Tag Archives: Nirmala Sitharaman

In a recent letter to Finance Minister Nirmala Sitharaman, Union Minister Nitin Gadkari has called for the withdrawal of Goods and Services Tax (GST) imposed on life and medical insurance premiums. The request follows a memorandum submitted by the Nagpur Divisional Life Insurance Corporation Employees Union, which has raised concerns about the tax’s impact.

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the year 2024-25 on July 23, marking a significant moment in Indian economic policy under Prime Minister Narendra Modi's third term. The announcement comes as the Budget session of Parliament is scheduled to commence on July 22 and conclude on August 12, as confirmed by Union Minister Kiren Rijiju.

Finance Minister Nirmala Sitharaman emphasized on Friday that there has been “no leniency” in recovering bad loans from large defaulters, with the Enforcement Directorate (ED) attaching properties worth ₹64,920 crore from 1,105 such defaulters under investigation. Sitharaman's remarks came amidst opposition claims of loan waivers for industrialists during the Modi government, which she refuted in a series of posts on X, the social media platform formerly known as Twitter.

The recently presented interim budget for 2024 has set the stage for discussions around fiscal policies, moderate capital expenditure, and a departure from pre-election populism, as the finance minister addressed the nation's economic trajectory.

In a public meeting in Odisha, Prime Minister Narendra Modi introduced the concept of 'Modi’s Guarantees,' emphasizing their commitment to fulfilling assurances that work specifically for those who lack resources. Addressing the gathering, Modi highlighted the impact of the recent interim budget, presented by Union Finance Minister Nirmala Sitharaman, which aims to empower various segments of the population, including the poor, women, and youth.

he interim budget for 2024 presented by Finance Minister Nirmala Sitharaman lacked big-ticket announcements and offered no tax relief, underscoring the ruling BJP's confidence as the nation gears up for the upcoming general elections. While this is not a full budget, taxpayers had anticipated some relief in this election year, yet the government seems to be saving major announcements for its detailed budget scheduled for July.

In a significant move to enhance the safety, convenience, and comfort of rail passengers, Finance Minister Nirmala Sitharaman announced in the Interim Budget for 2024 that 40,000 regular train coaches will undergo a transformation to meet Vande Bharat standards. The conversion is part of the government's continued commitment to improving connectivity and passenger experience.

Fuel concerns affecting food security aspects and impact on inflation, fragmentation of supply chains were the three major worries in the near future, Sitharaman said during G20 Presidency briefing at Marrakech, Morocco.

The finance minister is of the opinion that with more money in taxpayers hands under the new I-T regime, they would be the best judge to decide their own choice for investment.Finance Minister Nirmala Sitharaman charted out the pitfalls that had to be avoided and the challenges presented by a …