Page 39 - Finance Minister

Union Budget 2023: Centre bets big on Artificial Intelligence, IoT

Budget 2023: Nirmala Sitharaman added that the National Data Governance Policy will enable anonymised data and the KYC process will be simplified by adopting a risk-based system

Budget 2023: FM Nirmala Sitharaman takes tablet in red pouch to Parliament

Budget 2023: With the tablet carefully kept inside a red cover with a golden-coloured national emblem on, FM Nirmala Sitharaman went to the Parliament after meeting President Droupadi Murmu

FM Sitharaman arrives at North Block ahead of Budget 2023 presentation

In view of the upcoming budget, top business leaders of the country have also put forward their suggestions for Nirmala Sitharaman

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

Here is what CEA Nageswaran said on the morning of the Economic Survey

Nageswaran said that the Economic Survey provides a 'bird's-eye view of happenings in the economy

Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report

The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades

CAIT urges union FM on financial support for small traders in Budget

Traders' body, the Confederation of All India Traders (CAIT) has urged the Union Finance Minister for financial support policies for small traders in the upcoming Budget

Analysts expect FM Sitharaman to trim FY24 fiscal deficit to 6% or lower

Finance Minister Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget, analysts said Tuesday

What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark

What are Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman hiding from the country, Congress leader Jairam Ramesh asked on Tuesday after Union minister Narayan Rane's remarks indicating that India may face an economic slowdown after June. The minister for Micro, Small and Medium Enterprises (MSME) told reporters in Pune in Monday that if India faces an economic recession, it will happen only after June, but the Centre was making all efforts to avoid such a situation. He said developed countries were already facing an economic downturn. "Narayan Rane, Union Cabinet Minister of MSMEs - that have been destroyed since 2014 - forecasts recession in India after 6 months. He said this in Pune to a G20 gathering. What are the PM & FM hiding from the country?" Ramesh asked on Twitter. Rane's comments came after inaugurating the G20's 1st Infrastructure Working Group (IWG). India currently holds the presidency of the G20 grouping. "As I am in the Cabinet, some information

India keen to present views of 'global south' at G-20: FM Sitharaman

Strengthening of multilateral institutions a priority, she says as country outlines its vision as G20 president

Jordan's economy expected to grow by 2.7% in 2023: Finance minister

Jordan's Finance Minister Mohammad al-Ississ said the country's economy is expected to grow by 2.7 per cent in 2023

UK-India trade body writes to envoy on Vi equity conversion delay

Considering that the issue may gather momentum in the upcoming months, Vikram K Doraiswami, the Indian high commissioner in the UK, has sought guidance from the finance ministry

Finance Minister Nirmala Sitharaman discharged from AIIMS, Delhi

Finance Minister Nirmala Sitharaman has been discharged from AIIMS where she was admitted with symptoms of viral fever earlier this week, sources said. Sitharaman was admitted to the All India Institute of Medical Sciences (AIIMS) here on Monday morning with what was described as symptoms of viral fever. She has now been discharged from the hospital, sources said on condition of anonymity.

The country will not default: Pakistan's finance minister Ishaq Dar assures

Pakistan Finance Minister Ishaq Dar has reiterated that Pakistan will not default amid concerns over the country's economic situation, The News International reported

FM Sitharaman admitted to AIIMS, to be kept under observation overnight

She was admitted with symptoms of viral fever and is recovering, say sources

Pent-up demand, infra spend drove growth amid global headwinds: FinMin

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

India can't afford yet more disruptions to supply chains: Ficci President

'What is most unfortunate is that countries are looking to finance their transition to a green economy by taxing others'

Finance Ministry red-flags CSS fund mis-utilisation by Chhattisgarh govt

Says Rs 1,213 cr being spent in violation of rules and Rs 11 cr diverted to time deposits to earn interest income; calls for action against officers responsible

Note in circulation rise 8% annually to Rs 32 trillion: Finance Minister

Finance Minister Nirmala Sitharaman on Monday said note in circulation (NiC) has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates, she said in a reply to the Lok Sabha. The quantum of cash or banknotes in the economy depends on the requirement for meeting the demand for banknotes due to GDP growth, inflation, replacement of soiled banknotes and growth in non-cash modes of payment. She stressed that the mission of the government is to move towards a less cash economy to reduce the generation and circulation of black money and to promote the digital economy. Both the government and RBI have taken measures to promote a less cash economy and encourage digital payment, she said. With regard to 'Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions', she said the RBI has advised banks to ensure that ...

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