New Delhi: Union Finance Minister Nirmala Sitharaman held crucial talks with Kerala Chief Minister Pinarayi Vijayan in New Delhi to address the state’s ongoing financial crisis. The discussions revolved around Kerala’s request for increased financial assistance and an extension of deadlines for utilizing previously sanctioned funds. Amid rising concerns, CM Vijayan stressed the urgent need Read More…
New Delhi: Union Finance Minister Nirmala Sitharaman is set to introduce the much-anticipated Income-Tax Bill 2025 in the Lok Sabha today, marking a significant step towards modernizing India’s tax system. The new bill is designed to replace the six-decade-old Income-Tax Act of 1961, making tax laws simpler, more transparent, and taxpayer-friendly. The proposed legislation aims 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…
In their pre-budget discussions with Finance Minister Nirmala Sitharaman, RSS-affiliated unions have put forward significant proposals for the 2025 Union Budget. Among the key recommendations is raising the income tax exemption threshold to ₹10 lakh, designed to enhance the disposable income of taxpayers and address ongoing economic challenges. Further, the unions have called for an Read More…
The Lok Sabha has passed the Banking Laws Amendment Bill, with Finance Minister Nirmala Sitharaman emphasizing its role in strengthening the governance framework of banks and improving customer convenience. The bill includes provisions to modernize banking regulations and ensure greater efficiency in financial services. During the debate, the Finance Minister highlighted that the amendments aim Read More…