Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27. Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, “I have kept buffers which can take care of it and…
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Mumbai, July 26 (IANS) The government has made sustained efforts to empower young Indians by creating jobs, expanding skill development opportunities and giving them a direct role in policymaking as part of its vision for a ‘Viksit Bharat’, Finance Minister Nirmala Sitharaman said on Sunday.Speaking at the NDTV Profit Business Leadership Awards 2026, FM Sitharaman said the government’s efforts have translated into concrete outcomes, including the distribution of more than 12 lakh appointment let…
Mumbai, July 26 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday urged Income Tax Department officials to ensure that citizens do not have to run from pillar to post for services, stressing the need for greater efficiency, integrity and citizen-centric governance while expressing concern over the laidback functioning of government departments.Speaking after inaugurating the 13-storey Aaykar Sindhu building here, FM Sitharaman said the experience of the Income Tax Department in obtainin…
New Delhi, July 25 (IANS) Union Minister of State for Ayush Prataprao Jadhav has urged the Central government to commemorate the 150th Prakat Din of the revered Sant Gajanan Maharaj by issuing a Rs 150 commemorative coin and a commemorative postage stamp. The 150th Prakat Din of Sant Gajanan Maharaj will be observed on February 17, 2028, marking an important spiritual and cultural occasion for devotees across the country.In letters addressed to Union Minister for Finance and Corporate Affairs Ni…
New Delhi, July 25 (IANS) The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has highlighted progress in faster return processing, grievance redressal and litigation reduction.At the 167th anniversary of Income Tax Day celebrations here, Agrawal recalled the priorities set out by Union Finance Minister Nirmala Sitharaman during the previous Income Tax Day celebrations and the expectations articulated at the ‘PRARAMBH programme’ earlier this year, and outlined the Department’s pro…
New Delhi, July 24 (IANS) Union Finance Minister Nirmala Sitharaman on Friday told officials of the Income Tax Department to ensure convenience for honest taxpayers while taking stern action against tax evasion, as certainty in the tax regime is an economic imperative. Addressing the 167th Income Tax Day celebrations here, the Finance Minister urged officials to differentiate between deliberate tax evasion and bonafide errors while dealing with taxpayers.”Tax certainty is one of the strongest fo…
Imphal, July 22 (IANS) Manipur Chief Minister Yumnam Khemchand Singh said on Wednesday that the state has endured an extremely challenging period over the past three years, with the prolonged unrest severely disrupting the lives and livelihoods of its people, while expressing confidence that peace, stability and normalcy are gradually returning. He added that the prolonged crisis has caused financial and mental hardships to the common people to a great extent.The Chief Minister has attended the …
New Delhi, July 20 (IANS) The Reserve Bank of India’s swap facility for offering concessional swaps for fresh foreign currency non-resident bank deposits [FCNR(B)] deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs), has succeeded in attracting forex inflows to the tune of $20,718 million as on July 17, 2026, according to the Central Bank statement issued on Monday.The amount has flowed in since the scheme was operationalised on June 8 this year. Th…
Amaravati, July 20 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday appealed to the Centre to protect the interests of aquaculture and tobacco farmers. The Chief Minister has written separate letters to the Central ministers.In a letter to the Union Minister of Fisheries, Animal Husbandry and Dairy Development, Rajiv Ranjan Singh, the Chief Minister urged the Centre to permit shrimp feed manufacturers to import genetically modified (GM) soybean meal to support the aquaculture …
New Delhi, July 20 (IANS) There is no proposal under the consideration of the government at present to scrap the long-term capital gains (LTCG) tax on equity transactions for retail and domestic investors, Minister of State for Finance Pankaj Chaudhary informed Parliament on Monday. In a written reply to a question in the Lok Sabha, the minister further stated that tax policies, including capital gains rates, are reviewed periodically as part of the annual budget process and legislative revision…