New Delhi: Finance minister Nirmala Sitharaman Friday said India’s economic growth is firmly anchored in robust domestic consumption that blunts the impact of external shocks, and that its evident resilience in the face of global turmoil is “neither accidental nor transient”. “The Indian economy is resilient and continues to grow sustainably,” she said, adfdressing the … Read more
Finance Minister Nirmala Sitharaman has clarified the “popcorn puzzle” in GST, explaining why different variants of popcorn were taxed differently earlier and how GST 2.0 now simplifies this. Under the new system, all popcorn, whether salted or chocolate-coated, will attract a uniform 5% GST. #Popcorn #NirmalaSitharaman #GoodsandServicesTax #GST #IndiaNews #FinanceMinister #GST2 Source link
56वीं जीएसटी काउंसिल की बैठक के बाद केंद्रीय वित्त मंत्री निर्मला सीतारमण ने स्पष्ट किया कि हालिया जीएसटी सुधारों का टैरिफ विवाद से कोई संबंध नहीं है. उन्होंने कहा, ‘टैरिफ टर्मॉइल वह मुद्दा नहीं है जिसने जीएसटी सुधार को प्रभावित किया. हम इस पर डेढ़ साल से काम कर रहे हैं.’ वित्त मंत्री ने कहा … Read more
Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year. The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement. The dividend … Read more
Archaeological excavations in progress at Keeladi in Tamil Nadu’s Sivaganga district. File | Photo Credit: The Hindu Civilisation and culture are deeply entwined in the identity of any society and attempts to reinterpret or regulate them often invite political consequences. Over the past fortnight, this became clear when political parties in Tamil Nadu put up … Read more
Union Finance Minister Nirmala Sitharaman said on Saturday that the priority of the government is to “make sure” that currency in circulation will be in “lower denominations” and spreading more awareness for “doing digital transfers.” Answering a question on the future of Rs 500 currency, Sitharaman said, “We are making every effort to make sure … Read more
At the start of each fiscal year, salaried employees are confronted with significant decisions from their employers. In addition to selecting between the new and old tax regimes, this year, salaried taxpayers must know whether their salaries would be taxed as per the Income-tax Act, 1961, or the newly proposed Income Tax Bill 2025, which … Read more
The Income Tax Department is scheduled to implement a new tax return processing change starting in April 2025. This update is designed to enhance accuracy and decrease discrepancies in filings. An adjustment to Section 143(1) of the Income Tax Act will empower tax authorities to compare a taxpayer’s most recent Income Tax Return (ITR) with … Read more
In a move to bolster the welfare of gig workers, the government is set to introduce a pension scheme requiring platform aggregators to contribute 2% of each worker’s income. This contribution will be deposited into the Employee Provident Fund Organisation (EPFO) account of each gig worker, ensuring additional financial security. The scheme is expected to … Read more
Finance Minister Nirmala Sitharaman has said that GST rates will come down further, with the process of rationalising tax slabs nearing completion. Speaking at The Economic Times Awards, she stated that the Revenue Neutral Rate (RNR) had already dropped from 15.8% in 2017 to 11.4% in 2023 and hinted at further reductions. “It will come … Read more