Union Finance Minister Nirmala Sitharaman has said that the Income Tax Department has sent about one lakh notices to individuals for non-filing of returns or understating incomes in the past years.
Acknowledging that she has received complaints of merciless loan collections by some banks, Union Finance Minister Nirmala Sitharaman informed Parliament on Monday that instructions were given to banks, asking them to deal with sensitivity.
Finance Minister Nirmala Sitharaman, on Monday, met her Bangladeshi counterpart Mustafa Kamal on the sidelines of the G20 Finance Minister and Central Bank Governors meeting in Gujarat.
Addressing a press conference after meeting with US Treasury Secretary, Janet Yellen the Finance Minister Nirmala Sitharaman said, "I look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms
With a focus on ease of doing business, competitive tax structures, and trusted business regulations, GIFT International financial Services Centre (IFSC) has already attracted over 400 entities from various business segments including banking, capital markets, insurance, and fintech.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting on Thursday to review the performance of Public Sector Banks (PSBs) on various financial health parameters for the financial year 2022-23.
CM Dhami requested the Union Minister to finance an amount of 1774 crores for the Song Dam drinking water project under special assistance from the Government of India.
Mahila Samman Savings Certificate scheme was announced in the 2023-24 Union Budget by Finance Minister Nirmala Sitharaman and is a significant step towards financial inclusion and empowerment of women.
"GST has done justice to the consumers by bringing the rates down compared to the previous regime. Before GST was introduced, India's indirect tax system was fragmented, where every state was effectively a distinct market for the industry as well as the consumer. GST has brought in greate
"Before our government came to power in 2014, difficulty in the Indian banking system actually started because of irrational 'Phone Banking' which happened during the tenure of the UPA government. Back then, the priority in lending was given to not-so-worthy customers in an unprofessional
The additional borrowing window for states was announced by the Union Finance Minister Nirmala Sitharaman in Union Budget 2021-22. Under the initiative, an additional borrowing space of up to 0.5 per cent of the Gross State Domestic Product (GSDP) is available to the States annually for a fo