Page 151 - Nirmala Sitharaman

FM embarks on week-long US visit to attend G-20, World Bank meetings

Finance Minister Nirmala Sitharaman has embarked on a week-long US trip to attend the annual meet of the World Bank and IMF as well as G20 Finance Ministers and Central Bank Governors (FMCBG) meeting. During the official visit to the US, Sitharaman is expected to meet US Treasury Secretary Janet Yellen. "Union Finance Minister Smt. @nsitharaman will be attending the Annual Meetings of @IMFNews & @WorldBank, G20 FMCBG meetings, India-US Economic and Financial Dialogue, and other associated investment meetings as part of her official visit to the USA beginning from October 11, 2021," a tweet from the Finance Ministry said on Monday. As part of official visit to the US, she will also address investors including large pension funds and private equity players and will invite them to participate in India's growth story. India is expected to record the highest growth rate among large economies of the world. As per the Economic Survey, India may log 11 per cent GDP growth in the current ..

Privatisation is far more difficult than consolidation

For public sector banks, the government is the superboard, with both ownership and regulatory powers under its belt. Is it ready to give up these powers?

28 unicorns created in India this year: Nirmala Sitharaman

The Indian economy has witnessed the creation of 28 unicorns this year on the back of a series of reforms unleashed by the government, Finance Minister Nirmala Sitharaman said

At G20 conference, FM bats for strengthening effectiveness of FATF, IMF

In the run up to assuming the G20 presidency in 2023, India is working towards identifying the "vacuum areas" in international policy coordination: Sitharaman

LIC IPO: Govt may not need to amend any law to permit foreign participation

Foreign participation would be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines

India in last stage of finalising details on global minimum tax: FM

Finance Minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in last stage of finalising details

Sa-Dhan seeks Rs 7,500 cr more for credit guarantee scheme for MFIs

Sa-Dhan has issued a press release basis the letter written to the Finance Minister

Fuel prices linked to global rates; Centre, states have to handle: FM

Petrol and diesel prices on Tuesday surged to all-time high levels as rates were increased again after international oil prices hit the highest mark since 2014

Well-managed companies attract equity investors: Nirmala Sitharaman

Sitharaman said advise given by company secretaries to businesses is going to make a lot of difference as only "well-managed" companies following good governance practices are attracting investors

Amit Shah-led ministerial panel to soon approve Air India sale

Clarification comes amid reports that Tata Sons may have won the bid

Stock market rally shows in some ministers' portfolios: How they fared

The net worth of Home Affairs and Cooperative Minister Amit Shah grew 32 per cent to Rs 37.91 crore

The big bank idea

India needs more efficient financial entities

Data privacy, safeguarding client details important: FM Sitharaman

Sitharaman added that safeguard of client data is the backbone to bringing trust

India's fintech adoption rate at 87% as compared to 64% globally: FM

"I think India is the prime destination for digital activities, digital payments," FM Sitharaman said

New govt SPV likely to get powers to acquire and develop PSU land

The entity will be able to rent, lease and develop assets to monetise them for a fee, an official said

India needs four-five SBI-size banks, says FM Nirmala Sitharaman

The finance minister also noted that some of the economically active regions of the country still lacked banking facilities

Many districts lack bank branches despite high economic activity: FM

Union Finance Minister Nirmala Sitharaman said despite the huge thrust on financial inclusion and high economic activity, there are districts in the country not having any banking presence at all.

India needs 4-5 more SBI sized big banks, says FM Sitharaman

There is an urgent need to scale up banking to meet the growing needs of the industry, she said

'Economy shifting to different plane', India needs big banks: Sitharaman

The National Asset Reconstruction Company, cleared by the cabinet 10 days ago, should not a be called "bad bank", Finance Minister tells banks association.

Confidence growing in stock market, says FM Nirmala Sitharaman

FM said the market has its own understanding of what it deals with the companies