Nirmala Sitharaman | The Asian Age

Monday, May 20, 2024 | Last Update : 01:09 AM IST

Nirmala Sitharaman Page-16

Centre's proposal to slash GST rates to 5 per cent from 12 per cent on e-vehicles.

GST Council meet to decide on slashing tax rate for e-vehicles postponed

GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.

26 Jul 2019 8:54 AM

Recent order by FM stipulates journalists, irrespective of their accreditation with the Press Information Bureau, could meet officials in North Block only after securing prior appointment. (Photo: File)

Editors Guild delegation meets Sitharaman to discuss recent FM's order

At the meeting, the Finance Minister agreed to meet a group of senior finance ministry correspondents along with Guild's representatives.

23 Jul 2019 2:55 PM

The government was of the blocks on day one and set the ball rolling on manifesto promises such as pension schemes for farmers, small traders and unorganised workers, the extension of PM-KISAN to all farmers, and setting up of a Jal Shakti Ministry. (Representational image)

Modi govt 2.0 sets sights on making India USD 5 trillion economy

Government spelt out its key priorities in the budget which was focused for making India a USD 5 trillion economy.

21 Jul 2019 5:10 PM

High-end phones that are getting sold in the grey market are estimated to cause a loss of Rs 2,500 crore annually on account of non-payment of basic customs duty (BCD) and also goods and services tax, said ICEA Chairman Pankaj Mohindroo.

Grey market sales of high-end phones causing revenue loss of Rs 2,500 cr: ICEA

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

21 Jul 2019 3:37 PM

"There is no Hindi imposition," the Union Minister reiterated. (Photo: File)

Centre will not impose Hindi in Tamil Nadu: Sitharaman

As part of the Centre's 'EK Bharat Shreshta Bharat' scheme, efforts have been made to popularise Tamil in northern states of the country.

20 Jul 2019 3:47 PM

Photo are for representational purpose only

Electric Vehicle: The Road Ahead

The electric-vehicle push over the past few years have also led to the emergence of various startups and service providers.

20 Jul 2019 8:01 AM

The bill was introduced by Finance Minister Nirmala Sitharaman amid noisy protests by Congress members over the ongoing political crisis in Karnataka. (Photo: File)

Bill to check ponzi schemes in Lok Sabha

The Banning of Unregulated Deposit Schemes Bill, 2019 will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019.

19 Jul 2019 3:32 PM

Fadnavis is expected to embark on a month-long Vikas Yatra, commencing from August 1 to underscore the achievements of the government and interact directly with people. (Photo: File)

Fadnavis to start Maharashtra poll campaign with rath yatra

Aditya Thackeray, the son of Shiv Sena chief Uddhav Thackeray also launched his 'Jan Ashirvad Yatra’ on Friday.

19 Jul 2019 3:07 PM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Finance Minister seeks to allay fears on surcharge on super rich

RBI has opened an indirect liquidity window to aid banks to give funds to the sector, which is facing a severe liquidity crisis.

19 Jul 2019 1:27 PM

The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.

Cash withdrawal from multiple accounts to be aggregated for levying 2 pc TDS

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

19 Jul 2019 9:38 AM

Former president Pranab Mukherjee said that the foundations of modern India were laid by its founders who firmly believed in a planned economy, as opposed to today, when the Planning Commission has been disbanded. (Photo: File)

It’s not coming out of heaven: Pranab Mukherjee on USD 5 trillion economy

He was speaking at an event at the Mavalankar Hall, Constitution Club of India in the national capital on Thursday.

19 Jul 2019 8:58 AM

Dell Technologies has announced the findings of its Women Entrepreneur Cities (WE Cities) Index.

Herculean hurdles

Even though the Captial improved in indicators over the past two years, it still indicates difficulties for women in Delhi to conduct businesses.

19 Jul 2019 2:38 AM

Finance Minister Nirmala Sitharaman (Photo: File0

Direct Tax Code report by July 31

Sitharaman said that the aim was to reform the complex Income Tax laws into simpler tax codes with reduced rates, fewer exemptions and tax slabs.

19 Jul 2019 12:54 AM

The minister said GST alone has five amendments to bring about ease of compliance by the MSME sector and promote digital payments. (Photo: ANI)

Seven laws related to indirect taxation being amended through Finance bill: FM

The laws being amended include the Customs Act, Customs Tariff Act, GST Act and Finance Act of 2002 and 2018.

18 Jul 2019 6:18 PM

The AISAM panel would be meeting soon, most probably after the conclusion of the ongoing Parliament session on July 26. (Representational Image)

Amit Shah to head ministerial panel on Air India sale

The AISAM has been reconstituted. It is now a four- member panel, against five members earlier, said a source.

18 Jul 2019 3:54 PM

The changes would ensure that indirect taxation-related matter would have greater simplicity and be effective, said Finance Minister Nirmala Sitharaman.

7 indirect tax-related laws being amended: FM Sitharaman

The government would also be bringing changes to seven laws related to direct taxes.

18 Jul 2019 3:00 PM

BSNL and MTNL have also approached the government for granting voluntary retirement scheme package to their employees.

Group of Ministers discusses revival of BSNL, MTNL

This is the second time a GoM has been constituted for revival of the two ailing public sector firms.

17 Jul 2019 9:16 AM

NPAs of scheduled commercial banks (SCBs), after reaching a peak of Rs 10,36,187 crore as on March 31, 2018, have declined by Rs 1,02,562 crore to Rs 9,33,625 crore as on March 31.

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

16 Jul 2019 4:08 PM

Tax rate of someone earning 20 million rupees up to 39 per cent, and for those earning more than 50 million rupees the rate climbs to at least 42.7 per cent.

Will India's tax on the rich hit foreign investment inflows?

Investors are threatening to pull funds from India unless rules are amended so that they won’t take a tax hit.

16 Jul 2019 9:15 AM

Hyundai, second biggest car maker, which launched its first full-electric Kona SUV last week at Rs 25.30 lakh pan India showroom, could become cheaper by Rs 1.40 lakh.

Kona SUV to be cheaper on GST cut

Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

16 Jul 2019 2:00 AM

16 of 46

Columns

Anita Anand