Nirmala Sitharaman

2022 - 8 - 2

Post cover
Image courtesy of "Scroll.in"

'Not in denial about inflation,' says Nirmala Sitharaman in Rajya Sabha (Scroll.in)

India's retail inflation came down to 7.04% year-on-year in May, after touching an eight-year high of 7.79% in April.

Sitharaman said that the decision on levying the tax was taken at a meeting of the GST Council, and no state objected to it. “You [O’Brien] just walked out the moment I said [that] in West Bengal, pre-GST, paneer had a VAT [Value Added Tax on it,” she said. “GST has not increased the burden on families,” she said. On Tuesday, Sitharaman also responded to the Opposition’s criticism about the levying of Goods and Services Taxes on essential items such as wheat, rice and pulses. Rajya Sabha MP Derek O’Brien claimed that the matters raised by his party were not discussed. These are the realities.

Post cover
Image courtesy of "Economic Times"

ATM withdrawals, funerals exempt: Nirmala Sitharaman issues GST ... (Economic Times)

Clarifying on misconception over the levy of GST on some popular items, the finance minister said no tax has been levied either on cash withdrawals from ...

GST Councilis accused of having levied charges on the crematorium. "More I listen to issues related to GST, I have a concern that probably the right information is not reaching. Similarly, a GST has been levied only on the construction of new crematoriums and the equipment used in it.

Post cover
Image courtesy of "Livemint"

GST on withdrawal of cash from banks? What FM Nirmala ... (Livemint)

GST: What Finance Minister Nirmala Sitharaman said in a discussion on the rising prices, in Rajya Sabha.

5+5=10 transactions in a month is totally free when withdrawn from ATMs," said Finance Minister Nirmala Sitharaman, in a discussion on the rising prices, in Rajya Sabha pic.twitter.com/CdFNbnWvWv 5+5=10 transactions in a month is totally free when withdrawn from ATMs," said Finance Minister Nirmala Sitharaman, in a discussion on the rising prices, in Rajya Sabha. "There is no GST on withdrawal of cash from banks...

Post cover
Image courtesy of "Times of India"

No GST on withdrawal of cash from banks, says Nirmala Sitharaman ... (Times of India)

India Business News: NEW DELHI: The debate between Centre and opposition parties on price rise flared up yet again on Tuesday in Rajya Sabha.

Post cover
Image courtesy of "Business Standard"

No collapse, rupee taking its natural course, says FM Nirmala ... (Business Standard)

Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility.

For the three show-cause notices, they have been issued, they have deposited only Rs 46 lakh,” the minister said. She also said there was no GST on cash withdrawal from banks and that the tax only on bank purchasing cheque book from printer. During the Question Hour, the minister was asked about reports of dubious digital loan apps backed by Chinese entities which do not follow RBI guidelines in giving loans. “Three show-cause notices have been issued to them and the approximate duty liability there is about Rs 653 crore. The third company is Vivo India, for whom also there is a demand notice issued for Rs 2,217 crore for which they have deposited Rs 60 crore as voluntary deposit. The government is looking into cases of alleged tax evasion by three mobile companies of China — Oppo, Vivo India, and Xiaomi — and notices have been given to them, Nirmala Sitharaman said in the Rajya Sabha. The Department of Revenue Intelligence (DRI) has issued a notice to Oppo for Customs duty of Rs 4,389 crore and these are on the grounds of mis-declaration of certain goods leading to a short payment in customs duty, she said, adding, "duty evasion we think is about Rs 2,981 crore". “Undervaluation of imported goods for the purpose of payment of Customs duty, that we think is an evasion of Rs 1,408 crore.” She said voluntarily they have come about to deposit Rs 450 crore, much against the demand of Rs 4,389 crore.

Post cover
Image courtesy of "The News Minute"

No GST on chequebooks for customers, cash withdrawals: FM ... (The News Minute)

With Parliament witnessing several disruptions by the opposition, the minister tried to clear "misinformation" over issues related to the imposition of GST ...

Also, there is no GST on crematorium, funeral, burial, or mortuary services, the minister said and explained the Goods and Service Tax has been levied on the construction of new crematoriums. "The GST Council is accused of having levied charges on the crematorium. "More I listen to issues related to GST, I have a concern that probably the right information is not reaching.

Post cover
Image courtesy of "Inc42 Media"

Govt Taking Action Against Dubious Digital Loan Apps: Nirmala ... (Inc42 Media)

The government is taking action against loan apps that are originating from outside the country and Indians who helped in setting them up.

“It has taken more time than we had initially presumed, but the situation is so complex, you know, we are being very careful and very cautious. Finance Minister Nirmala Sitharaman said that the Indian government is taking action against dubious digital loan apps. While action has been initiated for that case, the government is also planning to take action across the country.

