Page 21 - Latest Updates on Nirmala Sitharaman
Trade agreements with US, EU to be concluded soon: Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.
 "Trade agreements with US, EU to be concluded soon: Sitharaman")
FM flags tax appeals backlog, tells CBDT to fast-track resolution
Sitharaman asks tax department to resolve 5.7 lakh pending appeals, improve grievance redressal and refunds, and adopt a more taxpayer-centric approach
 "FM flags tax appeals backlog, tells CBDT to fast-track resolution")
Centre likely to relax the board regulations for foreign insurers
The official stressed that while the reforms are not intended to open the floodgates to foreign control, they signal a more welcoming approach to global participation in leadership roles
 "Centre likely to relax the board regulations for foreign insurers")
Fifth edition of Time Release Study shows faster import clearance at ports
Finance Minister Nirmala Sitharaman releases CBIC's NTRS report showing average cargo release times improved at ports and airports, though delays rose at inland depots
 "Fifth edition of Time Release Study shows faster import clearance at ports")
GST evasion detection hits all-time high of ₹2.23 trillion in FY25
FM Nirmala Sitharaman urges faster probe closures and easier registrations
 "GST evasion detection hits all-time high of ₹2.23 trillion in FY25")
Make GST registration easier using tech, risk-based parameters: FM to CBIC
During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances
 "Make GST registration easier using tech, risk-based parameters: FM to CBIC")
Nirmala Sitharaman ask fintechs to find solutions to prevent cyberfrauds
Lauding the success of fintechs, the Finance Minister said they have helped in speeding up financial inclusion, and taking the payment system to even the far-flung areas of the country
Sitharaman says India's finance future is 'phygital', driven by UPI
At the Digital Payments Awards, Sitharaman lauds UPI's global success, urges fintech to tackle cybersecurity and deepfakes, and credits RBI's enabling regulation
 "Sitharaman says India's finance future is 'phygital', driven by UPI")
Govt plans to amend refund provision in new Income Tax Bill, 2025
Section 433 of the new IT Bill, 2025, states that a refund must be claimed by filing a return - regardless of whether it is belated
 "Govt plans to amend refund provision in new Income Tax Bill, 2025")
FM to meet GST and income tax officers to resolve field-level issues
The meetings aim to review ground-level implementation of tax policies, resolve bottlenecks in taxpayer services, and improve ease of doing business
11 years of Seva, Sushasan, and Garib Kalyan: From stress to strength
From twin-deficit stress to five balance sheet strength, India's economic turnaround reflects 11 years of focused policy reforms under Prime Minister Modi's leadership
 "11 years of Seva, Sushasan, and Garib Kalyan: From stress to strength")
Ex-AAP MLA's wife files defamation suit against FM Sitharaman in Delhi
Additional Chief Judicial Magistrate Paras Dalal deferred the hearing on the request of Sitharaman's counsel
 "Ex-AAP MLA's wife files defamation suit against FM Sitharaman in Delhi")
Reduce unclaimed assets: FM Sitharaman to financial sector regulators
At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors
FM asks regulators to expedite refund on unclaimed deposits, streamline KYC
Finance Minister exhorted the Council to take proactive steps to ensure that citizens should have a seamless experience with respect to KYC processes across the financial sector
SPMCIL delivers 3.4 metric tonnes of refined gold to RBI in FY25: FM
Sitharaman added that SPMCIL also refines silver and gold received from institutions such as the Tirumala Tirupati Devasthanams and the Vaishno Devi Shrine Board
FM Sitharaman hails SPMCIL, hopes it to get status of Navratna soon
Following its capital restructuring in 2015, the company fully repaid its loan with interest by 2016-17 and continues to deliver strong returns, Sitharaman said
SBI pays Rs 8,076.84 cr dividend to govt, cheque presented to FM Sitharaman
The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI Chairman C S Setty in the presence of Financial Services Secretary M Nagaraju and Finance Secretary Ajay Seth
 "SBI pays Rs 8,076.84 cr dividend to govt, cheque presented to FM Sitharaman")
Finance ministry meets Moody's execs, makes case for ratings upgrade
Moody's said that Pakistan-India tensions, including the flare-up earlier in May, would weigh on Pakistan's growth more than on India's
 "Finance ministry meets Moody's execs, makes case for ratings upgrade")
FM flags drug menace as major national threat, seeks stronger DRI action
Nirmala Sitharaman says drug trafficking is the biggest threat to the nation, urging DRI to target criminal masterminds and coordinate with state police more effectively
Narcotics biggest threat as it makes way into states, towns: Sitharaman
Finance Minister Nirmala Sitharaman has warned that narcotics are reaching every corner of India, calling for sharper intelligence, inter-agency coordination, and swift enforcement
 "Narcotics biggest threat as it makes way into states, towns: Sitharaman")