Nirmala Sitharaman News
Nirmala Sitharaman took over as the Finance Minister of India in 2019 under the Narendra Modi-led government at the Centre after former FM Arun Jaitley stepped aside on health grounds. She is India’s first full-time female Finance Minister. She joined the BJP in 2006 and has come to be known as one of the highly influential figures in the political party. She was named one of Forbes “100 Most Powerful Women” in the world. She presents Union Budgets every year in February. In 2019, reduction in corporate tax rates under her leadership significantly helped the In
We have pre-paid large chunk of high-cost govt debt, to help state borrowings: FM
She said this will also help bring down the cost of horrowing for states.
2 min read11 Mar 2025GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week
The slight upward revision in the economic growth rate projection – from 9.7% in January to 9.9% in February – allows the government to have a slightly larger fiscal deficit in absolute terms without breaching the target of 4.8% of nominal GDP set for the current financial year.
3 min read6 Mar 2025India’s tax authorities should work harder to make peace with taxpayers
India’s income tax system still seems too combative, as seen in its data on tax disputes, and a new draft bill only offers to simplify rules. The relationship between authorities and taxpayers needs a sea change.
4 min read6 Mar 2025FM Sitharaman confirms THESE many central, state schemes now under DBT: How will this help beneficiaries?
FM Sitharaman stressed that PFMS interacts with over 250 external systems, such as the Government e-Marketplace (GeM), Goods and Services Tax Network (GSTN), PM Kisan, and the Tax Information Network (TIN 2.0).
2 min read1 Mar 2025FM Sitharaman directs civil account officials to make govt’s annual accounts ‘user-friendly’: How will it help you?
FM Sitharaman said that since much digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA.
2 min read1 Mar 2025Mint Explainer: Can capital gains make you ineligible for a tax rebate?
Say you make ₹12 lakh a year but earn ₹1 lakh from capital gains on your investments, pushing your total income above the rebate threshold. Will you still receive a rebate or will your entire income be taxed? Nobody seems to know.
4 min read20 Feb 2025What is Free Look Period? FM Sitharaman urges insurance companies to extend time to one year
Union Finance Minister Nirmala Sitharaman reportedly urged insurance companies to increase the free look period to one year, from one month at present. What is a free look period in insurance, and how can policyholders benefit from it? Here are the details.
1 min read17 Feb 2025Simplify, simplify, simplify: The mantra of India’s Income Tax Bill
A well-drafted tax law will play a key role in contributing to our shared vision of a Viksit Bharat. However, its success hinges on complementary reforms in other areas, particularly in tax administration and dispute resolution.
2 min read16 Feb 2025India’s new income tax bill: It’s more concise and makes for a friendly tax law
The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions and modernize the tax system to support both economic growth and the ease of doing business.
3 min read14 Feb 2025India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes no substantive changes, it lays a foundation for India to improve the law.
4 min read14 Feb 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared