Government asserts constant action is being taken on willful defaulters

December 5, 2023 2:23 PM

Government asserts constant action is being taken on willful defaulters

<span style="color: #222222;">The government today asserted that the constant action is being taken on willful defaulters by the investigating agencies and banks are also working to get money back from them. Replying to supplementaries in the Rajya Sabha, Union Finance Minister Nirmala Sitharaman said around 34 thousand crore rupees have been recovered till March this year.&nbsp; She added that assets amounting to over &nbsp;15,186 crore rupees have been confiscated by th...

Government asserts constant action is being taken on willful defaulters

December 5, 2023 2:23 PM

Government asserts constant action is being taken on willful defaulters

<span style="color: #222222;">The government today asserted that the constant action is being taken on willful defaulters by the investigating agencies and banks are also working to get money back from them. Replying to supplementaries in the Rajya Sabha, Union Finance Minister Nirmala Sitharaman said around 34 thousand crore rupees have been recovered till March this year.&nbsp; She added that assets amounting to over &nbsp;15,186 crore rupees have been confiscated by th...

FM Sitharaman meets European Commission’s Executive Vice-President Valdis Dombrovskis in New Delhi

August 26, 2023 5:47 PM

FM Sitharaman meets European Commission’s Executive Vice-President Valdis Dombrovskis in New Delhi

Union Finance Minister Nirmala Sitharaman met European Commission’s Executive Vice-President Valdis Dombrovskis in New Delhi on Saturday and discussed bilateral economic and financial issues of mutual interests. They also exchanged views on ongoing consultations for India-EU Investment Protection Agreement and India-EU Free Trade Agreement.   In a social media post, Ministry of Finance said that Ms Sitharaman also met United Kingdom Secretary of State for Business and Trade, Kemi Badenoch, ...

Gujarat: FM Nirmala Sitharaman emphasizes the need for optimal utilization of government's resources

August 21, 2023 8:24 PM

Gujarat: FM Nirmala Sitharaman emphasizes the need for optimal utilization of government's resources

Union Finance Minister Nirmala Sitharaman emphasized the need for optimal utilization of the vast resources of the government and mentoring of young generations to achieve the goal of developed India by 2047.   The Minister said this in her remarks at the Chintan Shivir of the Finance Ministry which began at Kevadiya in Gujarat today.   Akashvani's correspondent reports that the discussions held today were focused on various aspects of capacity-building in the areas of human resou...

Union Finance Minister Nirmala Sitharaman says government has put in place investor-friendly policy to promote foreign investment

August 7, 2023 1:39 PM

Union Finance Minister Nirmala Sitharaman says government has put in place investor-friendly policy to promote foreign investment

Union Finance Minister Nirmala Sitharaman said that the government has put in place an investor-friendly policy to promote foreign investment. In a reply in Lok Sabha, the Union Minister informed that except certain strategically important sectors , rest are open for 100 percent FDI under the automatic route. She said that to promote growth, various steps have been announced in the 2023-24 union budget including an increase in capital investment outlay. The Union minister mentioned that the gove...

Cancer-fighting drugs, medicines for rare diseases and food products for special medical purposes exempted from GST

July 12, 2023 7:47 AM

Cancer-fighting drugs, medicines for rare diseases and food products for special medical purposes exempted from GST

The GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from the GST regime. This was announced by Union Finance Minister Nirmala Sitharaman at a press conference after chairing the 50th GST Council meeting in New Delhi yesterday. Ms Sitharaman said, GST rates on uncooked, unfried extruded snack pallets have been brought down from 18 percent to 5 percent. The rates on fish soluble paste have been bright down to 5 pe...

FM Nirmala Sitharaman says climate change now hitting everyday life from different angles

April 15, 2023 1:26 PM

FM Nirmala Sitharaman says climate change now hitting everyday life from different angles

Union Finance Minister Nirmala Sitharaman said the climate change is now hitting everyday life from different angles. During a panel discussion at a World Bank-organised event in Washington yesterday, the Finance Minister said, India implements the LiFE agenda through repeated persuasion and repeatedly speaking by people who hold positions, by people who are responsible, by people who can really catch eyeballs.   Sitharaman added that more influential people need to talk about climate change. La...

FM Nirmala Sitharaman holds pre-Budget consultations with experts of social and services sectors

November 24, 2022 8:16 PM

FM Nirmala Sitharaman holds pre-Budget consultations with experts of social and services sectors

Finance Minister Nirmala Sitharaman today chaired sixth pre-Budget 2023 consultations with the experts of social sector including health, education, rural development, water and sanitation. The meeting was attended by Ministers of State for Finance, Pankaj Chaudhary and Dr Bhagwat Karad. It was also attended by Finance Secretary Dr. TV Somanathan, Chief Economic Advisor Dr Anantha Nageswaran and other senior officials. Earlier, the Finance Minister chaired fifth pre-Budget 2023 consultations wit...

FM Nirmala Sitharaman chairs third Pre-Budget 2023 consultation with agriculture experts and representatives

November 22, 2022 1:52 PM

FM Nirmala Sitharaman chairs third Pre-Budget 2023 consultation with agriculture experts and representatives

Union Finance Minister Nirmala Sitharaman chaired third Pre-Budget 2023 consultation with the experts of agriculture and representatives of Agro Processing industry in New Delhi today. The meeting was attended by Minister of State for Finance Pankaj Chaudhary, Finance Secretary Dr. TV Somanathan, Chief Economic Advisor Dr Anantha Nageswaran, and others. The Finance Minister will chair the fourth Pre-Budget 2023 consultation with the experts and representatives of financial sector and capital mar...

GST dues of two months worth Rs 78,000 crore for last FY will be disbursed soon to states, says Finance Minister Nirmala Sitharaman

May 9, 2022 8:25 AM

GST dues of two months worth Rs 78,000 crore for last FY will be disbursed soon to states, says Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said, the Centre has cleared the GST dues to the states up to January this year. Addressing the anniversary event of the political magazine Tuglak in Chennai last evening, she said, the remaining two months due worth 78 thousand crore rupees for the last financial year would be disbursed soon. She said when the GST collection in 2020 fell behind the expected level, 1.1 lakh crore rupees has been borrowed to give to the states, and 1.5 lakh crore rupees h...