Page 87 - Nirmala Sitharaman

Modi's US tour impactful for realising of national goals: Sitharaman

Union minister Nirmala Sitharaman on Sunday termed Prime Minister Narendra Modi's US tour impactful and said the bilateral decisions taken during his visit have established steps towards greater realisation of national goals. Addressing a press conference at the BJP headquarters here, she also hailed the prime minister's visit to Egypt and said President Abdel Fattah El-Sisi conferring the 'Order of the Nile', Egypt's highest honour, on Modi was a proud moment for India. With this, the prime minister has received the highest civilian awards from 13 countries, six of them with the highest Muslim population, she added. The prime minister's visit attained quite a high prominence in Egypt, she told reporters. Highlighting the key takeaways from the prime minister's US visit, Sitharaman said both India and the United States have taken each other warmly and established such steps which would help in greater realisation of our national goals. Hailing Modi's address to the joint session o

FM Sitharaman holds bilateral meetings on sidelines of Paris Summit

Finance Minister Nirmala Sitharaman on Friday held a series of bilateral meetings with her counterparts in France, Brazil and UAE on the sidelines of the Paris summit on the new global financing pact. Sitharaman met France's Minister of Economy, Finance and Industrial and Digital Sovereignty Bruno Le Maire and exchanged views on key G20 deliverables under Indian Presidency, including strengthening MDBs (multilateral development banks) and managing debt vulnerabilities, among other issues. Sitharaman expressed hope that the outcomes of the Paris Summit can provide political momentum to ongoing G20 and other multilateral efforts in the UN, World Bank and CoP28. Sitharaman also met Brazilian Minister of Finance Haddad Fernando and discussed the upcoming G20 India and Finance Track outcomes. "@Haddad_Fernando supported #G20India Presidency efforts and also appreciated the works under #G20India Presidency. FM Smt. @nsitharaman extended India's support to the upcoming #G20Brazil Preside

Digital public infra helped make optimum use of taxpayers' money: FM

Finance Minister Nirmala Sitharaman on Thursday said digital public infrastructure has allowed India to make optimum use of taxpayers' money. Addressing a session on digital public infrastructure and how it helps put money in the hands of money, Sitharaman said today in India the government is able to send most of the benefits directly to the bank accounts of citizens. "It has helped in making optimum use of taxpayers' money. In India, DPI has brought in greater efficiency in government system, better utilisation of funding for those women who so need it," she said. Sitharaman said the performance of bank accounts in which women were given loan assistance are doing very well. "After the introduction of Digital Public Infrastructure (DPI), the government was able to save Rs 1 lakh crore in just one of the provinces in India through DBT (direct benefit transfer), she said, adding it has helped cut down on leakage in fund transfer to beneficiaries of government schemes. Sitharaman is

MDBs' lending resources to face more pressure: FM Nirmala Sitharaman

Sitharaman says G20 under India's presidency to touch upon all aspects of MDB evolution

Paris summit: FM Sitharaman discusses G20 efforts to strengthen MDBs

Finance Minister Nirmala Sitharaman on Thursday discussed G20 efforts to strengthen multilateral development banks (MDBs) to address the global challenges of the 21st century. Sitharaman, who attended the Paris summit on 'New Global Financing Pact', participated in a round table on 'Evolving the model of MDBs to address 21st-century challenges', a finance ministry tweet said. The Union finance minister highlighted the contribution of the G20 India Presidency on Capital Adequacy Framework (CAF) reforms and the G20 Expert Group on strengthening MDBs. "FM Smt. @nsitharaman discussed #G20 efforts to #strengthenMDBs to address the global challenges of 21st century. Work on #CAF recommendations will enable #MDBs to utilise their existing resources more effectively," the tweet said. An expert group is examining how the lending capacity of the MDBs can be substantially enhanced to help developing nations meet sustainable development goals (SDGs) and eliminate poverty. The finance minister

New global financing pact on table as FM Sitharaman leaves for Paris

Will attend summit on setting up a new global financing architecture to address climate change, biodiversity crisis

FM seeks spotting of credit-deficient districts for financial inclusion

Finance Minister Nirmala Sitharaman on Monday suggested identification of credit-deficient districts in each state and carrying out special credit outreach camps there

Sitharaman directs NABARD to make rural income improvement top priority

Sitharaman directed NABARD to facilitate the aggregation of organic producers by Farmer Producer Organisations (FPOs), with a focus on the Northeast states

