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Tag: Nirmala Sitharaman

‘His Line Was Breaking’: Anurag Thakur On WB Finance Minister Alleging Being Ignored At GST Council Meeting
Politics

‘His Line Was Breaking’: Anurag Thakur On WB Finance Minister Alleging Being Ignored At GST Council Meeting

New Delhi: Minister of State (MoS) in the Finance Ministry Anurag Thakur has presented clarification over the remarks of West Bengal Finance Minister Amit Mitra, who claimed that he was not allowed to speak at the end of the GST Council meeting on Saturday.In a series of tweets, Anurag Thakur on Saturday stated that in his experience as MoS in the last two years, he had not seen Union Finance Minister Nirmala Sitharaman cut off anyone during the GST Council meeting. "She has patiently given each and every speaker as much time as they needed, even if it meant that discussions went on for long hours," he wrote.ALSO READ | Bikaner To Become First City In India To Begin Door-To-Door Covid-19 Vaccination Drive; Know DetailsThe response came after Amit Mitra claimed that h...
Video | GST Council Cuts Rates On COVID Supplies, No Tax On Black Fungus Medicine
Culture

Video | GST Council Cuts Rates On COVID Supplies, No Tax On Black Fungus Medicine

Based on the recommendations of the group of ministers (GoM) - constituted to deliberate on the tax rates of COVID-related essential items, the GST Council today cut tax rates on most supplies and exempted the medicines for treating the black fungus infection off GST. The Council decided that tax cuts are valid till September 30, and can be extended further upon nearing the deadline. While most of the medicinal supplies got a tax cut, COVID vaccines will continue to attract a five per cent GST. Source link
West Bengal FM says his voice ‘muzzled’ in GST Council meet, dissent not heard | India News – Times of India
Politics

West Bengal FM says his voice ‘muzzled’ in GST Council meet, dissent not heard | India News – Times of India

NEW DELHI: West Bengal finance minister Amit Mitra on Saturday alleged that his voice was "muzzled" during the GST Council meeting on Saturday and his opposition to levy taxes on Covid essentials like vaccines, masks, PPE kits and anti-viral drug Remdesivir, was not heard. Minister of State for Finance Anurag Singh Thakur, however, countered Mitra's charges saying that technical glitches marred West Bengal finance minister speech. The 44th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman and comprising state ministers, on Saturday slashed tax rate on Covid drugs such as Remdesivir and Tocilizumab as well as on medical oxygen, and oxygen concentrators but ignored demands for a reduction in taxes on vaccines. In the evening, Mitra tweeted: "GoI-led the anti-people...
Video | GST Rate Cut For Most Covid Related Goods, Says Nirmala Sitharaman
Culture

Video | GST Rate Cut For Most Covid Related Goods, Says Nirmala Sitharaman

Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic, whose crippling effects on the economy has also hurt household finance, the constitutional body that decides rates for the GST has said. Source link
GST Council Meet Updates: No Tax On Black Fungus Drug, Other Covid Essentials, Says FM Sitharaman
Politics

GST Council Meet Updates: No Tax On Black Fungus Drug, Other Covid Essentials, Says FM Sitharaman

GST Council Meet Updates: Finance Minister Nirmala Sitharaman on Saturday chaired the 44th meeting of the Goods and Services Tax (GST) Council, which was expected to decide on tax relief for Covid-19 essentials and black fungus medicine.Attended by Minister of State for Finance Anurag Thakur, besides finance ministers of states and Union territories and senior officers from Union government and states, the 44th GST Council decided to bring down GST on electric furnaces and temperature checking equipment to 5 per cent. and on ambulances to 12 per cent. While addressing media after the meeting which took place in the national capital, Finance Minister Nirmala Sitharaman said that the reduced GST rates on electric furnaces, temperature checking equipment and ambulances ...
Free vaccine, food will cost govt Rs 1 lakh crore over budgeted outlay | India News – Times of India
Politics

Free vaccine, food will cost govt Rs 1 lakh crore over budgeted outlay | India News – Times of India

