FM says govt making efforts to bring inflation below 7%
India remains fastest growing economy in assessment of global agencies, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the ruling NDA has brought in a fundamental change at the Centre under the leadership of Prime Minister Modi through its developmental schemes
The leaders have deleted the tweets but have said they will respond to the summons and fight the case in court
Centre's capex outlay may touch 20 per cent of full-year target in Q1 at Rs 1.5 trillion
Kerala Finance Minister K N Balagopal has written to Nirmala Sitharaman asking her not to include borrowings of state entities while fixing their debt limits
Fears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated
Global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for the weakening of the Indian Rupee against the US Dollar
Kerala FM K N Balagopal has requested Nirmala Sitharaman to exclude balances in the public account of the states and borrowings by entities run by them while determining their net borrowing capacity
On questions on money deposited in Swiss banks by Indians, Sitharaman said: "There is no official estimate of amount of money deposited by Indian citizens and companies in Swiss banks".
Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman
Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings.
The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud
Committed to fiscal deficit targets for FY23: Economic Affairs Secretary Ajay Seth
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
Congress denounced Finance Minister Nirmala Sitharaman for defending the hike in GST rates and questioned the timing saying its "cruel" to hike the rates when CPI is over 7 per cent
Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually
The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise
Prices of major essential commodities are monitored by the government on a regular basis and corrective action is taken from time to time, she said
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