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"Hope @Infosys & @NandanNilekani will not let down our taxpayers in the quality of service being provided. Ease in compliance for the taxpayer should be our priority," Union finance minister Nirmala Sitharaman had tweeted on June 8.(ANI)

FinMin calls for written representations on glitches with new Income Tax portal

By hindustantimes.com | Written by Srivatsan K C, Hindustan Times, New Delhi
UPDATED ON JUN 16, 2021 09:28 PM IST
“Written representations are invited regarding the issues/glitches on the new Income Tax Portal on the email address fmo@nic.in latest by 7 PM on Friday, June 18, 2021," Nirmala Sitharaman's office tweeted.
Union finance minister Nirmala Sitharaman.(ANI File Photo)
Union finance minister Nirmala Sitharaman.(ANI File Photo)

Net Direct Tax collections in 2021-22 grows at over 100% despite Covid-19: MoF

By hindustantimes.com | Written by Srivatsan K C, Hindustan Times, New Delhi
PUBLISHED ON JUN 16, 2021 08:28 PM IST
In a statement announcing the figures on Wednesday evening, the ministry said “ The net Direct Tax collections include Corporation Tax (CIT) at Rs. 74,356 crore (net of refund) and Personal Income Tax(PIT) including Security Transaction Tax(STT) at Rs. 1,11,043 crore (net of refund).”
Finance ministry officials will meet Infosys on June 22. (Pradeep Gaur/Mint)
Finance ministry officials will meet Infosys on June 22. (Pradeep Gaur/Mint)

Finance ministry officials to meet Infosys over glitches in income tax portal

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON JUN 15, 2021 10:17 PM IST
  • Several taxpayers flagged that they were facing problem while filing IT returns.
Minister of state in the finance ministry, Anurag Thakur, has responded to the remarks of West Bengal Finance Minister Amit Mitra, who claimed that his voice was muzzled at the end of the GST Council meeting.(PTI)
Minister of state in the finance ministry, Anurag Thakur, has responded to the remarks of West Bengal Finance Minister Amit Mitra, who claimed that his voice was muzzled at the end of the GST Council meeting.(PTI)

GST Council meet: Amit Mitra's video connectivity was poor, says Anurag Thakur

Written by Prashasti Singh, Hindustan Times, New Delhi
PUBLISHED ON JUN 13, 2021 06:14 AM IST
Amit Mitra claimed that when he tried to voice objections after Sitharaman announced the GST Council's decision, his "voice was muzzled as the Secretary brought the meeting to a close and the virtual link was cut off".
Union Finance Minister Nirmala Sitharaman addresses a press conference on post 44th GST Council meeting, in New Delhi.
Union Finance Minister Nirmala Sitharaman addresses a press conference on post 44th GST Council meeting, in New Delhi.

GST rates slashed on essential Covid items

By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON JUN 13, 2021 06:16 AM IST
While GST on Amphotericin B (used to combat mucor) and Tocilizumab has been slashed from 5% to zero, tax on remdesivir and anti-coagulant Heparin has been reduced from 12% to 5%.
Delhi Deputy Chief Minister Manish Sisodia.(ANI)
Delhi Deputy Chief Minister Manish Sisodia.(ANI)

Sisodia demands full-tax waiver on Covid items at GST meet

By HT Correspondent, New Delhi
UPDATED ON JUN 13, 2021 01:30 AM IST
The deputy CM said ministers across several BJP-ruled states are against the suggestion of making Covid-19 medical equipment tax-free.
Nirmala Sitharaman said Covid-19 vaccines will continue to attract 5% GST. (Rahul Raut/HT PHOTO)
Nirmala Sitharaman said Covid-19 vaccines will continue to attract 5% GST. (Rahul Raut/HT PHOTO)

GST rates slashed on various Covid-related items: Full list

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON JUN 12, 2021 06:56 PM IST
  • Key decisions were taken during the 44th GST Council meeting on Saturday
The council has also approved rate reduction for Remdesivir from 12% to 5%; however no tax will be charged on black fungus or mucormycosis medicines Tocilizumab and Amphotericin.(HT Photo)
The council has also approved rate reduction for Remdesivir from 12% to 5%; however no tax will be charged on black fungus or mucormycosis medicines Tocilizumab and Amphotericin.(HT Photo)

