India’s Finance Minister Nirmala Sitharaman has clarified that the newly launched Unified Pension Scheme (UPS) is a new offering and not a rollback of the existing New Pension Scheme (NPS) and Old Pension Scheme (OPS). She also accused the Opposition Congress party of spreading misinformation about the UPS.
US Vice President Kamala Harris’ proposal to increase corporate tax rates and long-term capital gains tax has drawn comparisons to Indian Finance Minister Nirmala Sitharaman’s recent budget announcements. Social media has been abuzz with memes comparing the two politicians, highlighting the similarities in their tax policies and sparking discussions about their economic strategies.
August 18th holds a significant place in history, marking the discovery of Phobos, the birth of India’s Finance Minister, and the inauguration of IIT Kharagpur, among other noteworthy events. This article delves into these events, highlighting their impact on the world.
Union Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha, proposing significant changes to key banking regulations. The bill aims to increase the number of nominees per bank account, redefine ‘substantial interest’ for directorships, grant banks more flexibility in auditor pay, and adjust regulatory reporting dates. The bill also seeks to amend several laws, including the Reserve Bank of India Act and the Banking Regulation Act.
RPG Enterprises Chairman Harsh Goenka shared a humorous video of Rajya Sabha member Ramdas Athawale commenting on the Union Budget 2024. Goenka’s witty reaction highlights the viral nature of Athawale’s commentary, drawing attention to the budget’s key provisions like agricultural support, employment schemes, and tax changes.
West Bengal Chief Minister Mamata Banerjee’s claim that her microphone was switched off during the NITI Aayog meeting was refuted by the government, with Finance Minister Nirmala Sitharaman stating that her allotted speaking time had simply expired. Banerjee’s accusation sparked a controversy, with other Chief Ministers, including M.K. Stalin, expressing their support for her and criticizing the alleged treatment.
Finance Minister Nirmala Sitharaman on Wednesday refuted the opposition’s accusations that the Union Budget was discriminatory, calling it an outrageous allegation and a deliberate attempt to mislead the public. The opposition, led by the Congress, claimed that the budget favored Andhra Pradesh and Bihar while neglecting other states. Sitharaman countered that every budget cannot explicitly name all states and that funding allocations are made through various channels, including external aid.
India’s Finance Minister Nirmala Sitharaman announced a significant allocation of ₹26,000 crore for infrastructure projects in Bihar, sparking a flurry of memes on social media. While the projects promise development, some online users criticized the government for prioritizing Bihar over other states and neglecting the middle class.
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2024 on July 23, the middle class in India eagerly awaits potential tax relief measures. Memes and jokes abound, reflecting anxieties about income tax scenarios. Expectations range from raising the standard deduction limit to adjusting income tax slabs to ease financial burdens.
Finance Minister Nirmala Sitharaman, known for her love of Indian textiles, stepped out in a white saree with a violet border on Budget Day. This marks her seventh consecutive budget presentation, exceeding the record of six held by late Moraji Desai. This article explores her sartorial choices over the years.
