Page 30 - Latest Updates on Nirmala Sitharaman
GST on daily use items: FM says decision taken with all states onboard
Nirmala Sitharaman said states levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage
 "GST on daily use items: FM says decision taken with all states onboard")
Few states have sought extension of GST compensation for 5 years: FM
GST Council has recommended extending the period of levy of GST Compensation cess beyond June 2022 to cover the entire shortfall as well as servicing the back-to-back loan released to states
 "Few states have sought extension of GST compensation for 5 years: FM")
Rupee depreciates by 25% since Dec 2014 due to global factors: FM
The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data.
 "Rupee depreciates by 25% since Dec 2014 due to global factors: FM")
Covid-hit FM Sitharaman casts her vote for Presidential election in PPE kit
Official sources said she contracted Covid-19 during her Indonesia visit and is taking precautions not to infect others
 "Covid-hit FM Sitharaman casts her vote for Presidential election in PPE kit")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Pre-packed, labelled cereals, pulses, flour over 25kg exempt from 5% GST
Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy
 "Pre-packed, labelled cereals, pulses, flour over 25kg exempt from 5% GST")
Nationalisation, consolidation and privatisation
Merely bringing down the government stake below 51 per cent may not find any taker for the PSBs. Is the government ready to give up its powers?
IMA urges FM Sitharaman to grant GST exemption to healthcare services
Indian Medical Association (IMA) on Saturday wrote a letter to Union Finance Minister Nirmala Sitharaman requesting to grant exemption in Goods and Services Tax (GST) for healthcare services.
 "IMA urges FM Sitharaman to grant GST exemption to healthcare services")
Delhi grain markets remain closed as traders protest GST on packed food
Wholesale grain markets at Narela, Bawana and other parts of the city wore a deserted look due to the market bandh called by traders. Many retail grain markets in the city were also closed.
 "Delhi grain markets remain closed as traders protest GST on packed food")
Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more
PSU giant Life Insurance Corporation of India (LIC) has released some key data points. Its embedded value (EV) for 2021-22 has worked out to be Rs 5.41 trillion
 "Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more")
Let India export foodgrains from public stock: FM Sitharaman at G20
Says India could help in reducing hunger or food insecurity
 "Let India export foodgrains from public stock: FM Sitharaman at G20")
India's growth prospects embedded in public capex programmes: Sitharaman
Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes
G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets
Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out
Automatic exchange of info should also cover assets like crypto: FM at G20
Finance minister Nirmala Sitharaman on Thursday said G20 should examine the feasibility of bringing non-financial assets like crypto in the ambit of exchange of information among nations
Need blended finance, private capital leveraging to achieve SDG: Sitharaman
Sitharaman was speaking at the Sustainable Finance for Climate Transition roundtable in Bali, Indonesia, which is hosting the third G20 Finance Ministers and Central Bank Governors (FMCBG)
Pointed attack on inflation to continue, says FM Nirmala Sitharaman
The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact
Govt's targeted steps minimised impact of inflation-led prices on poor: FM
Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
