold worth Rs 405 cr in FY22, highest from Myanmar")
FinMin rejects provision for tax benefits to SEZs under DESH Bill
Says proposed incentives would "create havoc" for units outside the zones
 "FinMin rejects provision for tax benefits to SEZs under DESH Bill")
Nirmala Sitharaman to address revenue intelligence officers on Monday
Finance Minister Nirmala Sitharaman will on Monday address Revenue Intelligence officers at the DRI foundation day event in the national capital
RSS leaders urge Centre to restore old pension scheme, raise import duty
The demand was made during Union Finance Minister Nirmala Sitharaman's meeting with RSS leaders that took place between Nov 21 and Nov 29
 "RSS leaders urge Centre to restore old pension scheme, raise import duty")
Just when things look…: Beware the surprise that catches you unprepared
As the system emerges from the Covid trauma and India shifts its sights to long-term targets, attention must turn to the underlying weaknesses that may scupper ambitious aspirations, writes T N Ninan
Private consumption edges up in Q2; infra investment almost flat
PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago
 "Private consumption edges up in Q2; infra investment almost flat")
FM Nirmala Sitharaman confident of strong growth, low inflation in 2023
Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."
Budget 2023: How the finance ministry can kill many birds with one stone
The govt should shift all welfare spending into the capital spending account and call it an investment in social capital
Why do states want a bigger share of GST?
Finance ministers of some states have demanded a 10 percentage point jump in their share of revenue from GST collections. What is behind this demand? What will be its impact if implemented?
 "Why do states want a bigger share of GST?")
Budget 2023-24 should clear confusion over options for personal income tax
From 2020-21 onwards, the Budget gave an option of a lower personal income tax regime to those earning up to Rs 15 lakh, provided they forgo some exemptions
 "Budget 2023-24 should clear confusion over options for personal income tax")
Cut in tax, schemes to generate jobs among demands in pre-Budget meet
Sitharaman held eight rounds of discussions starting with India Inc on November 21 and ending with a round of consultation with economists on Monday
Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman
The Finance Ministry was also urged to continue with long term loans to states to support their capex programs, and give them more leeway to spend, in order to boost growth
 "Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman")
10 major trade unions boycott pre-budget meeting with Sitharaman
Ten major trade unions of the country, including the AITUC, INTUC, and AIUTUC among others, boycotted their pre-budget consultations with Union Finance Minister citing lack of proper time given
Going truly federal: Why states should be allowed to levy an income tax
We need to ask why, in India, income tax is levied only by the Centre while in many other federations, the constituent units also levy it
