Page 20 - Nirmala Sitharaman

ADB commits up to $4.5 billion in annual sovereign loans for India

ADB President Masato Kanda has said the bank is ready to lend India up to $4.5 bn annually, with added private sector funding, to support clean energy, rural development, and Viksit Bharat 2047 goals

India fastest-growing economy for fourth year running: FM Sitharaman

FM highlights 7.4% Q4 GDP growth driven by industry, services and agri; calls for faith in India's abilities and urges reforms to eliminate corruption and ease regulation

Govt outperforms on fiscal deficit, brings it down to 4.77% of GDP in FY25

Capital expenditure for FY 2024-2025 at Rs 10.5 trillion stood at 103.3 per cent of the revised estimate for the year, CGA data showed

Tech integration in Op Sindoor a global case study: FM Nirmala Sitharaman

The finance minister said on Thursday that tech-led coordination during Operation Sindoor marks a turning point in India's defence strategy

Industries with AI to propel India to 3rd-largest economy: FM Sitharaman

Finance Minister Nirmala Sitharaman says tech adoption in sectors like AI and Web3 will help boost productivity and move India towards becoming the third-largest economy

FM meets ADB President; seeks support for integrated rural prosperity

Finance Minister Nirmala Sitharaman on Thursday met Asian Development Bank (ADB) President Masato Kanda and sought enhanced support for integrated rural prosperity initiatives, including job creation. The discussions focused on shaping the partnership in line with Prime Minister Narendra Modi's vision for Viksit Bharat by 2047. The Indian delegation emphasised the 'Budget Plus' and 'Finance Plus' approach for driving systemic change and fostering innovation to align with India's 'reform, perform and transform' approach, while urging for agility in responding to emerging national priorities, the finance ministry said in a post on X. Stressing that the 'Antyodaya' principle which aims at ensuring development reaches the last person in society she asked ADB to support integrated rural prosperity measures. "She urged deeper ADB support for integrated rural prosperity measures, including creation of jobs and local entrepreneurship, and fostering innovation in agriculture, to transform

Govt to operationalise Rs 1-trillion innovation fund in next 3 months

With ₹20,000 crore already allocated, the ANRM innovation fund will support private-sector R&D in critical technologies like EVs, clean energy, and deep tech

FM directs public insurers to adopt AI, expand portfolios for new risks

FM asks state-run insurers to tackle emerging risks like cyber fraud, diversify products, use AI for pricing and claims, improve penetration and transform digitally

Tariff suspense a key risk to Indian economy, says finance ministry

FinMin report flags India Inc's foreign investments

FM Nirmala Sitharaman signals policy aid to fintechs in Pine Labs visit

Sitharaman may visit more fintech companies and global capability centres across major cities

FM Sitharaman visits Pine Labs Noida office, lauds India's fintech sector

During her visit to Pine Labs in Noida, FM Sitharaman praised India's fintech sector for delivering secure and inclusive digital financial services to MSMEs and merchants

GST Council to take up rate rationalisation issue in next meeting

A GoM headed by Minister of State for Finance Pankaj Chaudhary is looking into the future of compensation cess beyond March 2026

Nirmala Sitharaman gets court notice over remarks on AAP leader's marriage

A Delhi court has issued notice to Nirmala Sitharaman over alleged defamatory remarks about AAP leader Somnath Bharti's marriage during election campaign

Expedite M&As that pose no competition threat: FM Sitharaman to CCI

Antitrust regulator must balance 'regulatory vigilance with a pro-growth mindset', says Nirmala Sitharaman

CCI to bring new toolkit for curbing cartels in public procurement

The antitrust watchdog has been concerned over private companies taking advantage of lack of such checks in the systems to form cartels while bidding for public procurement tenders

FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review

Finance Minister to meet PSB chiefs to assess FY25 performance, inclusion scheme rollout, credit and deposit growth, and digital banking progress

Indo-Pak tensions: PSBs fortified ops in sensitive areas along border

Banks such as Punjab & Sind Bank, Canara Bank, Union Bank of India, and Punjab National Bank have asked their circle heads to stay in their zonal offices

FM asks banks to stay alert, says financial system remains robust

Finance Minister asks banks to ensure uninterrupted banking, cyber vigilance and ATM cash flow amid India-Pakistan tensions; insurers told to speed up claim settlements

AI regulation needs global cooperation, not isolated moves: Sitharaman

Speaking in Milan, Finance Minister Nirmala Sitharaman said a single-country approach to AI regulation risks failure as technology transcends national boundaries

Govt brings draft framework of 'India's Climate Finance Taxonomy'

The finance ministry's draft taxonomy aims to guide climate-aligned investments across power, mobility, buildings, MSMEs and hard-to-abate sectors