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Nirmala Sitharaman
Nirmala Sitharaman (born 18 August 1959) is an Indian politician serving as the Union Minister of Finance and Corporate Affairs since May 2019, and previously as the Minister of Defence. A senior
...Read more- Global trade getting weaponised through tariffs, India need to negotiate its way carefully: Nirmala Sitharaman
India, the Finance Minister said, only safeguarded its domestic industries against flooding which happens from a ‘predator’
- Reforms to grant greater access to insurance for people: Nirmala Sitharaman
The number of insurers has risen from 53 in 2014 to 74 now,” Sitharaman said.
- Budget 2026-27: Integrated Customs platform on cards in digitisation push, rollout targeted for 2027
The proposed integration is aimed at easing business processes and improving India’s global trade ranking.
- Cigarettes ‘must not become affordable’, says FM as Centre restores excise duty after GST cess sunset
Move aims to prevent fall in tax burden as GST law caps peak rate at 40 percent
- Will the Budget not be presented on February 1 this time?
Given the uncertainty this time, either the Finance Ministry or the Ministry of Parliamentary Affairs may soon clarify whether the Budget will be presented on February 1 or whether the date will be adjusted.
- Nirmala Sitharaman hails semiconductor plant; says Assam tops utilisation of special central fund
The Morigaon semiconductor facility is part of a wider network of government-backed projects aimed at bolstering India’s semiconductor production capabilities
- Privatisation of banks unlikely to hurt financial inclusion drive, national interest: FM Nirmala Sitharaman
Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned
- Reduce income tax rate for individuals earning up to Rs 50 lakh: PHDCCI's pre-Budget recommendation
The highest tax rate of 30 per cent is levied on individuals earning more than Rs 24 lakh in a year in the new income tax regime.
- 'Impact of GST cuts will sustain beyond festive season': FM Sitharaman
"The consumption story will continue. We have corrected most of inverted duty structure," Sitharaman said.
- Nirmala Sitharaman launches foreign currency settlement platform at GIFT City
Sitharaman also emphasised that efforts are underway to enhance the efficiency of Global Corporate Centres (GCCs) across India
- Nirmala Sitharaman flags Rs 1.84 lakh crore in unclaimed financial assets with banks, regulators
Nirmala Sitharaman also explained that unclaimed funds are transferred between institutions depending on the nature of the asset, from banks to the RBI for deposits, and from SEBI to the IEPF for shares and other investments.
- Financial institutions must maintain strong balance sheet to fund infra investments: Sitharaman
Sitharaman said state-owned banks need to engage proactively with NBFCs on co-lending for priority sector lending to enhance credit flow to the underserved sectors
- GSTAT hearings to begin in December, legacy appeals capped at June 2026: FM Sitharaman
Sitharaman said that a staggered approach or mechanism will be identified to hear the priority cases first to manage the workload
- Nearly Rs 2 lakh crore will be in people's hand due to GST reforms: FM Nirmala Sitharaman
With the simplification of the Goods and Services Tax from the earlier four slabs to 2 slabs, Sitharaman said Prime Minister Narendra Modi is keen to ensure that the poor and downtrodden, middle class families and the micro, small and medium enterprises (MSMEs) largely benefit out of the GST reforms.
- GST 2.0 will deliver faster refunds, relief for middle class, farmers: FM Nirmala Sitharaman
In the next phase of indirect tax reforms, the Finance Minister announced that GST 2.0 will feature faster refund mechanisms. “In GST 2.0, 90% of refunds will be automatically given,”Nirmala Sitharaman said.
- Union Finance Minister, Andhra CM welcome launch of 'Swasth Nari Sashakt Parivar' scheme
The scheme offers free health screenings for women ranging from blood pressure and diabetes to anaemia, tuberculosis, and cancer, along with medicines.
- 'Govt keeping good watch on rupee, several currencies weakened against dollar': FM Sitharaman
The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday.
- GST reforms to bring big relief to people who suffered huge tax burden under Congress: Ashwini Vaishnaw
The GST Council's decision to bring all products, except those under the sin and luxury goods category, under 5 per cent and 18 per cent slabs, while reducing it to zero on a host of essential items, will come into effect from September 22, the first day of Navratri.
- India needs campaign for better opposition, their criticism of GST ill-informed: Nirmala Sitharaman
Nirmala Sitharaman was dismissive of Congress leader Jairam Ramesh’s contention that Prime Minister Narendra Modi undermined the GST Council, a constitutional body that takes all decisions related to the indirect tax regime
- GST rate cut for dairy, farm inputs to benefit 10 crore farmers: Ministry of Cooperation
The GST restructuring addresses the inverted duty structure in fertiliser manufacturing and is expected to prevent price rise for farmers while ensuring timely availability of inputs during sowing seasons, the ministry said in a statement.
