Sep 22, 2024, at 03:42 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman chaired a review meeting on Friday (Sept. 20) to assess the Ministry of Housing and Urban Affairs' capital expenditure for the current fiscal year, where she urged officials to fully utilize the budgeted capital expenditure of Rs 28,628 crore and meet the fiscal year’s capex targets.
New MSME credit assessment model for PSBs likely to be launched in March 2025: Report
Sep 02, 2024, at 05:15 pm
New Delhi/IBNS: The new micro, small and medium enterprise (MSME) credit assessment model, based on digital footprints for public sector banks (PSBS), is expected to be unveiled by the end of March next year (2025), Business Standard reported, citing sources in the know.
FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs
Aug 31, 2024, at 07:58 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday (August 30) approved the upgradation of four Central Public Sector Enterprises (CPSEs) to a Navratna status.
FM Nirmala Sitharaman asks PSBs to make 'concerted' efforts for special deposit drives
Aug 20, 2024, at 05:28 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Monday (August 19) called for a collaborative approach between banks, the government, regulators, and security agencies, amid rising cyber threats.
Aug 10, 2024, at 10:42 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday (Aug 10) urged banks to focus on ‘core banking’ and to bring in innovative products to mobilise deposits during a meeting with members of the Reserve Bank of India’s (RBI) Central Board of Directors, reports said.
Nirmala Sitharaman set to make history with 7th consecutive Budget next month
Jun 15, 2024, at 01:26 am
New Delhi: Finance Minister Nirmala Sitharaman is poised to make history next month when she presents the Union Budget 2024-25 in Parliament.
Nirmala Sitharaman to match Morarji Desai's record when she presents sixth straight budget on Feb 1
Jan 27, 2024, at 06:01 am
New Delhi: Finance Minister Nirmala Sitharaman is all set to match the record of former Prime Minister Morarji Desai when she presents her sixth straight budget on February 1.
21,791 fake GST registrations, tax evasion of over Rs 24,000 cr uncovered: Sitharaman
Dec 06, 2023, at 02:28 am
New Delhi: GST officers have identified 21,791 fraudulent GST registrations and uncovered potential tax evasion exceeding Rs 24,000 crore during a two-month-long special drive, Finance Minister Nirmala Sitharaman on Tuesday said.
'Global community must find ways to debt restructuring of low-income nations': Nirmala Sitharaman
Aug 11, 2023, at 05:39 pm
Mumbai/UNI: Noting that the high debt level of poor countries poses risks to their sustainable development, Union Finance Minister Nirmala Sitharaman said on Friday that the international community must collaborate and find stronger ways to coordinate debt restructuring for low-income and vulnerable middle-income countries facing debt distress.
FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank
Apr 09, 2023, at 02:01 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.
Union Budget: Atmanirbhar Clean Plant Program to be launched with an outlay of Rs. 2,200 crore
Feb 01, 2023, at 08:51 pm
New Delhi: An Atmanirbhar Clean Plant Program will be launched with an outlay of Rs. 2,200 crore to boost availability of disease-free, quality planting material for high value horticultural crops, the Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said while presenting the Union Budget 2022-23 in Parliament on Wednesday.
Millions in Sri Lanka seek financial aid: Sri Lanka Finance Minister
Oct 28, 2022, at 08:29 pm
Colombo/UNI: Sri Lankan Finance Minister Ranjith Siyambalapitiya said that nearly four million families, which make up 58 percent of the country’s households, are seeking financial assistance from the government under various social welfare schemes to survive amid the ongoing economic crisis.
Disinvestment empowered PSUs: Nirmala Sitharaman
Jun 11, 2022, at 06:53 pm
Kochi/UNI: Disinvestment of Public Sector Undertakings (PSUs) during the past decade had empowered them and energised the capital markets, Union Finance Minister Nirmala Sitharaman said on Friday.
Inflation, volatility in energy markets dampening growth momentum, says FM Sitharaman in G20 meeting
Apr 21, 2022, at 04:24 pm
New Delhi/Washington/UNI: Participating in the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington on Thursday, Finance Minister Nirmala Sitharaman said that the global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty.
Finance Minister Nirmala Sitharaman, US Treasury Secretary Yellen discuss global minimum tax
Jun 30, 2021, at 02:24 pm
Washington/UNI: Union Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet L Yellen spoke on the phone and discussed global minimum tax.
Feb 01, 2021, at 07:38 pm
New Delhi/IBNS: Amid the pandemic and riding on the call for a self-reliant (Atmanirbhar) India, Union Finance Minister Nirmala Sitharaman presented a budget with substantial focus on healthcare and vaccine, while exempting pensioners above 75 years from filing Income Tax, keeping the personal IT unchanged and announcing infrastructural funds for poll-bound states Tamil Nadu, West Bengal, Kerala and Assam.
