Page 6 - Latest Updates on Nirmala Sitharaman
GST compensation: Centre owes us Rs 2,409 crore, says West Bengal
Sitharaman in Parliament said GST compensation to states is given when the audited figures are provided but West Bengal has not submitted those since 2017
If needed, will allocate more for NREGA, says FM Nirmala Sitharaman
Sitharaman said the government chose the capital expenditure route to revive the economy because of its greater multiplier effect
 "If needed, will allocate more for NREGA, says FM Nirmala Sitharaman")
New tax regime to leave higher disposable income with people: Sitharaman
The Union Budget 2023-24, astutely balances the requirement for India's development imperatives within the limit of fiscal prudence, Finance Minister Nirmala Sitharaman tells Lok Sabha
 "New tax regime to leave higher disposable income with people: Sitharaman")
Debt talks in focus at G20 finance meet: FM Sitharaman tells IMF chief
Indian Finance Minister Nirmala Sitharaman and IMF's Kristalina Georgieva also discussed regulating crypto assets
 "Debt talks in focus at G20 finance meet: FM Sitharaman tells IMF chief")
Sitharaman objects to Kharge's remarks in RS, says insinuation against PM
Union Minister Piyush Goyal retorted to Kharge's remark and said Leader of Opposition was making an allegation that cannot be substantiated
 "Sitharaman objects to Kharge's remarks in RS, says insinuation against PM")
Vivad se Vishwas-II scheme looks to settle financial disputes only
Centre notifies the scheme; disputes with states govts, another pvt firm not covered
 "Vivad se Vishwas-II scheme looks to settle financial disputes only")
Growth, Budget and macro balances
The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short
 "Growth, Budget and macro balances")
Will get fitment panel to look into 28% GST for cement: FM Sitharaman
Urges industry to ensure its output is compliant with sustainable development goals, says this is crucial for negotiating non-tariff barriers arising out of environmental concerns around the world
 "Will get fitment panel to look into 28% GST for cement: FM Sitharaman")
Over 10,000 MSMEs shut down in 2022-23, highest in past four years
FM Sitharaman revamped the credit guarantee scheme for MSMEs to enable an additional collateral-free guaranteed credit of Rs 2 trillion
 "Over 10,000 MSMEs shut down in 2022-23, highest in past four years")
Signs of a weakening public sector
States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern
 "Signs of a weakening public sector")
What explains Indian public sector enterprises' anaemic capex record?
Instead of public sector enterprises making capex decisions, they have declared dividends in the last few years. The capex decisions have therefore been abrogated to itself by the Centre
 "What explains Indian public sector enterprises' anaemic capex record?")
Adani row: Congress holds protests in MP, seeks FM Sitharaman's resignation
Congress staged protests across Madhya Pradesh for a joint parliamentary committee (JPC) probe into allegations of stock manipulation against Adani Group and demanded resignation of Nirmala Sitharaman
 "Adani row: Congress holds protests in MP, seeks FM Sitharaman's resignation")
New Delhi to meet fiscal target in coming year, capex a longer shot
A key government objective is to bring the deficit down to 4.5% of GDP by 2025/26. Respondents were evenly split on whether it would succeed
 "New Delhi to meet fiscal target in coming year, capex a longer shot")
Union Budget 2023: Middle-class thrust that largely sidelines the poor
Most of the schemes announced are designed for those who have reasonable accumulated income or savings and not for a large majority of the people in the informal sector, who simply don't have that
 "Union Budget 2023: Middle-class thrust that largely sidelines the poor")
IRDAI should set up a committee to review its regulations: Experts
In line with Nirmala Sitharaman's budget announcement, the Insurance Regulatory and Development Authority of India (IRDAI) should set a committee of its own to review its various regulations
 "IRDAI should set up a committee to review its regulations: Experts")
Sebi, RBI should keep mkt stable, Adani rout company specific issue: FM
She said banks and insurance companies are "not overexposed" to any one company and assured that Indian markets are very well managed by its regulators
India's macro fundamentals unaffected by Adani FPO withdrawal: Sitharaman
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday said India's macro fundamentals and economic image are not affected by the Adani's withdrawal of its Rs 20,000 cr FPO
Budget's focus is growth; Mumbai should be liking proposals: FM Sitharaman
She gave credit for ensuring growth to the people of the country, who absorbed the relief and policy measures introduced by the government since the onset of the pandemic
Sitharaman to begin post-budget outreach in Mumbai, meet business leaders
Finance Minister will travel to more cities, explain what the budget contains for various stakeholders
Indian financial markets remain well-regulated: FM Nirmala Sitharaman
FM says banking system at comfortable level as bad loans hit new lows
 "Indian financial markets remain well-regulated: FM Nirmala Sitharaman")
