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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- Finance minister Sitharaman says will adhere to fiscal deficit target for FY26
India’s is targeting a fiscal deficit of 4.4 percent of the GDP for 2025–26, lower than the revised estimate of 4.8 percent in FY24
- PM Modi initiated GST revamp talks 8 months ago, reveals Nirmala Sitharaman
According to Sitharaman, PM Modi had emphasised the need to simplify the system with a strong focus on easing the burden for the middle class.
- Live: FM Nirmala Sitharaman says India to keep buying Russian oil, dismisses Trump aide's Brahmin remark
Nirmala Sitharaman Interview Live: Featuring streamlined slabs, lower compliance requirements, and consumer-friendly savings, the revamp is designed to leave more money in the hands of citizens while offering businesses greater room to expand.
- GST reforms: How states’ pushback, call for vote and negotiations led to consensus
The preparations had begun well in advance, with Nirmala Sitharaman holding back-to-back meetings with different groups for more than last six months
- 'Does Congress want tobacco to be taxed at just 5% GST?' Sitharaman on opposition to 40% GST on sin goods
A special 40% slab has been proposed for a select few items such as high-end cars, tobacco and cigarettes.
- GST 2.0: Tax cuts to fuel India's clean energy sector as rates on parts slashed to 5%
The GST Council has also reduced the tax for hydrogen fuel cell vehicles from the current 12% to 5%
- GST 2.0: From high-end cars, tobacco to cigarettes — List of sin goods in 40% tax slab
Sin goods under GST include tobacco, pan masala, gutkha, cigarettes, luxury cars, online gambling or gaming, caffeinated beverages, coal, lignite, peat, and aerated drinks.
- GST reforms may incur revenue loss of Rs 2,000 crore annually to Jharkhand: Minister
Jharkhand Finance Minister Radhakrishna Kishore stated that around 75 to 80 per cent of coal and steel production from Jharkhand is consumed outside the state. Thus, the benefits of GST are accruing to consumer states.
- GST 2.0: Tax relief for green hydrogen, battery storage likely as meeting gets underway
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
- Centre stands shoulder-to-shoulder with exporters: Nirmala Sitharaman promises relief amid tariff shock
She underlined that safeguarding trade interests, protecting jobs, and sustaining economic momentum remain key priorities for the Centre.
- Nirmala Sitharaman meets GST GoMs; explains necessity of tax reforms
The Centre’s proposal once approved by the GoMs will be placed before the GST Council, comprising ministers from Centre and all states, in its meeting next month
- Nirmala Sitharaman to attend GoM meeting on August 20, explain next-gen GST reforms
The GST reforms proposed by the Centre come against the backdrop of the levy period of GST compensation cess nearing an end and also the impending rate rationalisation to deal with the industry problem of duty inversion in various sectors
- New income tax law simplifies language, retains existing rates: Nirmala Sitharaman in Rajya Sabha
Finance Minister Nirmala Sitharaman also said, "Drafting of the new Income Tax law involved 75,000 person hours.The Income Tax department worked very honestly and kept reviewing and correcting."
- FM Sitharaman to introduce New Income Tax Bill in Lok Sabha today. Here's what to expect
The Finance Minister withdrew the earlier version of the Income Tax Bill, 2025, from the Lok Sabha last week. The Bill, which replaced the Income Tax Act, 1961, was introduced in the Lower House of the Parliament on 13 February earlier this year.
- Flipkart executives meet Finance Minister Nirmala Sitharaman ahead of India redomicile
The high-level meeting comes weeks after Moneycontrol reported that Flipkart has begun groundwork to shift its base back to India from Singapore ahead of a planned public listing, though the timeline remains uncertain.
- India’s GCC ecosystem sees remarkable growth; FM Sitharaman highlights path to $200 billion GVA by 2030
To further strengthen the ecosystem, the Finance Minister announced that the governance of GCCs will soon be institutionalised
- Finance Minister Nirmala Sitharaman to begin 4-day Meghalaya visit from today
Her visit aims to review development initiatives, promote entrepreneurship, and strengthen engagement with local communities in Meghalaya, the officials said.
- NBFCs no longer 'shadow banks', should aim to lift credit disbursal to 50% of commercial banks: FM Sitharaman
In the past five years, NBFC’s fundamentals has been underpinned by strong capital buffers, robust interest margins and earnings and low levels of impairment, Finance Minister Nirmala Sitharaman said.
- Shoes, toothpaste to turn cheaper as Centre plans GST revision in boost for middle class: Report
The development could be second tax boost this year after the Centre hiked the tax exemption limit to Rs 12 lakh per annum during its Budget 2025 announcements
- Nirmala Sitharaman to meet heads of public sector banks on Friday, may exhort them to push lending
All 12 public sector banks had earned a total profit of Rs 1.41 lakh crore in FY’24.
