Page 132 - Nirmala Sitharaman

PM Narendra Modi to chair webinars on infrastructure, divestment

The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry

GST Council may consider raising lowest slab to 8%, rationalise tax slabs

The GST Council in next meet may look at raising the lowest tax slab to 8%, from 5%, and prune the exemption list in the GST regime

COSMOS to democratise learning & ignite inquisitiveness: Sitharaman

Union Finance Minister Nirmala Sitharaman on Sunday laid the foundation stone of a state-of-the-art planetarium in Mysore University's Chamundi Hill Campus.

Russian invasion of Ukraine and Budget 2022

While Russia's invasion of Ukraine doesn't quite throw Budget 2022 out the window yet, it does mean the fiscal maths will need a significant re-look.

E-Bill system will end 'rent seeking' in govt contracts: FM Sitharaman

Nirmala Sitharaman said the new Electronic Bill (e-Bill) processing system will stop any possible 'rent seeking' in the clearance of dues to contractors or suppliers of government departments.

Govt may review timing of LIC IPO amid Ukraine crisis: FM Sitharaman

'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM

Ease of doing business: Sitharaman to launch e-Bill processing system

The Finance Minister had announced this major e-governance initiative in the Union Budget 2022-23 presented in Parliament on February 1

Russia-Ukraine crisis: FM Sitharaman worried over impact on exporters

The finance minister also raised concerns over the impact on the farm sector as it also forms a considerable share of exports to Russia and Ukraine

India worried about Russia-Ukraine conflict impact on exim trade: FM

Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of war between Russia and Ukraine on India's exim trade.

Focus of Union Budget was on providing stability post Covid pandemic: FM

Sitharaman said the 2022 Budget was a continuity of the previous budget last year which was more exhaustive in laying out the formulation, principle and then provide stability for revival from Covid

India worried about Ukraine conflict's impact on farm sector, says FM

India is more worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, Finance Minister Nirmala Sitharaman said on Monday.

India worried about its exports due to Ukraine crisis: FM Sitharaman

She said areas of concern include pharmaceutical exports and imports of fertiliser from the region.

IPR plays important role in strengthening growth, focus on development: FM

The Finance Minister mentioned that 28,000 patents were granted last year as opposed to 4,000 in 2013-2014 and last year also witnessed registration of 2.5 lakh trademarks and over 16,000 copyrights

Threat to global peace a challenge for economic revival: FM Sitharaman

The FM said that focus is on expanding physical as well as digital infrastructure so that jobs and opportunities can be created for India's youth

Strong Centre-State relations essential for development: FM Sitharaman

Sitharaman mentioned managing the growing urbanisation to create stronger communities as one of the areas in which the Centre and states' coordination will be essential

India's development challenged as world peace threatened: FM on Ukraine war

'Disturbances' to severely hamper economic recovery in India, world; recovery needs to be sustainable, sans disruptions, for humanity's welfare, says FM Sitharaman

FM meets tourism, hospitality representatives on banking-related issues

Union Finance Minister Nirmala Sitharama met with representatives from travel, tourism, and hospitality sectors to discuss various banking-related issues.

FM Nirmala Sitharaman holds meeting with hospitality, tourism sectors

Finance Minister Nirmala Sitharaman on Friday held a meeting with representatives from travel, tourism and hospitality sectors to discuss various credit related issues with them. The meeting was also attended by senior finance ministry officials and heads of various public sector banks (PSBs). "Along with the FM, the meeting was also attended by MoS Finance Shri @DrBhagwatKarad; Finance Secretary; Secretaries for Financial Services, Economic Affairs & Revenue; chiefs of PSBs & IBA, besides senior officials from @FinMinIndia," the finance ministry said in a tweet. It is to be noted that Budget 2022-23 had proposed to open an additional Rs 50,000 crore window under the Emergency Credit Line Guarantee Scheme (ECLGS) to support hospitality and related services sector. "Hospitality and related services, especially those by micro and small enterprises, are yet to regain their pre-pandemic level of business. Considering these aspects, the ECLGS will be extended up to March 2023 and ..

Financial institutions need to be more people-centric for next 25 years: FM

For the next 25 years, we (financial institutions) have to be a lot more people-centric and try to see what they want, said Finance Minister Nirmala Sitharaman

FM Sitharaman to meet PM to discuss Russia-Ukraine conflict situation

When asked whether there will be a meeting with the Prime Minster on the Russia-Ukraine issue, Sitharaman said 'definitely'