Post cover
Image courtesy of "The Hindu"

Notices issued to three Chinese mobile companies for tax evasion ... (The Hindu)

The Finance Minister said the three chinese mobile companies are Oppo, Vivo India and Xiaomi.

"Three show-cause notices have been issued to them and the approximate duty liability there is about ₹653 crore. "Undervaluation of imported goods for the purpose of payment of customs duty, that we think is an evasion of ₹1,408 crore," she said. The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, Finance Minister Nirmala Sitharaman informed Rajya Sabha on August 2.

Post cover
Image courtesy of "Livemint"

Oppo, Vivo India and Xiaomi served notices for tax evasion: Nirmala ... (Livemint)

The government is looking into cases of alleged tax evasion by three mobile companies of China, the Finance Minister said today.

The government is looking into cases of alleged tax evasion by three mobile companies of China, the Finance Minister has said. The Department of Revenue Intelligence (DRI) has issued a notice to mobile company Oppo for total customs duty of ₹4,389 crore and these are on the grounds of mis-declaration of certain goods leading to a short payment in customs duty, she said, adding, "duty evasion we think is about ₹2,981 crore". The government is looking into cases of alleged tax evasion by three mobile companies of China, the Finance Minister said today

Post cover
Image courtesy of "Goodreturns Tamil"

கடன் செயலிகளுக்கு செக்.. நிர்மலா சீதாராமன் அதிரடி ... (Goodreturns Tamil)

FM Nirmala Sitharaman Taking action on dubious digital loan apps கடன் செயலிகளுக்குச் செக்.. நிர்மலா சீதாராமன் ...

சந்தேகத்திற்குரிய உள்நாட்டு மற்றும் வெளிநாட்டு டிஜிட்டல் கடன் செயலிகள் தொடர்பாக நிதி அமைச்சகம், கார்ப்பரேட் விவகாரங்கள், மின்னணுவியல் மற்றும் தகவல் தொழில்நுட்ப அமைச்சகம் மற்றும் உள்துறை உட்படச் சில முக்கியத் துறைகள் தொடர்ந்து விவாதித்து, இந்தச் செயலிகள் மீதான வழக்குகள் மீது நடவடிக்கை எடுக்கச் செயல்பட்டு வருவதாகச் சீதாராமன் கூறினார். கடன் வழங்குவதில் RBI விதிமுறைகளைப் பின்பற்றாமல் இயங்கக்கூடிய சீன நிறுவனங்களால் இயக்க கூடிய சந்தேகத்திற்குரிய டிஜிட்டல் கடன் செயலிகள் குறித்த அறிக்கையைக் குறித்து நிதியமைச்சர் நிர்மலா சீதாராமன்-யிடம் கேட்கப்பட்டது. சந்தேகத்திற்குரிய உள்நாட்டு மற்றும் வெளிநாட்டு டிஜிட்டல் கடன் செயலிகள் மற்றும் அவற்றை அமைக்கவும், இயக்கவும் உதவிய இந்தியர்களுக்கு எதிராக அரசு நடவடிக்கை எடுத்து வருவதாக நிதியமைச்சர் நிர்மலா சீதாராமன் செவ்வாய்க்கிழமை ராஜ்யசபாவில் தெரிவித்தார்.

Inflation debate: Nobody is in denial about price rise, says FM ... (Economic Times)

Finance Minister Nirmala Sitharaman on Tuesday said the government has adopted a targeted approach, based on ground-level inputs, to tackle retail inflation ...

Post cover
Image courtesy of "Business Insider India"

Finance Minister Nirmala Sitharaman reveals government is ... (Business Insider India)

Finance Minister Nirmala Sitharaman has revealed that the government is investigating multiple Chinese smartphone makers for tax evasion. Xiaomi, Oppo, and.

“The third company is Vivo India, for whom also there is a demand notice given for ₹2,217 crore, against which they have deposited ₹60 crore as a voluntary deposit. The ED had claimed that Vivo had transferred nearly $8 billion to its parent company in China over five years to evade taxes. AdvertisementThe ED had claimed that Xiaomi India had illegally remitted ₹5,551.27 crore to three foreign entities. Speaking about Xiaomi, Sitharaman added, “Three showcause notices have been issued to them, and their approximate duty liability is about ₹653 crore. That is the demand. That duty evasion, we think, is about ₹2,981 crores," Finance Minister Nirmala Sitharaman said in the Rajya Sabha.

Post cover
Image courtesy of "India Today"

Rupee hasn't collapsed, finding its 'natural course', says Nirmala ... (India Today)

Union Finance Minister Nirmala Sitharaman on Tuesday emphasised that there was no collapse in the value of the Indian rupee and that it was actually finding ...

The finance minister also said that the Indian rupee had performed better than its peers. So the ways and which we want to strengthen... It is more to avoid the volatility and allow it to find its course,” the finance minister said.

Explore the last week