Sitharaman, who is in Washington DC for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank, discussed the current economic situation and India’s approach towards addressing the prevailing challenges in Sri Lanka on Monday, the Ministry of Finance said.
Nirmala Sitharaman had rebutted a tweet by former finance minister P Chidambaram that the government burdened the people with huge fuel tax.
The previous high for collection of revenues from goods sold and services rendered was in January 2022 at over Rs 1.40 lakh crore.
The bill, introduced by Finance Minister Nirmala Sitharaman, was passed after cut motions, moved by various opposition members, were rejected.
The Reserve Bank of India and the Union government have not given any sort of recognition to cryptocurrencies and, therefore, they are not legal in the country right now, the Union minister of state for finance, who had come here to attend a function, told reporters.
Without naming Rahul Gandhi, the Finance Minister referred to the Congress leader's remarks on poverty to counter the criticism from Opposition leaders, including former finance minister P Chidambaram of the Budget leaving out the poor.
"Double digit inflation during UPA-1, UPA-II was indeed 'andhkaal', and coal scam, 2G scam, antrix-devas scam, that all was andhkaal," Sitharaman said.
Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.
The Delhi Police was allocated Rs 8,654.26 crore in 2021-22.
At present, the import duty on cut and polished diamonds and gemstones is 7.5%. After Budget 2022, the duty will be cut down to 5%.
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.
The General Budget is presented by the Finance Minister every year in Parliament on Feb 1.
FM Sitharaman will hold consultations with representatives of services and trade sector and with experts from industry, infrastructure and climate change.
These “should be our policy goals,” Sitharaman said at the in-person meeting of the 4th G20 Finance Ministers and Central Bank Governors under the Italian presidency.
Having done 2 rounds of bank consolidation earlier, the Central govt in 2019 decided to merge 6 disparate and weak PSBs into four in one stroke.
The building has provision for solar panels for power generation and a Rain Water Harvesting system, they said.
The National Monetisation Pipeline (NMP) comprises a four-year pipeline of the Central Government's brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the Asset Monetisation initiative of the government, said an official statement.
The supplementary budget was presented by Finance Minister Suresh Kumar Khanna in the presence of CM Yogi Adityanath.
The Finance Minister also announced the government's decision to a major initiative for smart metering for all public utilities.
Moving the Factoring Regulation (Amendment) Bill, 2020 for consideration and passage, Finance Minister Nirmala Sitharaman said the changes in the legislation are aimed at helping the MSME sector.
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