GST Council: Covid-19 vaccines to carry 5% tax rate, says finance minister

By hindustantimes.com | Written by Arpan Rai, Hindustan Times, New Delhi
UPDATED ON JUN 12, 2021 07:50 PM IST
GST Council meet: Among the significant tax reductions, the GST Council has cut tax rate from 12% to 5% on medical grade oxygen, BiPaP machines, oxygen concentrators, ventilators, pulse oximeter, finance minister Sitharaman announced.
The GST Council meeting will be attended by the Union minister of state for finance Anurag Thakur as well as finance ministers of states and Union territories and senior government officers.
The GST Council meeting will be attended by the Union minister of state for finance Anurag Thakur as well as finance ministers of states and Union territories and senior government officers.

GST Council meet today; tax cut on Covid essentials, black fungus drug on agenda

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 12, 2021 06:41 AM IST
The GST Council may consider the recommendations of a GoM set up to look into demands for tax relief on medical supplies to treat Covid-19.
Infosys co-founder and chairman Nandan Nilekani. MINT(MINT_PRINT)
Infosys co-founder and chairman Nandan Nilekani. MINT(MINT_PRINT)

Regret initial glitches: Nandan Nilekani responds to Sitharaman on new tax site

By hindustantimes.com | Written by Shivani Kumar | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 09, 2021 07:02 AM IST
  • The new portal (www.incometax.gov.in) went live on Monday evening. It replaced the earlier income tax portal, www.incometaxindiaefiling.gov.in.
Nirmala Sitharaman asked Infosys to make sure taxpayers do not face issues while filing IT-returns. (PTI )
Nirmala Sitharaman asked Infosys to make sure taxpayers do not face issues while filing IT-returns. (PTI )

Taxpayers face glitches in new ITR portal; Sitharaman asks Infosys to rectify

By hindustantimes.com | Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi
PUBLISHED ON JUN 08, 2021 04:58 PM IST
  • The Union minister’s tweet comes after several taxpayers took to Twitter to complain about glitches and errors they had faced while e-filing their income tax returns.
West Bengal finance minister Amit Mitra also raised other issues. (Mint Print)
West Bengal finance minister Amit Mitra also raised other issues. (Mint Print)

‘Apprehensive about constitution of panel’: Amit Mitra

By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON JUN 05, 2021 04:46 AM IST
  • In a letter to Union finance minister Nirmala Sitharaman, Mitra asked her to record his “dissent” on various issues, including the constitution of the ministerial group.
Union Finance Minister Nirmala Sitharaman chairs the 43rd GST Council meeting in New Delhi.(PTI Photo)
Union Finance Minister Nirmala Sitharaman chairs the 43rd GST Council meeting in New Delhi.(PTI Photo)

Covid-related equipment extended tax exemption at GST council meet

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON MAY 28, 2021 08:42 PM IST
  • GST relief for MSME, can file pending returns with reduced late fees, says finance minister Sitharaman
The Union finance minister is the chairperson of the GST Council, where states/UTs are represented by finance ministers. The council is meeting after a gap of over seven months.(File photo) Exclusive
The Union finance minister is the chairperson of the GST Council, where states/UTs are represented by finance ministers. The council is meeting after a gap of over seven months.(File photo)

GST Council meet to centre on shortfall compensation

By Rajeev Jayaswal, New Delhi
UPDATED ON MAY 27, 2021 03:07 PM IST
The GST law assures states a 14% increase in their annual revenue for five years from July 1, 2020 and also guarantees to make good their revenue shortfall, if any, from the compensation cess levied on luxury goods and sin and luxury products.
Announcing the new PSE policy in the FY22 budget, Sitharaman said a bare minimum of PSEs will be maintained in four areas of strategic sectors, and the rest privatised, while in the non-strategic sectors, all PSEs will be privatized or closed.(File photo)
Announcing the new PSE policy in the FY22 budget, Sitharaman said a bare minimum of PSEs will be maintained in four areas of strategic sectors, and the rest privatised, while in the non-strategic sectors, all PSEs will be privatized or closed.(File photo)

