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Finance Minister

Government and Policy

Government junks report by IRS officials that suggested tax hike, orders probe against concerned officers for violation of code of conduct

OpIndia Staff -
As per the 43-page report, the Government can earn up to ₹18,000 crores by implementing the suggested proposals.
News Reports

Islamists wish death upon Nirmala Sitharaman after Finance Minister of German state committed suicide over Coronavirus outbreak

OpIndia Staff -
After German minister committed suicide reportedly over coronavirus worries, brainwashed radical Islamists took to Twitter to wish the same fate upon Nirmala Sitharaman.
Government and Policy

Modi govt announces a Rs 1.70 lakh crore welfare scheme for poor during Coronarvirus lockdown: Here are the 12 announcements made

OpIndia Staff -
The package to benefit the poor and medical workers during the Coronavirus lockdown was called 'Prime Minister Gareeb Kalyan Yojana and totalled a whopping 1.70 lakh crores.
Social Media

Shekhar Gupta publishes a clickbait story attacking BJP ministers’ children over foreign degrees, FM Sitaraman’s daughter ‘fact-checks’ him

OpIndia Staff -
Vangmayi Parakala, a journalist working in The Hindu and the daughter of finance minister Nirmala Sitharaman, called out Shekhar Gupta's claims with a note.
News Reports

“This is calumny”: Finance Minister Nirmala Sitharaman responds to The Print report attributing fake quote to her, the portal removes the report

OpIndia Staff -
Nirmala Sitharaman says The Print report on her is fake and defamatory as the quotes attributed to her by the portal are not hers.
Opinions

Two Income Tax regimes with and without deductions, which one is better for you? A ready reckoner

Ashutosh Muglikar -
A comparative analysis between the new tax regime without exemptions and old income tax regime with exemptions and deductions
News Reports

Govt clarifies Income Tax for NRIs, says only those NRIs who are not residents of any country will be taxed in India

OpIndia Staff -
If any NRI is not a resident of any country in the world, he'll be deemed to be a resident of India for Income Tax
News Reports

Budget 2020 fulfils a long-standing demand of startup community, defers tax payment on ESOPs for 5-years

OpIndia Staff -
Finance minister proposes to defer payment of tax on ESOPs by five years in budget 2020
Economy and Finance

Union Budget 2020: Finance Minister announces disinvestment of LIC, to be listed on stock exchanges. Read details

OpIndia Staff -
In Budget 2020 speech, FM announced that the govt has proposed to sell a part of its holdings in LIC
News Reports

Budget 2020: Here is all you need to know about new optional personal tax regime where the govt foregoes Rs. 40,000 crores in revenue

OpIndia Staff -
Finance Minister Nirmala Sitharaman has proposed a new income tax regime for the country
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