Page 119 - Latest Updates on Nirmala Sitharaman
Simplifying GST: Govt plans mass outreach programme for return filers
FM Sitharaman meets stakeholders; pan-Indian initiative for new forms on December 7
 "Simplifying GST: Govt plans mass outreach programme for return filers")
FM holds first of a series of meetings with CAs, traders on simplifying GST
The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting
 "FM holds first of a series of meetings with CAs, traders on simplifying GST")
Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman
On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India
Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister
Raju, along with eight representatives of match stick manufacturers' associations, said the GST on matchboxes was high and needs to be brought down at par with the tax rate on raw materials
 "Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister")
No plan to cut spending on welfare schemes despite low revenues, says FM
The government has high expenditures on such welfare schemes which are aimed at poorer sections and agriculture
 "No plan to cut spending on welfare schemes despite low revenues, says FM")
Govt doesn't want any telco to shut down, intends to address concerns: FM
Sitharaman said "it is the intention" to address concerns of all those who have approached the government with serious concerns post the court's decision
 "Govt doesn't want any telco to shut down, intends to address concerns: FM")
Major trade issues between India, US solved; may sign initial trade package
The much-needed progress is believed to have been made during the meeting between Union Commerce and Industry Minister Piyush Goyal and US Trade Representatives Robert Lighthizer in Washington DC
 "Major trade issues between India, US solved; may sign initial trade package")
Financial reforms like regulating co-op banks coming in winter session: FM
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation
 "Financial reforms like regulating co-op banks coming in winter session: FM")
Rahul must apologise for misleading people with blatant lies on Rafale: FM
'Chor comment by Rahul Gandhi of Congress was repeated several times for political gains', said FM
 "Rahul must apologise for misleading people with blatant lies on Rafale: FM")
Revenue situation rules out further tax sops for the individual taxpayer
Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG
 "Revenue situation rules out further tax sops for the individual taxpayer")
Govt's Rs 25,000-cr realty fund may see some 'structural challenges'
Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail
 "Govt's Rs 25,000-cr realty fund may see some 'structural challenges'")
Modi govt to seek Nabard help for J&K's saffron, peach, walnut producers
NABARD will speak to farmers of Jammu and Kashmir and understand their issues
FM Sitharaman advises farmers to produce oilseeds, which are high in demand
Union Minister also stated that the Central government is making efforts to push sustainable and renewable energy sources in rural areas
 "FM Sitharaman advises farmers to produce oilseeds, which are high in demand")
Centre committed to farmers' growth, says FM, urges states to push for eNAM
The Union Minister also stated that the Central government is making efforts to push sustainable and renewable energy sources in rural areas in order to provide farmers an additional source of income.
 "Centre committed to farmers' growth, says FM, urges states to push for eNAM")
Rs 5k cr dues declared under Sabka Vishwas Scheme, likely to gain traction
Senior CBIC officials are confident the scheme is likely to gain further momentum in the coming days as taxpayers would not forego this opportunity.
 "Rs 5k cr dues declared under Sabka Vishwas Scheme, likely to gain traction")
Indian economy currently facing challenges, says FM Nirmala Sitharaman
Launching The Rise of Finance: Causes, Consequences and Cure, she said the book would help "understand the current economic situation facing both the world and Indian economy"
Realty revival: IBC, Rera may need tweaking for booster shot to take effect
In September, Finance Minister Nirmala Sitharaman had announced the Special Window fund but projects in the NCLT or those dubbed NPAs had been kept out of its ambit
 "Realty revival: IBC, Rera may need tweaking for booster shot to take effect")
Revenue intelligence officers should act as facilitators for taxpayers: FM
Sitharaman said the new officers have a better and a bigger role to play as facilitators
FM reviews state of economy with RBI, other regulators at FSDC meet
The FSDC is the apex body of sectoral regulators, headed by the finance minister
 "FM reviews state of economy with RBI, other regulators at FSDC meet")
The realty: Rs 25,000-crore fund can only help 6% of stalled constructions
New program announced by Finance Minister Nirmala Sitharaman on Wednesday is an improvement on a $1.4 billion real-estate corpus announced in September.
 "The realty: Rs 25,000-crore fund can only help 6% of stalled constructions")
