Nirmala Sitharaman is an Indian politician and a member of Bharatiya Janata Party (BJP). A Rajya Sabha MP from Karnataka, Sitharaman holds two important portfolios — the Ministry of Finance and the Ministry of Corporate Affairs — in the Narendra Modi-led government in its second term at the Centre. She is the first full-time woman finance minister of the country. Earlier, Indira Gandhi had held finance as an additional portfolio for a short duration when she was the prime minister of India. Sitharaman has also served as the Defence Minister in PM Modi's previous cabinet. Before entering into politics, Sitharaman worked in the corporate sector after getting a master’s degree from the Jawaharlal Nehru University. Subsequently, she moved to London with her husband and joined the British Broadcasting Corporation. She returned to India in the 1990s. She has also served as a member of National Commission for Women (NCW). She was one of the founding directors of Pranava school in Hyderabad. In 2019, the Jawaharlal Nehru University conferred her the Distinguished Alumni Award. The Forbes Magazine ranked her 34th among the 100 most powerful women in the world in the same year. More
The incorporation of five percent GST on room rent exceeding Rs 5,000 per day will increase the expenditure of patients, says FICCI
Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach.
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On the first day of the 47th GST Council meeting, one of the key issues was the compensation to states for revenue shortfall which will stop in two days. Opposition- ruled states like Chhattisgarh want the GST compensation period to be extended for another five years. For the details of the meeting in a nutshell, watch the video.
The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for June 28-29.
The panel, comprising federal and states’ finance ministers, is seeking to broaden the tax net to track dealings in virtual digital assets in a more effective manner, the people said, declining to be identified citing rules on speaking with media.
This meeting will witness the attendance of the Chairman of the State Bank of India, Managing Directors, and Chief Executive Officers of other Public Sector Banks, as stated by an official.
Amit Mitra, the principal chief advisor to Chief Minister Mamata Banerjee and the state finance department, said the extension of the compensatory arrangement will provide a big relief to the states.
(Eds: Updates with Maharashtra, Haryana results) Mumbai/Chandigarh/Bengaluru/Jaipur, Jun 11 Union ministers Nirmala Sitharaman and Piyush Goyal, Ran..
The finance minister's comments come as the public sector readies itself for the entry of private companies in all sectors, including the four strategic sectors specified by the new PSE policy.
Finance Minister Nirmala Sitharaman said on Wednesday that the government's enabling policies and proactive measures, like corporate tax cuts and economic digitalisation, helped the country deal with the unusual scenario created by the pandemic.
The SNA dashboard will provide a platform for ministries and departments to monitor transfer of funds to states and their utilisation.
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Speaking at an event of the corporate affairs ministry as part of the Azadi ka Amrit Mahotsav, Sitharaman said that during the pandemic, there has been a very significant increase in retail investor numbers.
Nirmala Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation.
Participating virtually in the second BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the China chairmanship, Sitharaman said BRICS should continue to serve as a platform to engage in dialogues and facilitate exchange of experiences, concerns and ideas for rebuilding a sustainable and inclusive growth trajectory.
In a statement the finance ministry said in order to give the stakeholders of SNA model the necessary feedback and monitoring tools in the operation of the schemes, Public Financial Management System (PFMS) has developed the SNA dashboard.
After media reports highlighted Vanisha Pathak's ordeal, there was an outpouring of support for her.
On Tuesday, prominent figures such as Union Finance Minister Nirmala Sitharaman and BJP actor-politician Jaggesh filed their nominations for the June 10 Rajya Sabha elections from Karnataka.
"We are carrying out 20 railway projects worth Rs 74,000 crore for 2,011 km, which are spread across the northeast," Sitharaman said.
Finance Minister Nirmala Sitharaman on May 22 said the reduction in central taxes on petrol and diesel has been in road and infrastructure cess that is not shared with states
With the excise duty cut alone, the effective retail price of petrol will be reduced by around Rs 9.5 per litre and of diesel by Rs 7 per litre.
Speaking at the 13th annual day function of the Competition Commission of India (CCI), Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets.
The finance minister underscored the importance of multilateralism and the spirit of global cooperation for economic recovery.
The Finance Minister was speaking at the Stakeholder’s Outreach Programme organised by Directorate General of Foreign Trade on the occasion of India signing a Comprehensive Economic Partnership Agreement with the United Arab Emirates and the Economic Cooperation Trade Agreement (ECTA) with Australia.