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nirmala sitharaman

Sitharaman calls on global community to assist nations burdened by debt

by Craig Fedirighi
Sitharaman calls on global community to assist nations burdened by debt

MUMBAI: Union finance minister Nirmala Sitharaman on Friday pitched for greater coordination among the international community to address the challenges faced by debt-saddled low and mid-income countries. Addressing a seminar …

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Categories Business

Parliament Approves GST Amendment Bills Imposing 28% Tax on Online Gaming

by Craig Fedirighi
Parliament Approves GST Amendment Bills Imposing 28% Tax on Online Gaming

NEW DELHI: Parliament on Friday approved the amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online …

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Categories Business

Cabinet Approves GST Law Changes; Bill Expected Tomorrow

by Craig Fedirighi
Cabinet Approves GST Law Changes; Bill Expected Tomorrow

NEW DELHI: Finance minister Nirmala Sitharaman is likely to introduce amendments to the Central GST law on Friday and seek its passage during the monsoon session of Parliament as the …

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Categories Business

Government Expected to Increase Dearness Allowance to 45 Per Cent, a Likely 3 Per Cent Hike

by Craig Fedirighi
Government Expected to Increase Dearness Allowance to 45 Per Cent, a Likely 3 Per Cent Hike

Home Business Centre to Increase Dearness Allowance by 3% to 45% | Important Information You Should Know The dearness allowance is expected to be increased from the current 42% to …

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Categories Business

Government Announces 28% Tax on Online Gaming During GST Council Meeting, Effective October 1st

by Craig Fedirighi
Government Announces 28% Tax on Online Gaming During GST Council Meeting, Effective October 1st

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced a 28% tax on online gaming, effective from October 1. The announcement was made by the minister after the GST Council …

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Categories Business

FM Sitharaman to review implementation of 28% GST on online gaming after 6 months, set to occur from October 1

by Craig Fedirighi
FM Sitharaman to review implementation of 28% GST on online gaming after 6 months, set to occur from October 1

NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said that 28% GST on online gaming will hopefully be effective from October 1, 2023. Speaking to reporters after the GST …

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Categories Business

Direct Listing on IFSC Exchanges in GIFT City Now Open for Indian Companies

by Craig Fedirighi
Direct Listing on IFSC Exchanges in GIFT City Now Open for Indian Companies

Indian companies – listed and unlisted – can now directly list on the International Financial Services Centre (IFSC) in Gujarat’s GIFT City, finance minister Nirmala Sitharaman said on Friday. Sitharaman, …

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Categories Business

What Does Allowing Indian Companies to Directly List on Foreign Exchanges Mean for India Inc? – Nirmala Sitharaman

by Craig Fedirighi
What Does Allowing Indian Companies to Directly List on Foreign Exchanges Mean for India Inc? – Nirmala Sitharaman

MUMBAI – The government’s decision to allow Indian companies to go for direct listing on foreign exchanges as well as on the International Financial Service Centre (IFSC) has been praised …

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Categories Business

Nirmala Sitharaman suggests expanding PLI scheme to include chemicals and petrochemicals

by Craig Fedirighi
Nirmala Sitharaman suggests expanding PLI scheme to include chemicals and petrochemicals

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said the government will consider extending the Production Linked Incentive (PLI) scheme to chemicals and petrochemicals, with an eye to make India …

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Categories Business

Nirmala Sitharaman: Over 7.4 crore ITRs filed in FY23, with over 5.16 crore reporting zero tax liability

by Craig Fedirighi
Nirmala Sitharaman: Over 7.4 crore ITRs filed in FY23, with over 5.16 crore reporting zero tax liability

NEW DELHI: Number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of which about 5.16 crore declared zero …

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Categories Business
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