Page 157 - Nirmala Sitharaman

Govt seeks Parliament nod for net additional Rs 23,675 crore spending

Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod for net additional spending of Rs 23,675 crore in the first batch of supplementary demands for the current fiscal year. As per the first batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.87 lakh crore. Of this, the proposals involving net cash outgo aggregate to Rs 23,674.81 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts aggregates to over Rs 1.63 lakh crore.

Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin

Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims

Strong fundamentals, market size will attract foreign investments: FM

India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha

Wide-ranging reforms make India attractive destination for investment: FM

India's continuous wide-ranging reforms make the country an attractive destination for foreign investments, Finance Minister Nirmala Sitharaman said on Friday while addressing executives of top US companies. She also mentioned about stimulus packages announced recently; as well as strong, calibrated relief and reforms during COVID leading to sharp decline in new infections with ramping up of the vaccination programme. Addressing a round-table organised by the US India Business Council (USBIC) -- attended by representatives from prominent foreign firms like General Electric, Baxter Healthcare USA, Brambles, Marsh & McLennan, PepsiCo, amongst others, the Finance Minister said India and the US have set an ambitious target of achieving USD 500 billion in two-way trade. Continued macro-economic stability and resilience in economic recovery in the recent months, focus on infrastructure-led economic growth, and multi-sectoral opportunities for investors are some of key highlights shared .

Real winners of the reshuffle

New responsibilities for the finance minister and the home minister indicate the government's focus on privatisation and cooperatives

Bhutan first country to adopt UPI; FM hails platform's role during lockdown

Sitharaman says platform facilitated 22 billion transactions worth Rs 41 trillion in 2020-21

India sets up bad bank to reduce debt burden, free up lenders

National Asset Reconstruction Company Ltd's paid-up capital is Rs 74.6 crore

Glitches continue to mar I-T portal functioning even after review: Report

A month after its launch and two weeks after the finance minister reviewed its functioning, technical glitches continue to mar the functioning of the new income tax portal

FM urges G20 nations for aligning recovery strategies with climate concerns

Sitharaman shared recent policy responses of Government of India to strengthen the health system and economy, including the efficient application of CoWIN Platform

Integrating technology with inclusive delivery holds key to recovery: FM

Sitharaman said that India has made this platform freely available to all countries given the country's firm belief that humanitarian needs outweigh commercial benefits.

Finance minister offers CoWin platform to other nations for free

Finance Minister Nirmala Sitharaman on Saturday offered to share CoWIN platform with other nations for free, saying that humanitarian needs outweigh commercial benefits. Participating on the second day of the ongoing G20 Finance Ministers and Central Bank Governors Meeting, Sitharaman shared India's successful experience in integrating technology with inclusive service delivery during the pandemic, the Finance Ministry said in a series of tweets. "FM Smt. @nsitharaman shared how #CoWIN application has efficiently supported scale and scope of our vaccination & #India has made this platform freely available to all countries given our firm belief that humanitarian needs outweigh commercial benefits," a tweet said. During the meeting, discussions of finance ministers were focused on policies for economic recovery, sustainable finance and International Taxation. "In policies for recovery session, FM discussed 3 catalysts of economic recovery- #Digitalization #ClimateAction & ...

Sitharaman emphasises the role of technology in fighting climate change

Sitharaman on Friday emphasised on the role of technology in fighting climate change and called for international cooperation to increase supply of alternative sources of energy and technologies.

India takes fiscal steps for better environmental results: FM at G20 meet

The third meeting of G20 Finance Ministers and Central Bank Governors is scheduled on July 9 and 10

KTR writes to Sitharaman, seeks Centre's support for MSMEs in Telangana

Telangana IT and Industries Minister KT Rama Rao wrote to Union Finance Minister Nirmala Sitharaman, seeking support for the Micro, Small and Medium Enterprises in the state amid the pandemic

Cabinet reshuffle: Full list of Modi govt ministers, and their portfolios

Among key changes in the reshuffle, Mansukh Mandaviya has become Union health minister, and Jyotiraditya Scindia civil aviation minister. Here's how the full list of ministers in the Modi Cabinet

FM Nirmala Sitharaman shares India's response to Covid-19 with G-20 panel

Sitharaman on Monday highlighted the slew of measures undertaken to support the economy during the pandemic

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

Enhanced GST mop-up of recent months should now be 'new normal': FM

Sitharaman said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal"

GST Council special session will be held on compensation-related issues: FM

She also said that the flow of Covid-19 vaccination across the country will be well managed and all states will be taken care of

Loose connection

The latest power distribution scheme reflects old structural flaws