NEW DELHI, May 21 – India’s Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and diesel to fight inflation and keep prices of essential items in check. The excise duty on petrol was reduced by 8 rupees ($0.1028) per litre, and for diesel […]
NEW DELHI, Jan 18 – India’s government will oppose international award granted to the Bengaluru-based Devas Multimedia Ltd, after the country’s Supreme Court upheld the National Company Law Appellate Tribunal’s (NCLAT) order to wind up the company. The government will oppose the international award to Devas after the […]
New Delhi, Aug 23: Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling […]
NEW DELHI, Aug 12 – Indian economy has not reached the level where the central bank can begin pulling back liquidity as Asia’s third largest economy is still recovering from the shock of two major waves of coronavirus, Finance Minister Nirmala Sitharaman said on Thursday. “I am glad […]
India’s annual budget in February was lauded by many and raised hopes it would drive a sharp economic revival, but there are now fears that its promise may fall flat as it did not account for a crippling second wave of COVID-19 infections. The budget aimed to revive […]
New Delhi, Feb 1: Stressed that the government is committed to farmers’ welfare, Finance Minister Nirmala Sitharaman on Friday said the MSP regime has undergone a “sea change” to assure price at least 1.5 times of production cost with sharp increase in procurement of foodgrains and payment to […]
BENGALURU – Finance Minister Nirmala Sitharaman is expected to unveil plans to boost economic growth when she presents the 2021/2022 federal budget on Feb. 1. Corporates and industry lobby groups expect the government to announce greater spending on healthcare and infrastructure, as well as tax breaks for the […]
Patna, Oct 22: Union Finance Minister Nirmala Sitharaman Thursday released the BJPs manifesto for the Bihar assembly polls which seeks to reach out to the youth with the promise of 19 lakh jobs in the next five years and farmers with the assurance of bringing lentils under the MSP […]
NEW DELHI – India on Monday announced steps to stimulate consumer demand, including advance payment of a part of the wages of federal government employees during the festival season and more capital spending as it tries to bolster the pandemic-hit economy. The government will allow its employees to […]
New Delhi, Sep 26: Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General (CAG) flagged that the Centre in first […]
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