Page 42 - Nirmala Sitharaman

Proficient in ancient texts, economist Debroy had so much more to do: FM

Known for his knowledge of ancient texts and Sanskrit, economist Bibek Debroy profusely participated in policy making, said Finance Minister Nirmala Sitharaman in her condolence message on Friday. Debroy (69), who was the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), died on Friday morning. "As Chairman of PM Economic Advisory Council, he profusely participated in policy making. His interests, inter alia, wereancient texts, Vedic and classical Sanskrit, Devi, Railways. He was prolific in translating Sanskrit to English- our epics and puranas. His book Sarama and Her Children showed his uncanny knack in extracting nuggets from our ancient texts. Bibek, you had so much more to do and to complete for all our sake!," Sitharaman said in a post on X. Reserve Bank Governor Shaktikanta Das too described Debroy as a great scholar, author and economist with "amazing" knowledge of ancient Indian scriptures. Sanjeev Sanyal, member EAC-PM, said he "lost a friend, ...

FM Sitharaman urges G7, G20 members to boost support for African nations

Finance Minister Sitharaman participated in the G7 African Ministerial Roundtable on Saturday (local time), the Ministry of Finance stated

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Need fair sovereign ratings for capital access: Sitharaman at IMF meeting

Finance Minister Nirmala Sitharaman urged greater engagement with credit rating agencies to improve rating methodologies

Soft landing of global economy increasingly a possibility: Sitharaman

A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet. The largest sense which prevailed in the two-day discussions, both of the (International Monetary) Fund and also of the World Bank, is that there will be a soft landing. The efforts by the Fund, the central banks and all institutions, governments have kept the inflation down for some meaningful period. Therefore soft landing is increasingly a possibility, Sitharaman told a Washington DC-based global think-tank. Then that reasonable growth numbers will come from even the advanced economies. certainly not in the negative area. And then the

Jobs most pressing global issue amid tech changes, says FM Sitharaman

Sitharaman called for the need to explore alternative growth strategies and the types of jobs they will generate, in addition to the traditional manufacturing-led development pathway

More jobs, investment: Space industry welcomes Rs 1K crore VC fund

Industry welcomes move to expand the space economy to $44 billion by 2033

India wants to enhance its influence over other countries: FM Sitharaman

While participating in discussion on 'Bretton Woods Institutions at 80: Priorities for Next Decade', FM stated that no country, whether US which is far or China which is very close cannot ignore India

Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

IMF should introspect, ensure they don't have mission drift: Sitharaman

'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'

India to retain investment curbs from border nations: FM Sitharaman

In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations

Focus on Infra, investment to make India developed by 2047: FM Sitharaman

Infrastructure, investment, innovation and inclusiveness are the four key focus areas for the Narendra Modi government to make India a developed nation by 2047, Union Finance Minister Nirmala Sitharaman said on Tuesday. She made the remarks during an interaction with the students of the Wharton School of the University of Pennsylvania. The minister arrived here on Tuesday afternoon to attend the annual meetings of the International Monetary Fund and the World Bank. She drove from New York to Washington DC with a stopover at the University of Pennsylvania. "In the year when we will be celebrating 100 years of Independence from British rule, that is 2047, we want to be and we aspire to be a developed country," Sitharaman told the students. To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said. "The first is infrastructure, whether it is physical such as bridges and ports or digital which i

India's main challenge is skills gap for young: FM Nirmala Sitharaman

Sitharaman will head to Washington, DC, for the Annual Meetings of IMF and the World Bank, as well as the G20 Finance Ministers and Central Bank Governors meetings and other high-level discussions

India well positioned to capitalise on growth opportunities: FM Sitharaman

The global economic environment may present challenges but India is well positioned to capitalise on new growth opportunities, Finance Minister Nirmala Sitharaman has said, underlining that as nations re-evaluate their supply chains, India hopes to become a key partner for many countries seeking to diversify their sources of goods and services. Sitharaman made these remarks on Monday while delivering a special lecture on India's Economic Resilience and Prospects Amidst A Challenging and Uncertain Global Environment' at Columbia University here. She said that India is looking towards boosting domestic capacities, and building resilience against external shocks. While the past decades saw global growth led by broad multilateral trade, the coming years, I think, will likely be defined by strategic economic partnerships and India is very well poised to take advantage of this transition. She said that the global economic environment may present challenges, but India is well positioned t

FM Sitharaman highlights India's process, governance reforms for investors

Various pension funds and other institutional investors and fund managers across the US attended the Roundtable at the New York Stock Exchange

GST rate rationalisation recommendations may yield Rs 22,000 cr surplus

At present, the average GST rate is around 12.2 per cent, which is below the revenue-neutral rate of 15.3 per cent, spurring the need for discussions on rate rationalisation

125,000 openings listed by companies under PM Internship Scheme: Report

Companies have listed 1.25 lakh internship opportunities so far for candidates under the PM Internship Scheme, according to sources. The dedicated portal for the scheme went live for registration by candidates at 5 pm on October 12. The sources in the know on Saturday said that so far 250 top companies have been registered under the scheme and 1.25 lakh internship offers have been made by companies. The scheme's pilot project had envisaged providing 1.25 lakh internship opportunities to the candidates. The internships are set to commence on December 2. Those in the age group of 21-24 years are eligible to apply for the scheme, which is being implemented by the corporate affairs ministry through the portal 'www.pminternship.mca.gov.in'. Under the scheme, an intern will get a monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000. The initial cost of the scheme's pilot project is estimated at Rs 800 crore. Announced by Finance Minister Nirmala Sith

FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit

During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda

The finance minister will also take part in G20 Finance Ministers and Central Bank Governors meetings, in addition to bilateral meetings with various countries and organisations