Inflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Sitharaman said.
Union Minister said since March-April 2020, the Centre has been providing rice priced at Rs 30-Rs 35 free of cost without the State government and the beneficiaries having to contribute anything.
From March-April 2020, the Centre has been providing rice, priced at Rs 30-Rs 35, free of cost without the state government and the beneficiaries having to contribute anything.
Telangana has been given Rs 20,000 crore under the Mahatma Gandhi National Rural Employment Guarantee scheme in the past eight years.
Indian economy news: Meanwhile, Congress party leader Rahul Gandhi on Friday made a sharp attack on Finance Minister Nirmala Sitharaman for her handling of the Indian economy.
AAP MP Raghav Chadhamet met Union Finance Minister Nirmala Sitharaman in the national capital and sought a rollback of 12 percent GST on inns near the Golden Temple in Amritsar.
Nirmala Sitharaman in Rajya Sabha: The finance minister said that the government has adopted a targeted approach based on ground-level inputs to tackle retail inflation which is ruling at around 7 per cent.
Replying to supplementaries, Sitharaman said interventions that are happening from the RBI side are more for containing volatility that is happening between the Indian rupee and the US dollar and so on.
Chinese mobile manufacturers issued tax evasion notice: Three Chinese smartphone manufacturers have been issued tax evasion notice by the government.
Nirmala Sitharaman on inflation: No question of India getting into stagflation or recession as macroeconomic fundamentals of the economy are strong, Sitharaman said while replying to the opposition's statements that India will also be in a condition being faced by Sri Lanka, Pakistan.
Nirmala Sitharaman, India's finance minister, countered the Opposition's uproar over price rise and assured that the Indian economy is still the fastest growing economy.
Sonia Gandhi-Smriti Irani face-off: Congress MPs are likely to meet Lok Sabha Speaker to complain against BJP MPs and Council of Ministers who were present in the confrontation with Congress interim president Sonia Gandhi.
GST News: The government has exempted GST from being levied on several food items if they are sold in loose. Check out the list.
During a meeting of parties convened ahead of the Monsoon Session of Parliament, Tamil Nadu-based DMK and AIADMK demanded India intervene in the neighboring country which is facing a debilitating economic crisis.
The doctors' body cited another recommendation which stated that room rent exceeding Rs 5,000 per day per patient charged by the hospital will also be taxed at 5 percent, without input tax credit (ITC).
According to the Ministry of Commerce and Industry, the BRAP report includes 301 reform points that cover 15 business regulatory areas such as access to Information, single window system, labour, environment, sectoral reforms and other reforms spanning across the lifecycle of a typical business.
Many are hopeful that this time apart from petrol and diesel, a decision should be taken on bringing liquor under GST. However, there is no official word on these developments.
This is the second time that the GST Council meeting is being held in Srinagar. Before the launch of the Goods and Services Tax (GST) on July 1, 2017, the 14th meeting of the Council was held on May 18 and 19 in the city. GST rates on 1,211 items were approved at the two-day meeting.
The BJP has released the list of candidates for elections to the Rajya Sabha. Nirmala Sitharaman to contest from Karnataka, Piyush Goyal from Maharashtra.
Reports said that the loss to the exchequer post the reduction of excise duty on petrol and diesel will be borne through additional borrowings.
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