Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh. In May 2016, she was one of the 12 candidates nominated by the BJP to contest the Rajya Sabha elections due on 11 June 2016. She successfully contested her seat from Karnataka. On 3 September 2017, she was elevated to Defence Minister. After Narendra Modi was re-elected in 2019 she became the first full time woman after Indira Gandhi to hold the Finance Minister post.
Read MoreThe Budget documents usually include the finance minister’s speech in Parliament, highlights, annual financial statement, finance bill containing tax proposals, memorandum explaining the provisions in the financial bill, and macroeconomic framework statement.
Sitharaman, who had in her first budget in 2019 replaced leather briefcase -- which had been in use for decades for carrying budget documents -- with a traditional red cloth 'bahi-khata', has spurt in tax collections to her aid in the budget that is expected to a spend-all budget.
Of the total revenue collected, CGST is Rs 24,674 cr, SGST is Rs 32,016 cr, IGST is Rs 72,030 cr and cess is Rs 9,674 cr.
For the uninitiated, the Union Finance Minister's love for subtly elegant handloom and silk sarees is well known, and hence, it's reasonable to assume that her sartorial choices are what distinguishes her appearance.
Equity benchmarks notched up solid gains on Tuesday ahead of the presentation of the Union Budget 2022-23.
Finance Minister Nirmala Sitharaman said that overall, sharp rebound and recovery of the economy is reflective of our country's strong resilience. India's economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.
Mukesh Aghi, president, US India Strategic and Partnership Forum (USISPF) said the American companies have high expectations from what Sitharaman would present in her fourth annual budget on Tuesday.
Ahead of the Union Budget 2022-2023, let's take a look at what different business sectors are hoping for from the Modi government.
The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
Parliament Budget Session: President Ram Nath Kovind said that India is emerging as one of fastest growing economies due to the government's relentless efforts.
On the first day on Monday, the President will address the Members of both the Houses after which copies of his address will be laid on the Table.
Nirmala Sitharaman on February 1, 2021 presented what she called was 'once-in-a-century budget' as it looked to revive Asia's third-largest economy via investing in infrastructure and healthcare while relying on an aggressive privatisation strategy and robust tax collections.
Earlier this month, Power and New & Renewable Energy Minister RK Singh had indicated that a green hydrogen policy will be unveiled in Feb which would feature many incentives to boost green hydrogen in the country.
As per the statement, of the rules of procedure and conduct of business lists the members of Rajya Sabha should "acknowledge their responsibility to maintain the public trust reposed in them and should work diligently to discharge their mandate for the common good of the people."
Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 in a paperless form for the second time on February 1. Earlier, the Union Budget of 2021-22 was delivered in paperless form for the first time.
Budget 2022: The healthcare sector wants the government to allocate funds for the development of resources to strengthen the monitoring system of the health status of the public and push the research and development to discover products to address health-related issues.
The Finance Minister said the government is now fighting in every court to save taxpayers' money that would otherwise go towards paying for arbitration awards that Devas has won against the cancellation of the 2005 deal.
LIC IPO is crucial for meeting the ₹1.75-lakh crore disinvestment target set for the current financial year ended March 2022.
Nirmala Sitharaman said that Akhliesh Yadav is shaken by the raids, as she sought to defend the action by central agencies against perfume traders in Uttar Pradesh ahead of the polls.
The 46th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to deliberate on the issue further in its next meeting.
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