Finance Minister Nirmala Sitharaman will move the Competition (Amendment) Bill, 2022 in the Lok Sabha for consideration and passing.
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)
Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance Minister Nirmala Sitharaman told the Lok Sabha in a written reply
The Indian government has received about 54 foreign direct investment proposals from China since last year that are pending for approval, said Finance Minister Nirmala Sitharaman
Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns
Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level
Use the crisis to frame detailed crisis management strategies, FM to bankers
After detailed deliberations, the Finance Minister advised PSBs to remain vigilant about the interest rate risks and regularly undertake stress tests
The decision is part of the 64 amendments introduced through the Finance Bill 2023
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"The approach will be designed for adoption by both the central government and state governments," the finance minister said
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
STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route
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
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
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
Union Finance Minister Nirmala Sitharaman on Friday, will move the Finance Bill 2023, to give effect to the financial proposals of the central government
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
These discussions will focus on India's development priorities, the World Bank, and global economic development challenges, the Treasury said in a statement
About 60 per cent of banks' investment book is in the HTM portfolio, analysts at Macquarie Research wrote