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.
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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: 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.
Sat, Oct 15, 2022
"India's foreign exchange reserves at USD 537.5 billion as on September 23, 2022, compare favourably with most peer economies. Two-thirds of the decline in reserves is due to valuation changes arising from an appreciating US dollar and higher US bond yields," Sitharaman said.
Wed, Oct 12, 2022
She identified high energy prices among the biggest problems facing the Indian economy in the near future.
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Sun, Oct 09, 2022
FM Sitharaman buying vegetables: Reactions to the video ranged from praise to criticism, as people commented on rising vegetable prices and wondered if the Finance Minister now understood how inflation is impacting budgets.
Tue, Sep 27, 2022
Finance Minister Nirmala Sitharaman on Tuesday asked public sector banks (PSBs) to fill the backlog vacancies of Scheduled Castes (SCs) in time bound manner and enhance their coverage in all schemes.
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Fri, Sep 23, 2022
Asked about the rupee hitting a record low against the US dollar, Sitharaman said the government looks at every aspect of the economy. "Be it inflation, exchange rate...We are looking at everything," the minister said.
Wed, Sep 21, 2022
The issue of a common know your customer (KYC) process for banking, insurance and capital markets was discussed at a meeting of financial sector regulators and the finance minister last week.
Mon, Sep 19, 2022
IFC is the private sector funding arm of the World Bank.
Sat, Sep 17, 2022
Sitharaman made the suggestion while underlining the importance of creating digitally savvy banks with the right product offerings that take care of requirements for all sections including the youth and also the women.
Thu, Sep 15, 2022
The FSDC meeting, which was attended by financial sector regulators and officials, also took note of the preparation in respect of financial sector issues to be taken up during India's G20 Presidency in 2023
Thu, Sep 08, 2022
The finance ministry will kick-start the exercise to prepare the annual budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries
Wed, Sep 07, 2022
As per an IMF resolution, the 16th General Review of Quotas should be concluded by December 15, 2023. Any adjustment in quota shares would be expected to result in an increase in the voting rights of emerging countries in line with their relative positions in the world economy
Union Finance Minister Nirmala Sitharaman on Wednesday shared the Modi government's priorities, saying inflation has cooled down in the last few weeks and that it is not a 'red lettered' priority
On policy issues, she further said that the National Infrastructure and Investment Fund (NIIF) needs to be more robust.
Tue, Sep 06, 2022
The finance ministry will on Wednesday hold a meeting with all stakeholders, including banks and officials of external affairs and commerce ministries, to discuss ways to promote cross-border trade in rupee instead of US dollar.
Sun, Aug 28, 2022
Continuation of PMJDY beyond 2018 saw a marked shift in approach to meet challenges and requirements of the emerging FI (financial inclusion) landscape in the country, the finance minister said.
Fri, Aug 26, 2022
"The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet," she added.
Fri, Aug 12, 2022
The members of the GoM also met industry stakeholders late last month to hear their concerns
Mon, Aug 08, 2022
According to the minister, the central bank has put in place the arrangement in order to promote growth of global trade by reducing the dependence on hard currency, with emphasis on exports from India and to support the increasing interest of global trading community in INR
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