'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM
The Finance Minister had announced this major e-governance initiative in the Union Budget 2022-23 presented in Parliament on February 1
The finance minister also raised concerns over the impact on the farm sector as it also forms a considerable share of exports to Russia and Ukraine
Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of war between Russia and Ukraine on India's exim trade.
Sitharaman said the 2022 Budget was a continuity of the previous budget last year which was more exhaustive in laying out the formulation, principle and then provide stability for revival from Covid
India is more worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, Finance Minister Nirmala Sitharaman said on Monday.
She said areas of concern include pharmaceutical exports and imports of fertiliser from the region.
The Finance Minister mentioned that 28,000 patents were granted last year as opposed to 4,000 in 2013-2014 and last year also witnessed registration of 2.5 lakh trademarks and over 16,000 copyrights
The FM said that focus is on expanding physical as well as digital infrastructure so that jobs and opportunities can be created for India's youth
Sitharaman mentioned managing the growing urbanisation to create stronger communities as one of the areas in which the Centre and states' coordination will be essential
'Disturbances' to severely hamper economic recovery in India, world; recovery needs to be sustainable, sans disruptions, for humanity's welfare, says FM Sitharaman
Union Finance Minister Nirmala Sitharama met with representatives from travel, tourism, and hospitality sectors to discuss various banking-related issues.
Sitharaman on Friday held a meeting with representatives from travel, tourism and hospitality sectors to discuss various credit related issues with them.
For the next 25 years, we (financial institutions) have to be a lot more people-centric and try to see what they want, said Finance Minister Nirmala Sitharaman
When asked whether there will be a meeting with the Prime Minster on the Russia-Ukraine issue, Sitharaman said 'definitely'
If the government decides to ban cryptocurrencies, it is going to have to fight an uphill battle as banning them will lead to a profusion of illegal ways in which people access them.
Brent crude prices shot up to $99.1/barrel from $96/barrel on Monday after the Russia-Ukraine crisis deepened, but it fell to $97.86
The Centre had invited applications for the Sebi chairperson's position in October 2021
On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore
Earlier this month, Sebi penalised NSE and its former MDs and CEOs, and others for various violations in a case related to the appointment of Anand Subramanian as Group Operating Officer