The Union Budget allocated Rs 60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme for 2023-24, 18 per cent lower than the Rs 73,000 crore budget estimates for the current year 2022-23, and about 33 per cent lower than the Rs 89,000 crore revised es
Retorting to Telangana Chief Minister K Chandrasekhar Rao's statement of dubbing Prime Minister Narendra Modi's ambitious target of reaching a USD 5 trillion economy as a "joke", Union Finance Minister Nirmala Sitharaman on Thursday said that the debt of the State crossed Rs 3 lakh crores fr
Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP. This will be almost three times the outlay in 2019-20.
The Union Finance Minister stated that capital expenditure has the potential to benefit a range of core industries, making it an effective way to ensure that money is directed to the right places and generate multiplier effects.
The meeting between the Finance Minister and the High Commissioner of Sri Lanka took place just ahead of the first meeting of the G20 Finance Ministers scheduled to be held on February 24-25, 2023 in Bengaluru, chaired by Minister Sitharaman.
While replying to a query from DMK MP T Sumathy, the Finance Minister said, "At the moment, they (cryptocurrencies) are largely unregulated in India; whether it is mining or the asset or whether it is the transaction, we recognise that it is completely driven by technology and a standalon
Responding to a question on the new income tax regime announced in the Union Budget 2023, the Minister said that the simple step of trying to leave some money in the middle-class' hands leads to a lot of inferences. "We had said earlier we will simplify and reduce income tax rates, that's wh
The Governor was speaking at a joint conference of the central bank and the Finance Ministry held after the address of Finance Minister Nirmala Sitharaman to the Central Board of Directors of RBI in the customary post-Budget meeting on Saturday.
Union Finance Minister Nirmala Sitharaman on Friday termed the oil bonds issued during the Congress-led UPA government's tenure as "trickery", saying that the present government is repaying the burden