Health and education have never been called freebies: FM Sitharaman

Union Finance Minister Nirmala Sitharaman said on Thursday that health and education are the main principals of a welfare state and no government in India had ever denied them. Sitharaman’s comments came in the backdrop of the ongoing hearing in Supreme Court on the issue of populist schemes or ‘freebies’ and … Read more

No collapse, rupee taking its natural course, says FM Nirmala Sitharaman

Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tue­sday asserted there is no collapse of the unit and it is actually finding its natural course. Sitharaman informed the Rajya Sabha that the Reserve Bank of Indi (RBI) was continuously monitoring … Read more

States taxed items consumed by poor in pre-GST era: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said GST Council has not imposed any new levy on essential items consumed by the poor, though such products were taxed in one form or the other by almost all states in the pre-GST era. The minister, replying to a short-duration discussion on price rise in … Read more

NDA govt brought in fundamental change under PM Modi: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said the ruling NDA has brought in a fundamental change at the Centre under the leadership of Prime Minister Narendra Modi through its developmental schemes. Speaking at an event here, Sitharaman said India is on the progressive path even as several developed countries were under … Read more

Rupee has strengthened against British pound this year: FM Sitharaman

The Indian rupee has strengthened against the British Pound in 2022 though it has depreciated against the US dollar, Finance Minister Nirmala Sitharaman said on Tuesday. Global factors — such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions — are the major reasons … Read more

Don’t include borrowings of state entities in debt: Kerala FM to Sitharaman

Kerala Finance Minister K N Balagopal has requested Union Finance Minister Nirmala Sitharaman to exclude balances in the public account of the states and borrowings by entities run by them while determining their net borrowing capacity, as was the situation before August 2017, in view of the grave financial crisis the … Read more

nirmala sitharaman: Trust-based taxation system resulting in improved collections: FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings. In her message on the 163rd Income Tax Day, the finance minister complimented the department for achieving the highest-ever revenue collection of over Rs 14 lakh … Read more

Trust-based taxation system helping improve collections: FM Sitharaman

Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings. In her message on the 163rd Income Tax Day, the finance minister complimented the department for achieving the highest-ever revenue … Read more

No GST on food items when sold loose, clarifies FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by … Read more