Page 23 - Latest Updates on Nirmala Sitharaman
Capex not cut, states got Rs 1.46 trn special assistance in FY25: FM
Sitharaman said that state governments have requested for continuing the scheme and enhancing the outlay for the scheme from time to time. In FY25, a total of Rs 1,53,673 crore was earmarked for this
 "Capex not cut, states got Rs 1.46 trn special assistance in FY25: FM")
Capital expenditure not cut, rises to Rs 11.21 trn for FY26: Sitharaman
Loans to states under the scheme for interest-free 50-year special assistance for capital expenditure has gone up proportionately
 "Capital expenditure not cut, rises to Rs 11.21 trn for FY26: Sitharaman")
India's forex reserves strong, can cover 11 months of imports: Sitharaman
Nirmala Sitharaman's remarks came after several opposition members raised concerns about the country's financial position, particularly regarding fluctuations in forex reserves
 "India's forex reserves strong, can cover 11 months of imports: Sitharaman")
Sitharaman to visit London from Apr 8-10; FTA talks may figure in meetings
The minister would be attending a host of meetings, including India-United Kingdom Economic and Financial Dialogue, in London
FM Sitharaman to launch NITI-NCAER portal on state finances on April 1
The NITI NCAER States Economic Forum portal aims to enhance data accessibility and provide valuable insights into India's economic landscape at the state level
 "FM Sitharaman to launch NITI-NCAER portal on state finances on April 1")
Panel on non-financial regulatory reforms to begin work soon: Finance secy
Finance Minister Nirmala Sitharaman in her Budget speech last month had announced creation of a high-level committee for regulatory reforms for a review of all non-financial sector regulations
 "Panel on non-financial regulatory reforms to begin work soon: Finance secy")
FM Sitharaman meets US Chamber of Commerce President Suzanne Clark
The ministry further said that during the meeting, Sitharaman mentioned that India values the growing business engagements between India and US businesses
 "FM Sitharaman meets US Chamber of Commerce President Suzanne Clark")
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
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")