Sitharaman concerned about sluggish deposit growth

New Delhi: Union Finance Minister Nirmala Sitharaman attended the meeting of the members of the Central Board of Directors of the Reserve Bank of India (RBI) in the national capital. This meeting took place shortly after the Union Budget 2024-25 and the Finance Bill were passed. Through the Finance Bill, the government also introduced some amendments in Parliament. RBI Governor Shaktikanta Das and other board members of the bank also participated in this meeting. It is believed that the budget provisions and the current economic situation of the country would…

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GST, a success of vast proportions

Nirmala Sitharaman

New Delhi: Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman in her Budget speech today said that GST has decreased the tax incidence on common man, reduced compliance burden and logistics cost for trade and industry. While presenting the Union Budget 2024-25 in Parliament today, the Minister termed GST as a success of vast proportions. In order to facilitate trade, several amendments have been made to the GST Laws. As part of this, Extra Neutral Alcohol used in manufacture of liquor will be kept out of the purview…

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Not enough money to contest elections says Nirmala Sitharaman

New Delhi: Union Finance Minister Nirmala Sitharaman  said that the Bharatiya Janata Party (BJP) has offered her a ticket to contest the 2024 Lok Sabha elections. However, she turned down the offer citing lack of money to contest the elections. The minister said that BJP chief JP Nadda had given her the option of contesting from Andhra Pradesh or Tamil Nadu. She said, “After thinking for a week or 10 days, I just went back to say… maybe not. I don’t have enough money to contest the elections. I also…

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