Nirmala Sitharaman: Page 3

News and Trends

Regulation Or Ban Of Cryptocurrencies Require Global Collaboration, Says Nirmala Sitharaman

The finance minister said that any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards

News and Trends

The Big Bang Budget For Startups

Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman, made a slew of announcements for the startups in the country

News and Trends

Govt Increases Allocation Towards Education By Around INR 8,000 Cr In FY22

The government has earmarked INR 93,224 crore for education-compared with revised figure of INR 85,089 for FY21-which includes INR 38,350.65 crore for higher education and INR 54,873 crore for school education

News and Trends

Budget 2021: Cheer for Senior Citizens, PF Contributors to be Hit

The interest income on PF contributions above INR 2.5 lakh per annum will now be taxed at the normal rates

News and Trends

Healthcare and Infrastructure Get Big Push; Fiscal Deficit Pegged At 9.5% For FY21

FM Nirmala Sitharaman announced the first Union Budget of the decade which envisions to bring the economy back on track

News and Trends

Tax Relief for Home Buyers, Credit for MSMEs and Employment Boost Part of FM's Third Stimulus Package

FM Nirmala Sitharaman announced yet another fiscal stimulus on the same day when the Reserve Bank of India said that India has most likely entered its first ever recession

News and Trends

The Govt Wants You to Spend; Announces Festival Advance to Boost Consumer Spending

To encourage consumer spending, Sitharaman announced two schemes- a leave travel concession (LTC) cash voucher and special festive advance-mainly aimed at benefitting central government employees

News and Trends

25,000 Returnee Migrant Workers to Get Jobs Under Garib Kalyan Rojgaar Abhiyaan: FM Sitharaman

The INR 50,000 crore public work scheme for migrants will be launched by PM Narendra Modi on 20 June via video conference from Telihar village in Khagaria District of Bihar

News and Trends

FDI Limit for Defence Equipment Hiked from 49% to 74%; FM Stresses on 'Make in India' for Defence

In the fourth tranche of measures, Finance Minister Nirmala Sitharaman announced policy reforms that will help build Atmanirbhar Bharat (self-reliant India)

News and Trends

Migrant Workers Get Free Food Grains, Portable Ration Cards and Subsidised Rental Housing Under INR 20 Lakh Cr Special Package

The second installment of special economic package of INR 20 lakh crore meant to fight the economic fallout of Covid-19 and help Atmanirbhar Bharat Abhiyan was announced on Thursday by FM Nirmala Sitharaman

News and Trends

INR 20 Lakh Crore Package: Emergency Credit For MSMEs, PF Rate Reduced and Liquidity Boost to NBFCs

FM Sitharaman on Wednesday announced first tranche of measures under special economic package of INR 20 lakh crore meant to fight the economic fallout of Covid-19

News and Trends

Coronavirus: FM Nirmala Sitharaman Unveils Package For the Poor

Named Pradhan Mantri Garib Kalyan Yojana, the stimulus package includes measures related to food security and direct cash transfer. It is expected to benefit urban and rural poor and migrant workers over the next three months.

Technology

[Budget 2020] Misses For the Healthcare Sector

At INR 69, 000 crore for FY21, the outlay for the health sector in Union Budget 2020 is a marginal improvement over INR 62,659 crore provided in the previous Budget

News and Trends

[Budget 2020] Government Focuses On Data and Technology To Build New Economy

Data centre parks , national mission on quantum technologies and applications and digitization via BharatNet on the offing

News and Trends

[Budget 2020] A Precious Little Something for Everyone

Rejigging of tax slabs appears a welcome move at first however, it is important to look closely into the implications of forgoing your deductions u/s 80C, 80D, 8024(b) etc