Page 16 - Latest Updates on Nirmala Sitharaman
No major lapses found in gold loan portfolios of PSBs after audit: FM
Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote
 "No major lapses found in gold loan portfolios of PSBs after audit: FM")
GoM reviewing GST on farm equipment and inputs: FM Nirmala Sitharaman
Says existing provisions under I-T Act have gaps in addressing digital data
Over 30k taxpayers declare foreign assets, income of Rs 30,300 crore: FM
A 'nudge' campaign was carried out by government in which taxpayers were nudged to voluntarily disclose their Foreign Income and Assets
Lok Sabha passes Finance Bill 2025 with 35 amendments, Rajya Sabha next
The amendments include one that abolishes a 6 per cent digital tax, popularly known as the 'Google Tax,' on online advertisements
New Income Tax Bill set for discussion in monsoon session: Sitharaman
The Select Committee has been mandated to submit its report by the first day of the next session of Parliament
 "New Income Tax Bill set for discussion in monsoon session: Sitharaman")
35 cartel cases under CCI radar in the last five years: FM Sitharaman
The CCI is currently investigating allegations of cartelisation in the advertising industry and has raided several firms in the past week to gather evidence
TN gets major PLI projects in electronics, automobile, says Sitharaman
Sitharaman dismissed charges of the state government that the Centre has neglected Tamil Nadu in terms of funding
 "TN gets major PLI projects in electronics, automobile, says Sitharaman")
Sitharaman, Citi CEO discuss bank's staff growth in India, digitalisation
During their discussion, Jane Fraser highlighted Citi's expansion in India and expressed interest in strengthening the company's presence in the country
 "Sitharaman, Citi CEO discuss bank's staff growth in India, digitalisation")
Need safeguards before raising FDI limit to 100% in insurance: Parl Panel
The Standing Committee on Finance, in its report, said the downside of the FDI in India's insurance sector should be dealt with adequately and scrupulously
 "Need safeguards before raising FDI limit to 100% in insurance: Parl Panel")
Sebi lowers minimum investment in social stock exchange to Rs 1,000
According to the latest directive, the September 2022 circular will now specify that the minimum investment size for ZCZP instruments will be Rs 1,000
 "Sebi lowers minimum investment in social stock exchange to Rs 1,000")
Employees' salaries grew at 11% CAGR in 10 years: FM Nirmala Sitharaman
FM Sitharaman says factors of production being reset after pandemic
 "Employees' salaries grew at 11% CAGR in 10 years: FM Nirmala Sitharaman")
Over Rs 11.8 trn locked in direct tax litigation, FM informs Rajya Sabha
For indirect taxes, 82,011 cases are pending, with a locked revenue of Rs 5.76 trillion as of January 31, 2025
Believe in 'Make in India', it's giving good results: FM to Oppn in RS
FM Nirmala Sitharaman said that production-linked incentive schemes attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs
 "Believe in 'Make in India', it's giving good results: FM to Oppn in RS")
PM Internship scheme: FM Sitharaman launches mobile app for candidates
I appeal to industry that more companies should come forward and participate in the scheme, says FM
 "PM Internship scheme: FM Sitharaman launches mobile app for candidates")
FM Sitharaman launches dedicated mobile app for PM Internship Scheme
The second round of the project started in January this year under which over 118,000 internship opportunities have been posted by around 327 companies
 "FM Sitharaman launches dedicated mobile app for PM Internship Scheme")
Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt
Replying to another question, Sitharaman said it has been decided by the government to constitute the 8th Central Pay Commission (CPC)
FM Nirmala Sitharaman to launch PM Internship Scheme app on Monday
The FM will also launch the first facilitation centre for the Internship Scheme being set up in Kolkata by the Ministry of Corporate Affairs in collaboration with the Confederation of Indian Industry
'Secessionist sentiments': FM Sitharaman slams DMK over ₹ symbol change
Finance Minister Nirmala Sitharaman slammed Tamil Nadu's move to replace the rupee symbol with a Tamil letter in the 2025-26 state Budget logo, calling it a threat to national unity
 "'Secessionist sentiments': FM Sitharaman slams DMK over ₹ symbol change")
Removing high-cost debt has lowered borrowing cost: FM Sitharaman
Sitharaman's comments came in the backdrop of the government's target of bringing down the debt-to-GDP ratio to 50 per cent by 2030, from the current 57 per cent
 "Removing high-cost debt has lowered borrowing cost: FM Sitharaman")
FM Sitharaman tables Manipur Budget with total expenditure of Rs 35K cr
The state, currently under President's rule, has seen an increase of 9 per cent in the total capital outlay to ₹7,773 crore over the current financial year ending March 2025
 "FM Sitharaman tables Manipur Budget with total expenditure of Rs 35K cr")