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FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman expresses frustration with slow FDI inflow

Finance Minister Nirmala Sitharaman expresses frustration with slow FDI inflow

Sat, Oct 26, 2024

Union Finance Minister Nirmala Sitharaman on Friday expressed frustration with the slow crawl of foreign investments to India despite its textbook appeal as a dynamic and robust economy. "What is holding the investors back?" Sitharaman said responding to a question at a think-tank event about what's holding India back.

FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

FM Nirmala Sitharaman meets Mexican minister, discusses ways to deepen economic ties

Sat, Oct 19, 2024

During the meeting in Mexico City, Sitharaman congratulated Ramirez de la O for being appointed as Secretary of Finance and Public Credit for a second consecutive term, and also commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies.

Indian regulators have done world-class job; made system more transparent: FM Nirmala Sitharaman

Indian regulators have done world-class job; made system more transparent: FM Nirmala Sitharaman

Wed, Oct 09, 2024

Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well.

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Union Budget 2024: Nirmala Sitharaman, team giving finishing touches as Interim Budget enters last lap

Union Budget 2024: Nirmala Sitharaman, team giving finishing touches as Interim Budget enters last lap

Fri, Jan 26, 2024

The top members of Finance Minister Nirmala Sitharaman's team spearheading the budget-making exercise in the ministry include Sanjay Malhotra, the Revenue Secretary, Ajay Seth, Secretary of the Department of Economic Affairs, Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management, Vivek Joshi, Secretary of the Department of Financial Services and V Anantha Nageswaran, the Chief Economic Advisor.

Government, RBI actively engaged on digital currency: Finance Minister

Government, RBI actively engaged on digital currency: Finance Minister

Thu, Jan 25, 2024

RBI began the pilot project wholesale CBDC and picked up nine banks -- State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and HSBC.

FM Nirmala Sitharaman may significantly enhance allocation for farm sector schemes

FM Nirmala Sitharaman may significantly enhance allocation for farm sector schemes

Wed, Jan 24, 2024

The government is likely to announce a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal and ensure every eligible farmer has access to institutional credit.

Finance Minister Nirmala Sitharaman unveils GIFT city's financial landscape

Finance Minister Nirmala Sitharaman unveils GIFT city's financial landscape

Thu, Jan 11, 2024

On the second day of the Vibrant Gujarat Global Summit, Finance Minister Nirmala Sitharaman provided a comprehensive overview of the current financial ecosystem within the Gujarat International Finance Tec-City (GIFT City).

Women's reservation bill to come into force after 2024 census: FM Sitharaman

Women's reservation bill to come into force after 2024 census: FM Sitharaman

Sat, Dec 16, 2023

Lauding the courage and heroics of Rani Abbakka, the 16th century queen of Ullal who fought against the Portugese, Sitharaman said the Union government has taken steps to document the contributions of many unknown fighters who fought against imperial forces.

Budget Explained: What is direct tax?

Budget Explained: What is direct tax?

Fri, Dec 15, 2023

Budget 2024: The country's FM, Nirmala Sitharaman, will present Budget 2024 in the Parliament on Thursday, February 1, 2024. This will be her sixth straight Budget speech. Let us understand what direct tax is and what it includes:

Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Finance Minister Nirmala Sitharaman Critiques Pre-2014 Schemes in Parliament

Fri, Dec 08, 2023

Union Finance Minister Nirmala Sitharaman sharply criticized the previous governments' schemes while addressing the Rajya Sabha on the current economic situation in India. She drew a clear distinction between the "Naam ke vaaste" (mere namesake) schemes of the past and the effective, impactful initiatives implemented by the current NDA government under Prime Minister Narendra Modi.

Levying border adjustment tax to meet green commitments morally wrong: FM Nirmala Sitharaman

Levying border adjustment tax to meet green commitments morally wrong: FM Nirmala Sitharaman

Thu, Dec 07, 2023

The minister said every country will need to generate resources to meet the green commitments made globally.

Public sector banks get Rs 15,183 crore following ED action under PMLA: FM Sitharaman

Public sector banks get Rs 15,183 crore following ED action under PMLA: FM Sitharaman

Tue, Dec 05, 2023

Sitharaman informed the House that as of March 31, 2023, legal suits were filed for recovery against 13,978 loan accounts, action under the SARFAESI Act has been initiated in 11,483 cases, FIRs have been filed in 5,674 cases, and an aggregate amount of Rs 33,801 crore has been recovered.

