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NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday said that the recalibration of global trade policies poses serious challenges to the global economy. Her comments come in the wake of the sweeping tariffs imposed by US President Donald Trump which has sent jolts to the global stock markets. Speaking at the 150th anniversary celebration…
New Delhi: Finance minister Nirmala Sitharaman Saturday directed the Department of Expenditure to ensure that funding for all schemes and projects are routed through a single nodal agency from the next fiscal year and asked it to work with the Controller General of Accounts (CGA) for a smooth transition. Sitharaman suggested that the CGA examine…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday dismissed concerns over the recent sell-off by foreign institutional investors (FIIs) in Indian equities, attributing it to profit booking.She claimed that investors are making strong returns in India, which naturally leads to periodic profit-taking.“FIIs also go out when they are able to or in a position to…
Nirmala Sitharaman (PTI photo) NEW DELHI: Finance minister Nirmala Sitharaman on Thursday drew comfort from moderating inflation, while asserting that govt was keeping a close watch on the price situation and said the Centre and RBI are maintaining a vigil.“Over-valued currencies erode national competitiveness. I would like to allay concerns on rupee fluctuation. RBI has…
Nirmala Sitharaman in Lok Sabha NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday accused the Trinamool Congress (TNC) administration of fostering systematic corruption and weakening governmental institutions.During her reply to the debate on Union Budget 2025-26 in the Lok Sabha she said, “It is ironical that Trinamool Congress, a party which prides itself on being…
NEW DELHI: Finance minister Nirmala Sitharaman is likely to introduce the new income tax bill in Parliament on Tuesday, with the legislation likely to be referred to a standing committee for examination.“I hope to have it introduced in Lok Sabha in the coming week. The process is the committee gives its recommendation, it comes back,…
Tax was the most used word NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday presented her eighth consecutive Budget. This brings her closer to the record of 10 budgets presented by former Prime Minister Morarji Desai, who holds the record for the most budgets presented across different terms. She is also the first woman…
India’s Finance Minister Nirmala Sitharaman’s annual outlay for 2024-25 was Rs 45 lakh crore. The annual expenditure or outlay is proportional to the government’s revenue and capital receipts. Design your ideal budget for India and tell us your annual expenditure for the country. You get to “shape key policies”, adjust sector allocations, and see the…
New Delhi: Finance Minister Nirmala Sitharaman on Friday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert ‘halwa’ is prepared and served to officials and staff members…
Budget 2025: Shetty advocates for a 30% flat deduction on gross income with a ₹15 lakh ceiling on deductions. Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to increase the income tax threshold for the 30% tax bracket in her Union Budget 2025, says Adhil Shetty, CEO of BankBazaar.According to BankBazaar, three…
