Page 2 - Latest Updates on Nirmala Sitharaman
Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman
In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth
 "Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman")
PM internship scheme seeks to bridge skills gap, says FM Sitharaman
Sitharaman said the scheme gives young people hands-on workplace experience and industry exposure to address the gap between formal training and employers' expectations
Startup tech deployment should move beyond major cities: FM Sitharaman
The finance minister said government support should go beyond funding, with technologies having relevant public applications deployed quickly in districts and public facilities
 "Startup tech deployment should move beyond major cities: FM Sitharaman")
Brics face constraints in mobilising private capital at scale: Sitharaman
The finance minister said public funds should catalyse private investment, while stable policy frameworks and multilateral institutions must help reduce investment risks
 "Brics face constraints in mobilising private capital at scale: Sitharaman")
Communists in India are total cowards, cannot face facts: FM Sitharaman
FM said "Communists in this country are total cowards; the member (John Brittas) has proven that. They can't face facts, but they will go on filibustering, making noise"
1991 reforms were born of compulsion, not choice: FM Nirmala Sitharaman
Adds economy became top of agenda only circa 2000
Tariff on most items to be in single digits in FY28 Budget: FM Sitharaman
The government aims to bring customs duty on most items to single-digit rates by the FY28 Budget while continuing tariff rationalisation and asset-focused borrowing
Reit, Invit investors to regain dividend tax break; SPV surcharge will rise
The government proposes restoring tax-free REIT and InvIT dividends while raising the surcharge on SPVs to keep the changes revenue-neutral
 "Reit, Invit investors to regain dividend tax break; SPV surcharge will rise")
IMF estimates Indian economy will hit $5 trillion in FY29: FM Sitharaman
India is on track to become a $5-trillion economy by FY29, with the government betting on manufacturing, infrastructure, MSMEs and reforms to sustain growth
 "IMF estimates Indian economy will hit $5 trillion in FY29: FM Sitharaman")
Sitharaman tables Tax amendment Bill to ease rules for funds, data centres
Finance ministry says Bill aims to provide stable and predictable tax treatment, simplify compliance, and make India more attractive for global investment and manufacturing
Monsoon Session: Taxation, Bankers' Books Bills on Lok Sabha's agenda today
The Lok Sabha will take up the Bankers' Books Evidence Bill, 2026 for consideration and passage, a day after it was introduced in the House
 "Monsoon Session: Taxation, Bankers' Books Bills on Lok Sabha's agenda today")
Govt introduces Bankers' Books Evidence Act to replace British era law
The bill proposes to expand the scope of the definition of 'bankers' books' to include all forms of records maintained by banks, whether in physical, electronic, digital, virtual, cloud-based
 "Govt introduces Bankers' Books Evidence Act to replace British era law")
Parliament to take up four bills today as Monsoon Session enters third week
Monday's agenda also includes a statement by Union Finance Minister Nirmala Sitharaman presenting the Demands for Excess Grants for 2022-23
 "Parliament to take up four bills today as Monsoon Session enters third week")
Govt to introduce Bankers' Books Evidence Bill in Lok Sabha on Monday
The proposed law will replace the 1891 Act, expand the definition of bankers' books and provide a technology-neutral legal framework for financial records.
 "Govt to introduce Bankers' Books Evidence Bill in Lok Sabha on Monday")
No plan to adjust Budget numbers yet, says FM Nirmala Sitharaman
FM Nirmala Sitharaman says the government has adequate fiscal buffers to tackle risks from the West Asia conflict and sees no need to revise Budget estimates
 "No plan to adjust Budget numbers yet, says FM Nirmala Sitharaman")
Don't make citizens run from pillar to post: Sitharaman to I-T officials
She also went public with her disappointment at the "laidback" nature of government departments, which leads to illegal occupation or encroachments on government lands
 "Don't make citizens run from pillar to post: Sitharaman to I-T officials")
FM Sitharaman nudges I-T authorities to speed up appeal disposals
Finance Minister Nirmala Sitharaman said the tax department must strengthen litigation management and prevent disputes as over 5.4 lakh first appeals remain pending
Sitharaman defends govt on Neet row, says Congress 'exploiting issue'
FM Nirmala Sitharaman said the government's response ensured arrests, a timely re-examination and prompt declaration of results, allowing students to move ahead with admissions.
 "Sitharaman defends govt on Neet row, says Congress 'exploiting issue'")
Value of rupee market-determined with no specific level or band: Sitharaman
Finance Minister Nirmala Sitharaman says the rupee is market-determined with no target band, while RBI intervenes only to curb excessive volatility
FCNR(B) inflows trail expectations as rupee comes under fresh pressure
The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures
 "FCNR(B) inflows trail expectations as rupee comes under fresh pressure")