Page 2 - Latest Updates on Nirmala Sitharaman
FM Sitharaman asks toy makers to aim for a quarter of global market by 2032
Finance Minister Nirmala Sitharaman urged the Indian toy industry to target a quarter of the global toy market, citing government support and quality measures to boost manufacturing and exports
 "FM Sitharaman asks toy makers to aim for a quarter of global market by 2032")
Middle class growth engine of India, 500 cities to be economic hubs: FM
Quoting an OECD study, Sitharaman said India will surpass China in absolute terms in its middle-class population size between 2030 and 2035 on the back of several measures taken by the government
 "Middle class growth engine of India, 500 cities to be economic hubs: FM")
Sitharaman invites French firms to partner in India's Viksit Bharat journey
There are approximately 1,000 French companies operating in India
 "Sitharaman invites French firms to partner in India's Viksit Bharat journey")
Sitharaman begins four-day France visit to deepen economic, strategic ties
The finance minister will co-chair the India-France Economic and Financial Dialogue, meet business leaders and participate in a global economic forum during her four-day visit
States should use borrowings for asset creation, not handouts: FM
Sitharaman underscored that taking loans to create public infrastructure yields a positive economic impact and generates employment for the next 50 to 60 years
 "States should use borrowings for asset creation, not handouts: FM")
Amid fiscal worries, govt puts PSU share sales on fast track to raise funds
As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"
 "Amid fiscal worries, govt puts PSU share sales on fast track to raise funds")
Centre orders corrective measures after Jitu Munda incident in Odisha
The response from the Centre came in the wake of a letter written by Patnaik to Union Finance Minister Nirmala Sitharaman on May 2 seeking exemplary action against officials of the bank
 "Centre orders corrective measures after Jitu Munda incident in Odisha")
Northeast has potential to become India's next growth engine: Sitharaman
The Finance Minister said the region's strengths in sustainable agriculture and premium organic produce could drive a new phase of economic growth
 "Northeast has potential to become India's next growth engine: Sitharaman")
Turning the tide: India must address fundamental gaps in external account
Easing West Asia tensions may stabilise India's external accounts, but policymakers must focus on boosting FDI, exports and long-term capital inflows
 "Turning the tide: India must address fundamental gaps in external account")
More measures on anvil to attract global flows, says FM Sitharaman
Sitharaman says govt working to make investments more attractive
Centre taking more steps to attract foreign capital, says FM Sitharaman
FM said measures taken by the government to exempt withholding tax on interest and capital gains tax made by foreign investors in G-secs will be the first step towards drawing foreign capital back
 "Centre taking more steps to attract foreign capital, says FM Sitharaman")
Time for lenders to rethink MSME credit beyond collateral-based models
Financial institutions must pivot towards cashflow tracking and unified digital networks to unlock funding for small businesses
 "Time for lenders to rethink MSME credit beyond collateral-based models")
FM says Rahul Gandhi undermines India's gains, rejects looming crisis claim
At a BJP event, the finance minister said Rahul Gandhi was using Lok Sabha speeches to decry India's progress even during crises such as Covid-19 and West Asia
 "FM says Rahul Gandhi undermines India's gains, rejects looming crisis claim")
Fertiliser subsidy bill likely to double to ₹3.4 trillion in FY27
Rising global fertiliser prices and support extended to oil retailers are squeezing fiscal space, though the government says its capital expenditure plans remain unchanged
 "Fertiliser subsidy bill likely to double to ₹3.4 trillion in FY27")
FM Sitharaman to review flagship schemes, RRBs in West Bengal: Report
Last month, BJP came to power with a landslide victory in West Bengal replacing Trinamool Congress, which had ruled the state for 15 years
Over 580 mn Jan Dhan accounts bring crores of Indian into banking system: FM
The Jan Dhan scheme has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages, the Finance Minister's office said
India needs fiscal space, not just subsidies, to weather crises
If India had created more fiscal space in the three good years following the end of the Covid crisis in 2022-23, it would have more options to deal with the current one
 "India needs fiscal space, not just subsidies, to weather crises")
Tax rebates: FY26 provisional expenditure, revenue show need for a rethink
The provisional expenditure and revenue numbers for 2025-26 underline the need for reviewing tax rebates
 "Tax rebates: FY26 provisional expenditure, revenue show need for a rethink")
FM Sitharaman forgot fourth F - falling private investment: Congress
Congress targets Centre over economy, says Sitharaman ignored "fourth F" of falling private investment
FM Nirmala Sitharaman flags 3 Fs: Fuel, fertiliser, foreign exchange
Says West Asia crisis bringing several uncertainties for businesses, common people