Page 57 - Latest Updates on Nirmala Sitharaman
Traders urge Finance minister, GST council to modify new GST notification
Trading community urged FM Nirmala Sitharaman and GST Council to withdraw certain provisions of the new GST notification issued a few days back
 "Traders urge Finance minister, GST council to modify new GST notification")
CAIT urges FM Nirmala Sitharaman to defer rollout of Rule 86B in GST
This restriction will not apply where the managing director or any partner has paid more than Rs 1 lakh as income tax
 "CAIT urges FM Nirmala Sitharaman to defer rollout of Rule 86B in GST")
Govt may have to apply brakes on existing fiscal consolidation road map
Centre may have to amend FRBM Act once again to achieve this, which isn't an issue as such an amendment does not require a two-third or three-fourth majority
 "Govt may have to apply brakes on existing fiscal consolidation road map")
FIDC seeks liquidity support for smaller NBFCs in upcoming budget
FIDC has written to the Finance Minister Nirmala Sitharaman seeking measures to improve liquidity support for small and mid-sized NBFCs in the FY22 Union Budget
 "FIDC seeks liquidity support for smaller NBFCs in upcoming budget")
Banking on Budget: Some key indirect tax measures govt should focus on
Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally
 "Banking on Budget: Some key indirect tax measures govt should focus on")
FM Nirmala Sitharaman told to extend ITRs, tax audit and AGM time frame
The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28
 "FM Nirmala Sitharaman told to extend ITRs, tax audit and AGM time frame")
Pre-Budget talks: FinMin gets suggestions on fiscal policy, green growth
The government received a host of suggestions concerning fiscal policy, taxation and green growth, among others
 "Pre-Budget talks: FinMin gets suggestions on fiscal policy, green growth")
FM wraps up pre-Budget consultations, over 170 take part in 15 meetings
Finance Minister Nirmala Sitharaman on Wednesday concluded pre-budget consultation meetings for budget 2021-22 held in virtual mode
 "FM wraps up pre-Budget consultations, over 170 take part in 15 meetings")
Best of BS Opinion: Wrong call on IBC, Paris agreement, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Wrong call on IBC, Paris agreement, and more")
Industry seeks front-loading infra spend, tax breaks in upcoming Budget
To incentivise investments in infrastructure, the Federation of Indian Chambers of Commerce & Industry (Ficci) has sought tax exemptions
 "Industry seeks front-loading infra spend, tax breaks in upcoming Budget")
IBC to remain 'rightfully' suspended till FY21 end: FM Sitharaman
Suspension not applicable to defaults committed before March 25, 2020
 "IBC to remain 'rightfully' suspended till FY21 end: FM Sitharaman")
Wrong call on IBC
Govt should not have extended suspension of bankruptcy work
 "Wrong call on IBC")
Beyond Budget Headlines with AKB: Govt should invest in small-gestation projects
In this second episode of our special video series on Budget, A K Bhattacharya talks about fiscal deficit target, government spending and disinvestment goals
 "Beyond Budget Headlines with AKB: Govt should invest in small-gestation projects")
Beyond Headlines: Should there be a range for fiscal deficit target?
The govt expenditure this year (till October-end) was at roughly the same level as that seen in the same period last year
Finance Ministry permits five states to borrow extra Rs 16,728 crore
The government had in May decided to link grant of additional borrowing permission to states with reforms undertaken by them to facilitate ease of doing business
FM stresses on more investments in biotech, pharma R&D ahead of budget
Says India has capacity to produce Covid vaccines for itself and other countries
 "FM stresses on more investments in biotech, pharma R&D ahead of budget")
FM pledges Budget like 'never before' as govt looks to revive economy
Finance Minister Nirmala Sitharaman on Friday promised a "never before" like Union Budget as the government looks to steer the pandemic-battered economy and push growth.
Health sector wants higher outlay, universal insurance in upcoming Budget
Govt officials say health outlay will have to rise significantly not just for vaccine expense but also for creation of supporting infra and distribution channels
 "Health sector wants higher outlay, universal insurance in upcoming Budget")
Bold reforms have ensured steady FDI flow even during pandemic: FM
Says govt initiated big reforms in agriculture and labour codes
 "Bold reforms have ensured steady FDI flow even during pandemic: FM")
GST revenues take a beating as Council tweaks rates far too often
Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs
 "GST revenues take a beating as Council tweaks rates far too often")
