Nirmala Sitharaman

Will India continue to buy Russian oil? Sitharaman says ‘yes, our decision where we buy oil from’

India will continue to buy Russian oil as the call for such purchases depends on what suits our interests best, said Union Finance Minister Nirmala Sitharaman in an interview with Network 18.

GST 2.0 was in the works for about 8 months: Sitharaman says PM Modi wanted it simplified

Union Finance Minister Nirmala Sitharaman said the new GST 2.0 regime, with simpler slabs and consumer-friendly measures, will reduce prices, leave more money in people’s hands and boost domestic demand during the festive season

'Citizens matter, revenue not consideration': Sitharaman on GST rate cuts

The cuts to the Goods and Services Tax (GST) have not considered foregone revenue but only factored in the welfare of citizens, Union Finance Minister Nirmala Sitharaman told Network 18 in an interview.

GST 2.0 reforms will incentivise consumers to push domestic demands: Sitharaman

Talking about GST 2.0's impact on consumption in the economy, Sitharaman told Network18, "Citizen now has a choice to spend money. Now prices of everything have come down. This will definitely increase what people spend"

Why the GST reform is a festive bonanza for the common man

India has rolled out its biggest GST reforms since 2017, cutting rates on essentials, farm equipment, and insurance while simplifying slabs to just five per cent and 18 per cent. A new 40 per cent rate targets luxury and sin goods. The changes aim to ease household budgets, support farmers and students, and boost spending ahead of the festive season

From groceries to popcorn, how GST 2.0 will affect your food bill

Your food bill will see a drastic reduction, starting September 22, after India’s GST Council approved next-generation reforms to the tax structure. Now, everyday food items and kitchen staples will get cheaper. Also, for those who like dining out, there’s a reason to rejoice, as GST on restaurants has been slashed to five per cent

Simplifying tax slabs, no cess on life & health insurance: What reforms is GST Council likely to push through?

The Goods and Services Tax (GST) Council is set to discuss several important issues, including the Centre’s proposed reform of tax slabs, the expiring compensation cess and whether to exempt health and life insurance. Prime Minister Narendra Modi had announced a slew of ‘next-generation’ reforms during his Independence Day speech last month

New Income Tax bill clears in Lok Sabha: What are the big changes?

The Income-Tax (No.2) Bill, 2025 seeks to replace the Income Tax Act, 1961. The development comes days after Finance Minister Nirmala Sitharaman withdrew the previous draft of the bill in the Lok Sabha. But what do we know about the changes in the bill? Why was the earlier bill withdrawn? How do you benefit?

Elon Musk’s Tesla to debut in India next week, first experience centre at Mumbai’s BKC

Tesla is set to make its long-awaited debut in India on July 15 with the launch of its first experience centre in Mumbai’s Bandra Kurla Complex

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens. The tax deduction limit on interest income for them has been doubled from Rs 50,000 to Rs 1 lakh and withdrawals from National Savings Scheme will be exempted from taxes