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Sunday, May 19, 2024

Smt Nirmala Sitharaman

FDI limit in Insurance sector increased from 49% to 74% and Foreign Ownership and control allowed with safeguards

Asset Reconstruction Company Limited and Asset Management Company to be set up Rs. 20,000 Crore recapitalization of PSBs during 2021-22 DICGC Act to be amended to give depositors easy and time bound access to their deposits to the extent of insurance...

34.5 % Increase in Capital Expenditure with be of Rs. 5.54 Lakh Crore

More Than Rs. 44,000 Crore for Projects/Programmes/Departments showing Good Progress More Than Rs. 2 lakh Crore for states and autonomous bodies for Capital Expenditure While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs,...

Number of return fillers increased from 3.31 Crore to 6.48 Crore in 6 years

Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return Further push to Affordable / Rental housing Faceless dispute resolution committee in the offing Tax relaxations for attracting Foreign Investment in Infrastructure sector Tax incentives announced...

Pandemic’s Impact on Economy: Weak Revenue Flow Combined with High Expenditure on Essential Relief

Revised estimates (RE) 2020-21 for expenditure AT 34.50 lakh crore as against budgetary estimates (BE) 2020-21 of 30.42 lakh crore Fiscal deficit pegged at 9.5% of GDP in re 2020-21 BE 2021-22 for expenditure at 34.83 lakh crore, including capex of...

Union Finance Minister says Every Possible Measure shall be taken to smoothen the GST

With an aim to rationalize custom duty structure, ease compliance and give impetus to domestic manufacturing, the Union Budget 2021-22 has several indirect tax proposals. The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Union...

Summary of the Union Budget 2021-22

PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19...

DECRIMINALISATION OF THE LIMITED LIABILITY PARTNERSHIP (LLP) ACT, 2008 PROPOSED

REVISION IN 'SMALL COMPANIES' DEFINITION PROPOSED EASING OF RULES IN 'ONE PERSON COMPANIES' FOR START-UPS, INNOVATORS STRENGTHENING OF NCLT FRAMEWORK FOR FASTER DEBT RESOLUTION PROPOSED LAUNCH OF NEW MCA21 VERSION 3.0 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman proposed reforms...

Finance Minister Smt. Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for Budget 2021-22

The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was held through Video Conference and was attended by...

Finance Minister delivers keynote address at the inauguration of the Sri Lanka Economic Summit 2020

Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman delivered a Keynote Address at the inauguration of the 20th  Edition of Sri Lanka Economic Summit (SLES)  2020 in virtual format, today. SLES annually organized by the Ceylon Chamber of...

MoD signs contracts worth Rs 2580 Cr with Indian Companies for supply of Pinaka Regiments to Indian Army

Providing further boost to the ‘Make in India’ initiative of Government of India in the Defence Sector, Acquisition Wing of Ministry of Defence (MoD) has signed contracts with M/s. Bharat Earth Movers Ltd. (BEML), M/s. Tata Power Company Ltd....
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Fusion Micro Finance Secures $25 Million Loan to Boost Financial Inclusion

Fusion Micro Finance, a leading NBFC microfinance company, announced on Friday that it has entered into a $25 million...
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