Tag Archives: Nirmala Sitharaman

Infosys admitted glitches in I-T portal, resolving them: Finance Ministry

By | July 20, 2021

Infosys has acknowledged the technical issues in the new Income Tax portal and some of the initial glitches like slow functioning of the portal and non-availability of certain functionalities have been mitigated, Parliament was informed on Tuesday. The portal www.incometax.gov.in had a bumpy start from the day of its launch on June 7 as… Read More »

India to contest Cairn arbitral award, other suits filed by firm: Sources

By | February 19, 2021

India will file an appeal against the Cairn arbitration award soon and will defend its sovereign rights to tax, sources said a day after Cairn Energy CEO Simon Thomson sought swift enforcement of the over-$1.2 billion award during his meeting with top finance ministry officials. Sources said the government will strongly contest other suits… Read More »

MARKET LIVE: Sensex gains 400 points ahead of Budget; financials up

By | February 1, 2021

LIVE updates: The Indian markets made a firm, but volatile, start on Monday ahead of the Budget 2021, which will be presented by Finance Minister Nirmala Sitharaman in the Parliament later in the day. Among the headline indices, the S&P BSE Sensex was trading at 46,720 levels, up 440 points. The broader Nifty50 index hovered above the… Read More »

CAIT urges FM Nirmala Sitharaman to defer rollout of Rule 86B in GST

By | December 25, 2020

Traders’ body the Confederation of All India Traders (CAIT) on Friday urged Finance Minister Nirmala Sitharaman to defer the implementation of Rule 86B in GST, whereby businesses with over Rs 50 lakh monthly turnover will have to pay at least 1 per cent of their GST liability in cash, terming it a “counter productive” measure that will… Read More »

FM Nirmala Sitharaman told to extend ITRs, tax audit and AGM time frame

By | December 23, 2020

The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28 TopicsNirmala Sitharaman | income tax returns | tax filing Direct tax professionals have sought extension for tax audit report, income tax returns for audit cases and time limit for AGMs in the… Read More »

Don’t tweak inflation target range: Economists tell FM in pre-Budget talks

By | December 23, 2020

Economists have asked the government not to tweak the range of consumer price inflation target for the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC). In a pre-Budget interaction with Finance Minister Nirmala Sitharaman on Wednesday, they asked the government to stick to the inflation target of 4 per cent, with tolerance levels… Read More »

Banking on Budget: Some key indirect tax measures govt should focus on

By | December 23, 2020

Union Finance Minister Nirmala Sitharaman will present the third Union Budget of Modi government 2.0 on February 1, 2021. While the Indian economy has started to show signs of revival amid the ongoing Covid-19 pandemic, India Inc is waiting to see how the government will strike a balance between providing necessary fiscal stimuli by increasing expenditure… Read More »

Industry seeks front-loading infra spend, tax breaks in upcoming Budget

By | December 21, 2020

Companies are seeking clearing of dues, implementation of announced reforms, and tax breaks to aid infrastructure investment in the country. These were some of the suggestions made during Finance Minister Nirmala Sitharaman’s 12th pre-Budget consultations with representatives from the infrastructure, energy, and climate change-oriented businesses. To incentivise investments in infrastructure, the Federation of Indian… Read More »

IBC to remain ‘rightfully’ suspended till FY21 end: FM Sitharaman

By | December 21, 2020

Finance minister Nirmala Sitharaman on Monday said that the Insolvency and Bankruptcy Code (IBC) will remain suspended for another three months or so till the end of the current financial year. “Gradually even the suspension of the IBC has been postponed even further from 25th of December, I think up to March 31, 2021,”… Read More »