Finance Minister Nirmala Sitharaman

Nirmala Sitharaman said that as coaching and commercial training centres are not treated as educational institutions, the 18% tax rate applies to them.

The GST Council on Wednesday imposed a special 40% duty on so-called ‘sin goods’ such as pan masala, tobacco, aerated drinks and luxury vehicles.

Nirmala Sitharaman said that the government’s proposed task force on next-gen reforms will be an open, simpler, and more enabling framework for small businesses.

FM Sitharaman has indicated that a simplified GST is in the works for lowering the rates. She rejected the “tariff king” label often attributed to India.

Nirmala Sitharaman has appealed to Indian fintech startups to view the country’s agri sector and rural areas as more than just a social responsibility.

Asian Development Bank (ADB) President Masato Kanda has announced investing USD 10 billion, including third-party capital, for India's urban transformation.

Finance Minister Nirmala Sitharaman said India’s GDP growth momentum, as the fastest-growing economy, is continuing for the fourth year in a row.

Nirmala Sitharaman credited the role of fintech innovation in the easing of access to financial services for small businesses during a visit to Pine Labs.

FM Sitharaman shared that India is actively engaging with the new US administration to conclude the first tranche of the bilateral trade agreement by fall.

Nirmala Sitharaman has waived off import duties on EV battery components after the US escalated trade pressure and tariffs on key Indian exports.