NEW DELHI: The Centre’s vaccine bill is expected to climb to Rs 45,000-50,000 crore, against the budgeted Rs 35,000 crore, as production of anti-Covid shots increases and the government takes on the task of procuring and supplying 75% of domestically made shots. In addition, it will spend around Rs 91,000 crore between May and November in supplying free food grains to more than 80 crore beneficiaries, instead of Rs 26,000 crore estimated for May and June. Put together, the Centre’s spending will rise by around 1.05 lakh crore over the budgeted figures. Although there are several variables on the cost of vaccines, including possible purchase from companies such as Pfizer as well as Biological E shots, government sources said that initial estimates point to an increase and assured that pr...
After New Tax Portal Goes Blank, Fin Min Sitharaman Asks Infosys To Not Let Down Taxpayers
Politics

After New Tax Portal Goes Blank, Fin Min Sitharaman Asks Infosys To Not Let Down Taxpayers

Delhi: Users face issues with the new tax e-filing portal 2.0 following which Union Finance Minister takes it to Twitter to ask IT giant Infosys and its co-founder Nandan Nilekani, to not let down the tax-payers. While tagging Infosys, she wrote on Twitter: “Ease in Compliance for the taxpayers should be our priority.”Union Finance Minister Nirmala Sitharaman took to Twitter: “The much-awaited e-filing portal 2.0 was launched last night 20:45hrs. I see in my TL grievances and glitches. I Hope @Infosys & @NandanNilekani will not let down our taxpayers in the quality of service being provided. Ease in compliance for the taxpayer should be our priority.”The much awaited e-filing portal 2.0 was launched last night 20:45hrs.I see in my TL grievances and glitches.Hope ...
GST Revenue Declines In May Due To Covid Restrictions, 65% Higher Compared To 2020: Finance Ministry
Politics

GST Revenue Declines In May Due To Covid Restrictions, 65% Higher Compared To 2020: Finance Ministry

New Delhi: The goods and services tax (GST) revenue collected in the month of May 2021 remained above Rs 1 lakh crore mark for the eighth consecutive month, indicating a downfall in impact of second wave of Coronavirus on the economy, the Union Finance Ministry said in an official statement on Saturday. According to the ministry, revenue collected in the form of GST stood at over Rs 1.02 lakh crore, 27 per cent lower than April 2021, but 65 per cent higher than May 2020 when the nation was under complete lockdown. ALSO READ | IT Rules: Govt Sends Final Notice To Twitter, Warns Of Consequences Over Non-Compliance"The gross GST revenue collected in the month of May 2021 is Rs 1,02,709 crore of which CGST is Rs 17,592 crore, SGST is Rs 22,653, IGST is Rs 53,199 crore (i...
Finance minister Nirmala Sitharaman tells PSUs to front-load capex | India News – Times of India
Politics

Finance minister Nirmala Sitharaman tells PSUs to front-load capex | India News – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Friday urged state-run companies in power and railway sectors as well as the two ministries to ensure that the capital expenditure plans laid out in the Budget are met, while underlining that this will critical for revitalising the economy. The government is banking on the large spendingled stimulus provided in the Budget to revive demand and boost economic activity, which has taken a beating due to the second wave of the coronavirus pandemic. It also came with instructions to clear the dues of micro, small and medium enterprises (MSMEs), which may be facing a liquidity crunch due to the lockdown across several states. “While reviewing the capital expenditure performance of the ministries and their CPSEs, the finance minister emphasised ...
Are Life Saving Medicines To Be Included In Lower GST Slabs? FM Sitharaman Speaks Out
Politics

Are Life Saving Medicines To Be Included In Lower GST Slabs? FM Sitharaman Speaks Out

With India facing its biggest economic hardship owing to the pandemic, finance minister Nirmala Sitharaman has been firefighting to keep the economy floating with several measures being announced since the outbreak.In a recent interview with Times of India, the finance minister opened up about a range of issues starting from the completion of four years of GST to issues around life-saving medicines and concentrators being put in the lowest bracket.READ: Zerodha's Nithin Kamath Clarifies On Rs 100-Cr Salary, 'Reported Figures Are Misinterpreted'On being asked about bringing the life-saving medicines and concentrators, which are solely required during an emergency under the lowest bracket, the FM stressed that the concessions have to be provided keeping in mind the cha...
GST Council meet: Maharashtra seeks Rs 24,000 crore compensation
Gaming

GST Council meet: Maharashtra seeks Rs 24,000 crore compensation

During the 43rd GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman, Deputy Chief Minister and Finance Minister Ajit Pawar on Friday asked the Centre to grant Rs 24,000 crore GST compensation. The Maharashtra government also sought tax relaxation for Covid-related medical equipment and drugs and a share from the cess collected by the Union government on fuel. The Deputy CM said that the total compensation payable to the state for 2020-21 is around Rs 46,000 crore. So far, the state has received around Rs 22,000 crore. Hence, for financial year 2020-21 compensation of around Rs 24,000 crore is pending. Considering the financial position of the state amid the Covid pandemic, balance compensation may be given immediately, he said. Pawar also said that the...
जीएसटी काउंसिल की बैठक: कोविड से जुड़ी छूट पर फैसला नहीं वीडियो – हिन्दी न्यूज़ वीडियो एनडीटीवी ख़बर
Culture

जीएसटी काउंसिल की बैठक: कोविड से जुड़ी छूट पर फैसला नहीं वीडियो – हिन्दी न्यूज़ वीडियो एनडीटीवी ख़बर

जीएसटी की कई घंटों तक चली मैराथन बैठक आखिरकार कोविड से जुड़ी चीजों पर बिना किसी नतीजे के समाप्त हो गई. अभी-अभी वित्त मंत्री निर्मला सीतारमण ने जीएसटी बैठक के फैसले की जानकारी दी है. इस बैठक में वैक्सीन, कोरोना सैंपल टेस्टिंग किट और महामारी से जुड़े ऑक्सीजन कंसेंट्रेटर जैसे अन्य सामानों पर GST पूरी तरह हटाने की मांग कई राज्यों ने रखी. विपक्षी राज्यों की ओर से यह आवाज उठाई गई, लेकिन बैठक में एकराय न बनने के कारण यह बेनतीजा रही. ऐसे में यह मामला मंत्रिसमूह को सौंप दिया गया है. 10 दिन बाद फिर जीएसटी काउंसिल की बैठक में इस पर आखिरी निर्णय हो सकता है. Source link ...
Centre Working On Stimulus Package For Worst Affected During Second Covid Wave: Report
Politics

Centre Working On Stimulus Package For Worst Affected During Second Covid Wave: Report

New Delhi: The Government is preparing a stimulus package for those who were worst hit by the second wave of Covid-19. Unlike the first wave in 2020, the cases surged rapidly and the measures were more locally taken. The Centre had put it upon the states government to decide the measure they want for thier state based on the requirement they felt was necessary. ALSO READ: 'Focus On Medicines' BJP Condemns Jharkhand CM's Announcement Of 'Free Shroud' For Covid-19 VictimsAccording to the Bloomberg article, the finance ministry is working on proposals to boost tourism, aviation and hospitality industries but along with small-to-medium enterprises, the news agency said.Since the discussion is at its early stages no timeline has been announced for the package, the report ...
PM Modi Chairs Meeting To Review Covid Situation, Stresses Need To Facilitate Vaccination Amid Covid Restrictions
Politics

PM Modi Chairs Meeting To Review Covid Situation, Stresses Need To Facilitate Vaccination Amid Covid Restrictions

New Delhi: PM Narendra Modi on Thursday chaired a comprehensive review meeting over the Covid-19 situation in the country where he sought a detailed outlook of the outbreak in various states.The Prime Minister was informed about the 12 states with over 1 lakh active cases and was also apprised about districts with high disease burden, PMO informed.Several union ministers including Rajnath Singh, Amit Shah, Nirmala Sitharaman, Dr Harsh Vardhan, Piyush Goyal, Mansukh Mandaviya and top officials were present in the meeting.ALSO READ | CM Arvind Kejriwal Thanks Centre As Delhi Receives 730 MT Of Oxygen, Says 'Will Not Let Anyone Die Due To Shortage'According to the statement by Prime Minister's Office, PM Narendra Modi was briefed about the ramping up of healthcare infra...
Need complete trust between industry, govt to sustain growth amid Covid situation: Sitharaman
Gaming

