Page 11 - Latest Updates on Nirmala Sitharaman
FM asks PSBs to step up deposit mobilisation, deepen corporate lending
Sitharaman reviews PSB performance, stresses deposit growth, better service, staffing, green lending, MSME credit, and expanded presence in underserved areas
 "FM asks PSBs to step up deposit mobilisation, deepen corporate lending")
Finance Minister urges PSU banks to boost credit growth, maintain profits
During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said
Govt urges state-run banks to boost lending amid economic growth push
Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman
 "Govt urges state-run banks to boost lending amid economic growth push")
Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman
The minister who was in GIFT City, Gandhinagar for a high-level review of the IFSC's progress, emphasised the need to make it competitive
 "Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman")
IBPS allowed to use Aadhaar to verify candidates in bank exams
The move aims to reduce impersonation, simplify identity checks, and bolster trust in bank recruitment, aligning with recent Aadhaar-based steps by the SSC
 "IBPS allowed to use Aadhaar to verify candidates in bank exams")
FTAs with US, EU soon; exporters to get full govt backing: Sitharaman
Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions
 "FTAs with US, EU soon; exporters to get full govt backing: Sitharaman")
Trade agreements with US, EU to be concluded soon: Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.
FM flags tax appeals backlog, tells CBDT to fast-track resolution
Sitharaman asks tax department to resolve 5.7 lakh pending appeals, improve grievance redressal and refunds, and adopt a more taxpayer-centric approach
 "FM flags tax appeals backlog, tells CBDT to fast-track resolution")
Centre likely to relax the board regulations for foreign insurers
The official stressed that while the reforms are not intended to open the floodgates to foreign control, they signal a more welcoming approach to global participation in leadership roles
 "Centre likely to relax the board regulations for foreign insurers")
Fifth edition of Time Release Study shows faster import clearance at ports
Finance Minister Nirmala Sitharaman releases CBIC's NTRS report showing average cargo release times improved at ports and airports, though delays rose at inland depots
 "Fifth edition of Time Release Study shows faster import clearance at ports")
GST evasion detection hits all-time high of ₹2.23 trillion in FY25
FM Nirmala Sitharaman urges faster probe closures and easier registrations
 "GST evasion detection hits all-time high of ₹2.23 trillion in FY25")
Make GST registration easier using tech, risk-based parameters: FM to CBIC
During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances
Nirmala Sitharaman ask fintechs to find solutions to prevent cyberfrauds
Lauding the success of fintechs, the Finance Minister said they have helped in speeding up financial inclusion, and taking the payment system to even the far-flung areas of the country
Sitharaman says India's finance future is 'phygital', driven by UPI
At the Digital Payments Awards, Sitharaman lauds UPI's global success, urges fintech to tackle cybersecurity and deepfakes, and credits RBI's enabling regulation
Govt plans to amend refund provision in new Income Tax Bill, 2025
Section 433 of the new IT Bill, 2025, states that a refund must be claimed by filing a return - regardless of whether it is belated
 "Govt plans to amend refund provision in new Income Tax Bill, 2025")
FM to meet GST and income tax officers to resolve field-level issues
The meetings aim to review ground-level implementation of tax policies, resolve bottlenecks in taxpayer services, and improve ease of doing business
11 years of Seva, Sushasan, and Garib Kalyan: From stress to strength
From twin-deficit stress to five balance sheet strength, India's economic turnaround reflects 11 years of focused policy reforms under Prime Minister Modi's leadership
 "11 years of Seva, Sushasan, and Garib Kalyan: From stress to strength")
Ex-AAP MLA's wife files defamation suit against FM Sitharaman in Delhi
Additional Chief Judicial Magistrate Paras Dalal deferred the hearing on the request of Sitharaman's counsel
 "Ex-AAP MLA's wife files defamation suit against FM Sitharaman in Delhi")
Reduce unclaimed assets: FM Sitharaman to financial sector regulators
At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors
FM asks regulators to expedite refund on unclaimed deposits, streamline KYC
Finance Minister exhorted the Council to take proactive steps to ensure that citizens should have a seamless experience with respect to KYC processes across the financial sector