India gives push to privatisation in detailing fourth tranche of Rs. 20 lakh crore economic package
May 16, 2020, at 06:48 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman's fourth press conference on Rs. 20 lakh crore economic package, dubbed as a package to build "Aatmanirbhar Bharat" or "Self-reliant India", was largely concentrated with the Narendra Modi government's push to privatisation in multiple sectors through reforms.
LIVE: FM Nirmala Sitharaman holds 4th press conference over economic package
May 16, 2020, at 04:20 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman is holding her fourth press conference to give details of the Rs. 20 lakh crore mega stimulus economic package which was announced by Prime Minister Narendra Modi earlier this week.
RBI measures will give 'much-desired relief', says Finance Minister Nirmala Sitharaman
Mar 27, 2020, at 04:33 pm
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Friday welcomed the RBI announcement of massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the Covid-19 pandemic and maintained that three month moratorium on payments of term loan instalments and interest on working capital will give much-desired relief.
ICC delegation meets Union Fin Minister Nirmala SitharamanÂ
Feb 09, 2020, at 05:01 pm
Kolkata/UNI: The Indian Chamber of Commerce (ICC) delegation led by president Mayank Jalan had a post-budget discussion with Union Finance Minister Nirmala Sitharaman in the city on Sunday.
Govt will not set up a separate fund for Aspirational Districts: Sitharaman
Feb 07, 2020, at 04:52 pm
Mumbai/IBNS: Clarifying government's stand on funding the Aspirational Districts, Finance Minister Nirmala Sitharaman on Friday said the government will not create a separate fund like SC/ST fund for the Aspirational Districts but facilitate reaching of the existing schemes to these districts.
Insolvency and Bankruptcy Code improved resolution processes in India: Economic Survey
Feb 01, 2020, at 12:17 am
New Delhi/IBNS: The Economic Survey 2019-20 highlighted that the Insolvency and Bankruptcy Code (IBC) has improved resolution processes in India compared to the earlier measures.
Subdued manufacturing activities lowered IIP, says Economic Survey 2019-20
Jan 31, 2020, at 11:04 pm
New Delhi/IBNS: The moderation in the Index of Industrial Production (IIP) to 3.8 per cent in 2018-19 compared to 4.4 per cent in 2017-18 has been due to subdued manufacturing activities caused by slower credit flow to Medium and Small industries, reduced lending by NBFCs owing to liquidity crunch, tapering of domestic demand for key sectors such as automotive sector, pharmaceuticals, and machinery and equipment, volatility in international crude oil prices, prevailing trade-related uncertainties, noted the Economic Survey 2019-20.
Jan 31, 2020, at 09:57 pm
New Delhi/IBNS: The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from “pro-crony” policy that may favour specific private interests, especially powerful incumbents, on the other hand.
Hectic trading to be seen on Budget day, exchanges to remain open on Saturday
Jan 28, 2020, at 10:43 am
New Delhi/UNI: Stock markets will be open on Saturday like any other weekday and frenzied buying or selling could be seen as Finance Minister Nirmala Sitharaman reads out Budget announcements.
Finance Ministry updates major steps taken to boost economy in the last few months
Dec 13, 2019, at 06:47 pm
New Delhi/IBNS: The government today highlighted a slew of economic measures taken in the last few months on consumption and investment fronts and added that patterns have already started to emerge resulting from these steps, though Finance Minister Nirmala Sitharaman avoided stating the extent of the impact.
Oct 20, 2019, at 04:52 pm
New Delhi: Union Finance Minister Nirmala Sitharaman has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives.
Demonetisation, GST encourage digitisation: FM Nirmala Sitharaman
Oct 05, 2019, at 06:21 pm
Dharwad, Oct 5 (UNI): Union Finance Minister Nirmala Sitharaman on Saturday said demonetisation and GST encouraged digitisation which will alternately drive the country towards open and transparent economic system.
Indian corporate sector cheers Nirmala Sitharaman's tax slash move
Sep 20, 2019, at 04:06 pm
Mumbai/Goa: The industry captains and market experts cheered Union Finance Minister Nirmala Sitharaman's move to slash corporate tax, calling it a step in the right direction and game-changer for the sagging Indian economy.
FM Nirmala Sitharaman cuts down corporate tax, MAT to empower manufacturing sector
Sep 20, 2019, at 12:46 pm
Goa: Union Finance Minister Nirmala Sitharaman on Friday announced corporate tax rate cuts to 22 per cent for domestic companies and 15 per cent for newly-formed domestic manufacturing companies among other fiscal measures to boost the investments in the country.