Page 2 - Latest Updates on Nirmala Sitharaman
FM moves amendment to Finance Bill in Parliament to correct STT rate
Finance minister Nirmala Sitharaman on Monday moved an amendment to the Finance Bill in Rajya Sabha to correct the figures with regard to rate of Security Transaction Tax (STT)
 "FM moves amendment to Finance Bill in Parliament to correct STT rate")
Finance minister asks public banks to take stress tests; what are these?
Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns
 "Finance minister asks public banks to take stress tests; what are these?")
Govt tells PSBs to monitor, make provision for companies' pledged shares
Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level
 "Govt tells PSBs to monitor, make provision for companies' pledged shares")
FM tells PSBs to diversify deposit, asset base amid global financial stress
Use the crisis to frame detailed crisis management strategies, FM to bankers
 "FM tells PSBs to diversify deposit, asset base amid global financial stress")
FM Sitharaman reviews PSBs' performance amid banking crisis in US, Europe
After detailed deliberations, the Finance Minister advised PSBs to remain vigilant about the interest rate risks and regularly undertake stress tests
 "FM Sitharaman reviews PSBs' performance amid banking crisis in US, Europe")
Finance Bill: Withholding tax on royalty and technical fee doubled to 20%
The decision is part of the 64 amendments introduced through the Finance Bill 2023
 "Finance Bill: Withholding tax on royalty and technical fee doubled to 20%")
Finance Secretary T V Somanathan to head panel on pension schemes: FM
"The approach will be designed for adoption by both the central government and state governments," the finance minister said
 "Finance Secretary T V Somanathan to head panel on pension schemes: FM")
Taxpayers with income over Rs 7 lakh to get relief under new tax regime
The government has brought in amendments to the Finance Bill 2023, which has given 'marginal relief' to those taxpayers with annual income a little over Rs 7 lakh
 "Taxpayers with income over Rs 7 lakh to get relief under new tax regime")
STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023
Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
 "STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023")
Lok Sabha passes Finance Bill with 64 official amendments with discussion
While moving the bill for passage and consideration, finance minister Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employee
 "Lok Sabha passes Finance Bill with 64 official amendments with discussion")
Finance Bill: Centre hikes STT on futures and options trading by up to 25%
STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route
 "Finance Bill: Centre hikes STT on futures and options trading by up to 25%")
Govt will set up a committee to review pension scheme: FM tells Parliament
Employees from several states have been demanding a change in the current pension system. Some states, including Rajasthan, Chhattisgarh, Jharkhand have already switched back to the old pension scheme
 "Govt will set up a committee to review pension scheme: FM tells Parliament")
Budget session: Nirmala Sitharman to move Finance Bill 2023 today
Union Finance Minister Nirmala Sitharaman on Friday, will move the Finance Bill 2023, to give effect to the financial proposals of the central government
 "Budget session: Nirmala Sitharman to move Finance Bill 2023 today")
Ajay Banga tests positive for Covid-19 during routine testing in Delhi
World Bank presidential nominee Ajay Banga has tested positive for Covid during routine testing in New Delhi where he was travelling on the last leg of his world tour, and is currently quarantining
LIVE: Fighting for voice of India, says Rahul Gandhi after losing MP status
Catch all the latest updates from across the globe here
 "LIVE: Fighting for voice of India, says Rahul Gandhi after losing MP status")
Finance ministry asks public sector banks to share bond portfolio data
About 60 per cent of banks' investment book is in the HTM portfolio, analysts at Macquarie Research wrote
 "Finance ministry asks public sector banks to share bond portfolio data")
FM Sitharaman to review PSBs performance Sat amid financial crisis in West
Regularly scheduled meeting could discuss banking troubles in the US and Europe
FM Nirmala Sitharaman likely to meet CEOs of PSU Banks on Saturday
Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks on March 25 for performance review in the backdrop of failure of few banks in the US
LIVE: Kejriwal supports Rahul, says it's conspiracy against non BJP leaders
Catch all the latest updates from across the globe here
US pick for World Bank, Ajay Banga to meet PM Modi, Sitharaman in India
These discussions will focus on India's development priorities, the World Bank, and global economic development challenges, the Treasury said in a statement
 "US pick for World Bank, Ajay Banga to meet PM Modi, Sitharaman in India")
