The government of the National Democratic Alliance (NDA) may revise the Fiscal Responsibility and Budget Management Act (FRBM) in light of the economic crisis caused by the Covid-19 pandemic and adopt a flexible and limited-range fiscal deficit target instead of a fixed number. said two people familiar with the plan. …
Read More »Nirmala Sitharaman criticizes Sonia Gandhi for avoiding council of farm laws to congressional states
Nirmala Sitharaman asked if Congress had made a false promise during the 2019 Lok Sabha polls (Archive) New Delhi: The Union Finance Minister, Nirmala Sitharaman, attacked Congress today on the advice of the head of the party, Sonia Gandhi, to the states governed by the party to circumvent the agricultural …
Read More »Sitharaman Criticizes Sonia’s Advice to “Avoid Center Farm Laws” to Party-Ruled States, Cites 2019 Cong Manifesto | India News
NEW DELHI: Union Minister of Finance Nirmala Sitharaman Tuesday he pointed to Congress for the head of the party Sonia GandhiAdvice to party-governing states to avoid farm laws introduced by the Center through legislative measures. Sitharaman said that the opposition party in its 2019 Lok Sabha manifesto had promised the …
Read More »Government plans to sell 25% stake in LIC in phases
India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
Read More »No end date, no safe vaccine … continuous encouragement, will not hesitate to spend: FM
Written by P Vaidyanathan Iyer | New Delhi | September 28, 2020 4:37:01 am Sitharaman said on Saturday that the economy continues to face challenges of a different nature with no clear end date for the pandemic, especially in the absence of a safe vaccine. SIX MONTHS DURING the Covid-19 …
Read More »India will consider all options, says Ministry of Finance
The Finance Ministry said on Friday that it will consult its legal advisers on the tax dispute with Vodafone International Holding BV to decide the next course of action after an international arbitration tribunal delivered its verdict. News agency Reuters reported on Friday that Vodafone Group Plc had won an …
Read More »CAG says center violated law by using GST Cess elsewhere amid dispute over unpaid fees to states
The CAG released its report on Wednesday. In its report on the Union government accounts, presented Wednesday, CAG said the short credit was a violation of the GST Offset Act of 2017. News18.com Last update: September 25, 2020 9:21 AM IST FOLLOW US: Finance Minister Nirmala Sitharaman, citing the opinion …
Read More »CAG: Center violated the law, used funds for GST compensation elsewhere
Written by Harikishan Sharma | New Delhi | Updated: September 25, 2020 8:55:20 am The government, instead of transferring the full amount of the GST tax to the GST compensation fund, withheld it in the CFI and used it for other purposes. (Proceedings) Citing the opinion of India’s Attorney General, …
Read More »Acts of Parliament live updates | The government is not bent on keeping suspended MPs out of the House: Pralhad Joshy
Eight opposition MPs Rajya Sabha, who were suspended by the House on Monday, launched an indefinite sit-in inside Parliament, even as the 15 non-NDA parties asked President Ram Nath Kovind not to consent to the two agricultural bills. it happened in the Upper House on Sunday. Opposition leaders will march …
Read More »21 states accept Rs 97,000 crore loan proposal to cover GST deficit
NEW DELHI: Up to 21 states, mostly governed by the BJP or parties that have supported it on various issues, have chosen to borrow Rs 97 billion to comply with GST revenue shortfall in the current fiscal, sources said Sunday. The states and territories of the union (UT) that have …
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