Nirmala Sitharaman News

11.08 / 17:31

Lowe's FIVE Remark FM living in world of hallucinations: Chidambaram slams Sitharaman for 'UPA wasted decade' remark

P Chidambaram on Friday hit out at Finance Minister Nirmala Sitharaman over her «UPA wasted a decade» remark, saying while the GDP growth rate during 2004-2014 was 7.5 per cent, it is just 5.7 per cent during the the first nine years of the NDA government. Intervening during the debate on the no-confidence motion in Lok Sabha on Thursday, Sitharaman had said the UPA «wasted a decade because of corruption and cronyism». «Today, every crisis has been changed into an opportunity.

11.08 / 06:57

Racing Parliament session: FM Sitharaman introduces Central Goods and Service Tax Amendment Bill in Lok Sabha

Nirmala Sitharaman on Friday introduced the Central Goods and Services Tax (Amendment) Bill, 2023. The Centre is set to push legislation in Lok Sabha to impose a 28 per cent Goods and Services Tax (GST) for online gaming, casinos and horse racing.

11.08 / 06:25

UPS Cooper Strategy Tomato prices crash 37% in just a day in Maharashtra mandis to Rs 55 a kg!

tomato prices have crashed in some Maharashtra mandis by a whopping 37 per cent. According to a report in The Times of India, in three mandis of Maharashtra's Nashik, tomato prices fell by Rs 650 per crate, or 37 per cent, in just one day. A crate contains 20 kilogrammes. As per the report, tomato prices fell to Rs 1,100 per crate on Thursday from Rs 1,750 per crate a day earlier, which translates into a mandi price of just Rs 55 per kilo! On August 3, the average wholesale price was Rs 2,400 per crate. The main reason for the huge fall in tomato prices is said to be oversupply.

10.08 / 18:59

UPS Cooper India stays optimistic about growth: Finance minister Nirmala Sitharaman

She pledged more steps to boost supplies of essential commodities like pulses, tomato and onion to curb food inflation on top measures already taken by the government. Her comments came on a day when the Reserve Bank of India (RBI) raised retail inflation forecast for FY24 by 30 basis points to 5.4%. She listed the Modi government's achievements over the past nine years while speaking in the Lok Sabha in a debate on the no-confidence motion brought by the Opposition against the current regime.

10.08 / 12:33

Man country Weekend FM: ‘Mega Sale Of Tomatoes In Delhi-NCR’; Buy Tomatoes At ₹70/Kg This Weekend

Finance minister Nirmala Sitharaman while speaking... moreFinance minister Nirmala Sitharaman while speaking in the parliament addressed the issue of inflation and spike in prices of essential commodities like tomatoes, onions, and lentils.

10.08 / 09:47

Twitter Progressive Action Remark country voice debate "Tum abhi chup raho republic...": Mahua Moitra slams PM Modi during no-confidence motion debate in LS

Mahua Moitra on Thursday took potshots at the government over the ethnic violence in Manipur. Moitra said that the no-confidence motion is to break the code of silence on Manipur. «We are here to ask the question in our 'tum abhi chup raho' republic where the PM tells a Governor 'chup raho'.

10.08 / 07:55

FIVE Fighting Dreams gay No confidence motion: ‘Aapka raita hum saaf kar rahe hai…,’ FM Sitharaman takes a jibe at UPA govt. Top quotes

Nirmala Sitharaman on Thursday said India is in a unique position of being optimistic and positive about its future growth when the global economy is struggling with the twin challenge of high inflation and slow growth. Speaking during the debate on the no-confidence motion in Lok Sabha against the Modi government, she also said that earlier governments used to sell dreams to people while the present regime is fulfilling the dreams. Speaking on the state of the Indian economy, Union FM Nirmala Sitharaman says, “In 2013, Morgan Stanley had included India in the list of five fragile economies of the world.

10.08 / 07:55

Provident FIVE Align Remark stage FM Nirmala Sitharaman says, 'India transformed from fragile to fastest growing economy'| Watch

Nirmala Sitharaman highlighted a significant transformation in India's economic status. She pointed out that back in 2013, Morgan Stanley had categorised India as one of the five fragile economies worldwide. However, she emphasised that in the present day, Morgan Stanley has upgraded India's rating and placed it in a better position.

09.08 / 11:35

UPS Provident Borrowing Explainer Mint Explainer: What are the government's borrowing plans for FY24?

₹17.99 trillion from various sources. This figure represents about 40% of the total net size of the Union Budget for that year, which amounts to ₹45.03 trillion.

08.08 / 14:47

Platform Action Racing 28% GST on full face value of bets to yield more tax revenue: finance minister

Nirmala Sitharaman on Tuesday informed the Rajya Sabha in response to a question that it is anticipated that the levy of 28% GST on full face value of bets, as recommended by the 50th GST Council meeting, will result in increase of revenue from current levels. The minister informed that casinos are currently paying 28% GST on Gross Gaming Revenue (GGR) while the online gaming industry supplying 'actionable claims' and some horse race clubs are currently paying GST at the rate of 18% on platform fees/commissions ranging generally from 5% to 20% of the full face value while some horse race clubs are paying 28% on the full face value.

