Nirmala Sitharaman

Corporate Tax To Be Cut Gradually: Nirmala Sitharaman

Business | Press Trust of India | Monday August 19, 2019

In her Budget speech, Finance Minister had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25% from 30% earlier.

Still In Talks With PMO On What Steps To Take: Finance Minister On Auto Sector's Revival

Seshan Vijayraghvan (With inputs from PTI) | Saturday August 17, 2019

Following the auto industry's request made to the Government to help revive the auto sector, Finance Minister, Nirmala Sitharaman has now said that they are still in talks with PMO (Prime Minister's Office) on this matter.

Scrapping Article 370 Integrated J&K With Country: Nirmala Sitharaman

India News | Press Trust of India | Friday August 16, 2019

BJP leader and Union Finance Minister Nirmala Sitharaman said on Friday that Prime Minister Narendra Modi and Union Home Minister Amit Shah integrated Jammu and Kashmir with rest of India by scrapping Article 370.

Economic Stimulus Decision Unlikely Before Monday: Report

Business | Thomson Reuters | Friday August 16, 2019

Prime Minister Narendra Modi on Thursday held a meeting with officials to discuss steps to arrest a slowdown, the source added.

PM Reviews Economy With Nirmala Sitharaman Amid Slowdown Concerns: Report

India News | Press Trust of India | Friday August 16, 2019

Prime Minister Narendra Modi on Thursday comprehensively reviewed the state of the economy with Finance Minister Nirmala Sitharaman as his government scrambled for solutions to tackle a fast-spreading slowdown in various sectors, which is eroding wealth and causing job losses.

Nirmala Sitharaman Meets Real Estate Developers, Homebuyers

Business | Indo-Asian News Service | Sunday August 11, 2019

The major subjects discussed in the meeting included liquidity problems and completion of stalled projects.

Foreign Investors Hopeful Of Resolution Of Tax Issue After Meeting Finance Minister

Business | Friday August 9, 2019

FPIs had more than an hour long meeting with the finance minister and she patiently heard the concerns of the FPIs.

Government Working On Stimulus Package To Counter Slowdown: Report

Business | Indo-Asian News Service | Thursday August 8, 2019

The stimulus is also likely to cover the financial markets that may get relief from the tax on FPIs imposed in this year's Budget.

Government Planning Tax Relief For Foreign Investors, Says Report

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday August 8, 2019

The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government official as saying on Thursday. The development came days after Finance Minister Nirmala Sitharaman said the government would soon hold discussion...

Government Looks To Exempt Foreign Portfolio Investors From Higher Taxes: Report

Business | Thomson Reuters | Thursday August 8, 2019

In the Budget last month, Nirmala Sitharaman proposed to hike taxes on those earning more than Rs 2 crore annually, a step that rattled many FPIs.

Bankers Agree To Take Steps To Review Lending Rate Transmission: Finance Ministry

Business | Press Trust of India | Monday August 5, 2019

Since December 2018, monetary policy has been eased substantially by the Reserve Bank of India (RBI) with policy rates being cut by 75 basis points (bps) and policy outlook being changed to 'accommodative'.

Government To Soon Hold Discussions With Foreign Investors: Nirmala Sitharaman

Business | Press Trust of India | Monday August 5, 2019

FPIs pulled out Rs 2,881.10 crore from debt and equity segments on August 1 and 2. In July, they had withdrawn a net amount of Rs 2,985.88 crore from the capital markets.

Amit Shah Heads To Cabinet Meet At PM's Home, Met Law Minister Before

India News | Edited by Jimmy Jacob | Monday August 5, 2019

The Union cabinet will meet at the official residence of Prime Minister Narendra Modi in New Delhi today amid rising tensions in Jammu and Kashmir. One of the most important panels, the Cabinet Committee on Security, includes the Prime Minister, Rajnath Singh, Amit Shah, Nirmala Sitharaman and S Jaishankar, will also meet today.

Government To Infuse Rs 10,000 Crore In Housing Finance Companies

Business | Thomson Reuters | Friday August 2, 2019

The government is trying to take steps to revive economic growth of Asia's third-largest economy that has slumped to a five-year low.

"Failures Shouldn't Be Taboo": Finance Minister On Coffee Baron's Death

India News | Press Trust of India | Thursday August 1, 2019

Reacting to the death of Cafe Coffee Day founder VG Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked down upon.