New Delhi: Finance Minister Nirmala Sitharaman announced that India’s revamped Goods and Services Tax (GST) structure is already delivering visible benefits to consumers, with prices of key goods dropping across the country. Since the revised GST rates took effect on September 22, 2025, the government has been closely monitoring prices of 54 essential and consumer Read More…
New Delhi: Finance Minister Nirmala Sitharaman has warned that ongoing wars and rising strategic rivalries are reshaping the global order, redrawing the boundaries of both cooperation and conflict. Speaking at the Kautilya Economic Conclave 2025, Sitharaman highlighted how sanctions, tariffs, and decoupling strategies are dismantling traditional supply chains and testing old alliances, while paving the Read More…
New Delhi: Finance Minister Nirmala Sitharaman has highlighted that nearly ₹2 lakh crore is now staying with the people due to GST reforms, strengthening domestic consumption and giving a fresh boost to the economy. Explaining the impact, she said the government is not taking this sum as taxes, allowing it to remain with citizens and Read More…
Thiruvananthapuram: Kerala Finance Minister K. N. Balagopal has sounded a warning that states may face a “demonetisation-style fallout” if the Centre proceeds with restructuring the Goods and Services Tax (GST) system without ensuring compensation. Minister cautioned that such a move, without adequate safeguards, could place severe financial strain on state economies. Balagopal urged the Union Read More…
Kerala Finance Minister K. N. Balagopal has raised serious concerns over the impact of the proposed GST reforms on state finances, warning that the changes could push Kerala into a severe fiscal crisis unless protective measures are introduced. According to Balagopal, the state is staring at a direct annual revenue loss of around ₹2,500 crore Read More…
New Delhi: Kerala Finance Minister K. N. Balagopal has issued a stern warning to companies, insisting that the benefits of recent GST rate cuts must directly reach consumers. Speaking after the reforms, he cautioned that the state will closely monitor prices to ensure businesses don’t pocket the gains while ordinary people lose out. Highlighting the Read More…
New Delhi: Finance Minister Nirmala Sitharaman has withdrawn the proposed Income Tax Bill from Parliament, with a revised version set to be introduced on August 11. The new draft will incorporate key recommendations from the Parliamentary Select Committee, aiming to address concerns raised by lawmakers and stakeholders. The original bill, which sought to modernize and Read More…
New Delhi, February 11, 2025 – Finance Minister Nirmala Sitharaman addressed the Lok Sabha, shedding light on the recent depreciation of the Indian rupee against the U.S. dollar. Citing former RBI Governor Raghuram Rajan, she attributed the rupee’s decline primarily to the strengthening of the dollar rather than domestic economic weaknesses. Sitharaman emphasized that the Read More…