NEW DELHI: Union finance minister Nirmala Sitharaman and World Bank president Ajay Banga held discussions on various topics during their meeting on the sidelines of the World Bank and IMF Annual Meetings 2024 in Washington, DC. The discussions focused on private capital participation in Global Public Goods, energy security, and reforms in Multilateral Development Banks…
NEW DELHI: New Delhi: GST Council, led by finance minister Nirmala Sitharaman, on Monday announced tax exemption for research funding for higher educational institutions and research centres established under central or state laws, as well as institutions that enjoy income tax exemption.At the meeting, the Centre proposed the change, which states accepted with West Bengal…
Calling tax on essential items ‘anti-people,’ West Bengal chief minister Mamata Banerjee urged the central government to remove the goods and services tax (GST) on life insurance and health insurance premiums. In a letter, addressed to Union finance minister Nirmala Sitharaman, Banerjee emphasized that the tx on essential items increases the financial burden on ordinary…
NEW DELHI: There is conspiracy to break this society into compartments behind asking questions about how many SC/ST or OBC officials are part of the halwa ceremony and the making of the Budget, finance minister Nirmala Sitharaman said in Lok Sabha on Tuesday during her reply on the 2024 Budget.Sitharaman was reacting to comments made…
NEW DELHI: After Finance Nirmala Sitharaman presented the Modi 3.0 budget on Tuesday, co founder of BharatPe Ashneer Grover weighed in on the Union Budget and labelled it as “boring, lifeless and meaningless”. The former panelist of Shark Tank India claiming that “another Ambani wedding function would be of more value,” insinuated that the Budget…
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said there has been no leniency in recovering bad loans, especially from large defaulters, and banks have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a “cesspool of bad loans, vested interests, corruption and mismanagement” during UPA regime.On the day…
NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…
