FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency
Two prominent policymakers - finance secretary TV Somanathan and revenue secretary Tarun Bajaj - said on Monday that the larger industry had a big role to play in reducing tax disputes
Union Finance Minister Nirmala Sitharaman on Monday came down heavily on the tax boards for allegedly not responding to grievances of the tax assessees
The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry
The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry
Union Finance Minister Nirmala Sitharaman on Sunday laid the foundation stone of a state-of-the-art planetarium in Mysore University's Chamundi Hill Campus.
The GST Council in next meet may look at raising the lowest tax slab to 8%, from 5%, and prune the exemption list in the GST regime
While Russia's invasion of Ukraine doesn't quite throw Budget 2022 out the window yet, it does mean the fiscal maths will need a significant re-look.
Nirmala Sitharaman said the new Electronic Bill (e-Bill) processing system will stop any possible 'rent seeking' in the clearance of dues to contractors or suppliers of government departments.
'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM
The Finance Minister had announced this major e-governance initiative in the Union Budget 2022-23 presented in Parliament on February 1
The finance minister also raised concerns over the impact on the farm sector as it also forms a considerable share of exports to Russia and Ukraine
Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of war between Russia and Ukraine on India's exim trade.
Sitharaman said the 2022 Budget was a continuity of the previous budget last year which was more exhaustive in laying out the formulation, principle and then provide stability for revival from Covid
India is more worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, Finance Minister Nirmala Sitharaman said on Monday.
She said areas of concern include pharmaceutical exports and imports of fertiliser from the region.
The Finance Minister mentioned that 28,000 patents were granted last year as opposed to 4,000 in 2013-2014 and last year also witnessed registration of 2.5 lakh trademarks and over 16,000 copyrights
The FM said that focus is on expanding physical as well as digital infrastructure so that jobs and opportunities can be created for India's youth
Sitharaman mentioned managing the growing urbanisation to create stronger communities as one of the areas in which the Centre and states' coordination will be essential
'Disturbances' to severely hamper economic recovery in India, world; recovery needs to be sustainable, sans disruptions, for humanity's welfare, says FM Sitharaman