nirmala sitharaman

Finance Ministry relaxes spending norms to boost capital expenditure

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To boost the economy with the fresh COVID-19 wave, the Finance Ministry has relaxed the spending guidelines to enable ministries and departments to incur capital expenditure of Rs 44,000 crore as envisaged in the budget of 2021-22. According to an Office Memorandum (OM) released by the Finance Ministry on Thursday, the Monthly / Quarterly Expenditure …

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Cut GST values ​​for COVID requirements, set dispute resolution body: Punjab FM writes to Sitharaman

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Ahead of the GST Council meeting, Congress-led Punjab called for a reduction in tax on life-saving items for COVID-19 treatment and the implementation of pending reforms, including tax review and exemptions, body dispute resolution and measures to address provincial shortcomings. In a letter to Finance Minister Nirmala Sitharaman, head of the GST Council comprising representatives …

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GST Council to meet on June 12 to discuss tax cut on COVID essentials

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The all-powerful, at MOST, the Board of directors, which is chaired by finance Minister Nirmala Sitharaman will meet on the 12th of June to decide on whether to reduce the GST rate for COVID essentials-black and fungal medication, according to the officials.At the time of the previous meeting on the 28th of May, the Council …

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GST Council Meeting Updates: No Drug Tax Against Black Fungi, Other Covid Essentials, Says FM Sitharaman

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GST Council Meeting Updates: 44th GST Council decided to bring down GST on electric furnaces and temperature checking equipment to 5 per cent. and on ambulances to 12 per cent.  GST Council Meeting Updates: Finance Minister Nirmala Sitharaman chaired the 44th meeting of the Goods and Services Tax (GST) Council on Saturday, which was due …

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Ministry of Finance rejects reports of Rs 20,700 Cr worth of black money held by Indians in Swiss banks

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New Delhi: Refuting media reports of alleged black money held by Indians in Switzerland, the government said on Saturday that Swiss authorities had been asked to provide relevant facts as well as their views on possible reasons for the ‘increase/decrease in deposits. Pointing out that some reports appeared in the media on June 18 indicating …

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