In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce

India will continue to rationalize import duties and streamline its customs tariff structure, Finance Minister Nirmala Sitharaman stated during a post-Budget press conference in Mumbai. She emphasized that anti-dumping duties are periodically reviewed to ensure a fair and investor-friendly trade environment. The government’s tariff policy reforms aim to make India an attractive investment hub while ensuring global competitiveness.Addressing concerns about imported inflation amid global

Raghav Chadha, AAP Rajya Sabha MP, lashed out at Union Finance Minister Nirmala Sitharaman on Friday over her remarks in Parliament regarding his understanding of taxation. The confrontation arose after Sitharaman countered Chadha's criticism of the Union Budget and its tax provisions. In a video message shared on X, Chadha called Sitharaman's remarks a "personal attack" and stressed that she had chosen to respond only to his explanation about tax rebates rather than the bro

 As the Union Budget 2025 approaches on February 1, Finance Minister Nirmala Sitharaman is expected to address rising concerns over high inflation and shrinking disposable incomes, with a focus on tax relief for salaried individuals. One of the most anticipated measures is the potential increase in the standard deduction for salaried employees. Under the current system, a standard deduction of Rs 75,000 is available for those opting for the New Tax Regime, while the Old Tax Reg

Ahead of the Union Budget 2025-26, the government is expected to introduce measures to aid small businesses, farmers, and the export sector. Finance Minister Nirmala Sitharaman recently held her fourth pre-budget consultation, where she discussed key economic policies and priorities with stakeholders. Sources suggest that the government may announce tax relief for middle-class citizens to help revitalize the slowing economy, along with support for micro, small, and medium enterprises (MSMEs).

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

In a recent statement to Parliament, Finance Minister Nirmala Sitharaman shared significant developments regarding the government's efforts to recover assets from fugitive businessmen. Properties worth ₹14,131 crore that once belonged to Vijay Mallya have been seized and handed over to public and private sector banks. This is part of the larger ₹22,280 crore recovered by the Enforcement Directorate (ED) to settle debts of fugitive businessmen, including Mallya, Mehul Choksi, and Nirav

Finance Minister’s View on GDP Growth: In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh

In a heated debate in the Rajya Sabha marking the 75th anniversary of India’s Constitution, Finance Minister Nirmala Sitharaman launched a scathing attack on Congress, accusing the party of repeatedly undermining the Constitution through amendments during its rule. Sitharaman specifically targeted India's first Prime Minister Jawaharlal Nehru, referring to the first Constitutional amendment in 1951 that aimed to curb freedom of speech, despite Nehru's public support for press fr

Finance Minister Nirmala Sitharaman's recent remarks regarding the death of 26-year-old chartered accountant Anna Sebastian Perayil, allegedly due to work pressure, have sparked significant controversy. Speaking at a medical college event in Chennai, the minister suggested that individuals require "inner strength" to cope with pressure, which she attributed to divine influence. Her comments, particularly in light of Anna's tragic passing, have been deemed insensitive by many