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 four ministers are in Singapore for the second India-Singapore Ministerial Roundtable (ISMR), scheduled for Monday. They will discuss bilateral cooperation and share perspectives on mutual interests.
Finance Minister Nirmala Sitharaman urged banks to prioritise their core business activities, emphasising the necessity of collecting deposits and lending with increased strictness.
Centre has brought an amendment to the Finance Bill 2024, to allow taxpayers to select either a 12.5 per cent long-term capital gains tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year.
The External Affairs Minister also mentioned that the government is monitoring the situation with regard to the minorities living in Bangladesh.
Parliament Monsoon Session Highlights: In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will introduce the Appropriation Bill and Finance Bill. The Appropriation Bill was passed in Lok Sabha today.
Mamata Banerjee said that the imposition of GST on insurance premiums increases the financial burden on the common people and urged Union Finance Minister Nirmala Sitharaman to withdraw the Centre's recent move in the Union Budget.
In a positive economic development, the government announced that July's Gross Goods and Services Tax (GST) collections have surged by 10.3%, reaching over Rs 1.82 lakh crore. This marks a significant improvement from the same period last year.
The I-T department's helpdesk has been operational 24x7, offering support through calls, live chats, WebEx sessions, and social media to assist taxpayers with ITR filing and related services.
ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.
Nitin Gadkari requested the Finance Minister to consider 'Withdrawal of GST' on Life and Medical Insurance Premium on priority as it becomes cumbersome for the senior citizens.
The Lower House of the Parliament approved the Union Budget 2024-25. The budget was presented by Union Finance Minister Nirmala Sitharaman on July 23.
Parliament Monsoon Session HIGHLIGHTS: The session is expected to address critical legislative business, including the passage of several key bills related to economic reforms, national security, and social welfare.
India's number one and most followed Super Prime Time News Show, ‘Aaj Ki Baat-Rajat Sharma Ke Saath' was launched just before the 2014 general elections.
Rahul Gandhi tried to show a picture of the Halwa Ceremony in the Lok Sabha, but Lok Sabha Speaker Om Birla refused. But during this time he said something, hearing which Finance Minister Nirmala Sitharaman put both her hands on her forehead.
The Enforcement Directorate (ED) is currently investigating the 187-crore Valmiki scam in Karnataka. So far, former Karnataka Minister and Congress leader B Nagendra has been arrested in the case. He is under judicial custody.
India's economic growth continues to shine while the global economy is still in the grip of policy uncertainty, Sitharaman added.
The Opposition objected to the special assistance given to Bihar and Andhra Pradesh, ruled by NDA allies, ignoring the demands of other states in the Budget. Leader of Opposition in Rajya Sabha Mallikarjun Kharge alleged that the Budget was prepared with a view to "save Modi government"
Climate Finance Taxonomy: As global temperatures continue to rise and the adverse effects of climate change become more pronounced, the urgency for countries to transition to a net-zero economy has never been greater. In such a context, the role of taxonomy becomes of paramount importance.
India's number one and most followed Super Prime Time News Show, ‘Aaj Ki Baat-Rajat Sharma Ke Saath' was launched just before the 2014 general elections.
Responding to criticism from the Opposition, Finance Minister Nirmala Sitharaman said those who are describing this as the 'Kursi Bachao Budget' must not forget that their 37-party-alliance managed to win only 230 Lok Sabha seats, whereas BJP alone has won 240 seats in the House.
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