Union Finance Minister Nirmala Sitharaman announced relief for citizens, especially those planning to purchase home appliances and gadgets. On July 3, the Goods and Services Tax (GST), which was implemented on July 1 and is now in its sixth year, has been cut by the government. Appliances like smart-tv, fridges, AC, washing machines and others. The Ministry of Finance took to Twitter and announced the same officially.
Courtesy: Jagran TV
Union Finance Minister Nirmala Sitharaman addressed Mindmine Summit 2022, and said many countries have evinced interest for bilateral trade in the rupee. The announcement and interest came after the RBI announced a mechanism recently. "It isn't the rouble-rupee which was in the old format. Now this (bilateral rupee trade) formulation, which I am glad the RBI has come up at a time which was so critical," said Nirmala Sitharaman.
Courtesy: Press Trust of India
The FM Nirmala Sitharaman said the RBI has expressed concerns over cryptocurrencies. On July 18, Nirmala Sitharaman said, they should be prohibited as they can have a destabilising effect on monetary and fiscal stability. FM said, "In view of the concerns expressed by the RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, the RBI has recommended for framing of legislation".
Courtesy: Press Trust of India
Union FM Nirmala Sitharaman, on February 1, presented the Union Budget 2022-2023. This year's budget has a main focus on women, children, infrastructure development, farmers and technology development. National Highways, medical infrastructure and startup funding for micro, small and medium enterprises are also under the budget, announced by Sitharaman. Sitharaman said, "we strive to provide a necessary ecosystem for middle class". This year… read-more
Chhattisgarh CM Bhupesh Baghel, demanded fund of Rs 15,000 crore to conduct Anti-Naxal Operations. On December 30, Baghel urged the Centre to disburse the amount for security operations in the State. In addition, during the pre-budget meeting with Union Finance Minister Nirmala Sitharaman, Baghel also demanded to release pending amount of 'additional levy' & GST payments. The demands came at a time of economic crisis amid COVID-19… read-more
Courtesy: Press Trust Of India
Finance Minister Nirmala Sitharaman on November 30 said Central Government has planned to bring a bill to regulate crypto currency in India. Addressing the Rajya Sabha, the Union FM said, "I am indicating, there will not be a prohibition (on Cryptocurrency.'' Reportedly, the Union Government's bill will include a framework, regulations, and restrictions on Cryptocurrency, instead of a complete ban in India.
Courtesy: United News of India
Union Finance Minister Nirmala Sitharaman, on November 29, said that Central Government will not accept cryptocurrency as a legal tender. She clarified that the government does not collect data on bitcoin transactions in India. Moreover, the Centre will introduce Cryptocurrency Regulation of Official Digital Currency Bill, 2021 in the Winter Parliament Session, prohibiting all cryptocurrency holders in India with certain exceptions.… read-more
Courtesy: News 18