Page 10 - Finance Minister

Budget session to commence today; FM to present Economic Survey at noon

The first part of the Budget session will continue till February 13 and the two Houses will again meet on March 10 after recess with the session concluding on April 4

Budget 2025: Will the Finance Minister provide a fillip for demand growth?

Why media and policy circles are abuzz with expectations of big announcements on Saturday

What does Union Budget 2025 have in store for India's trade policy?

Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs

Budget expectations highlights: Budget should focus on boosting consumption, say industry insiders

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Will Budget 2025 kickstart Indian manufacturing, drive GDP growth?

Focus on the manufacturing sector was among the primary suggestions made to the Finance Minister Nirmala Sitharaman during the pre-Budget consultations by a group of economists

Union Budget 2025 expectations updates: Geospatial sector seeks funding for satellite tech

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

FM Sitharaman meets Singapore president to discuss strategic partnership

Finance Minister Nirmala Sitharaman on Thursday called on Singapore President Tharman Shanmugaratnam and discussed Comprehensive Strategic Partnership during the bilateral meeting. "Honoured to meet with His Excellency the President of the Republic of Singapore @Tharman_S. India values its comprehensive strategic partnership with Singapore. This visit by the President will strengthen our bilateral relationship which marks its 60th anniversary," the Finance Minister said in a post on X. India-Singapore relations were elevated to Comprehensive Strategic Partnership during the visit of Prime Minister Narendra Modi to Singapore in September 2024. The president is accompanied by Chee Hong Tat, Second Minister for Finance and Minister for Transport. "The two leaders discussed #ComprehensiveStrategicPartnership between the two countries highlighting sectors such as #fintech, #digital technologies, #semiconductor ecosystem and #skill development. Both sides expressed confidence in expandin

FM Sitharaman criticises Rahul Gandhi over his remarks on RSS, BJP

Finance Minister Nirmala Sitharaman on Wednesday lashed out at Leader of Opposition in Lok Sabha Rahul Gandhi over his remarks that the Opposition is not only fighting BJP and RSS but also the "Indian state itself." She wondered why Gandhi has been carrying the Indian Constitution in his hand. "The LoP, who was sworn in by taking oath on the Constitution, is now saying, We are now fighting the BJP, the RSS and the Indian State itself, she said in a post on X. "So, @INCIndia and @RahulGandhi, what for are you carrying a copy of the constitution in your hand?," she wondered. Addressing party leaders after the inauguration of the Congress' new headquarters at 9A, Kotla Road here earlier in the day, Gandhi said, "Do not think that we are fighting a fair fight. There is no fairness in this. If you believe that we are fighting a political organisation called the BJP, that we are fighting a political organisation called the RSS, you have not understood what is going on. "The BJP and the

FinMin considers asking banks to implement geotagging for all BCs

This is also expected to ensure that services are delivered effectively and efficiently to the intended beneficiaries

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

Need tech-savvy forces to protect digital world: FM Nirmala Sitharaman

Sitharaman said that India was growing in the eyes of all its competitors, many of whom find such growth astonishing

Retirees ask FM for Rs 7,500 minimum monthly pension under EPS-95

A delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on Friday to press for their long-pending demand for a minimum monthly pension of Rs 7,500 along with dearness allowance (DA). Under the EPS-95 or Employees Pension Scheme 1995 run by retirement fund body EPFO, the existing minimum monthly pension is Rs 1,000. According to a statement issued by EPS-95 National Agitation Committee, the finance minister has conveyed to the delegation that their demands would be reviewed and addressed in a sympathetic manner. Commander Ashok Raut, National President of the committee, highlighted the plight of over 78 lakh pensioners from central and state government PSUs, private organizations, and factories across the country. Pensioners have been agitating for over 7-8 years for an increase in the minimum pension from Rs 1,000 to Rs 7,500, along with DA and free medical treatment for both the pensioner and their spouse. "Finance Minister Nirmala Sitharaman has said that the .

Manmohan Singh profoundly influenced our lives and India's growth

Manmohan Singh's visionary leadership not only transformed India's economy but also left an indelible impact on our professional journey and personal lives

FinMin files review petition in Supreme Court's Safari Retreats case ruling

The move follows the Goods and Services Tax (GST) Council's recommendation last month for a retrospective amendment to the Central Goods and Services Tax (CGST) Act

New rule to avoid tax deduction on purchases through IFSC sellers

Under the new regulation, sellers must submit a declaration that includes details about the previous years for which they are claiming tax deductions

Government extends deadline for direct tax Vivad Se Vishwas Scheme

Under the scheme, penalty charges vary based on the date of payment

List of defining reforms under Singh as finance minister, Prime Minister

RTI passed to empower citizens to seek information from public authorities, promoting transparency during his tenure as PM

Manmohan Singh, peerless policymaker who transformed equity markets

Seeds for robust equity markets were sown during his tenure as FM in Narasimha Rao government. Economic growth gathered momentum in Singh's first term as PM

Manmohan Singh's economic reforms left indelible mark: RBI Guv Malhotra

Manmohan Singh's contributions as the architect of India's economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday as he paid tribute to the departed soul. Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985. "I am deeply saddened on the passing away of former Prime Minister, Dr. Manmohan Singh, a visionary economist and former RBI Governor. His contributions as the architect of India's economic reforms have left an indelible mark. @RBI joins the nation in mourning this huge," Malhotra said in a post on X. Singh, the architect of India's economic reforms, died here on Thursday night at the age of 92. When Singh took the reins of the finance ministry in 1991, India's fiscal deficit was close to 8.5 per cent of the GDP, the balance of payments deficit was huge and the current account deficit was close to 3.5 per cent of GDP. To make things worse, foreign reserves were just enough to pay for tw

Japan's cabinet approves record $730 billion budget for next fiscal year

But record tax revenue is likely to help reduce new bond issuance to 28.6 trillion yen, the lowest since 2008