Page 10 - Latest Updates on Nirmala Sitharaman
No back-door entry for defaulting promoters: FM Nirmala Sitharaman
Statement comes in response to concerns over haircuts in insolvency cases
 "No back-door entry for defaulting promoters: FM Nirmala Sitharaman")
Flexible fiscal targets
India needs a sustainable and clear framework
 "Flexible fiscal targets")
Opposition's walkout on GST issue a 'face-saver', says FM Sitharaman
Speaking to reporters in Parliament House Complex, Sitharaman said the GST Council, which is a constitutional body, can take up any matter related to the GST
 "Opposition's walkout on GST issue a 'face-saver', says FM Sitharaman")
We have courage to change: FM Nirmala Sitharaman on LTCG amendment
The original LTCG regime proposed on July 23 Budget, removed the indexation benefit, sparking concerns over real estate transactions
 "We have courage to change: FM Nirmala Sitharaman on LTCG amendment")
FM proposes amendments to LTCG tax provision on immovable properties
The Budget 2024-25 proposal to remove indexation benefit in calculation of long term capital gains on sale of immovable properties evoked sharp criticism from various corners
 "FM proposes amendments to LTCG tax provision on immovable properties")
FM Sitharaman tables Appropriation (No 2) Bill 2024 in Rajya Sabha
Sitharamam also introduced the Jammu and Kashmir Appropriation (No.3) Bill, 2024 in the Upper House, which has been passed in Lok Sabha
 "FM Sitharaman tables Appropriation (No 2) Bill 2024 in Rajya Sabha")
Indian energy cos lag in R&D, innovation metrics compared to global peers
India's leading energy companies do not fare better than global firms on R&D intensity, proportion of employees with a PhD degree, and patents per billion dollar revenue, according to FAST India
 "Indian energy cos lag in R&D, innovation metrics compared to global peers")
FM Nirmala Sitharaman, PSB chiefs likely to talk NPAs and cybersecurity
Finance Minister Nirmala Sitharaman will hold the review meet on August 19
No need to keep minimum balance in Jan Dhan, basic savings accounts: FM
Since MP is talking about banks collecting money for basic minimum balance which is not there in the account, that does not apply to PM Jan Dhan accounts, basic accounts of poor people, FM said
 "No need to keep minimum balance in Jan Dhan, basic savings accounts: FM")
NPAs of PSBs on Mudra loans declined to 3.4% in FY24: FM Sitharaman
Sitharaman addressed questions regarding NPA associated with Mudra loans, highlighting a significant reduction in NPA rates over the past few years
 "NPAs of PSBs on Mudra loans declined to 3.4% in FY24: FM Sitharaman")
SFIO carrying out detailed probe into Sahara group companies: FM Sitharaman
The minister said after the detailed analysis of the SFIO the whole picture will be cleared and action could be taken
 "SFIO carrying out detailed probe into Sahara group companies: FM Sitharaman")
FinMin asks state-owned general insurers to focus on profitable businesses
Public sector general insurance companies are undergoing various reforms, including organisational restructuring, product rationalisation, cost rationalisation and digitalisation
Finance Minister Nirmala Sitharaman to address RBI board on August 10
The net tax receipts are estimated at Rs 25.83 trillion, she said, adding that the fiscal deficit is estimated at 4.9 per cent of the GDP
After 'derailment min' jibe, Vaishnaw says focus is on railways, not reels
Ashwini Vaishnaw's strong response came after Congress MP Gaurav Gogoi criticised him for not taking moral responsibility for train accidents and called him the 'derailment minister'
 "After 'derailment min' jibe, Vaishnaw says focus is on railways, not reels")
Budget a fine balance, takes care of all segments, says FM Sitharaman
Replying to the discussion on the Union Budget 2024-25 the minister said the government is on track to achieve the pre-announced fiscal deficit target
 "Budget a fine balance, takes care of all segments, says FM Sitharaman")
Agniveer scheme will keep our forces battle-ready, young: FM Sitharaman
During the Budget discussion in Rajya Sabha, Finance Minister Nirmala Sitharaman slammed the Opposition for attempting to "politicise" Agniveer scheme
Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty
Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'
 "Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty")
Budget a right start to resolve jobs issues: Experts at 'Budget with BS'
At the 'Budget with BS' event in Mumbai on Wednesday, economic experts shared their perspectives on the recently introduced Budget during an insightful panel discussion with Business Standard
 "Budget a right start to resolve jobs issues: Experts at 'Budget with BS'")
Centre may hike short term capital gains tax above 20% in future: Official
In the recently introduced Budget on July 23, Finance Minister Nirmala Sitharaman had raised the STCG tax on some financial instruments to 20 per cent
 "Centre may hike short term capital gains tax above 20% in future: Official")
Budget with BS: 'We are in one of the biggest market booms', says Motilal Oswal's Raamdeo Agrawal
Latest updates: Catch all the updates on the analysis of the Union Budget for FY25 here
