Naidu requested the central government to grant an additional allocation of Rs 10,000 crore under the Special Assistance to States for Capital Investment (SASCI) scheme for 2025-26
The deeper question, however, is whether India's human capital is prepared for a shift up the value chain
Finance Minister Sitharaman says the Centre will offer tax, legal and administrative support to boost GCCs in India and guide states to develop hubs in tier 2 cities
Reflecting on her visit to the aspirational district of Ri-Bhoi and her engagements in Shillong, she highlighted how Meghalaya's development journey reflects the spirit of PM's vision of Viksit Bharat
Sitharaman said that India was a country going through a decade or more of demographic dividend
The FM also pointed out key development achievements in the state, including the construction of over 540 km of roads and a five-fold increase in optical fibre coverage since 2014
Finance Minister Nirmala Sitharaman calls for globalisation that aligns with local requirements, emphasising humanism and ethical practices at the IICA North East Conclave in Shillong
The finance minister further said that financial inclusion cannot be used as a pretext for "financial exploitation"
FM Nirmala Sitharaman at the BRICS meeting says India is diversifying markets, focusing on infrastructure-led growth and structural reforms to improve competitiveness and productivity
During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahalgam terror attack
Sitharaman said the meeting is taking place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal constraints in several economies
Sitharaman highlighted that this deters long-term investment and delays critical progress in areas like renewable energy and climate-resilient infrastructure
Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the Bank will continue to innovate and empower as India
Talks ongoing with Fortune 500 firms to set up new centres
FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs
Interest rates for the popular PPF and post office savings deposit schemes are also unchanged at 7.1 per cent and 4 per cent, respectively
During her June 30-July 5 visit, the finance minister would attend the fourth International Conference on Financing for Development (FFD4) organised by the United Nations
PSU Bank shares in focus: At 10:37 AM; Nifty PSU Bank index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.3 per cent decline in the Nifty 50.
India signals willingness for a broad trade pact with the US ahead of July 9 tariff deadline. But Finance Minister Nirmala Sitharaman said agriculture and dairy sectors remain non-negotiable red lines
After slipping to 12% in FY25, loans growth has fallen below 10%