Page 117 - Nirmala Sitharaman

Live news updates: India reports 9,520 new coronavirus cases, 41 fatalities

Live news updates: The death toll due to the disease has climbed to 5,27,597

US Treasury official concludes India visit with discussions on Ukraine

: A US treasury official has concluded his visit to India that included meetings among others with Union Finance Minister Nirmala Sitharaman, with discussions on issues like energy prices and Ukraine. On August 26, Deputy Treasury Secretary Wally Adeyemo met with government officials in New Delhi, including Sitharaman, Principal Secretary to the Prime Minister PK Mishra, Ministry of Finance Secretary Ajay Seth, Ministry of External Affairs Secretary Vijay Kwatra, and Ministry of Petroleum and Natural Gas Secretary Pankaj Jain. During the meeting, Adeyemo discussed ways that the United States and India could work together to address shared global challenges like food insecurity and high energy prices. He raised that ending Russia's invasion of Ukraine was critical to addressing these issues, the Treasury said in a readout of the meetings. Adeyemo also shared with counterparts the United States' views on ways to put downward pressure on energy prices for consumers and businesses in .

Freebies row: Poll promises should be met via budgetary provisions, says FM

Meanwhile, the apex court has asked a three-judge Bench to review a past order on the issue, which said that such handouts are not a corrupt practice

Don't burden utilities, pay for freebies from budget: Sitharaman to parties

Union Finance Minister Nirmala Sitharaman on Friday said political parties that come to power on pre-poll promises of freebies should pay for those through budgetary provisions. Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos. "If a promise has been made to the people at the time of the election, you are looking at a quid pro quo. You should be, as a responsible party, assume after you come to power, make a provision in the budget for it," Sitharaman said, speaking at the FE Best Bank Awards event here. She said in the case of the power sector, there have been cases where states have paid the utilities in parts or not paid at all. "You end up shifting the burden to the discom which has not gone to the election. The discom has not asked for votes. Why should they be burdened? Do they have the power to stop continuing the supply? And similarly the gencos,"

FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy

Finance Minister Nirmala Sitharaman on Friday met US Deputy Treasury Secretary Wally Adeyemo and exchanged views on global economic and financial sector issues. "FM Smt. @nsitharaman and Mr @wallyadeyemo discussed India's G20 Presidency in 2023, as well as areas of cooperation for continued and enhanced India-USA partnership," the finance ministry said in a tweet. India will hold the Presidency of the G20 from December 1 to November 30, 2023. India will host the G20 summit next year. G20 is the premier forum for international economic cooperation that plays an important role in global economic governance.

Govt executing each scheme covering all eligible persons: FM Sitharaman

The Finance Minister commended Nagaland for performing well in schemes like Atal Pension Yojana, MUDRA and Standup India

What's a freebie? Experts dissect basic definition amid SC hearings

'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'

Banks must ensure credit schemes reach eligible citizens: FM Sitharaman

'Difficult situation' caused by unintended people getting benefits of credit programmes now over, she says

Organic crops in great demand but storage a challenge, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman said that organic vegetables and fruits produced in Nagaland are in great demand but aggregating, storing and finding markets is a challenge

Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end

This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September

FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event

Union Finance Minister Nirmala Sitharaman is scheduled to arrive here on Monday on a three-day visit to Nagaland to participate in various programmes, including the state government's first conclave on corporate social responsibility and investment, an official said. She will inaugurate the CSR and investment event at Nagaland Baptist Church Council Convention Centre at 4 pm in the presence of Chief Minister Neiphiu Rio. Sitharaman will also participate in the investors and bankers' meet with a specific focus on Nagaland and is likely to announce various CSR projects of corporate houses and industries during the conclave, the official said. More than 100 corporate delegates and investors from various parts of the country have confirmed participation in the three-day event and are expected to extend CSR funding up to Rs 160 crore, official sources said. Sitharaman will visit Mon on Tuesday morning to inaugurate the first branch of Axis Bank in the remote district. The union ministe

India's CBDC roll-out likely this fiscal with wholesale businesses

India's own sovereign-backed CBDC was first announced by Union Finance Minister Nirmala Sitharaman in the 2022 Union Budget

India supplies nearly 60% of vaccines used worldwide: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said nearly 60 per cent of all the vaccines used in the world are produced in India and over the decades, the country has made remarkable contribution to vaccinating the world. India today is double dosing every citizen and produced COVID-19 vaccines even during the lockdown period, she added. Launching the book 'India's Vaccine Growth Story' by Sajjan Singh Yadav, Additional Secretary, Expenditure Department, Sitharaman said it is in the country's DNA to be able to contribute to world vaccination. "Over the decades India has made remarkable contribution. Nearly 60 per cent of all the vaccines which are used in the world are produced in India. India has singular contribution to make to the world in terms of vaccination and that which is being produced and supplied to the entire world," Sitharaman said. Today, the country is double dosing every citizen, she said, adding it is not easy to produce and execute COVID vaccination at that .

WazirX controversy bares crypto's vault of trade secrets in India

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Jal Jeevan Mission makes significant strides in 3 years since inception

Around 52% of rural households have been provided piped water supply till August

Vande Bharat Express's 3rd rake to be field tested for 15,000 km: Vaishnaw

According to him, all tests such as static, dynamic, oscillation and others will be carried out and added that ICF will be rolling out more such trains.

Health and education have never been called freebies: FM Sitharaman

Delhi Chief Minister has given a perverse twist to the debate on freebies, says FM

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.

Fair share

Dependence on cess and surcharge must come down

Centre asks IBA to ready EASE-like plan for regional rural banks

The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs