New Delhi: Finance Minister Nirmala Sitharaman on Saturday urged banks to raise more deposits from the public and step up lending for government schemes announced in Budget 2024-25. Addressing the media after a post-Budget meeting with the RBI’s Central Board of Directors here, the Finance Minister said that banks must focus on the core business … Read more
Parliamentary approval for the Budget 2024-25 was completed on Thursday with the Rajya Sabha returning the relevant legislations to the Lok Sabha after Finance Minister Nirmala Sitharaman’s spirited reply to the debate emphasising Budget was aimed at promoting investments and creating jobs. The Rajya Sabha returned the Appropriation Bill and the Finance Bill to the … Read more
The Budget, presented on July 23, had proposed a lower 12.5 per cent rate of LTCG tax, down from 20 per cent, while doing away with the indexation benefit. Replying to a debate on the Finance Bill, Finance Minister Nirmala Sitharaman said the rollover benefit will be available to taxpayers who buy new immovable property … Read more
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the central government relaxed the freshly-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. Union Finance Minister Nirmala Sitharaman in … Read more
Lok Sabha member Mahua Moitra on Tuesday hit out at Finance Minister Nirmala Sitharaman, saying she has made a mockery of the people of India in the budget by doing absolutely nothing and whatever little changes are there are regressive and ill thought of. Speaking in the Lok Sabha, Moitra criticised the budget for failing … Read more
New Delhi: Listening to the industry’s demand, the government on Tuesday moved an amendment to the Finance Bill 2024, to allow taxpayers select either a 12.5 per cent long-term capital gains (LTCG) tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year. Finance Minister Nirmala … Read more
Arun Halder said each and every person in Rahul Gandhi’s family had a habit of conning and fooling people. (X@arunhalderncsc) In an interview with News18, Arun Halder slammed the brouhaha over the BJP leader’s question and said there was no need for Rahul Gandhi to hide his identity or lineage Arun Halder, former chairman of … Read more
Finance minister Nirmala Sitharaman on Monday told the Lok Sabha that the government is closely monitoring any harassment of borrowers during loan recovery and is willing to hear any cases that come up. The finance minister made this observation in her reply on the loans sanctioned under MUDRA Scheme, where she stated that the non … Read more
The Serious Fraud Investigation Office (SFIO) is carrying out a detailed probe into the matter related to the Sahara group companies and further action will be taken after its report, Union Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. To a query on why all investors of the Sahara group companies have … Read more
New Delhi: West Bengal Governor CV Ananda Bose slammed the TMC government on Sunday, saying that there are a lot of loopholes in the financial management of West Bengal and accused of diverting funds. Speaking to ANI, “It is the Governor’s duty to oversee that the functioning of the government is within the constitution of … Read more
