Trade unions to boycott pre-Budget meeting

Trade unions to boycott pre-Budget meeting

CPI MP Binoy Viswam said limiting the meeting time was an arbitrary move. File | Photo Credit: The Hindu Ten Central Trade Unions (CTUs) have decided to boycott a virtual pre-budget meeting Finance Minister Nirmala Sitharaman had scheduled with them on Monday. The CTUs said they were just provided three minutes each with the Minister […]

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GST Council to meet virtually on December 17

GST Council to meet virtually on December 17

Union Finance Minister Nirmala Sitharaman will chair the meeting. File. | Photo Credit: PTI The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. “The 48th Meeting of the GST Council will be held on 17th December, 2022 by video conference,” the GST Council said […]

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Punjab wants special industrial package of ₹2,500 crore for border districts

Punjab wants special industrial package of ₹2,500 crore for border districts

Punjab Finance Minister Harpal Singh Cheema. File. | Photo Credit: PTI Punjab Finance Minister Harpal Singh Cheema on Friday demanded from the Centre a special industrial package of ₹2,500 crore for Punjab, which he said was a border State with high stakes in national security.  He was in New Delhi where he submitted a memorandum […]

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Nirmala Sitharaman to meet State FMs for pre-Budget consultation on November 25

Nirmala Sitharaman to meet State FMs for pre-Budget consultation on November 25

Finance Minister Nirmala Sitharaman on November 21, 2022 began consultation to seek suggestions for the Budget 2023-24 with industry captains and experts from infrastructure and climate change. The meeting with State FMs is part of the customary meetings that the Minister undertakes with stakeholders before the presentation of the Union Budget on February 1. | Photo […]

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CII bats for lower income tax rates, paring 28% GST on consumer durables

CII bats for lower income tax rates, paring 28% GST on consumer durables

The Confederation of Indian Industry has pitched for raising capital spending to 3.4% of GDP next year from 2.9% of GDP this year. File | Photo Credit: The Hindu Flagging the need to revive consumption demand in the economy, the Confederation of Indian Industry (CII) has urged the government to reduce personal income tax rates to […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification issued […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification issued […]

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Indiscriminate borrowing, non-merit expenditure by states will harm fiscal health: Nirmala Sitharaman

Indiscriminate borrowing, non-merit expenditure by states will harm fiscal health: Nirmala Sitharaman

A “false narrative’‘ is being created to imply that the Centre, by opting for the cess route, is denying States their share of tax revenue, she says. A “false narrative’‘ is being created to imply that the Centre, by opting for the cess route, is denying States their share of tax revenue, she says. Indiscriminate […]

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Union Finance Minister Nirmala Sitharaman inaugurates Balaramapuram Handloom Producer Company Ltd

Union Finance Minister Nirmala Sitharaman inaugurates Balaramapuram Handloom Producer Company Ltd

She urges the industry to diversify products to boost profitability and attract youth to handloom products She urges the industry to diversify products to boost profitability and attract youth to handloom products Union Finance Minister Nirmala Sitharaman urged the handloom industry to diversify products for boosting profitability and attracting the younger generation to handloom products. […]

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Be proud of your legacy and heritage, FinMin Nirmala Sitharaman tells students

Be proud of your legacy and heritage, FinMin Nirmala Sitharaman tells students

Nirmala Sitharaman invokes ‘Panch Pran’ put forth by PM to strengthen country; asks students to ‘learn about sustainable designs and improve them for the ease of living in the present age’ Nirmala Sitharaman invokes ‘Panch Pran’ put forth by PM to strengthen country; asks students to ‘learn about sustainable designs and improve them for the […]

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