Centre working with states to improve GST collection: FM
In order to spur growth, the government is trying to frontload infrastructure.
Bengal FM cautions govt against reviewing exemptions under GST
West Bengal finance minister Amit Mitra, in his letter to Union finance minister Nirmala Sitharaman mentioned the exemptions to commodities from GST that were discussed in a meeting. He said the basic principle behind exempting these items was that these were consumed predominantly by the poor and the underprivileged.
FM Sitharaman assures smooth functioning of Economy amidst growing political unrest
"I don’t think the challenges to the economy and the government’s responses to them are going to be diluted," Sitharaman said, speaking to an audience via video channels at Times Network's India Economic Conclave 2019. "We can assure every step is being taken in order to ensure that india and the economy goes forwards and benefits all."
FM’s pre-budget talks with stakeholders to begin today
“Over next few days, FM will meet stakeholder groups from start-ups, fintech and digital, financial sector, capital markets, industry, services and trade, agriculture and agro processing, social sector, water and sanitation, trade union and labour organisations, industrialists, infrastructure, energy and economists,” the finance ministry said
FM to hold pre-Budget consultations with stakeholders beginning Monday
As per the finance ministry, Sitharaman will meet stakehokder groups of 'New Economy: Start-ups, Fintech and Digital Sector' on Monday morning, and financial sector and capital market representatives later in the day.
Banks reach out to advisers seeking clarity on GST over CBLO income
CBLO is a lending and borrowing instrument issued in an electronic book entry form, for a maturity period ranging from one day to one year. Borrowers and lenders carry out transactions on the Clearing Corporation of India platform. There is no GST on interest charged by banks but there is no clarity whether returns on CBLO are an interest or profit.
Food cos write to FM Nirmala Sitharaman as GST fears mount
There is widespread speculation that rate increases will be announced at the GST Council meeting on Dec 18.
Fiscal prudence is important but growth will take precedence: Sources, Ministry of Finance
Fiscal prudence is important but growth will take precedence, will look to use fiscal room provided in FRBM Act in upcoming budget: Ministry...
Bangladesh FM cancels India trip; MEA says not related to CAB
Speaking to the media, MEA spokesperson Raveesh Kumar said Bangladesh's Foreign Minister A.K. Abdul Momen had conveyed that he had changed his programme on account of domestic issues pertaining to the commemoration of the Victory Day of Bangladesh on December 16.
Financial sector firms pitch for tax break, GST reduction at pre-Budget meeting with FM
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, representatives of financial sector and capital markets also highlighted the need for governance changes in public sector banks (PSBs) with special focus on recommendations of the P J Nayak Committee.
RBI had no objection to issuance of electoral bonds through SBI: FM
Nirmala Sitharaman on Tuesday said in Rajya Sabha that the RBI had no objection to issuance of electoral bonds through SBI. Replying to a supplementary during the Question Hour on electoral bonds through the SBI, the Finance Minister said RBI being a stakeholder was involved in extensive consultations with the government at the stage of conceptualisation.
FM's remarks on economy disappointing in extreme: Yashwant Sinha
Yashwant Sinha said the root cause of the current economic crisis is "death of demand" in the country. He alleged that the government ignored the agriculture distress in the country. Sinha also raised questions over the data for calculating GDP numbers. He added that companies after companies are facing bankruptcy and the govt has stated that it would have to close Air India.
FM Nirmala Sitharaman says centre committed to paying GST compensation; does not give timeline
During the debate in the Rajya Sabha on the bill seeking Parliamentary nod for additional or supplementary spending in the current fiscal, Congress, Left and TMC raised the issue of non-payment of the GST compensation. The FM said the Centre was committed to discharging its obligation and asserted that "no one should have any doubt".
Buzz of increasing GST rates everywhere except my office: FM Nirmala Sitharaman
Ahead of the crucial meeting of the GST Council, Finance Minister Nirmala Sitharaman on Friday said the buzz of an increase in GST rates is ...
FM Booster 4.0: Experts cheer tax cuts, say move to arrest slowdown
Following the announcement, Sensex and Nifty logged their biggest single-day gains in a decade.
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