Simplified GST registration from November 1 to benefit 96 percent of new applicants; Sitharaman urges shift away from ‘GST 1.0 mindset’
Finance Minister Nirmala Sitharaman highlighted fintech’s role in financial inclusion and digitising credit access, while also emphasising India’s self-funded green transition amid global energy challenges.
In a post-GST reforms special, Finance Minister Nirmala Sitharaman speaks exclusively to News18, breaking down the key impact of India’s GST evolution, its effect on small businesses, state revenues, and long-term economic growth.
The minister was speaking at the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting held in Rio de Janeiro, Brazil.
India renews push for reform of global credit rating system to lower emerging markets’ financing costs
Nirmala Sitharaman also said trade talks with the US are ongoing and are likely to conclude soon
Apple has scaled up domestic value addition and component manufacturing as global supply chains realign
Timely refund processing, cargo dwell time, and litigation backlog to dominate Finance Minister’s interactions with tax field formations
Sitharaman said the economy’s momentum had stayed strong despite global volatility and scepticism.
“We are making provision for small modular nuclear reactors to produce sustained base energy, because renewable yet to find its storage system,” she said.
Finance Minister during her visit to Indian fintech company Pine Labs lauded fintech firms’ contribution to expanding country's Digital Public Infrastructure (DPI)
The Finance Minister is also expected to nudge banks to strengthen governance, risk compliance, and lending practices, particularly in the context of ongoing heightened global tensions.
Phishing attempts are being closely monitored and bank employees have received internal alerts to boost cyber awareness, banks said.
The meeting this evening comes as worries about a cyberattack on India's banking infrastructure mount over growing intensity of drone and missile attacks between the two countries
PLI incentives, fintech collaboration and MDB reforms figure in bilateral talks at ADB meet
NPCI has also mandated that banks can initiate a maximum of three check transaction status APIs, preferably within two hours from the initiation/authentication of the original transaction.
If multilateral institutions are not effective, there is need to rethink the idea of 'most favoured nation' , she has said
The finance minister has said the government’s focus has not shifted from capital expenditure to consumption expenditure
Industry leaders have largely welcomed the government’s emphasis on domestic manufacturing, customs duty exemptions, and sustainability-focused initiatives.
There is a compelling need for further simplification of personal income tax, specifically in adopting a more streamlined three-slab system in place of the current complex structure, writes Mohandas Pai
Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1 next month.
Sources tell Moneycontrol that the implementation of the proposed IT Act will take over a year. The proposed overhaul envisages an extensive review of the current Act, which spans 23 chapters. A review committee, comprising 23 sub-committees and working groups, is scrutinising each chapter to identify areas for improvement.
Gandhi after meeting a delegation from the All India Banking Officers Confederation accused the government of using public sector banks, the "lifelines of the masses", as an unlimited source of funds for their "fraudulent friends".
The discussion comes ahead of RBI’s December monetary policy meeting, where all eyes will be on Governor Shaktikanta Das's next move
"A picture is today emerging of India with its affiliations to several blocs, keeping its neutral, non-aligned position."