Nirmala Sitharaman News

Subscribe to enjoy similar stories. In the run-up to the upcoming Union Budget, Mint conducted an online poll from 28 November and 30 December inviting its print and digital readers to share their views on how the government should approach the annual exercise. Should the Budget be populist? Is it time to relax income tax slabs? Should women and farmers get extra attention in the Budget? Those were among the questions we posed to our readers.

Universal Account Number (UAN) and linking your bank account with Aadhaar to January 15, 2024. The UAN activation and linking of bank account with Aadhaar is necessary to avail of benefits under the EPFO's Employment Linked Incentive (ELI) Scheme. Originally deadline was set for November 30, 2024, it was previously extended to December 15, 2024, before it was extended by one month. PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement Employees looking to claim monetary benefits under the Employment Linked Incentive (ELI) scheme must activate their UAN) and link their Aadhaar to their bank account. This mandatory process, overseen by the Employee Provident Fund Organisation (EPFO), is essential for availing the scheme's benefits. The ELI Scheme was announced by Finance Minister Nirmala Sitharaman during the Union Budget 2024 in July. The ELI scheme comprises three variants: A, B, and C.

M Nagaraju said Thursday.

Rakhigarhi: The largest known Harappan metropolis in the world is struggling to preserve the rare, over 5,000-year-old, mud bricks being excavated. Grappling with a tedious tender process and lack of preservation options, the excavators are now re-burying the structures excavated.

Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said.

Union Budget 2025 Expectations Live Updates: The industries are looking forward to the Union Budget 2025 and expecting changes from Finance Minister Nirmala Sitharaman.What do industries expect from Finance Minister Nirmala Sitharaman ahead of the upcoming Union Budget 2025? Take a look.The Finance Minister is expected to present the Union Budget 2025 on February 1, 2025, at 11 a.m. However, there has been no official confirmation from the government.

Subscribe to enjoy similar stories. The remarkable insights into the changing pattern of household consumption thrown up by the latest Household Consumption Expenditure Survey (HCES) 2023-24 are of special relevance for a wide range of policy decisions. Take, for instance, an issue that seemed to have become a bone of contention between the government and the Reserve Bank of India (RBI): the role and relevance of food inflation in computing consumer-price inflation and hence in formulating monetary policy.

Subscribe to enjoy similar stories. The coming weeks will see two important policy events. Finance minister Nirmala Sitharaman will unveil the first full budget of the third Narendra Modi government.

Union Budget 2025 Expectations LIVE Updates: What do industries look forward to from Finance Minister Nirmala Sitharaman ahead of the upcoming Union Budget 2025?Union Budget 2025 Expectation Live Updates: Taxation expert Harsh Bhuta, Partner at Bhuta Shah and Co LLP told Livemint he looks forward to “promised comprehensive review of the Income-Tax Act" making it “concise, lucid, easy to read and understand" and thereby less complicated.Among his suggestions include: fast track appeals pending at first appellate stage, with focus on disposing old appeals in a time bound manner and introduction of dedicated dispute resolution mechanism, reduced tax rates for existing taxpayers by broadening base among others.Union Budget 2025 Expectations LIVE Updates: Good morning and welcome to Livemint's LIVE coverage of the upcoming Union Budget 202.

MGNREGA to 200 days of work, expediting GST refunds, and a comprehensive manufacturing policy to check Chinese imports in their pre-budget consultations with Nirmala Sitharaman.

National Highways Authority of India (NHAI) has pre-paid loans of worth Rs 56,000 crore during the current fiscal, helping the state-owned agency to save interest cost of around Rs 1,200 crore, a senior government official said on Sunday. The official told PTI that NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 lakh crore, which stood at about Rs 2.76 lakh crore at the end of third quarter of 2024-25 fiscal year.

Apparel exporters body AEPC on Saturday urged the government to announce tax incentives, including removal of a provision requiring payments to MSMEs within 45 days to claim deductions and customs duty exemption on garment machinery imports. The Apparel Export Promotion Council (AEPC) has also requested that an interest equalization rate of 5 per cent be announced in the Budget, scheduled to be unveiled on February 1 by Finance Minister Nirmala Sitharaman.

Budget 2025: The financial sector, especially banks on Thursday made a case for tax sops in the upcoming Budget for fixed deposits to support savings which have seen reduction in recent past. Suggestions regarding improving efficiency of capital markets and increasing capital market inclusion were also made during the pre-Budget meeting with Finance Minister, Edelweiss Mutual Fund MD & CEO Radhika Gupta told reporters here.

Budget 2025: Entering the year 2025, India's economy will be riding on budgetary hopes. Finance Minister Nirmala Sitharaman will present the Union Budget on February 1 for the 2025-26 financial year which is being expected as a strong trigger for India's economy in 2025. Prime Minister Narendra Modi last week met eminent economists and sectoral experts to get their views and suggestions for the upcoming budget. Sitharaman has already concluded her pre-budget consultations with the key stakeholders, including economists, industry and trade unions.

Kaushalendra Kumar has requested Finance Minister Nirmala Sitharaman to investigate Tata Sons' listing controversy. Citing media reports, the four-time MP from Nalanda has reportedly written a letter to the Finance Minister, highlighting that the matter could harm the credibility of the Government of India and key financial institutions like the RBI.

Subscribe to enjoy similar stories. New Delhi: The central government is assessing regulations across sectors to identify the ones that can be relaxed in the upcoming budget and beyond to cut red tape and help revive growth in a slowing economy, according to three people familiar with internal deliberations. Preliminary discussions are underway to identify the sectors where regulatory easing could stimulate growth, the people said on the condition of anonymity as details have not been finalized yet.

Budget 2025, Finance Minister Nirmala Sitharaman faces mounting pressure to reduce income tax rates, particularly for the middle class.

In its economic review for November, the ministry also said the «combination of monetary policy stance and macro-prudential measures by the central bank may have contributed to the demand slowdown» in the first half of FY25. It termed the RBI's move to lower the cash reserve ratio to 4% from 4.5% as «good news». This will enable banks to lend more and should help boost credit growth, which has «slowed a little too much and quickly in FY25», the ministry said.

India Budget: Union Finance Minister Nirmala Sitharaman chaired the fourth Pre-Budget Consultation meeting on Thursday with stakeholders and experts from the export, trade, and industry sectors in preparation for the Union Budget 2025-26.