Page 95 - Latest Updates on Nirmala Sitharaman
Industry urges FM Nirmala Sitharaman to change tax settlement scheme
Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid
 "Industry urges FM Nirmala Sitharaman to change tax settlement scheme")
States may not get GST compensation in full, says Finance Ministry
Centre for rate hike to make up for Rs 30K-cr revenue gap
 "States may not get GST compensation in full, says Finance Ministry")
Marathons, but no winners
In this season of heightened awareness of a functional democracy, we need to realise that the travesty of Budgetary accountability is yet another step in the direction of citizens' disempowerment
 "Marathons, but no winners")
Parliament highlights: Oppn attacks BJP, says it wants to erase reservation
Opposition parties in Rajya Sabha on Monday demanded that the government file a review petition in the Supreme Court over its ruling on reservation in jobs and promotions for SC/STs
 "Parliament highlights: Oppn attacks BJP, says it wants to erase reservation")
BJP issues whip to its MPs asking them to be present in LS, RS on Tuesday
Sitharaman is likely to speak in Lok Sabha first and then in Rajya Sabha
 "BJP issues whip to its MPs asking them to be present in LS, RS on Tuesday")
FM talks 'Vivad Se Vishwas' scheme with industry representatives
With over Rs 9 trillion worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill, 2020' in the Lok Sabha
 "FM talks 'Vivad Se Vishwas' scheme with industry representatives")
Govt clocks Rs 40,000 cr in public procurement transactions through GeM
Towards this, the government has recently revised the general financial rules (GFR) and procurement manuals, and made advances in the use of technology in procurement
 "Govt clocks Rs 40,000 cr in public procurement transactions through GeM")
Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans
From SoftBank eyeing minority stake in Mahindra Electric Mobility to DRDO chief calling for developing future tech, here are top 10 business headlines of the day
 "Top 10 biz headlines: SoftBank for stake in Mahindra EM, RBI on telco loans")
Govt to pare time taken for starting biz; new e-form to offer 10 services
The corporate affairs ministry would introduce the form -- SPICe+ -- to offer 10 services
 "Govt to pare time taken for starting biz; new e-form to offer 10 services")
Once-a-year tweak in GST rates on the cards, says FM Nirmala Sitharaman
Sitharaman says changing the rates periodically creates a ripple effect
Budget doesn't really enthuse
The allocation of Rs 12,824 crore in FY21 for the ministry of commerce and industry shows a reduction of Rs 875 crore from the revised estimates for FY20
 "Budget doesn't really enthuse")
FM Sitharaman pitches for rationalisation of GST rates once a year
'I think we have laid the foundation for increasing consumption', said the finance minister
 "FM Sitharaman pitches for rationalisation of GST rates once a year")
12% tax revenue growth achievable in 2020-21 fiscal, says Revenue Secy
The 2020-21 Budget has pegged gross tax revenues for 2020-21 at Rs 24.23 trillion, up 12 per cent from Rs 21.63 trillion in the current fiscal
 "12% tax revenue growth achievable in 2020-21 fiscal, says Revenue Secy")
City industrialists air concerns to FM Sitharaman over Budget 2020
The finance minister is in city to discuss the government's vision on the budget with the stakeholders of various sectors
 "City industrialists air concerns to FM Sitharaman over Budget 2020")
Govt wants continuous engagement with businesses, industries: FM Sitharaman
She said the Centre has introduced some features in the budget like "faceless appeals and sorting out of problems while imparting tax administration"
AI, data analytics help GST collection, loopholes being plugged: Sitharaman
Red-flag reports prepared every month, SMS being sent to those mentioned therein
 "AI, data analytics help GST collection, loopholes being plugged: Sitharaman")
Economy fundamentals strong; markets show faith in Budget 2020: Sitharaman
FM says country's macroeconomic parameters are sound
 "Economy fundamentals strong; markets show faith in Budget 2020: Sitharaman")
Govt to reintroduce FRDI Bill, no timeline yet: FM Nirmala Sitharaman
FRDI was withdrawn in August 2018 after a backlash on a clause that put the onus on depositors to 'bail in', in case of bank failure
Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman
Move will benefit employees, policy holders and agents, says LIC chairman
 "Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman")
Why India's present slump is a more serious issue than earlier slowdowns
What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan
