Page 37 - Latest Updates on Nirmala Sitharaman
Jan Dhan Yojana turns 10: PM Modi hails financial inclusion success
Jan Dhan Yojana has been paramount in boosting financial inclusion and giving dignity to crores of people', said Prime Minister Narendra Modi
 "Jan Dhan Yojana turns 10: PM Modi hails financial inclusion success")
Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman
The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active
 "Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman")
No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman
'Fresh scheme not compulsory for states'
 "No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman")
GST Council meet to discuss rate rationalisation on Sep 9, says FM
She also said that compensation cess on luxury and sin goods are also going to be discussed and can come up in the September 9 meeting or later
India, Singapore commit to boost cooperation in emerging, futuristic areas
The leaders also discussed plans for commemorating the 60th Anniversary of diplomatic relations between India and Singapore, alongside regional and global cooperation
 "India, Singapore commit to boost cooperation in emerging, futuristic areas")
Indian ISMR delegation calls on Singapore Prez, PM, discuss bilateral ties
They also met Prime Minister Wong
 "Indian ISMR delegation calls on Singapore Prez, PM, discuss bilateral ties")
FM Sitharaman, Goyal to attend India-Singapore ministerial meet on Monday
ISMR is a mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural meeting was held in New Delhi in September 2022
 "FM Sitharaman, Goyal to attend India-Singapore ministerial meet on Monday")
TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums
O'Brien, in a letter, demanded that the GST on health and life insurance premiums be withdrawn at the 54th meeting of the GST Council
 "TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums")
Four union ministers to attend India-Singapore ministerial meet on Aug 26
The commerce and industry ministry on Sunday said the India-Singapore Ministerial Roundtable (ISMR) is scheduled to take place in Singapore on August 26
 "Four union ministers to attend India-Singapore ministerial meet on Aug 26")
FM tells officers to effectively implement GST, keep positive attitude
Sitharaman said, "GST offices are being made convenient since 2019... This will help taxpayers to easily get their problems resolved."
FM Nirmala Sitharaman seeks RBI help to clear RRB dues with states
The finance minister also directed RRBs to become more customer-friendly and use their local connections to further improve performance
MCA likely to bring out internship scheme guidelines within two weeks
The MCA has held industry consultations on the scheme before finalising the guidelines. The ministry will also put in place checks and balances in the scheme to ensure transparency
 "MCA likely to bring out internship scheme guidelines within two weeks")
FM Sitharaman urges regional rural banks to reduce high attrition rates
RRBs were established regionally and are oriented towards rural areas, with capital contributed by the Government of India, state governments, and sponsored banks under the RRB Act, 1976
 "FM Sitharaman urges regional rural banks to reduce high attrition rates")
Use simpler language in tax notices, don't instil fear: FM tells officials
Advising the income tax officers not to take "disproportionate" action and use enforcement measures only, as the last resort, Sitharaman said tax officers should use "power judiciously"
 "Use simpler language in tax notices, don't instil fear: FM tells officials")
Focus on deposits, strengthen cybersecurity: FM Sitharaman to banks
The FM also met top officials of regional rural banks in a separate meeting, where banks were asked to expedite one state-one RRB initiative
FM asks RRBs to devise suitable products aligning with MSME clusters
Sitharaman also asked sponsor banks and RRBs to recognise the challenges ahead and continue focusing on maintaining asset quality, expanding digital services
 "FM asks RRBs to devise suitable products aligning with MSME clusters")
FM Sitharaman meets heads of PSBs, exhorts banks to improve deposit growth
Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks
FM to discuss bad loans taken over by NARCL with PSBs, RRBs on Monday
Sitharaman had last chaired a meeting with heads of PSBs in December 2023
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
"Our priority should be a people-centric growth path that empowers the most vulnerable and marginalised to participate in the development journey," she said
India must focus on skilled workforce to become developed by 2047: Gopinath
India has grown well in terms of its overall growth rate, and at 7 per cent, it is the fastest growing major economy in the world, she said
 "India must focus on skilled workforce to become developed by 2047: Gopinath")