Nirmala Sitharaman
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Investments is sought out by India from public and private sector firms in Arab regions in various sectors like infrastructure and railways enhance the fiscal knot in the midst of regions. Nirmala Sitharaman who gave speech in the 4th India-Arab conference, said that there are vast opportunities for the businesses of Arab regions to make [...] Continue Reading »
Commerce and Industry Minister Nirmala Sitharaman has said in a recent statement that the Government is mulling a proposal pertaining to the easing of the norms related to foreign direct investment (FDI) in the construction sector. With Sitharaman disclosing that the Government is currently working on a proposal under which FDI norms in construction development [...] Continue Reading »
The Centre on Wednesday said the forthcoming visit of the Chinese President is expected to bring about a directional change in the relationship between the countries in addition to boosting trade and investments. Commerce and Industry Minister Nirmala Sitharaman said that some announcements are expected during the visit with regard to setting up of industrial [...] Continue Reading »
India today asked China to invest in setting up manufacturing units in the country to bridge the widening trade deficit and create jobs in the country. Commerce and Industry Minister Nirmala Sitharaman said India has signed an agreement with China in June to set up Chinese Industrial Parks in India. Sitharaman said there that they [...] Continue Reading »
Narendra Modi has made a conscious decision to give commerce minister Nirmala Sitharaman a foot in the finance ministry as well for a reason. The main reason is to try and make sure that bitter turf wars that have existed in between the two sides could be resolved to the mutual benefit of all concerned. [...] Continue Reading »
Ahead of prime minister Narendra Modi’s scheduled laying of foundation for the Rs 4,000 crore Jawaharlal Nehru Port Trust SEZ this weekend, commerce ministry pitched for restoration of tax benefits, which are widely expected to be announced in foreign trade policy this month-end. Making her intent clear, commerce and industry minister Nirmala Sitharaman told the [...] Continue Reading »
A government official stated that the government is still in dilemma on whether the much controversial general anti-avoidance tax law or GAAR should be started as scheduled and whether they have enough time to review it. Shaktikanta Das, the revenue secretary said during a post budget interaction along with an industrial body CII that, in [...] Continue Reading »
The government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled or not. They have enough time to review that, and should look into all the aspects before taking the final call. The Revenue Secretary Shaktikanta Das mentioned in a post-Budget interaction with industry body CII (Confederation [...] Continue Reading »