07.08 / 19:13

UPS Target FIVE Cooper show country Tomato prices up on rains, crop seasonality, says FM Nirmala Sitharaman

tomato prices has been driven by a raft of factors, including crop seasonality and heavy monsoon downpours, and the government has taken a series of steps to address inflationary pressure in essential commodities, finance minister Nirmala Sitharaman told Parliament on Monday. White fly disease in Kolar district of Karnataka, heavy monsoon showers in parts of northern India and logistics disruptions in isolated areas in the wake of floods are also to be blamed for the sudden surge in tomato prices, the minister said in a reply to the Lok Sabha.

05.08 / 12:19

Provident FIVE Remark Southern show concert FM Sitharaman lays foundation stone for archeological museum in Adichanallur

NEW DELHI: Union finance minister Nirmala Sitharaman laid the foundation stone for an archeological museum in Adichanallur in the Thoothukudi district on Saturday, the Ministry of Finance said. During her visit, the minister assessed the Adichanallur Parambu region, where removal work has been ongoing since around 2021. Adichanallur was one of the five archaeological sites declared to be developed as ‘Iconic Sites’ in the Union Budget 2020-21.

04.08 / 17:55

Digital Southern Finance minister asks RRBs to focus on flagship schemes

Nirmala Sitharaman on Friday said that Regional Rural Banks (RRBs) should continue their focus on the flagship schemes of the Central Government such as PMJJBY, PMSBY, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, KCC, KCC Animal Husbandry & Fisheries, and aim for their saturation. Chairing a review meeting with chairpersons and senior officials of Regional Rural Banks from Southern Region in Chennai, Sitharaman said that RRBs and Sponsor Banks should improve their Current and Savings Account (CASA) Ratio.

04.08 / 17:23

Digital CEO Southern performer Customers RRBs need to focus on digitally active customers to promote greater digitalisation of economy: FM Nirmala Sitharaman

Sitharaman on Friday exhorted Regional Rural Banks (RRBs) to focus on increasing digitally active customers to supplement the government's effort for greater digitalisation of the economy. Sitharaman was here to review the financial performance of RRBs in the southern region. During the meeting, Financial Services Secretary Vivek Joshi gave a presentation on various financial metrics of the RRBs.

04.08 / 14:45

Digital Southern Finance minister asks regional rural banks to focus on flagship schemes

Nirmala Sitharaman on Friday said that Regional Rural Banks (RRBs) should continue their focus on flagship schemes of the Central government such as PMJJBY, PMSBY, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, KCC, KCC Animal Husbandry & Fisheries, and aim for their saturation. Chairing a review meeting with chairpersons and senior officials of RRBs from the southern region in Chennai, Sitharaman said that RRBs and sponsor banks should improve their current and savings account (CASA) ratio.

04.08 / 08:13

MET country World Bank's Executives Directors met with Finance Minister Nirmala Sitharaman, praised India's growth| In pics

Eleven executive directors of the World Bank, repr... moreEleven executive directors of the World Bank, representing 95 countries, met with Finance Minister Nirmala Sitharaman.

04.08 / 07:49

UPS Provident HSBC Invesco performer Returns Top MFs: These mutual funds gave up to 22% returns in one year

Hybrid Funds are balanced funds that invest primarily 65 to 80% of their total portfolio in equity, and the remaining 20 to 35% in debt instruments like fixed deposits. Hybrid funds can be classified into three categories - conservative, balanced, and aggressive.

03.08 / 12:39

GST Council Sticks To Its Guns; Online Gaming To Be Taxed At 28% | Details

The decision to impose a 28% tax on online gaming ... moreThe decision to impose a 28% tax on online gaming will be implemented from 1 October.

03.08 / 09:39

COST UPS country PM Modi to lay foundation stone for renovation of these 2 railway stations in UP's Ayodhya, 1 in Karnataka on August 6

Also read: Railways cuts train ticket rates by up to 25% but passengers are unhappy; here's why The development is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme, with the Ministry of Railways allocating ₹20 crore and ₹16 crore for the development of the Darshan Nagar and Bharat Kund Railway Stations stations, stated Faizabad Member of Parliament Lallu Singh. The renovation project includes about two dozen railway stations across the country under the AMRUT Scheme.

03.08 / 02:23

Platform NIFTY SENSEX Fitch show country Updates Sensex Today | Share Market Live updates: Sensex, Nifty expect steady start; Gift Nifty in green

₹3.5 trillion on Wednesday as FPIs sold shares to meet redemption pressures in developed markets spooked by Fitch Ratings’ downgrade of US credit ratings.Fitch downgraded the United States to AA from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt. Fitch was the second major agency to cut the country's rating. In 2011 Standard & Poor's stripped the country of its triple-A grade.The risk-off sentiment was reflected in the prices of safe-haven asset gold, which rose 1.6% during the day in the international marketThe top consumer lifestyle firm in India, Titan Company, announced a 19% increase in revenue for the first quarter of FY 2023–2024.

02.08 / 19:07

BLOCK Aware Platform Action Racing country cover GST law on online gaming from 1 October; review after 6 months

NEW DELHI : The Goods and Services Tax (GST) Council, in a divided decision, decided to amend central and state laws from 1 October to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos, and horse races. However, redeployed winnings will be excluded from the indirect taxation. The new regime will be reviewed after six months of implementation, finance minister Nirmala Sitharaman said.

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