Various changes to the income tax laws came into effect that will impact Indian taxpayers from April 1, 2023, which marks the start of the new fiscal year 2023-24. The Indian economy has seen a boom, especially in the tax collections from the past few years. For the Financial Year 2022–2023, direct tax revenue increased […]
Tag Archives: Nirmala Sitharaman
Bengaluru Tech Summit-2021 To Be Held In Hybrid Mode This November
Bengaluru tech summit 2021 will be held in hybrid mode in November. PM Narendra Modi and Kamla Harris will be invited to participate in the event.
FM Rolls Out Loan Guarantee Scheme To Revive The Worst-hit Travel & Tourism Sector
Finance Minister Nirmala Sitharaman rolls out a new 100% guaranteed loan scheme that will be provided to registered tourist guides and other travel and tourism stakeholders who are facing a financial crisis.
No Complete Ban on Cryptocurrency or Blockchain And Fintech: Finance Minister Nirmala Sitharaman
New Delhi, March 17: Union Finance Minister Nirmala Sitharaman on Monday, March 16, 2021, cleared that there will be no complete ban on cryptocurrency or blockchain and fintech. The minister said that a Cabinet note will all details will get ready soon. “My view on this is that of course the Supreme Court had commented […]
Rakesh Jhunjhunwala Says He Will Never Buy Bitcoin, Cryptocurrencies Should Be Ban
The digital token, Bitcoin, recently hit an all-time high of USD 58,332.36. However, this was not enough to allure ace investor Rakesh Jhunjhunwala. On the trading of bitcoins, the big bull told CNBC’s “Street Signs Asia” that he would never invest in the cryptocurrency. “I won’t buy Bitcoin even for $5. In the world, only […]
Union Budget 2021-22: Here Is What the First Paperless Budget Has In Store for Business Start-Ups
Union Finance Minister Nirmala Sitharaman on Monday presented the central government budget for the upcoming financial year 2021-22 in the parliament. The start-up sector also received a fair share of the estimated public expenditure for the fiscal year set ti begin from April 1, this year. To encourage budding start-up owners and aspiring business person, […]
Union Budget 2021: Here Is What the First Paperless Budget Has In Store for the MSME Sector
Union Finance Minister Nirmala Sitharaman on Monday presented the central government’s Budget for the upcoming financial year 2021-22 in the Parliament. The MSME sector got a fair share of the estimated public expenditure for the next fiscal year set to begin from April 1 this year. In the budget unveiled today in Lok Sabha, Sitharaman […]
India’s Economic Growth in FY21 May Be Negative or Near Zero Due to Ongoing Coronavirus Pandemic, Says Nirmala Sitharaman
New Delhi, October 28: Finance Minister Nirmala Sitharaman on Tuesday said that India’s economic growth in the current financial year may be in the negative zone or near zero amid the ongoing coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, Sitharaman, however, noted that signs of revival are visible now and India would […]
ECLGS for MSMEs: Banks Sanction Rs 1.87 Lakh Cr to 50.7 Lakh Business Units Under Credit Guarantee Scheme
New Delhi, October 10: In a bid to help the micro, small and medium enterprises (MSMEs) sector, which has been the worst-hit by the COVID-19 pandemic, the Finance Ministry announced that banks have sanctioned loans of about Rs 1,87,579 crore to 50.7 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme […]
Finance Ministry Sanctions Rs 1.61 Lakh Crore Worth of Bank Loans to MSMEs Under ECLGS to Battle COVID-19 Pandemic
New Delhi, September 8: Union Finance Minister Nirmala Sitharaman on Monday announced that the Central government had so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). The amount has been sanctioned as a component of the Rs 20-lakh crore Self-Reliant India Mission package, announced […]