Finance Minister Sitharaman stresses on building awareness among people to curb cyber fraud

Finance Minister Sitharaman stresses on building awareness among people to curb cyber fraud

Thu, Nov 23, 2023

Speaking at the 'DATE with Tech' event, the minister said to stop cyber frauds, where people are duped by way of a phone call or SMS, the government periodically reviews public sector banks, and regulator RBI reviews its own systems. Insurance companies also review their systems.

Nirmala Sitharaman to inaugurate Digital Acceleration and Transformation Expo on November 23

Nirmala Sitharaman to inaugurate Digital Acceleration and Transformation Expo on November 23

Wed, Nov 22, 2023

The two-day event will also see Minister of State for Electronics and IT Rajeev Chandrasekhar speak about the growing impact of emerging technologies and India's digital aspirations, as the chief guest and speaker.

Union Finance Minister Nirmala Sitharaman to embark on three-day visit to Sri Lanka today

Union Finance Minister Nirmala Sitharaman to embark on three-day visit to Sri Lanka today

Wed, Nov 01, 2023

FM Nirmala Sitharaman Sri Lanka visit today: Union Finance Minister Nirmala Sitharaman will on Wednesday embark on a three-day visit to Sri Lanka, the Ministry of Finance said in a press release.

Finance Minister Nirmala Sitharaman Expresses Concerns About Global Multilateral Institutions

Finance Minister Nirmala Sitharaman Expresses Concerns About Global Multilateral Institutions

Fri, Oct 20, 2023

In a scathing critique of global multilateral institutions, Finance Minister Nirmala Sitharaman said that they've become less effective than a participation trophy. She called for a rethink of their role in the world, saying that they are no longer able to meet the challenges of the 21st century. The comments come as the world grapples with a number of crises, including the COVID-19 pandemic, the war in Ukraine, and the climate crisis.

'Middle-East economy improved through maritime,' says Finance Minister Nirmala Sitharaman

'Middle-East economy improved through maritime,' says Finance Minister Nirmala Sitharaman

Thu, Oct 19, 2023

Finance Minister Nirmala Sitharaman's statement at the Global Maritime India Summit, 'Government's focus on blue economy in the last 9 years', 'Middle-East economy improved through maritime'

Sitharaman expresses concern over global economic slowdown, seeks reforms in IMF policy

Sitharaman expresses concern over global economic slowdown, seeks reforms in IMF policy

Sat, Oct 14, 2023

Sitharaman emphasised that coordinated response of the global community will foster multilateralism in the spirit of 'Vasudhaiva Kutumbakam' - One Earth, One Family, One Future.

G20 under India's presidency gave hope that multilateral institutions can deliver: FM Nirmala Sitharaman

G20 under India's presidency gave hope that multilateral institutions can deliver: FM Nirmala Sitharaman

Sat, Oct 14, 2023

The Finance Minister expressed happiness over the fact that under India's presidency, G20 has given the world a glimmer of hope, especially at a time when one thinks that multilateral institutions can't take any decisions and deliver.

GST Council meeting today likely to take up steel scrap issue too

GST Council meeting today likely to take up steel scrap issue too

Sat, Oct 07, 2023

The metal industry has been seeking that 18 per cent GST levied on steel scrap should be shifted to a reverse charge mechanism (RCM) basis where the recipient of the goods or services is liable to pay GST instead of the supplier.

52nd GST Council Meet: Finance Minister Nirmala Sitharaman to chair GST Council meeting today

52nd GST Council Meet: Finance Minister Nirmala Sitharaman to chair GST Council meeting today

Sat, Oct 07, 2023

GST Council Meeting: Union Finance Minister Nirmala Sitharaman with preside over the 52nd Goods and Services Tax (GST) Council meeting at the Sushma Swaraj Bhawan in New Delhi on Saturday.

India poised to become third-largest economy in next few years, says Nirmala Sitharaman

India poised to become third-largest economy in next few years, says Nirmala Sitharaman

Thu, Oct 05, 2023

Sitharaman said India's political stability under the leadership of Prime Minister Narendra Modi will help a great deal in strengthening the country's economy.

GST Council to meet on October 7

GST Council to meet on October 7

Tue, Sep 26, 2023

The council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming.

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