Govt may give CPSEs more autonomy

By Asit Ranjan Mishra, New Delhi
PUBLISHED ON MAY 26, 2021 12:09 AM IST
Finance minister Nirmala Sitharaman in February said India’s new PSE policy had paved the way for the presence of public enterprises in a scaled-up and professionally run manner in strategic sectors.
Several states, including West Bengal and Punjab, proposed the GST waiver.(File photo)
Several states, including West Bengal and Punjab, proposed the GST waiver.(File photo)

Centre may waive GST on items essential for Covid-19

By Rajeev Jayaswal, New Delhi
UPDATED ON MAY 26, 2021 05:02 AM IST
As several states have asked to exempt all Covid-essential materials, equipment, medicines and vaccines from GST, the ‘end use-based exemption’ proposal could be placed before the GST Council, which is the competent authority to decided this matter, they said requesting anonymity.
Finance minister Nirmala Sitharaman (@FinMinIndia)
Finance minister Nirmala Sitharaman (@FinMinIndia)

Sitharaman hands over keys to homebuyers as SWAMIH Fund completes first project

By hindustantimes.com | Edited by Karan Manral, New Delhi
UPDATED ON MAY 13, 2021 10:10 PM IST
Union finance minister Nirmala Sitharaman on Thursday virtually handed over keys to 640 homebuyers under the central government’s ambitious ‘SWAMIH’ initiative, which completed its first project, the Mumbai-based Rivali Park Wintergreen.
Chief minister of Chhattisgarh Bhupesh Baghel requested the Union Minister to sympathetically consider the problems of small and medium businessmen of the state in this critical time.(HT File Photo)
Chief minister of Chhattisgarh Bhupesh Baghel requested the Union Minister to sympathetically consider the problems of small and medium businessmen of the state in this critical time.(HT File Photo)

Chhattisgarh CM urges for financial assistance to small, medium businesses

ANI | , Raipur
PUBLISHED ON MAY 03, 2021 07:25 PM IST
On request of the Chhattisgarh Chamber of Commerce and Industries, Baghel has written a letter to Union Minister and demanded to postpone the due date of filing various kinds of returns in April and May for two months.
FM inaugurates India's first 3D printed house at IIT-M
FM inaugurates India's first 3D printed house at IIT-M

FM inaugurates India's first 3D printed house at IIT-M

PTI |
PUBLISHED ON APR 28, 2021 01:55 PM IST
Union Finance Minister Nirmala Sitharaman on Tuesday inaugurated the country's first 3D printed house at IIT, Madras, conceived by former alumni and built in just five days, and said the nation needs more such young minds, who send 'positivity and showcase India's abilities to the world."
Finance minister Nirmala Sitharaman.(Mint photo)
Finance minister Nirmala Sitharaman.(Mint photo)

‘Need complete trust between govt, industry to sustain growth’: Sitharaman

PTI | , Hindustan Times, Kolkata
PUBLISHED ON APR 21, 2021 08:10 AM IST
Sitharaman said the central government has disbursed 4,650 crore to Serum Institute of India and Bharat Biotech for vaccine production till July, which will be available for free in government hospitals.
Adar Poonawalla, chief executive officer of Serum Institute of India Ltd., at the company's Hadapsar plant in Pune, Maharashtra. (Bloomberg)
Adar Poonawalla, chief executive officer of Serum Institute of India Ltd., at the company's Hadapsar plant in Pune, Maharashtra. (Bloomberg)

SII CEO Poonawalla lauds Modi, Sitharaman for boost to vaccine production

By hindustantimes.com | Written by Avik Roy, New Delhi
UPDATED ON APR 20, 2021 01:00 PM IST
Adar Poonawalla, the CEO of Serum Institute of India, the manufacturer of Covishield, said the ‘decisive policy changes’ and ‘swift financial aid’ by the Centre to help the vaccine-makers will help ramp up Covid-19 vaccine production and distribution in India.
Finance minister Nirmala Sitharaman.(Mint file photo)
Finance minister Nirmala Sitharaman.(Mint file photo)

