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The Bharatiya Janata Party's strong political position in the run-up to the national elections will allow the Indian central bank to operate within a technocratic framework
The 2024-25 Budget has received plaudits from all corners despite it only being a Vote-on-account and devoid of any major policy changes. Attracting the most praise has been the government’s decision to target a fiscal deficit of 5.1 percent of GDP next year, well below expectations of 5.3 percent.
Nirmala Sitharaman said the government is open to the idea of disinvestment of equity stake in blue-chip PSUs, including SBI and ONGC. The government is not against the idea of holding a minority stake in key strategic public sector firms
In a post-Budget interview with Rahul Joshi, Editor-in-Chief, Network18, the finance minister also said that jobs getting created outside the formal economy were "not getting counted at all"
The Indian government has been in a running battle with S&P Global Ratings, Moody's Investors Services, and Fitch Ratings as it thinks the sovereign rating assigned to the country is not a fair reflection of its economic strength.
In an exclusive interview with Rahul Joshi, Editor-in-Chief, Network18, finance minister Nirmala Sitharaman hails youth's contribution to making India's fintech sector globally recognised
Sitharaman was responding to a question on stability in the capital gains tax regime amid a rally in the Indian equities markets over the past three years, in a post-Budget interview with Network 18 with Editor-in-Chief Rahul Joshi.
Currently, the government holds a controlling 57.49 percent stake in SBI and 58.89 percent stake in ONGC.
The FM's comments on interest rates come few days ahead of the bi-monthly policy review of the monetary policy committee
Sitharaman also said that college recruitments, and hiring in top institutions like IIMs are important, but jobs created in middle and lower order are not being counted when talking about employment in the economy
PM Modi first restored the economy, which is why a white paper was not put out earlier. The PM is never in favour of quick twists and turns, says Sitharaman.
According to the finance minister, state governments have been "very enthusiastic" in wanting to avail of the capex loan facility provided by the central government.
Talking to Rahul Joshi, Editor-in-Chief, Network18, Finance Minister Nirmala Sitharaman has said the government has ensured macroeconomic stability, and growth prospects look upbeat
When asked if a 7% GDP forecast is realistic, the Finance Minister, who presented the interim Budget 2024 on February 1, said the Chief Economic Advisor too has elaborated why 7% is not hard to achieve
This government is serving the common people in letter and spirit and that is recognised by the people themselves, says Finance Minister.
Nirmala Sitharaman Exclusive Interview Highlights: The FM highlighting the success of systemic reforms, asserted that the measures undertaken are bearing fruit.
