Sitharaman underscored that taking loans to create public infrastructure yields a positive economic impact and generates employment for the next 50 to 60 years
As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"
The response from the Centre came in the wake of a letter written by Patnaik to Union Finance Minister Nirmala Sitharaman on May 2 seeking exemplary action against officials of the bank
The Finance Minister said the region's strengths in sustainable agriculture and premium organic produce could drive a new phase of economic growth
Easing West Asia tensions may stabilise India's external accounts, but policymakers must focus on boosting FDI, exports and long-term capital inflows
Sitharaman says govt working to make investments more attractive
FM said measures taken by the government to exempt withholding tax on interest and capital gains tax made by foreign investors in G-secs will be the first step towards drawing foreign capital back
Financial institutions must pivot towards cashflow tracking and unified digital networks to unlock funding for small businesses
At a BJP event, the finance minister said Rahul Gandhi was using Lok Sabha speeches to decry India's progress even during crises such as Covid-19 and West Asia
Rising global fertiliser prices and support extended to oil retailers are squeezing fiscal space, though the government says its capital expenditure plans remain unchanged
Last month, BJP came to power with a landslide victory in West Bengal replacing Trinamool Congress, which had ruled the state for 15 years
The Jan Dhan scheme has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages, the Finance Minister's office said
If India had created more fiscal space in the three good years following the end of the Covid crisis in 2022-23, it would have more options to deal with the current one
The provisional expenditure and revenue numbers for 2025-26 underline the need for reviewing tax rebates
Congress targets Centre over economy, says Sitharaman ignored "fourth F" of falling private investment
Says West Asia crisis bringing several uncertainties for businesses, common people
FM Nirmala Sitharaman urged SIDBI and banks to adopt customised, cash-flow-based lending instead of standardised credit products for MSMEs
Nirmala Sitharaman says GIFT City showcases India's scale, talent and technology as banking assets cross $110 billion at the IFSC hub
The finance minister and US Ambassador Sergio Gor discussed fintech collaboration, investment opportunities and bilateral economic ties amid ongoing trade negotiations
Responsible Opposition does not engage in fear-mongering, says FM Sitharaman