Tag: Nirmala Sitharaman

Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

NEW DELHI: Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On […]

Money in NPS belongs to people, can’t go back to state governments as per law: Nirmala Sitharaman

SHIMLA: India’s Finance Minister Nirmala Sitharaman on Thursday said the money in the National Pension Scheme (NPS) belongs to individual contributors and as per law, state governments cannot get it back. Responding to queries on restoration of the old pension scheme (OPS), Sitharaman clarified at a press conference that Rajasthan and Chhattisgarh governments that are […]

India’s Finance Minister hints at possibility of Modi government considering restoration of state status to Jammu and Kashmir

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre (Narendra Modi government of Central government) considering restoring state status to Jammu and Kashmir. She dropped the hint while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance […]

Coal to be back again as gas becoming unaffordable: India’s Finance Minister

NEW DELHI: Given the global energy crisis, India’s Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world […]

Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US

WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]

India’s Finance Minister to leave for US on Tuesday to attend IMF, World Bank meetings

NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman will be traveling to the USA on an official visit beginning October 11, 2022. During her visit, Sitharaman will be attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank, the G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings. The […]

Many countries interested in bilateral rupee trade: India

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Hero Mindmine Summit, she said this along with other steps taken by the government is towards full capital account convertibility. “It isn’t the ruble-rupee which was […]

Highlights of Union Budget 2022-23

NEW DELHI: The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs,  Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s economic growth estimated at 9.2% […]

GST Council meet on December 31, to discuss rate rationalisation

NEW DELHI: The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on December 31 and discuss, among other things, report of the panel of state ministers on rate rationalisation. This will be a physical meeting, which will also discuss correction in duty inversion in certain goods. The 46th GST Council meeting will be […]

Nirmala Sitharaman to lead a team of Secretaries for discussions at GIFT City

NEW DELHI: Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman will lead a team of seven Secretaries from the Ministry of Finance and Ministry of Corporate Affairs to discuss matters of development and growth of India’s maiden International Financial Services Centre (IFSC) at GIFT City, Gandhinagar on 20th November, 2021. The Ministers of State […]

India announces Rs 6 lakh crore asset monetisation pipeline

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. She also said the asset monetisation does not involve selling of land and it is about monetising brownfield […]

India invites Australian investors to tap opportunities in infrastructure sector

NEW DELHI: Insdia’s Finance Minister Nirmala Sitharaman on Thursday invited Australian investors to tap opportunities in India’s infrastructure sector which needs funding to the tune of Rs 111 lakh crore over five years. Australia is an important partner of India as a strong liberal democracy with shared diaspora and bilateral trade and investment. The bilateral […]

Economic revival:India raises ECLGS scheme limit to Rs 4.5 trillion

NEW DELHI: To help revival of the economy battered by COVID-19,India’s  Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore (Rs 1.1 trillion) credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the […]

Nirmala Sitharaman hands over possession to homebuyers through virtual meet

NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman today handed over possession to homebuyers virtually as the Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received […]

Budget 2021-22 reactions from Real estate and infrastructure sectors

NEW DELHI: The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 […]

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