While speaking to ANI after the reforms came into effect, the Union Minister also highlighted that the Bharatiya Janata Party (BJP) had worked to ensure public trust in the new system.
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
Minister of State for Finance Pankaj Chaudhary on Thursday said that Prime Minister Narendra Modi won the trust of states, which made the rollout of the Goods and Services Tax (GST) possible.
Union Minister of State for Finance Pankaj Chaudhary stated that the new Goods and Services Tax (GST) slabs will provide relief to the common man, small traders and micro, small and medium enterprises (MSMEs).
More than 56 crore Jan Dhan accounts have been opened, in the last 11 years, bringing millions into the formal banking system, said Union Finance Minister Nirmala Sitharaman in a message marking the 11 years of the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Narendra M
The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the 29th meeting of the Financial Stability and Development Council (FSDC) in Mumbai on Tuesday. The meeting was also attended by Union Minister of State for Finance Pankaj Chaudhary.
The FM Sitharaman also praised the record time in which the new building was completed and lauded the DRI's role in national security, safeguarding India's economic frontiers and its commitment to curbing smuggling.
Minister of State for Finance Pankaj Chaudhary, Revenue Secretary Arvind Srivastava, Central Board of Indirect Taxes and Customs Chairman Sanjay Agarwal and other members of the board were also present during the inauguration.
Minister of State for Finance Pankaj Chaudhary on Monday lauded the arrest of fugitive Indian businessman Mehul Choksi in Belgium, stating that it was a "very big achievement".
India will review and assess the impact of reciprocal tariffs, said Union Minister of State for Finance Pankaj Chaudhary on Thursday, reacting to the 27 per cent tariffs on Indian export to the US.
"About the answer given in Parliament, it said that of all the cases they registered against politicians, such as MPs and CMs, they could only get substantial proof against only 2 of them but our question is about misuse (of ED). The organisation shouldn't be used for political purposes, the
The budget speech will outline the government's fiscal policies, revenue and expenditure proposals, taxation reforms, and other significant announcements.