Nirmala Sitharaman Archives

GST Reforms vs US Tariffs: India Aims to Achieve Balance

04

Sep

NationGST Reforms, Nirmala Sitharaman, Tariff

GST Reforms vs US Tariffs: India Aims to Achieve Balance

GST reforms aim to ease the impact on the Indian economy. This impact would result from 50% US tariffs on exports. Still, that's a delicate balance to strike. US Tariffs on any has forced finance ministry to bring forth India's biggest tax overhaul since 2017. That's set to shape the country's GDP growth, its inflation trajectory and fiscal deficit for years to come. In essence, GST reforms are a cushion to the blow. The Indian economy would take this blow due to Trump's tariff tirades over the purchase of Russian oil. SBI Chief Economist Soumya Kanti Ghosh told Reuters, “The consumption boost…

Revised Income-Tax Bill Tabled in Lok Sabha by Finance Minister Sitharaman

12

Aug

By Nikki

NationIncome Tax Bill, Nirmala Sitharaman

Revised Income-Tax Bill Tabled in Lok Sabha by Finance Minister Sitharaman

Key highlights of the Revised Income-Tax Bill 2025 The bill replaces the complex Income Tax Act, 1961, simplifying tax laws by nearly 50% for better clarity and ease of understanding. It incorporates almost all of the 285 recommendations from the Select Committee, addressing errors, ambiguities, and stakeholder concerns. Revised tax slabs and rates aim to reduce middle-class tax burdens, boost disposable income, and encourage savings and investments. Union finance Minister Nirmala Sitharaman On Monday August 11, presented the “revised” bill. This bill seeks to replace Income Tax Act, 1961. This new bill simplifies the financial related legislation and provided clarity,…

Pahalgam Attack Was Not Anticipated, Admits Government at All-Party Meet

25

Apr

By Theviralmail

NationAmit Shah, Nirmala Sitharaman, Pahalgam Attack, S Jaishankar

Pahalgam Attack Was Not Anticipated, Admits Government at All-Party Meet

New Delhi – A high-level all-party meeting was convened on Thursday. Senior officials from the Ministry of Home Affairs and the Intelligence Bureau were present. They admitted to a significant oversight. They failed to foresee the recent terror attack in Pahalgam. The officials called this a "lapse in assessment." According to officials present at the meeting, the area had no prior history of such incidents, particularly targeting tourists. This made the attack an unexpected deviation from known patterns. Parliamentary Affairs Minister Kiren Rijiju confirmed that the floor leaders of various political parties were briefed on the tragic incident. "There has…

Nirmala Sitharaman Unveils ₹6.81 Lakh Crore Defence Budget: Key Highlights

01

Feb

By Theviralmail

DefenseBudget 2025, Indian Army, Nirmala Sitharaman

Nirmala Sitharaman Unveils ₹6.81 Lakh Crore Defence Budget: Key Highlights

The Finance Minister Nirmala Sitharaman has unveiled a defence budget of ₹6.81 lakh crore for the financial year 2025–26, reflecting a 9.55% increase over the ₹6.2 lakh crore allocated in the ongoing fiscal year. Let us understand and analyse the allocations in various fields including the capital and pensions in the defence sector. This budget highlights the government’s strategic intent to enhance military preparedness. India remains in an unprecedented position of a standoff with China. The country is also countering the threats posed to the western borders with Pakistan. Besides the operational challenges,the Ministry of Defence also has to look…