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Nirmala Sitharaman

Finance Minister Nirmala Sitharaman says every partner needs to collaborate for India to become third-largest economy by 2027-28

Finance Minister Nirmala Sitharaman says every partner needs to collaborate for India to become third-largest economy by 2027-28

Sat, Jan 27, 2024

With a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India, the Finance Minister said.

Government halves Budget support to oil firms, defers filling strategic oil reserves

Government halves Budget support to oil firms, defers filling strategic oil reserves

Fri, Jan 26, 2024

Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to support the three state-owned firms' energy transition plans.

Budget 2024: Dr Abhinav Akhilesh Urges More Funds For Rural Healthcare Infra & Medical Colleges

Budget 2024: Dr Abhinav Akhilesh Urges More Funds For Rural Healthcare Infra & Medical Colleges

Fri, Jan 26, 2024

Budget 2024: Grant Thornton Bharat’s Dr Abhinav Akhilesh discusses the need for increased budget allocation to rural healthcare, medical colleges, and wellness initiatives. He also provides insights on Ayushman Bharat, rural healthcare challenges, and the importance of R&D funding in India.

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7th Pay Commission latest news: Huge relief for central government employees; FM Sitharaman reduces House Building Advance interest rate

7th Pay Commission latest news: Huge relief for central government employees; FM Sitharaman reduces House Building Advance interest rate

Wed, Sep 16, 2020

7th Pay Commission latest news: While announcing various relief measures last Saturday, Finance Minister Nirmala Sitharaman announced a relief measure that will directly benefit central government employees.

Exclusive: Finance Ministry against decriminalising bouncing of cheques under Negotiable Instrument act; Cab Sec to take final call

Exclusive: Finance Ministry against decriminalising bouncing of cheques under Negotiable Instrument act; Cab Sec to take final call

Sat, Sep 12, 2020

Department of Financial Services (DFS) which comes under the Ministry of Finance is opposed to the suggestion of decriminalising offences related to cheque bouncing cases.

Exclusive: Second stimulus package is in the works; meeting between PMO, Finance Ministry and RBI soon

Exclusive: Second stimulus package is in the works; meeting between PMO, Finance Ministry and RBI soon

Wed, Sep 09, 2020

After Atma Nirbhar Bharat Abhiyaan economic package of Rs 20 lakh crore, the central government is planning to come up with its second stimulus package amid slowdown due to Covid 19 pandemic

Banks catalysts of economic revival: Nirmala Sitharaman

Banks catalysts of economic revival: Nirmala Sitharaman

Wed, Sep 09, 2020

Finance Minister Nirmala Sitharaman said on Wednesday that banks are going to be the main source for economic revival.

India's commitment to reform being taken seriously by foreign investors: Finance Minister Nirmala Sitharaman

India's commitment to reform being taken seriously by foreign investors: Finance Minister Nirmala Sitharaman

Sun, Sep 06, 2020

Between April-July, the Foreign Direct investment (FDI) into India stood at USD 20 billion.

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Sun, Aug 30, 2020

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

41st meeting of GST Council under FM Nirmala Sitharaman concludes

41st meeting of GST Council under FM Nirmala Sitharaman concludes

Thu, Aug 27, 2020

Today the 41st meeting of the GST Council was held under the leadership of Finance Minister Nirmala Sitharaman. The meeting churned on other issues including GST compensation of states.

GST Council Meet: FM Nirmala Sitharaman says 'Act of God' may result in contraction of economy this fiscal

GST Council Meet: FM Nirmala Sitharaman says 'Act of God' may result in contraction of economy this fiscal

Thu, Aug 27, 2020

Referring to the spread of coronavirus pandemic as ‘Act of God’, finance minister Nirmala Sitharaman while addressing media on Thursday, said that it might lead to a contraction of economy this fiscal. The finance minister’s statement came after a long GST Council meet because of which her virtual press conference had to be delayed.

