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.
In the new tax regime, the taxpayers' income won't include the rebates and exemptions which is included in the old regime to lower down the overall tax paid.
'After failure of Modinomics, a new word Thalinomics has been coined while the 'thali' of the common man is empty as the food inflation is at 14.12 per cent,' Congress leader Gaurav Vallabh said.
Sitharam also warned the states who showed an unwillingness to implement the Act and said the state governments cannot say that the law will not be implemented and the resolutions passed in the state assemblies will not have any impact and is illegal.
In a rebuttal, Sitharaman's office clarified that she has already met economists as part of her pre-Budget consultations.
While investigating a fraud case, the agency shall be sensitive to the distinction between a bonafide decision and criminal involvement.
