Page 114 - Nirmala Sitharaman

FM Sitharaman to meet CEOs of PSBs to review progress of schemes for SCs

Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks and financial institutions later this month to review progress of various government schemes aimed at welfare and upliftment of scheduled castes. Schemes like Stand-Up India, Pradhan Mantri Mudra Yojana (PMMY), and Credit Enhancement Guarantee Scheme for Scheduled Castes (SCs) and their progress would be discussed during the meeting, sources said. The meeting would review the performance of public sector banks (PSBs) and financial institutions to provide credit to people belonging to the SC community and other welfare measures under implementation, they said. The meeting, to be chaired by the Finance Minister, would see participation from chairman of National Commission for Scheduled Castes (NCSC), financial services secretary and other senior officials. The Stand-Up India scheme was launched in 2016 to promote entrepreneurship among the scheduled caste/ scheduled tribe and women by facilitating b

Sitharaman participates in roundtable with Singapore, talks bilateral ties

During the meeting, the Ministers emphasised on ways of enhancing cooperation between the two countries in the emerging and futuristic areas.

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

FM Nirmala Sitharaman calls for more women directors on India Inc board

Data from Prime Database shows that there are 2,350 women and 10,356 men holding position of directors at listed firms

Be ready to meet the credit demand: FM Nirmala Sitharaman to banks

The finance minister said Indian banks have to plan for the Amrit Kaal. And for that, they have to become digitally savvy, especially the public sector ones

Banks ensure their systems speak to each other for customer service: FM

Finance minister Nirmala Sitharaman on Friday urged banks to ensure that their systems speak to each other so that they are able to serve customers in a better way. The minister, while delivering the keynote address at the 75th annual meeting of the Indian Banks Association (IBA), said many a time customers are forced to transact with multiple lenders due to which it is important that the systems of one bank talks to that of other. She termed such a mechanism as an artificial wall erected by lenders to protect their turf. The finance minister also underlined the need for ensuring that banking personnel converse in the local language so that their customers are served better. Banks need to ensure that their systems speak to each other so that the common man banking with multiple lenders is not inconvenienced. Also, another key element of serving the customer better and more effectively is conversing in the local language, Sitharaman said. She also said it is essential that banks inv

FM Sitharaman asks women entrepreneurs to take up leadership roles

Finance minister Nirmala Sitharaman on Friday urged women entrepreneurs and corporate leaders to take up leadership roles. Addressing a women directors' conclave at the BSE headquarters here, she said there is not enough number of women leaders in the corporate world because they are saddled by an inherent feeling that they need to prove themselves time and again to be in the leadership role. And the only way out is mentoring and more women to become board members. Urging corporates to have more females on their boards, she said globally it has been proved that companies with more women leaders on their boards are more profitable and more inclusive. Women are not asking for gender parity and inclusivity, the minister said. "You want for profit, get us in. You cannot ignore us anymore," she added. Underlining the existing regulatory framework on women's presence on the boards of listed companies, the minister said now it's up to the companies concerned to walk the talk, the governm

FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City

Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman

Sitharaman chairs 26th meet of Financial Stability and Development Council

The council stressed on the early warning indicators for the economy and the preparedness to deal with them, improving the efficiency of the existing financial and credit information systems

FSDC stresses on the need to monitor India's financial sector risks

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

FM Sitharaman lauds PM Modi's leadership, commitment to the country

Lauding Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman on Thursday said he has stressed on last-mile delivery and implementation of government schemes. There have been many governments before 2014, and they made many promises, but the prime minister has stressed on the delivery of promises to households, Sitharaman said at a function discussing the book 'Modi@20'. 'Modi@20' is a compilation of articles authored by eminent intellectuals and domain experts, and attempts a definitive and expansive exploration into the fundamental transformation of India and Gujarat over the last 20 years due to Modi's unique model of governance. Eminent personalities like Sudha Murthy, Dr Devi Shetty, Sadhguru, Nandan Nilekani and Amish Tripathi have written about their experience in this book. "Dr Shetty has said how the prime minister immediately ramped up the capacity to more than 2,000 virology centres during the difficult time of COVID-19 in his article," Sitharaman ...

Hindi speaking gives me shivers, I speak it with hesitation: FM Sitharaman

Union Minister Nirmala Sitharaman on Thursday said speaking Hindi gives her "shivers" and she speaks the language with hesitation. Speaking at an event organised by the Hindi Vivek Magazine, Sitharaman referred to a previous speaker's announcement that her speech will be in Hindi. "Addressing an audience in Hindi gives me shivers," a candid Sitharaman said, explaining the circumstances that have led to this condition. Sitharaman said she was born and attended college in Tamil Nadu which was in the midst of an agitation against Hindi and also witnessed violent protests against Hindi. Students opting for either Hindi or Sanskrit as the second language, even those who stood in merit lists, did not get scholarships given by the state government because of their choices of languages, the Union Cabinet minister claimed. Sitharaman said while it is difficult for a person to learn a new language after attaining adulthood, she could pick-up her husband's mother tongue Telugu but could not

Centre upbeat on Rs 1.5-trillion GST revenue every month from October

GST collections were to the tune of Rs 1.43 trillion in August; in July it was around 1.49 trillion

16 states/ UTs have on-boarded National Single Window System so far: Report

NSWS is a platform for the guidance of investors to identify and apply requirements according to the need of their business

Central government to begin Budget 2023-24 preparations from October 10

Budget 2023-24 will be the fifth budget of the Modi government. It will be FM Sitharaman's last Budget before the 2024 General Elections

Former Sebi chief Damodaran to head committee to boost PE/VC investments

Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee

'If FM doesn't see red now...': What Chidambaram says on retail inflation

Senior Congress leader P Chidambaram on Tuesday attacked Finance Minister Nirmala Sitharaman over retail inflation rising to 7 per cent, saying if she doesn't see "red" even now, it can be concluded that she does not represent the average family in India. After declining for three months, retail inflation rose to 7 per cent in August due to higher food prices. "Only a few days ago, the Honourable FM said that inflation was not a 'red-lettered priority' for her. India's retail inflation surged to 7 per cent yesterday. Food inflation is 7.62 per cent," Chidambaram said in a tweet. "If the Honourable FM doesn't see 'red' even now, we can only conclude that she does not represent the average family in India," the former finance minister said. The Consumer Price Index (CPI) based inflation, which is factored in by RBI while deciding the monetary policy, has remained above the central bank's comfort level of 6 per cent for eight months in a row. CPI inflation was 6.71 per cent in July an

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

Time for multilateral institutions to be relevant in post-Covid world: FM

Finance Minister Nirmala Sitharaman on Tuesday said it is time for multilateral institutions like World Bank and IMF to make themselves relevant in the post-pandemic world. She also said there is a need for debate over 'freebies'. Speaking at the release of book titled Recalibrate: Changing Paradigm, the minister said, there is a strong case for setting up of Fiscal Council as recommended in the book to further strengthen the fiscal discipline. The book is authored by Finance Commission Chairman N K Singh and Principal Secretary to the Prime Minister P K Mishra.

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.