Nirmala Sitharaman

All eyes on Sitharaman’s second Budget for tax relief

2:05 pm January 1, 2020

New Delhi: The common man has his eyes set on Finance Minister Nirmala Sitharaman’s second Budget next month for relief in income tax, but an economic slowdown and a sharp reduction in corporate tax rates hint that she has very little flexibility to dole out a big largesse. Facing flak for not doing enough to […]

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM

9:17 pm November 15, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks. These legislations will be brought during the Winter Session of Parliament starting coming Monday, the minister told reporters here. These legislations assume significance […]

India-US trade negotiations going in full speed: Sitharaman

2:32 pm October 20, 2019

Washington: Finance Minister Nirmala Sitharaman has said the negotiations between India and the US on a trade deal are going in “full speed” and expressed hope that an agreement will be structured soon. The ongoing trade deal negotiations briefly came up for discussion during a pull aside between Sitharaman and US Treasury Secretary Steven Mnuchin […]

Rupee settles 14 paise down at 71.02 against dollar

8:56 pm October 7, 2019

Mumbai: The rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy. Forex traders said market sentiment remained fragile ahead of the US-China trade meeting. Besides, rising crude oil prices also weighed on the domestic unit. […]

Sitharaman to inaugurate national tax e-assessment centre on Monday

9:00 pm October 6, 2019

New Delhi: Finance Minister Nirmala Sitharaman will on Monday inaugurate the income tax department’s national e-assessment centre (NeAC), which will avoid face-to-face interaction between taxpayers and tax officials. The setting up of NeAC is a step for better taxpayer service, reduction of taxpayer grievances in line with the prime minister’s vision of ‘Digital India’ and […]