Finance Minister Nirmala Sitharaman on Monday launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS - MSME) for facilitating loans upto Rs.100 crore to MSMEs for the purchase of machinery or equipment without collateral.
Keeping people earning up to Rs 12 lakh annually out of the income tax ambit has triggered a debate that the government has shifted focus to boosting consumption after the two consecutive quarter GDP figures showed tepid growth.
Prime Minister Narendra Modi praised Finance Minister Nirmala Sitharaman's address in Parliament, stating that it provides a clear picture of the Indian economy and the reform trajectory government is undertaking.
Addressing a press conference here on Saturday, Vaishnaw projected consistent growth at 6-8 per cent in the coming years and credited Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.
Insig Edu Sports LLP, a Government of Odisha-recognized startup company, has announced the launch of the Padukone School of Badminton in Odisha. Established by legendary badminton player Padmashree Prakash Padukone, the academy has trained and prepared 900 coaches under its curriculum, helpi
This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman on Thursday, seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different categories of taxpayers, including individuals, businesses, and non-profit organisations.
Aam Aadmi Party (AAP) MP Raghav Chadha on Friday alleged that Union Finance Minister Nirmala Sitharaman did not reply to several issues raised by him during debate on Union Budget and that he stands by the example he gave on the tax rebate given by him.
Minister Sitharaman, earlier on Friday, tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernise definitions, and provide more clarity on various tax-related matters. It seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different cat
Opposition members slammed provisions of the Union Budget, saying demands of non-BJP-ruled states were overlooked, while BJP members rejected the allegations and said Finance Minister Nirmala Sitharaman's announcements will ensure inclusive and faster development
Lok Sabha and Rajya Sabha were adjourned till March 10 on Thursday with the JPC report on the Waqf Amendment Bill tabled in Parliament and the two Houses completing debate on the Union Budget with Finance Minister Nirmala Sitharaman replying to marathon discussion.
"The Union Finance Minister had said that the new Income Tax Bill will be simpler than the previous bill. In the previous Bill, there were 296 sections. In the new Bill, there are more than 500 sections. In the previous Bill, there were 5 schedules. In the new Bill, there are 14 schedules
Responding to the Congress MP Priyanka Gandhi's statement on inflation, Union Minister Jyotiraditya Scindia said on Wednesday pointed out that the inflation rate has decreased significantly under the leadership of Prime Minister Narendra Modi, from 8-9% in 2014 to 4.5-5% currently.