Page 2 - Latest Updates on Nirmala Sitharaman
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
 "FM Sitharaman nudges I-T authorities to speed up appeal disposals")
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")
India asks state-owned banks to step up foreign currency deposits
The Centre has asked state-run banks to intensify efforts to mobilise NRI deposits as policymakers seek to strengthen foreign exchange reserves
 "India asks state-owned banks to step up foreign currency deposits")
FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace
Lenders report encouraging response from Singapore, HK, Gulf, UK, US; ECB inflows seen picking up in Q3 FY27
FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive
The finance minister will review the progress of the FCNR(B) deposit mobilisation campaign and discuss overseas borrowing plans as the RBI's temporary incentives remain in place until September 30
 "FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive")
FM Nirmala Sitharaman to meet heads of public sector banks on Monday
The move came at a time when FCNR(B) deposit inflows weakened sharply, with net inflows dropping to just $946 million in FY26 from $7.1 billion in FY25
FM Sitharaman, CEA urge GCCs to move up the value chain as AI threat looms
Nirmala Sitharaman urged GCCs to move up the value chain, while the CEA warned AI could erode India's cost advantage if firms fail to innovate
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
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")