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tax rate news

Milk, AC, life insurance and others to become cheaper from Sept 22 | Details

GST on common items of daily use, such as hair oil, toilet soap bars, shampoos, toothbrushes, and toothpaste have been reduced 18% or 12% to 5%
india news
Published on Sept 04, 2025 12:54 pm IST

Removal of GST 12% and 28% slabs okayed by key panel; up to council for decision

(From right) Union finance minister Nirmala Sitharaman and MoS Pankaj Chaudhary at a meeting of the Group of Ministers (GoM) in New Delhi. Bihar FM Samrat Choudhary is the convener of the GoM.
india news
Updated on Aug 21, 2025 11:01 pm IST

GST Council hikes tax on used, old EV cars by businesses; Opposition reacts

Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council in Jaisalmer on Saturday.
india news
Updated on Dec 22, 2024 07:02 am IST

GST Council rejigs rates, defers call on insurance

Union finance minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer on Saturday. (PTI)
india news
Updated on Dec 22, 2024 05:03 am IST

GST Council postpones decision to cut tax on life and health insurance

Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance Minister Nirmala Sitharaman at Vigyan Bhawan, in New Delhi. The Appointments Committee of the Cabinet has appointed Malhotra as the the new Governor of the Reserve Bank of India (RBI) for a three-year term beginning from December 12, 2024.
business
Published on Dec 21, 2024 01:47 pm IST

Nirmala Sitharaman on Budget 2024: ‘Want to give relief to middle class but...'

Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of the Parliament, in New Delhi.
business
Updated on Jul 25, 2024 11:07 am IST

Indian rupee declines to record low after government raises tax on capital gains

The rupee declined to 83.69 to the dollar. (Getty Images/iStockphoto)
business
Published on Jul 23, 2024 02:30 pm IST

Florida Mega Millions ticket scoops $1.58B jackpot, tax bite looms large

Lottery tickets for the Mega Millions jackpot which is at $1.58 billion are seen in a store on August 8, 2023 in New York.
world news
Published on Aug 09, 2023 10:29 pm IST

Mandatory 1% GST payment not to affect small companies: Official

The new rule said the registered person should not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99% of tax liability, in cases where the value of taxable supply in a month would exceeds Rs 50 lakh.
business
Published on Dec 26, 2020 02:37 pm IST

Farm reforms must ensure price stability, food security

Farmers listen to a speaker as they take part in a protest against the central government’s recent agricultural reforms at the Delhi-Haryana state border in Singhu on Friday.
opinion
Updated on Dec 04, 2020 05:03 pm IST

PM Modi to launch platform to honour honest taxpayers

Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.
business
Published on Aug 13, 2020 06:07 am IST

Tax option will help 69% individual filers save money: Centre

The scheme, Union finance minister Nirmala Sitharaman said while announcing the budget on February 1, was meant to leave people with more money in their hands instead of forcing them to put it into savings.
business
Updated on Feb 08, 2020 01:09 am IST

‘Purpose behind tax move is to offer a simplified system’: Revenue Secretary

Revenue Secretary Ajay Bhushan Pandey
india news
Updated on Feb 03, 2020 12:43 am IST

Given existing constraints, the FM did her best. Now, continue to push reforms over the year

The direction in which the economy goes will depend on the reforms that follow this budget
analysis
Published on Feb 01, 2020 10:16 pm IST

The budget is brave. It will boost sentiment, growth | Opinion

Overall, this is a brave and balanced budget that will boost investors’ sentiments and restore the economic growth momentum
analysis
Updated on Feb 02, 2020 12:08 pm IST

Budget 2020: Fiscal expenditure is the way out | Opinion

The criticism against enhanced government expenditure is misplaced. Take the blinkers off
analysis
Updated on Jan 29, 2020 07:56 pm IST

Budget may reform GST filing process

The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws
budget
Updated on Jan 25, 2020 05:19 am IST

India faces first fall in direct taxes in at least two decades: Report

India’s corporate and income tax collection for the current year is likely to fall for the first time
business
Updated on Jan 24, 2020 06:25 pm IST

Budget 2020: Focus on growth

India needs synergy in its efforts to seek long-term finance to sustainably finance investments and provide attractive returns to households outside what continues to be an overvalued stock market
editorials
Updated on Jan 15, 2020 07:04 pm IST

GST Council may go for 3 rate slabs; could make phones and air travel pricier

Union Minister for Finance Nirmala Sitharaman addresses a press conference during the GST meet held in Old Goa. Minister of State for Finance Anurag Thakur also present.
business
Updated on Dec 11, 2019 10:33 am IST

GST leads to ₹320 monthly saving for households: Study

The note has been prepared by the ministry to ascertain the impact of GST, two government officials said on condition of anonymity.
india news
Updated on Dec 01, 2019 05:41 am IST

HTLS 2019 | Delhi’s economic model: A blueprint for the future | Opinion

Mohalla clinics, polyclinics and speciality hospitals provide free diagnostics, medicines and quality treatment to all, irrespective of their annual income
hindustan times leadership summit 2019
Updated on Dec 01, 2019 06:58 am IST

Decoding the winter session so far | Opinion

The government has brought in two bills not on its stated legislative agenda - on the SPG and merger of UTs
analysis
Updated on Nov 28, 2019 07:47 pm IST

Will make a blueprint for companies moving out of China, get them here: FM

India has been mulling options to attract companies leaving China or branching out, that include financial incentives such as preferential tax rates and tax holidays. (Photo @FinMinIndia)
world news
Updated on Oct 20, 2019 06:38 pm IST

Not fair to say there is a widespread slowdown: Ajay Bhushan Pandey

Ajay Bhushan Pandey, a 1984 batch Maharashtra cadre Indian Administrative Service officer.
india news
Updated on Oct 16, 2019 05:43 am IST

Govt plans rejig in personal tax slabs to boost spending

Government officials have been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19. (Photo @nsitharaman)
india news
Updated on Jul 05, 2020 03:43 pm IST

Nirmala Sitharaman to meet secretaries, financial advisors of key ministries in Delhi today

The meeting with Finance minister Nirmala Sitharaman is likely to be held on the future plan for Capital Expenditure in the current financial year.
india news
Published on Sept 27, 2019 10:41 am IST

What the tax cut will achieve; what it won’t

What is needed now are policy interventions for effecting structural changes in our skill development programmes, which, in turn, requires a paradigm shift in imparting education
analysis
Updated on Sept 24, 2019 08:45 pm IST

Tax cuts will attract investors looking to shift from China: Nirmala Sitharaman

Nirmala Sitharaman said the government’s decision to reduce the corporate tax rate has turned India into an attractive investment destination.
india news
Updated on Sept 23, 2019 06:43 am IST

‘No plans to revise fiscal deficit target now’: Sitharaman

Asked if the government will consider revising the fiscal deficit target, Finance Minister Nirmala Sitharaman said these are “decisions taken near the Budget”.
india news
Updated on Sept 22, 2019 09:43 pm IST
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