News on AIR

August 26, 2023 5:47 PM

FM Sitharaman meets European Commission’s Executive Vice-President Valdis Dombrovskis in New Delhi

Union Finance Minister Nirmala Sitharaman met European Commission’s Executive Vice-President Valdis Dombrovskis in New Delhi on Saturday and discussed bilateral economic and financial issues of mutual interests. They also exchanged views on ongoing consultations for India-EU Investment Protection Agreement and India-EU Free Trade Agreement. In a social media post, Ministry of Finance said that Ms Sitharaman also met United Kingdom Secretary of State for Business and Trade, Kemi Badeno...

August 21, 2023 8:24 PM

Gujarat: FM Nirmala Sitharaman emphasizes the need for optimal utilization of government's resources

Union Finance Minister Nirmala Sitharaman emphasized the need for optimal utilization of the vast resources of the government and mentoring of young generations to achieve the goal of developed India by 2047. The Minister said this in her remarks at the Chintan Shivir of the Finance Ministry which began at Kevadiya in Gujarat today. Akashvani's correspondent reports that the discussions held today were focused on various aspects of capacity-building in the areas of human r...

August 7, 2023 1:39 PM

Union Finance Minister Nirmala Sitharaman says government has put in place investor-friendly policy to promote foreign investment

Union Finance Minister Nirmala Sitharaman said that the government has put in place an investor-friendly policy to promote foreign investment. In a reply in Lok Sabha, the Union Minister informed that except certain strategically important sectors , rest are open for 100 percent FDI under the automatic route. She said that to promote growth, various steps have been announced in the 2023-24 union budget including an increase in capital investment outlay. The Union minister mentioned that the gove...

July 12, 2023 7:47 AM

Cancer-fighting drugs, medicines for rare diseases and food products for special medical purposes exempted from GST

The GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from the GST regime. This was announced by Union Finance Minister Nirmala Sitharaman at a press conference after chairing the 50th GST Council meeting in New Delhi yesterday. Ms Sitharaman said, GST rates on uncooked, unfried extruded snack pallets have been brought down from 18 percent to 5 percent. The rates on fish soluble paste have been bright down ...