CPI MP asks FM to initiate pension updation for banking sector retirees

He further said that the demand of bank retirees was not fulfilled even though the All India Bank Retirees' Federation has met the Finance Minister four times in the past one and half years

Strengthen GST registration process further with tech: FM to tax officers

Finance Minister Nirmala Sitharaman on Friday asked tax officers to strengthen the GST registration process further by using technology during a review meeting on fake registration and billing. Tax officers have identified 11,140 fake GST registration and initiated action against fraudsters in the ongoing two-month-long special drive launched on May 16. "Smt @nsitharaman instructed that the GST registration process may be further strengthened using technology to curb entry of such fake entities in GST ecosystem. The FM called for a nationwide campaign to explain the objectives of the special drive to weed out fake entities," the office of the Finance Minister said in a tweet. During the review meeting, which was also attended by Revenue Secretary Sanjay Malhotra and CBIC Chairman Vivek Johri, Sitharaman was apprised of the methods like identity theft of people being adopted by fraudsters. "Smt @nsitharaman took note of the existing measures being undertaken by the ministry like ...

FM meets IFAD president, discusses issues of interest, global challenges

Finance Minister Nirmala Sitharaman on Thursday met International Fund for Agricultural Development (IFAD) president Alvaro Lario and discussed issues of mutual interests besides some emerging global challenges. During the meeting, the finance minister stressed that multilateral institutions should effectively contribute to ensuring food security by investing in food storage, food processing, and making small-size farming remunerative. Besides, they should focus on ensuring participation of emerging economies and developing countries and address the new global challenges such as food security, debt distress and climate Change. She underlined the need for the multilateral development banks (MDBs) to take a new and fair review to deal with new and emerging challenges. "While appreciating the India's leadership on steering the #G20India Presidency, the @IFADPresident updated FM Smt. @nsitharaman about how @IFAD is bringing #ClimateChange to the centrestage of the institution," a finan

Sitharaman reviews preparedness of Guj banks in view of cyclone Biparjoy

During the meeting, Sitharaman said that all disaster management protocols should be followed and the staff should be made aware of them

Nirmala Sitharaman's Daughter Parakala Vangamayi ties knot in Bengaluru

Parakala Vangamayi, the daughter of Indian FM Nirmala Sitharaman tied the knot with Pratik Doshi in a private ceremony in Bengaluru. No leaders of political parties were invited

Jaitley and Sitharaman: A look at divestment under the two NDA FMs

In his early days, PM Modi had said that the government would get out of most sectors, a vision which was given credence through the new policy of 'strategic sectors' announced by Sitharaman in 2020

FinMin extends date for MSMEs to submit refund claims till July 31

The finance ministry has extended the deadline for MSMEs by one month, till July 31, to submit refund claims for performance or bid security and liquidated damages forfeited by government departments and public sector entities during the Covid-19 period. To give relief to MSMEs, finance minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by MSMEs to execute contracts during the Covid period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by government and government undertakings. The scheme commenced from April 17 and the Department of Expenditure under the finance ministry had fixed the last date for claim submission as June 30. The Expenditure department has now issued amendments to the scheme and extended the deadline for submission of bids till July 31. Under the scheme, ministries have been asked to refund 95 per cent of the performance security, bid ..

GDP growth at 6.1% in Q4, 7.2% in full FY23; construction, agri surprise

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

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FM reviews infra projects under NICDIT, urges states to tie up loose ends

Finance Minister Nirmala Sitharaman on Tuesday reviewed the progress of projects under the National Industrial Corridor Development and Implementation Trust (NICDIT) and urged states to tie up loose ends and resolve all pending issues through greater exchange. NICDIT seeks to create greenfield smart industrial cities with sustainable 'plug n play' and information and communications technology ICT-enabled utilities. It is within the overall framework of PM GatiShakti National Master Plan NMP. It aims to create quality infrastructure and keep land parcels ready for allotment to attract investments in the manufacturing sector and position India strongly in Global Value Chains (GVCs). Addressing the second meeting of the apex monitoring authority of the NICDIT organised in hybrid mode here, Sitharaman urged all the states to tie up loose ends and move forward and resolve all pending issues through greater exchange and sharing of information to expedite the progress of works in the ...

Need states' support to resolve industrial corridor issues: FM Sitharaman

The industrial corridors can be operationalised by expediting land acquisition, facilitating the implementation of external infrastructure linkages, among other things

FM Sitharaman calls Rahul Gandhi's remarks over China policy shameful

Union finance minister Nirmala Sitharaman on Monday launched a fresh attack on Congress leader Rahul Gandhi for criticising Indian government policies on China