Page 81 - Nirmala Sitharaman

Around 22 nations exploring bilateral trade with India in rupee: Sitharaman

"Those countries are running short of dollar," Sitharaman said

We see signs of buoyancy in the economy, says FM Nirmala Sitharaman

Inflation a permanent challenge; won't sit back, says FM Nirmala Sitharaman

Top headlines: Sitharaman says no licence raj, sees buoyancy in economy

Business Standard brings you the top headlines at this hour

We are not going back to licence raj, says FM Nirmala Sitharaman

In an exclusive interview, Sitharaman says focus is on sunrise sectors, job creation

State-owned LIC presents dividend cheque of Rs 1,831 crore to FM Sitharaman

Life Insurance Corporation of India (LIC) on Thursday presented a dividend cheque of Rs 1,831.09 crore to Finance Minister Nirmala Sitharaman. LIC Chairman Siddhartha Mohanty presented the dividend cheque as the government's share of dividend in the presence of Department of Financial Services Additional Secretary MP Tangirala, the insurer said in a statement. The dividend was approved by the shareholders in the annual general meeting held on August 22, it said. LIC has completed 67 years since its incorporation and beginning with an initial capital of Rs 5 crore in 1956, LIC as of March 31, 2023, has an asset base of Rs 45.50 lakh crore with a life fund of Rs 40.81 lakh crore, it noted. Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance market, the statement claimed.

Capex by large CPSEs touches 42.5% of budget target in April-August

NHAI and Railways drive robust growth in capex

From FTA to FinTech: Highlights from India-UK Economic Financial Dialogue

Union Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt discuss collaborations in financial services, infrastructure, and trade

Govt may relook at allowing Indian companies to list overseas: FM

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts

FM Sitharaman discusses capital adequacy framework with World Bank, ADB

Sitharaman and Banga stated that they look forward to Volume 2 of the report that will be submitted during the 4th FMCBG meeting in Morocco in October

FM Sitharaman meets China's Liu Kun; discusses G20-related issues

Finance Minister Nirmala Sitharaman on Sunday met her Chinese counterpart Liu Kun and exchanged views on G20-related matters. The meeting was held on the sidelines of the last day of the G20 Leadership Summit here. It is to be noted that China President Xi Jinping decided to not attend the G 20 Summit. China was represented by its Prime Minister Li Qiang. "Union Finance Minister Smt. @nsitharaman met Mr. Liu Kun, Finance Minister of China, on the sidelines of the #G20 #LeadersSummit in New Delhi. They exchanged views on various issues related #G20," the finance ministry said in a post on X.

India's external debt-service ratio at 5.3% within comfort zone: FM

India's external debt of USD 624.7 billion at March-end 2023 with a debt-service ratio of 5.3 per cent is within the comfort zone and modest from a cross-country perspective, Finance Minister Nirmala Sitharaman has said. In her foreword to 'India's External Debt: A Status Report 2022-23' released earlier this month, Sitharaman said the ratio of external debt to GDP declined to 18.9 per cent at March-end 2022-23 from 20 per cent a year ago. The long-term debt constituted 79.4 per cent of total external debt, while short-term debt, which is 20.6 per cent of the total external borrowing, is basically incurred to finance imports, enhancing the stability aspects of the total external debt, she said. "From a cross-country perspective, India's external debt position is better than most of the Low and Middle-Income Countries (LMICs) as measured by select vulnerability indicators, such as share of short-term debt in total external debt, external debt to GNI (Gross National Income), forex ...

FM Sitharaman exchanges pleasantries with UK PM Sunak at G20 dinner

They both discussed the issues of mutual interest and areas of collaboration to further enhance the friendship between the two nations

Indian G20 presidency has walked the talk on MDBs, inclusion: FM Sitharaman

Expert group report on MDB reforms, IMF-FSB synthesis note on crypto to be taken up in next finance track meeting in Marrakesh

G20 Summit 2023: Major developments that happened on September 8

Here is a recap of the events that happened on September 8 ahead of the G20 Summit

28% GST on deposit refunds issued by online gaming portals, casinos

Once a given amount is deposited with the platform, tax will be imposed on the whole amount, irrespective of the part of the deposit returned to the player at a later point

Tax filing will have to double every nine years to meet FY47 target

Growth rate to achieve target would be over 8% per annum

ITR filings increased threefold in each tax bracket: FM Sitharaman

Taxable workforce will be 85.3% by 2047 against 22.5% now

FM Sitharaman asks financial entities to ensure customers nominate heirs

Union Finance Minister Nirmala Sitharaman on Tuesday asked banks and financial institutions to ensure that their customers nominate heirs, which can help reduce the quantum of unclaimed money. "I want banking system, the financial ecosystem (including) the mutual funds, stock markets... everybody to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that they (customers) nominate their heir, give the name and address," Sitharaman said at the Global Fintech Fest (GFF) here. As per a report, the banking system alone has over Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore. The finance minister also said that it is essential to build a responsible financial ecosystem, and added that one laggard can cause a disruption. Sitharaman also said that tax havens and round tripping of money are a threat to responsible financial ...

Discussions on global framework to regulate crypto underway: FM Sitharaman

Sitharaman added that cryptocurrencies can not be regulated efficiently without the cooperation of all countries

Focus on digital capability upgrade, FM Sitharaman tells rural banks

The Centre has a 50 per cent stake in RRBs while sponsor banks and state governments own 35 per cent and 15 per cent, respectively