Currently foreign currency transactions usually get settled with a lag of 36 to 48 hours
Most of the locked-up funds are in the form of deposits, insurance, provident fund, and shares, Finance Minister Nirmala Sitharaman said, calling on officials to ensure they reach the rightful owners
'Very foundation of the global order is shifting beneath our feet,' says Finance Minister
She said public expenditure has increased significantly in the last five years, and the government remains committed to continuing with capex.
FM Nirmala Sitharaman proposed training women as Pension Sakhis to boost NPS enrolments and launched the Multiple Scheme Framework giving subscribers greater flexibility
The campaign will be inaugurated by the Finance and Corporate Affairs Minister on October 4 from Gandhinagar, Gujarat, an official statement said
The death toll rose to 41 today, with two more victims succumbing to injuries, while 67 others continue to receive treatment in various hospitals
The fourth Kautilya Economic Conclave will open Oct 3 with Finance Minister Nirmala Sitharaman inaugurating the three-day event on prosperity in turbulent global times
External Affairs Minister S Jaishankar will close the proceedings with reflections on India's foreign and economic policy on October 5
The launch of the GST Appellate Tribunal marks a key reform in India's tax system, but its success will hinge on capacity, efficiency, and fair handling of disputes
Finance Minister Nirmala Sitharaman says India's resilience is built on strong fundamentals, reforms and governance, urging banks to maintain robust balance sheets and consumer trust
Sitharaman said the economic resilience has continued, particularly in the April-June quarter this year, as well, where India's GDP has grown by 7.8%
The move is part of the ongoing Seva Pakhwada (service fortnight) to celebrate Prime Minister Narendra Modi's 75th birthday
Addressing the gathering, Minister Sitharaman paid tribute to women workers who form the backbone of the matchbox industry
Move seen to ease financing woes of India's nascent shipbuilding industry
Finance Minister Nirmala Sitharaman asked industry to shed hesitation in investing and expand capacities while partnering with the government to skill youth for faster employment
The opposition was putting pressure on the BJP-led central government, seeking compensation of potential revenue loss from GST rationalisation
Finance Minister Nirmala Sitharaman said the government has delivered reforms, urges companies to invest, expand production, and partner in skilling youth for India's growth
Festival season demand to grow by 10% and TV prices come down by 7.8%
Addressing CII GCC Business Summit here, she also said India's capital investment grew to 4.1% (including states) of the GDP in 2024-25 from 1.7% in 2013-14