Highlights

  • Parliament passes Central Goods and Services Tax Amendment Bill
  • Sitharaman focuses on Centre's flagship programmes
  • Amalgamation of PSUs is a big achievement for Sitharaman

Latest news

13 dead, 99 rescued after Navy boat rams into ferry off Mumbai coast

13 dead, 99 rescued after Navy boat rams into ferry off Mumbai coast

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

5 terrorists killed in encounter with security forces in Jammu and Kashmir

5 terrorists killed in encounter with security forces in Jammu and Kashmir

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

No provision of free travel for Prayagraj Maha Kumbh Mela: Railways

No provision of free travel for Prayagraj Maha Kumbh Mela: Railways

\'Mereko marwaoge\': Rohit Sharma's hilarious response to Pujara, Rahane 'retirement mistake' goes viral

\'Mereko marwaoge\': Rohit Sharma's hilarious response to Pujara, Rahane 'retirement mistake' goes viral

Trains movement hit in Punjab as farmers squat on tracks as part of Rail Roko protest

Trains movement hit in Punjab as farmers squat on tracks as part of Rail Roko protest

Nirmala Sitharaman's 64th Birthday: Here's a list of the Finance Minister's major achievements

In her time as the Finance Minister, Nirmala Sitharaman has added remarkable achievements to her portfolio

Nirmala Sitharaman's 64th Birthday: Here's a list of the Finance Minister's major achievements

Finance Minsiter Nirmala Sitharaman turns 64 today. As one of the most interactive Union Ministers, Sithraman holds regular meetings with industry bodies and never turns away from bringing changes and innovations whenever required.

A report by Mint puts together some of Finance Minister Nirmala Sitharaman's major achievements:

Central Goods and Services Tax Amendment Bill

Finance Minister introduced the Central Goods and Services Tax Amendment Bill on Monsoon sessions' final day. The Lok Sabha apporved the amendments that had a slew of changes including 28% tax on Online gaming, horse racing, casinos, 5% GST on hotels in Cineplex, 22% tax on SUVs among others. Nirmala Sitharaman also told the Parliament that the 28% GST on Online games as recommended by the 50th GST Council meeting, will result in the increase of revenue from current levels.

Flagship Schemes

Finance Minister Nirmala Sitharaman has been vocal about garnering support and promoting flagship schemes. FM Nirmala Sitharaman has earlier said that Regional Rural Banks (RRBs) should continue their focus on flagship schemes of the Central government such as PMJJBY, PMSBY, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, KCC, KCC Animal Husbandry & Fisheries, and aim for their saturation.

Income Tax Slabs

In her budget presentation, Finance Minister Nirmala Sitharaman introduced a big tax slab change for the working middle class faction. She has proposed to make the exemption limit to ₹7 lakh under the new tax regime. The Centre has now made the new income tax slab as the default tax regime.

Merging public sector banks

Finance Minister led the merging of public sector banks. The government announced the merger of 10 public sector lenders into 4 bigger and stronger banks in 2020. An RBI research paper recently mentioned that the merging of banks has improved the efficiency of the banking sector.

Nirmala Sitharaman while speaking at the national CA conference organized by the Institute of Chartered Accountants of India (ICAI) in Bhubaneswar urged the chartered accountants to familiarize themselves with new-age concepts and areas of accounting and compliance.

ADVERTISEMENT

Up Next

Nirmala Sitharaman's 64th Birthday: Here's a list of the Finance Minister's major achievements

Nirmala Sitharaman's 64th Birthday: Here's a list of the Finance Minister's major achievements

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

ADVERTISEMENT

editorji-whatsApp

More videos

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Auto Expo to see highest-ever participation of vehicle manufacturers: SIAM

Auto Expo to see highest-ever participation of vehicle manufacturers: SIAM

Russia Eases Travel Norms for India, Visa-Free Travel Expected by 2025

Russia Eases Travel Norms for India, Visa-Free Travel Expected by 2025

Bitcoin's Rally Continues: Surpasses $106,000 on News of Trump’s Bitcoin Reserve Fund

Bitcoin's Rally Continues: Surpasses $106,000 on News of Trump’s Bitcoin Reserve Fund

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.