This comes as MCA is placing first batch of interns as it races for full roll out
"There is a lot of work to do prior to my saying yes. The work has already commenced. We are discussing with the RBI and banks," the finance minister said
The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks
Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity
Finance Minister Nirmala Sitharaman said India's next set of customs reforms is in progress after GST, adding that the country is on track to meet its fiscal goals and become a top-three economy soon
Finance Minister Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned
Finance Minister Nirmala Sitharaman said India has grown from the 10th to the 5th-largest economy since 2014 and is on track to become the third-largest in the world soon
According to a press statement, the visit, scheduled from October 30 to November 2, 2025, underscores India's enduring partnership with Bhutan, built on mutual trust, respect, and shared goals
Under the proposed scheme, the types of incentives are being planned - Turnover Linked Incentive (TLI), Localisation Linked Incentive (LLI) and Employment Linked Incentives (ELI) are being planned
The minister also nudged Goods and Services Tax (GST) officers to make use of technology to reduce the compliance burden on taxpayer seeking GST registration
She said this marginal deviation was due to cases where input taxes remained higher than output rates, leading to small adjustments before products reach consumers
Sitharaman explained that while a few products witnessed a smaller-than-expected pass-through, overall, the rate cuts have effectively translated into lower prices for consumers
She advised the bank to increase its share in ground-level agriculture credit disbursement, with special focus on emerging areas of the economy
Finance Minister reviews Karnataka Grameena Bank's performance in Ballari, calling for greater focus on rural lending, MSME support, and FPO financing for inclusive growth
The facility has been set up in collaboration with the National Bank for Agriculture and Rural Development (NABARD), official said
Sitharaman added that the government aims to promote rural entrepreneurship to generate jobs in villages
Hospitality body seeks regularisation of past GST dues, restoration of input tax credit for hotels, and flexibility in F&B taxation linked to room pricing
Finance Minister is expected to visit the farmers' training and common facility centres for agro-processing to inaugurate them in four districts, including Vijayanagara, Bellary, Koppal, and Raichur
Tata Trusts dispute focuses on trustee seats on Tata Sons board, group's business direction, and handling minority shareholder Shapoorji Pallonji's planned exit
It is necessary to see the challenge posed by the prevailing situation as an opportunity and respond effectively to make the economy competitive