Nirmala Sitharaman

Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

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Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

The electronics industry wants Finance Minister Nirmala Sitharaman to reduce the number of tariff lines and streamline the duty structure for sub-assemblies and input parts, along with removing nuisance tariffs of 2.5% on some parts in the upcoming budget The India Cellular & Electronics Association has demanded that the government consolidate the tariff lines into … Read more

Outlay for export tax remission plans unlikely to change in Budget

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Outlay for export tax remission plans unlikely to change in Budget

New Delhi: The government is unlikely to raise the allocation for its key tax remission schemes for exporters in the full budget for 2024-25 amid demand for increased support from the exporting community, senior officials said. In the interim budget presented in February, the government earmarked ₹16,575 crore for the Remission of Duties and Taxes … Read more

jobs india: ‘Unemployment is not a problem’: Arvind Panagariya’s prescription to FM Nirmala Sitharaman ahead of Budget

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jobs india: ‘Unemployment is not a problem’: Arvind Panagariya’s prescription to FM Nirmala Sitharaman ahead of Budget

Finance Commission Chairman Arvind Panagariya believes India’s main challenge isn’t creating jobs but reallocating capital to more labor-intensive sectors. Too much capital is tied up in industries that don’t hire many workers, he said. “The problem lies in the industry’s composition, especially manufacturing,” Panagariya told NDTV in an interview. The lack of jobs was the … Read more

India’s $6 trillion derivatives frenzy has government worried

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India’s trillion derivatives frenzy has government worried

The surge in Indian equity derivatives that’s driven up volumes to the highest in the world is spurring concern among the nation’s policymakers that the frenzy may hurt efforts to harness household savings for productive purposes. Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail … Read more

risk mitigation: Trading journal is the most underrated risk mitigation technique. Here’s a 5-step guide

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risk mitigation: Trading journal is the most underrated risk mitigation technique. Here’s a 5-step guide

This week Finance Minister Nirmala Sitharaman was addressing brokers in BSE. She appealed to the exchanges to maintain stability and mitigate systemic risk to protect the retail investor. The regulators have done a fantastic job of protecting the investors. But the onus shouldn’t be theirs alone. As a responsible individual, you too must do a … Read more

Nirmala Sitharaman: India’s consumer market likely to double by 2031: FM Nirmala Sitharaman

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Nirmala Sitharaman: India’s consumer market likely to double by 2031: FM Nirmala Sitharaman

The Finance Minister on Friday at the CII Business Summit projected that the Indian consumer market is poised to double by 2031. Additionally, India is expected to contribute 18% to global growth in the next five years. Emphasising the strength of India’s growth narrative, the FM stated that it is compelling. Furthermore, the Finance Minister … Read more

India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

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India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more

Unchecked retail F&O play could trigger challenges for market: FM

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Unchecked retail F&O play could trigger challenges for market: FM

Mumbai: Finance minister Nirmala Sitharaman on Tuesday said unchecked trading by individuals in the futures & options (F&O) segment could trigger challenges for the market. “Any unchecked explosion in retail trading of futures and options can create future challenges, not just for the markets, but for investor sentiment and household finances,” Sitharaman said at an … Read more

economic growth: Robust govt capex, improvement in business confidence to push growth: Official

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economic growth: Robust govt capex, improvement in business confidence to push growth: Official

Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. “The … Read more

Restoration of Indian Economy since 2014 a case study for Harvard, says Nirmala Sitharaman

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Restoration of Indian Economy since 2014 a case study for Harvard, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman today said that the remarkable revival of the Indian economy, particularly the banking sector, since 2014, is a lesson worthy of the Harvard Business School. She was addressing the Gujarat Chambers of Commerce and Industry (GCCI) in Ahmedabad on the theme Vikshit Bharat 2047.“In terms of weighing which India has restored … Read more