Nirmala Sitharaman | The Asian Age

Saturday, May 04, 2024 | Last Update : 02:15 PM IST

Nirmala Sitharaman Page-17

Finance Minister Nirmala Sitharaman addressing 'Cooperative Group Housing Society Maha Sammelan'. (Photo: ANI)

Delhi government should work in sync with Centre: Finance Minister

Sitharaman underlined that the Cente will work closely with the housing societies in Delhi to iron out the issues faced by them.

14 Jul 2019 6:32 PM

The penal provision is expected to be applicable from September 1 this year after amendments to relevant laws and the subsequent issuance of a notification. (Photo: PTI)

Government to impose Rs 10,000 as penalty for misquoting Aadhaar number

Currently, over 120 crore Aadhaar numbers have been issued in the country and about 41 crore PAN numbers have been generated.

14 Jul 2019 12:21 PM

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

Media gag an early warning

In a sign of unease, Friday night's dinner did not have the numbers that Ms Sitharaman’s highly respected predecessor Arun Jaitley, attracted.

14 Jul 2019 12:01 AM

Nirmala loses fans in media, WC frustrates ubernationals

It is learned that Mr Jaitley is also unhappy with the proposal to raise duties on newsprint and levy higher taxes on the super rich.

14 Jul 2019 12:00 AM

Why India needs more ‘professional pessimists’

It is the wretchedness of these very lives that the Budget 2019-2020 was supposed to address.

13 Jul 2019 5:01 AM

Nirmala Sitharaman defends Union Budget, terms it realistic

Sitharaman said inflation has not been allowed to raise its head and keeping it under control is “a powerful tool to gauge” achievement of the govt.

13 Jul 2019 12:49 AM

The budget plan “seems to have inadvertently” pulled foreign portfolio investors (FPI) into the tax net and must be clarified by the government, said K R Sekar, a partner at Deloitte Touche Tohmatsu India LLP.

USD 42 billion erased off Indian share markets as misgivings on tax linger

Global and non-resident investors make investments in India via so-called association of persons (AOP) and non-corporate trusts.

12 Jul 2019 3:40 PM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Nirmala Sitharaman says tax targets 'absolutely' achievable: report

India expects to rake in 24.6 trillion rupees (USD 358.97 billion) in gross tax revenue in 2019-20.

12 Jul 2019 12:07 PM

Participating in the debate on the Budget, the former finance minister said the country's economy is weak and requires bold steps to take it forward on fast growth track, which Prime Minister Narendra Modi should take. (Photo: ANI)

'Economy is weak, needs bold, structural reforms,' says Chidambaram

He termed Sitharaman's speech as 'insipid' and said budget does not have any steps to propel investment and savings.

11 Jul 2019 3:53 PM

Every number in my Budget is authentic: Nirmala Sitharaman

While the Budget presented on July 5 projected a nominal GDP growth of 12% for financial year 2019-20, the Economic Survey pegged this figure at 11%.

11 Jul 2019 6:25 AM

Experts said surcharge on capital gain on companies is lesser and, therefore, these FPIs could choose to come as a company, if they wanted to pay a lesser surcharge. (Photo: Representational)

FPIs can opt for corporate route to avail lower tax surcharge: CBDT chief

FPIs get covered by higher tax rate as they have been investing as a non-corporate entity such as trust or association of persons.

10 Jul 2019 6:10 PM

Finance Minister referred to the government setting fiscal deficit target of 3.3 per cent from an earlier 3.4 per cent and said there should be no anxiety. (Photo: ANI)

Govt committed to fiscal consolidation, boost investment in social sector: Sitharaman

She said that the amount of money spent on central government schemes was higher two years after the implementation of GST.

10 Jul 2019 4:45 PM

Tharoor had express unhappiness over the government's decision to hike fuel prices. (Photo: ANI)

FM Nirmala Sitharaman to reply to Budget debate in Parliament

Congress leaders Shashi Tharoor and Adhir Ranjan Chowdhury have called the Budget disappointing.

10 Jul 2019 10:38 AM

Speaking on the concerns of the foreign portfolio investors on the increased surcharge on income tax, K V Subramanian said, "Stock markets often take some time to see some of the bigger messages. I would urge the market participants to look thorough long-term impacts and factor that in."

Govt to take into account risks associated with sovereign bonds: CEA

There is a need to manage the risks associated with overseas sovereign borrowings, said CEA K V Subramanian.

09 Jul 2019 7:45 PM

To encourage digital payments, Sitharaman had also announced to levy 2 per cent TDS on cash withdrawal of more than Rs 1 crore in an year from a bank account. (Photo: Representational | ANI)

PCI says abolishing MDR charges to dry up investment capital, kill revenue source

PCI said digital payments in India have received quite high interest from various investors, both domestic and international.

09 Jul 2019 6:25 PM

Now, for the first time, the government is noting the very, very soft interest rates in overseas markets. So, why would we not do that (borrow from overseas), said Dinesh Kanabar, Chief Executive of the Mumbai-based Dhruva Advisors LLP. (Photo: Representational)

India likely to raise funds from interest-soft overseas markets

Until now, all the government debt has been rupee funded with interest rates of 6-6.25 per cent.

09 Jul 2019 3:31 PM

This was the first meeting of the BJP Parliamentary Party after the presentation of the Union Budget, which the Prime Minister hailed as "one of hope" that would boost India's development in the 21st century and empower the downtrodden. (Photo: ANI)

PM Modi address first BJP Parliamentary Party meeting after Union Budget

Finance Minister Nirmala Sitharaman was also felicitated for presenting the Union Budget.

09 Jul 2019 11:17 AM

Secondly, all through the sharp rise of the equity mutual fund AUM during 2016-18, we saw a challenge in the equity market where valuations were getting stretched simply due to lack of availability of supply of more investment opportunities.

Mutual funds get a helping hand from FM

Fund managers had no choice but to keep buying same shares at higher levels simply because more money was being brought into mutual funds.

09 Jul 2019 3:32 AM

Budget impact: Investor wealth down by Rs 5 lakh crore

In the two sessions of Friday and Monday, the BSE market capitalisation plummeted by Rs 5,61,772.64 crore.

09 Jul 2019 3:03 AM

Aadhaar and PAN would be made interchangeable as announced by Finance Minister Nirmala Sitharaman on Friday.

5 key changes in annual income tax assessment in Budget 2019

Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.

08 Jul 2019 8:32 PM

17 of 46

Columns

Shobhaa De