Finance Minister Nirmala Sitharaman has been included in Forbes' list of 100 Most Powerful Women on Friday. To this day, she has a press conference in which Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and Chief Economic Advisor KR Subramaniam are present. At the press conference, Chief Economic Advisor (CEA) K V Subramaniam said that the government has taken several steps to increase the growth of the economy. He said that steps were taken to help NBFCs. Work was done to strengthen the market and foreign direct investment was encouraged. He said that the PSU banks were supported. Also, the tax sector has benefited from tax cuts.
Finance Minister Nirmala Sitharaman said: Will not comment on GDP growth yet The impact of corporate tax cuts will be known after Q3 I will continue to solve the problems of the industry as and when required No discussion yet on increasing GST rate States have the right to collect GST dues Government is committed to repaying GST arrears to states The government will take all necessary steps for growth
At the press conference, V. Subramanyam of CEA said: Board formed to stop bank fraud System for settlement of PSU dues Paid Rs 61,000 crore for PSUs in two months Tax sector benefited from tax cuts 17 proposals worth Rs 7,657 crore approved in two days 76,000 crore credit guarantee for NBFC
In the press conference, Revenue Secretary Ajay Bhushan Pandey said: Tax refunds up 20% so far in FY 2020 Tax refund so far in FY 2020 at Rs 1.57 lakh crore IGST refund Rs 38988 crore in FY 2020 More than 100 crore turnover required from April e-invoice
See Finance Minister's press conference Earlier on December 13, the Finance Minister announced on Twitter that the Bharat Bond ETF has received 1.7 times subscription. He also said that India Bond ETF will be open for subscription till 20 December. On 12 December, the Finance Minister introduced a bill to amend the Insolvency and Bankruptcy Code (IBC) in the Lok Sabha. On December 11, the Union Cabinet approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.
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