Foreign investors selling Indian equities due to ‘profit booking’: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
Union Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.
In a significant move during her Union Budget speech, Finance Minister Nirmala Sitharaman has allocated Rs 6.81 lakh crore to the defence sector for FY25, marking a modest increase from last year’s allocation of Rs 6.21 lakh crore. This reflects the government’s unwavering focus on fortifying India’s defence capabilities.
Finance Minister Nirmala Sitharaman on Saturday announced changes in the Goods and Services Tax (GST) laws under the Union Budget 2025-26 in a bid to ensure trade facilitation.
The state finance minister Chandrima Bhattacharya will present the budget on 12 February after the Budget Session will commence on 10 February.
The Government would also set up an independent nodal umbrella body for meeting wide-ranging testing and certification requirements, the Finance Minister said.
The Ayog had also proposed production of E-20 tuned engine vehicles from April 2025.
The allocation for the Maldives is Rs 360 crore and for Sri Lanka Rs 200 crore.
She proposed to allocate Rs 1 lakh crore to assist the states in catalysing overall investments in the economy for 2022-23.
The revival in exports was also helped by timely initiatives taken by the Government.
