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New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that reducing the country’s debt-to-GDP ratio will be the “core focus” for the government in the next financial year (2026-27). Speaking at a media event here, Sitharaman stressed that it is crucial to bring down the debt-to-GDP ratio, which crossed 60 per cent during the Covid…
New Delhi: Union Minister Jyotiraditya Scindia on Thursday had a detailed discussion with Finance Minister Nirmala Sitharaman and senior ministry officials, exploring strategies to accelerate digital infrastructure development and regional connectivity. The discussions centred around the capex priorities for Department of Telecommunications (DoT), the Ministry of Development of Northeastern Region and India Post Office. “Had…
New Delhi: The Goods and Services Tax (GST) is now making its presence felt in every corner of daily life, Union Finance Minister Nirmala Sitharaman said on Sunday. Speaking at an event in Chennai, she highlighted how the impact of recent GST reforms can be seen “from the moment people wake up to when they…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that trade talks with the US is progressing well. Her comment comes ahead of the US President Donald Trump’s country-specific tariffs scheduled to take effect from August 1. During a book release programme in the national capital, FM Sitharaman said the trade talks with both US…
New Delhi: The use of simplified language in the new Income Tax Bill, 2025 marks a significant shift in making the provisions easier to understand, reducing the potential for misinterpretation and enhancing taxpayer-centricity and compliance, according to Finance Minister Nirmala Sitharaman. Urging the I-T Department to accelerate disposal of disputed tax demands pending before faceless…
With: Finance Minister Nirmala Sitharaman on Sunday visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and local entrepreneurs of the Ladakh region. She interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. The Finance Minister appreciated the entrepreneurial spirit…
New Delhi: Several groundbreaking financial inclusion schemes by the Prime Minister Narendra Modi-led government have revolutionised welfare delivery in India in the last 11 years, by plugging leakages and ensuring transparency, Finance Minister Nirmala Sitharaman said on Thursday. Over the past decade, the NDA government has taken pathbreaking steps to uplift several people from the…
Jaisalmer: From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council recommended exemption of GST on contributions by general insurance companies…
Jaisalmer: No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, on issues such as rate rationalisation and the determination of tax rates on insurance premiums.During the press conference, Union Finance Minister Nirmala Sitharaman shared the key decisions taken by the GST Council and provided clarity on several…
Bengaluru: The government has set the target for all scheduled commercial banks and NBFCs to provide additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25). The banks and NBFCs should aim at total credit growth of Rs 5.75 lakh crore, Rs. 6.21 lakh crore and Rs 7 lakh crore to…