Page 58 - Nirmala Sitharaman

Budget 2024-25 likely to retain FY25 fiscal deficit target of 5.1%

Record RBI dividend may guide likely focus on capex, special package

Budget 2024: Will the govt provide income tax relief to salaried class?

A report by a leading national-daily claim the upcoming Budget for FY25 may emphasise tax reductions for low-income earners rather than increasing welfare expenditures

Union Budget 2024: Nirmala Sitharaman to hold pre-budget meeting on June 20

Finance Minister Nirmala Sitharaman will hold a pre-budget consultation with industry stakeholders on June 20. Here's what to expect

FM Sitharaman to hold pre-budget meeting with industry chambers on Jun 20

Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25 Budget is likely to lay out Modi 3.0 government's economic agenda. The finance minister will have to look at measures to boost growth without hurting inflation as well as look for resources to meet the coalition government's compulsion. The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047. The Indian economy is projected to grow 7.2 per cent in the current fiscal on the back of improving rural demand and moderating inflation, as per RBI estimates. The Modi 3.0 government inherits a strong

FM Nirmala Sitharaman to set new record with 7th consecutive Union Budget

With the interim budget presented on February 1 of this year, Sitharaman equalled Morarji Desai's record of six consecutive budgets

'Ease of living': Back in office, Nirmala Sitharaman lists priorities

Says reforms undertaken since 2014 will continue

Improving conditions

Govt must present a revised fiscal glide path

Analysts welcome PM Modi's faith in Sitharaman as finance minister

Some analysts see spending on infrastructure, which soared under Sitharaman, to remain a big focus of the government

Modi 3.0: Nirmala Sitharaman set to present seventh Budget in a row

A JNU alumnus, Sitharaman led the country in the G20 discussions, bringing to the table for the very first time issues related to cryptocurrency and other much-needed reforms as well

Meet Nirmala Sitharaman, feisty defender of Modi govt to filling big shoes

Nirmala Sitharaman, who joined the likes of Arun Jaitley and Manmohan Singh by serving a full term as Finance Minister and is credited with carrying forward second-generation reforms, created a record by being the first woman to be sworn in as minister for the third consecutive term of the Modi government. Being a fiery spokesperson of the BJP, she was inducted into the Cabinet when Narendra Modi became the Prime Minister of the NDA government in 2014. As a staunch defender of the Modi government's economic policies and executor, she created a record when she was appointed as the first female Raksha Mantri, or Defence Minister, in 2017. Prior to that, she was industry and commerce minister. When her mentor Arun Jaitley took ill, Sitharaman was given the charge of the finance portfolio in the newly re-elected Modi government after the 2019 general elections, when BJP won its highest seats of 303. She became the first full-time woman Finance Minister in Independent India. Earlier, ..

Rahul seeks JPC probe into June 4 crash, calls it biggest stock market scam

Rahul Gandhi questioned why Prime Minister Narendra Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman made remarks concerning the stock market

Retail investors' participation in F&O trading surges, say experts

With growing participation of retail traders in the futures & options (F&O) trading, experts on Sunday said the prospects of quick profits and speculative nature of the instrument has attracted investors to this segment. They suggested investors to approach F&O trading with thorough knowledge and careful risk management. Finance minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran have recently flagged the growing risk of F&O trading for retail investors. In November 2023, Sebi chief Madhabi Puri Buch also cautioned investors against heavy bets on F&O. The caution was likely aimed at encouraging a more informed and prudent approach to trading in these products, helping to safeguard investors' financial well-being while allowing them to take advantage of market opportunities. Despite this, F&O trading continues to grow in popularity, driven by the potential for profit and the rising trading volumes. The segment's popularity is evident from

Will take decisive steps to stabilise banking system: FM Sitharaman

Sitharaman also said that the 'Samudra Manthan' of sorts in the banking sector under PM Narendra Modi's leadership yielded positive results along with expected challenges during the 'churn'

Growth momentum will continue in third term of Modi govt: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday termed 8.2 per cent GDP growth in 2023-24 as 'remarkable' and said the growth momentum will continue in the "third term of the Modi Government". Today's GDP data showcases robust economic growth with a growth rate of 8.2 per cent for FY 2023-24 and 7.8 per cent for the fourth or March quarter of FY 2023-24. "This remarkable GDP growth rate is the highest among the major economies of the world," Sitharaman said in a post on X. She said the manufacturing sector witnessed a significant growth of 9.9 per cent in 2023-24, highlighting the success of the Modi government's efforts for the sector. Many high-frequency indicators indicate that the Indian economy continues to remain resilient and buoyant despite global challenges, she added. "India's growth momentum will continue in the third term of PM Shri @narendramodi-led government," she said. The last phase of Lok Sabha elections will be held on Saturday while the results will be announced

Modi govt revived banking sector, Rs 10 lakh cr bad loans recovered: FM

Finance minister Nirmala Sitharaman on Friday said the Modi government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than Rs 10 lakh crore from bad loans between 2014 and 2023. She said the Enforcement Directorate has investigated around 1,105 bank fraud cases, which resulted in the attachment of Rs 64,920 crore worth of proceeds of crime. As of December 2023, assets amounting to Rs 15,183 crore have been restituted to the Public Sector Banks (PSBs). "Recently, India's banking sector achieved a significant milestone by recording its highest-ever net profit, crossing Rs 3 lakh crore. The banking sector turned around due to PM Shri @narendramodi's strong and decisive leadership. Our government atoned for the UPA's sins in the banking sector through comprehensive and long-term reforms," Sitharaman said in a post on X. She said there has been no leniency in recovering bad loans, especially from large ...

Economy expected to have grown at slower pace in Jan-Mar qtr: Survey

The median forecast from a survey of 54 economists put GDP growth at 6.7% year-on-year for the three months, the fourth quarter of India's 2023-24 fiscal

Incorrect to say Centre not giving funds to Punjab, says FM Sitharaman

It is incorrect to say that the Centre is not giving funds to the Punjab government, Union Finance Minister Nirmala Sitharaman said on Tuesday here, responding to the AAP government's allegation that the Union is shortchanging the state. "The reality is that the Punjab Government is not using money rightfully," she said. Sitharaman was in Ludhiana Tuesday evening to interact with the MSMEs and industrialists. During the interaction, she slammed the AAP government in Punjab and said that it is misleading the people of the state. Her remarks came in response to the Punjab AAP government's claim that the Centre withheld Rs 9,000 crore from the state's share. On another matter, the Finance minister said any changes in the income tax would be incorporated after the formation of the new government. She said she is confident that the industry will invest in Punjab again. She said that according to a study conducted by the MSME promotion council in January 2024, Punjab has witnessed 85

Centre saved over Rs 25,500 cr via fund transfer norms: FM Sitharaman

The NDA government has disclosed off-Budget funded schemes in the Budget documents from FY22

Modi govt reshaped, transformed Budget in last decade: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the Modi government has reshaped the Union budget in the last 10 years from a mere record of expenditures to a strategic blueprint for equitable distribution. The minister asserted that the government would continue to maximise the value of taxpayers' money by putting it to the best possible use. She said the Modi government has prioritised transparency in its budgeting practices and numbers. Countries with transparent budgets are often viewed more favourably by international bodies such as the IMF and World Bank. This can lead to improved global trust. "This starkly contrasts the @INCIndia-led UPA government's repetitive practice of hiding the deficits through off-budget borrowings and issuance of 'Oil Bonds', which somewhat covertly shifted the fiscal burden to future generations. Under UPA, standard fiscal practices were routinely changed to make Budget numbers look favourable," Sitharaman said in a series of posts on X. She sa

PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view

The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24