Need complete trust between industry, govt to sustain growth amid Covid situation: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said there should be complete trust between the industry and the government to sustain growth amid the COVID-19 situation. Sitharaman, addressing a seminar organised by the Merchants’ Chamber of Commerce & Industry in Kolkata, said the Centre has taken several steps to ensure that revival of the economy continues despite a raging second wave of the pandemic. “There should be complete trust both between the government and the industry and vice versa to sustain growth. There should not be disturbances in the continuity, which lead to mistrust or distrust,” she said. Speaking about West Bengal, the minister said industries in the state require “oxygen” along with a globalised approach to prosper. “Industries in the state need ...
Nirmala Sitharaman Attacks Kerala Minister Over 2018 Sabarimala Protests
Politics

Nirmala Sitharaman Attacks Kerala Minister Over 2018 Sabarimala Protests

Nirmala Sitharaman Attacks Kerala Minister Over 2018 Sabarimala Protests. (FILE)Kozhikode (Kerala): The BJP on Saturday continued to attack Kerala's ruling LDF over the Sabarimala issue with Union Minister Nirmala Sitharaman alleging Devaswom Minister Kadakampally Surendran committed a sin by unleashing police on devotees of Lord Ayyappa during the Sabarimala protests in 2018."The devotee who had gone to visit (darshan) the swami (god) was hit.This man (the Devaswom Minister), he cannot atone this sin if he does penance (tapas) even for 500 years," Ms Sitharaman told a poll meeting held in a North Kerala constituency on the penultimate day of campaigning for the state Assembly elections.Her statement came a day after Prime Minister Narendra Modi described the Devaswom Minister as "one o...
Governments small savings U-turn – सरकार का यू-टर्न, लघु बचत पर ब्याज दरें नहीं बदलेंगी वीडियो – हिन्दी न्यूज़ वीडियो एनडीटीवी ख़बर
Culture

Governments small savings U-turn – सरकार का यू-टर्न, लघु बचत पर ब्याज दरें नहीं बदलेंगी वीडियो – हिन्दी न्यूज़ वीडियो एनडीटीवी ख़बर

31 मार्च की रात को सरकार ने छोटी बचत योजनाओं की ब्याज दरों में कटौती की बात की थी, लेकिन सुबह की सरकार ने यू-टर्न ले लिया और कहा कि पुरानी दरें ही लागू रहेंगी. Source link
“Orders Issued By Oversight”: Interest Rate Cuts On Small Savings Dropped
Politics

“Orders Issued By Oversight”: Interest Rate Cuts On Small Savings Dropped

The new interest rate on PPF would have been the lowest since 1974.New Delhi: The government has rolled back cuts on interest rates on small savings schemes, including National Savings Certificates or NSC and Public Provident Fund or PPF, announced last evening."Interest rates of small savings schemes of the government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn," Finance Minister Nirmala Sitharaman tweeted this morning.Last evening, on the last day of the financial year, the government had announced a huge cut in interest rates of up to 1.1 per cent for the first quarter of 2021-22 in a massive blow to middle-class depositors.Interest rates of small sa...
Parliament Live Updates: Finance Minister Nirmala Sitharaman to move the NBFID Bill, 2021 in Rajya Sabha
Politics

Parliament Live Updates: Finance Minister Nirmala Sitharaman to move the NBFID Bill, 2021 in Rajya Sabha

The controversial Government of National Capital Territory of Delhi (Amendment) Bill, 2021, which seeks to make the Lieutenant Governor of Delhi equivalent to the Delhi government, was passed in Parliament Wednesday with the Rajya Sabha giving its nod — but not before it became a rallying point for the entire Opposition and saw regional parties uniting in a rare pushback against what they called an overweening Centre. As many as 12 Opposition parties in Rajya Sabha and nine in Lok Sabha opposed the Bill. Outside the House, Delhi Chief Minister Arvind Kejriwal, who had slammed the Bill earlier as a move to undermine his government, described its passage as a “sad day” while Deputy CM Manish Sisodia called it a “black day” for democracy. In Rajya Sabha, 16 MPs from 14 parties participated...