GST Council to take up GST rate cut issue on two-wheelers, FM says

GST Council to take up GST rate cut issue on two-wheelers, FM says

Tue, Aug 25, 2020

Finance Minister Nirmala Sitharaman on Tuesday said that the Goods and Services Tax (GST) Council will take up the industry’s proposal to reduce tax on two-wheelers, according to a press release issued by industry body Confederation of India Industries (CII)

Modi government's new gift; know what is Taxpayers' Charter?

Modi government's new gift; know what is Taxpayers' Charter?

Fri, Aug 14, 2020

Modi government's new gift to honest taxpayers, Prime Minister Narendra Modi launched taxation platform. In this video, understand what is taxpayers' charter!

PM Narendra Modi to launch platform for transparent taxation on August 13

PM Narendra Modi to launch platform for transparent taxation on August 13

Wed, Aug 12, 2020

Ahead of Independence Day, Prime Minister Narendra Modi is hosting a meeting with all Principal Chief Commissioners and Chief Commissioners of Income Tax on August 13. During the meet, PM Modi is set to launch a new tax programme - Transparent Taxation — Honouring the Honest’.

15 proposals of stressed NBFCs, HFCs worth Rs 6,400 cr sanctioned under special liquidity scheme

15 proposals of stressed NBFCs, HFCs worth Rs 6,400 cr sanctioned under special liquidity scheme

Sat, Aug 08, 2020

The Finance Ministry on Saturday said 15 proposals worth Rs 6,399 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore 'Aatmanirbhar Bharat' package.

GST Council to discuss AG opinion on compensation: FM

GST Council to discuss AG opinion on compensation: FM

Sat, Aug 01, 2020

Nirmala Sitharaman on Saturday said the Attorney General's view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held to discuss the legal opinion.

Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman

Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman

Sat, Aug 01, 2020

The government will soon come out with a new public sector enterprises policy that will define strategic sectors which will not have more than four PSUs, Finance Minister Nirmala Sitharaman said on Saturday.

Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM

Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM

Fri, Jul 31, 2020

"Banks cannot refuse credit to MSMEs covered under emergency credit facility. If refused, such instances must be reported. I will look into it, Sitharaman said at a closed-door event of industry chamber Ficci. As part of the Aatmanirbhar Bharat Package, the government had announced?Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.

Exclusive: PM Narendra Modi to chair important meeting with bankers, finance ministry, top-level secretaries - Here is why

Exclusive: PM Narendra Modi to chair important meeting with bankers, finance ministry, top-level secretaries - Here is why

Tue, Jul 28, 2020

As per Zee Business sources, the meeting will take place around 3-4 PM on Wednesday.

Income Tax department responsive to the needs of taxpayers during pandemic : Sitharaman

Income Tax department responsive to the needs of taxpayers during pandemic : Sitharaman

Sat, Jul 25, 2020

Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times.

Emergency Credit Line Guarantee Scheme (ECLGS): Over Rs 19k crore sanctioned to 71 MSMEs

Emergency Credit Line Guarantee Scheme (ECLGS): Over Rs 19k crore sanctioned to 71 MSMEs

Sun, Jul 19, 2020

The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.

Downgrading credit rating amid pandemic limits policy options, says Finance Minister Nirmala Sitharaman

Downgrading credit rating amid pandemic limits policy options, says Finance Minister Nirmala Sitharaman

Sun, Jul 19, 2020

Union Finance Minister Nirmala Sitharaman on Saturday made a strong case for rating agencies to refrain from frequent rating downgrades during the prevailing Covid-19 pandemic, which has put economies across the globe under stress and raised the need to increase spending even at the cost of enlarging deficits.

Aatmanirbhar Bharat! Good news for Mudra Shishu Loan account holders - Check Modi government's latest decision

Aatmanirbhar Bharat! Good news for Mudra Shishu Loan account holders - Check Modi government's latest decision

Wed, Jul 15, 2020

It's a good news for Mudra Shishu Loan account holders as Modi government has taken a big decision.

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