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.
'We are willing to spend if we have to. But we will not repeat past mistakes of splurging,' she said.
The defence budget hiked by 6 per cent to Rs 3.37 lakh crore which was earlier Rs 3.18 lakh crore. The total budget with defence pensions goes upto Rs 4.7 lakh crore.
Finance Minister also said the government has fixed a target to relax fiscal deficit by 0.5 per cent.
Kejriwal further questioned why people should vote for the saffron party as it has disappointed the city just before the Assembly elections.
The minister also said that the companies will not need to pay dividend distribution tax (DDT).
