Page 8 - Latest Updates on Nirmala Sitharaman
FM Sitharaman denies 'friction' in Centre-State ties over GST reform
Simplifying and easing compliance on the tax payers received top priority rather than raising revenue during all consultative meetings on the union Budget, she said
 "FM Sitharaman denies 'friction' in Centre-State ties over GST reform")
To boost capex, FinMin relaxes norms for expenditure exceeding Rs 500 cr
Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1 per cent to record Rs 11.11 trillion for 2024-25
FM Sitharaman meets road, telecom ministries to review budgeted capex plans
This was the first, in a series of meetings by the FM, to take stock of the progress being made by ministries with significant capital outlays in the coming days, the press statement added
FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs
The Department of Public Enterprises (DPE) in its statement said that Rail Ministry India CPSE had an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY 2023-24
PMJDY integrates poor into economic mainstream, says FM Nirmala Sitharaman
The Jan Dhan Yojana, which was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, was launched on August 28 of the same year
 "PMJDY integrates poor into economic mainstream, says FM Nirmala Sitharaman")
Jan Dhan Yojana turns 10: PM Modi hails financial inclusion success
Jan Dhan Yojana has been paramount in boosting financial inclusion and giving dignity to crores of people', said Prime Minister Narendra Modi
 "Jan Dhan Yojana turns 10: PM Modi hails financial inclusion success")
Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman
The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active
 "Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman")
No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman
'Fresh scheme not compulsory for states'
 "No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman")
GST Council meet to discuss rate rationalisation on Sep 9, says FM
She also said that compensation cess on luxury and sin goods are also going to be discussed and can come up in the September 9 meeting or later
India, Singapore commit to boost cooperation in emerging, futuristic areas
The leaders also discussed plans for commemorating the 60th Anniversary of diplomatic relations between India and Singapore, alongside regional and global cooperation
 "India, Singapore commit to boost cooperation in emerging, futuristic areas")
Indian ISMR delegation calls on Singapore Prez, PM, discuss bilateral ties
They also met Prime Minister Wong
 "Indian ISMR delegation calls on Singapore Prez, PM, discuss bilateral ties")
FM Sitharaman, Goyal to attend India-Singapore ministerial meet on Monday
ISMR is a mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural meeting was held in New Delhi in September 2022
TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums
O'Brien, in a letter, demanded that the GST on health and life insurance premiums be withdrawn at the 54th meeting of the GST Council
 "TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums")
Four union ministers to attend India-Singapore ministerial meet on Aug 26
The commerce and industry ministry on Sunday said the India-Singapore Ministerial Roundtable (ISMR) is scheduled to take place in Singapore on August 26
 "Four union ministers to attend India-Singapore ministerial meet on Aug 26")
FM tells officers to effectively implement GST, keep positive attitude
Sitharaman said, "GST offices are being made convenient since 2019... This will help taxpayers to easily get their problems resolved."
FM Nirmala Sitharaman seeks RBI help to clear RRB dues with states
The finance minister also directed RRBs to become more customer-friendly and use their local connections to further improve performance
MCA likely to bring out internship scheme guidelines within two weeks
The MCA has held industry consultations on the scheme before finalising the guidelines. The ministry will also put in place checks and balances in the scheme to ensure transparency
 "MCA likely to bring out internship scheme guidelines within two weeks")
FM Sitharaman urges regional rural banks to reduce high attrition rates
RRBs were established regionally and are oriented towards rural areas, with capital contributed by the Government of India, state governments, and sponsored banks under the RRB Act, 1976
 "FM Sitharaman urges regional rural banks to reduce high attrition rates")
Use simpler language in tax notices, don't instil fear: FM tells officials
Advising the income tax officers not to take "disproportionate" action and use enforcement measures only, as the last resort, Sitharaman said tax officers should use "power judiciously"
 "Use simpler language in tax notices, don't instil fear: FM tells officials")
Focus on deposits, strengthen cybersecurity: FM Sitharaman to banks
The FM also met top officials of regional rural banks in a separate meeting, where banks were asked to expedite one state-one RRB initiative