No nationwide lockdown: Sitharaman to India Inc

By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON APR 20, 2021 04:59 AM IST
The finance minister on Monday noted suggestions of major industry associations and over a dozen business leaders to keep the economy up and running amid the second wave of Covid-19 pandemic.
Finance minister Nirmala Sitharaman. The Centre will respond to any requirement of the industry, particularly MSMEs, so that economic activities are not disrupted, said officials. HT PHOTO(MINT_PRINT)
Finance minister Nirmala Sitharaman. The Centre will respond to any requirement of the industry, particularly MSMEs, so that economic activities are not disrupted, said officials. HT PHOTO(MINT_PRINT)

Government weighs economic stimulus as India sees record surge in Covid-19 cases

By Rajeev Jayaswal, New Delhi
UPDATED ON APR 15, 2021 09:02 AM IST
  • The package could provide relief to the poor if the second wave of the pandemic disrupts their livelihood, three people familiar with the thinking in the government said
Finance minister Nirmala Sitharaman.mint(MINT_PRINT)
Finance minister Nirmala Sitharaman.mint(MINT_PRINT)

Govt will not impose lockdown in 'big way': Nirmala Sitharaman

PTI | , New Delhi
UPDATED ON APR 14, 2021 07:35 AM IST
In a virtual meeting with World Bank Group president David Malpass, Sitharaman appreciated the initiatives of the World Bank to increase the lending space for India to enhance availability of finance for development.
Finance Minister Nirmala Sitharaman during a virtual meeting of BRICS finance ministers and central bank governors meeting in New Delhi. (ANI Photo)
Finance Minister Nirmala Sitharaman during a virtual meeting of BRICS finance ministers and central bank governors meeting in New Delhi. (ANI Photo)

IMF quota review: Sitharaman pushes for greater coordination among BRICS nations

PTI | , New Delhi
PUBLISHED ON APR 06, 2021 10:20 PM IST
The finance minister pointed out the need of BRICS nations to respond to the COVID-19 crisis through policy support and enhanced international coordination.
Finance minister Nirmala Sitharaman, who is on a two-day visit to the poll bound Kerala, has been actively campaigning to seek support for the Bharatiya Janata Party (BJP) candidates in the upcoming state assembly elections.(Twitter/@nsitharaman)
Finance minister Nirmala Sitharaman, who is on a two-day visit to the poll bound Kerala, has been actively campaigning to seek support for the Bharatiya Janata Party (BJP) candidates in the upcoming state assembly elections.(Twitter/@nsitharaman)

Nirmala Sitharaman says agencies were not allowed to investigate corruption

By hindustantimes.com | Written by Srivatsan K C, New Delhi
PUBLISHED ON APR 04, 2021 06:22 PM IST
“During UPA, mountainous amount of corruption happened but no agency was allowed to investigate,” Nirmala Sitharaman said.
Union finance minister Nirmala Sitharaman addresses an election rally in Kuthuparamba, Kerala. (ANI Photo)
Union finance minister Nirmala Sitharaman addresses an election rally in Kuthuparamba, Kerala. (ANI Photo)

Sitharaman says people who vote for BJP will face ire of LDF in Kerala

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON APR 03, 2021 07:14 PM IST
  • Sitharaman said that the Left Front parties have threatened anyone who have challenged their ideology. She said BJP voters risk angering the LDF in Kerala.
Small savings are the lifeline of India's low-income groups.(Reuters File Photo)
Small savings are the lifeline of India's low-income groups.(Reuters File Photo)

India rolls back decision to cut rates on small savings; oppn reacts: 10 points

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
UPDATED ON APR 01, 2021 12:58 PM IST
The rate cut affected several schemes, including Public Provident Fund (PPF) and National Savings Certificates (NSC). The government routinely announces interest rates for small saving schemes at the end of every quarter.
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