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nirmala sitharaman

Nirmala Sitharaman is an Indian politician and a member of Bharatiya Janata Party (BJP). A Rajya Sabha MP from Karnataka, Sitharaman holds two important portfolios — the Ministry of Finance and the Ministry of Corporate Affairs — in the Narendra Modi-led government in its second term at the Centre. She is the first full-time woman finance minister of the country. Earlier, Indira Gandhi had held finance as an additional portfolio for a short duration when she was the prime minister of India. Sitharaman has also served as the Defence Minister in PM Modi's previous cabinet. Before entering into politics, Sitharaman worked in the corporate sector after getting a master’s degree from the Jawaharlal Nehru University. Subsequently, she moved to London with her husband and joined the British Broadcasting Corporation. She returned to India in the 1990s. She has also served as a member of National Commission for Women (NCW). She was one of the founding directors of Pranava school in Hyderabad. In 2019, the Jawaharlal Nehru University conferred her the Distinguished Alumni Award. The Forbes Magazine ranked her 34th among the 100 most powerful women in the world in the same year. More

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  • Smugglers cannot be smarter than the authorities: FM Nirmala Sitharaman on DRI 65th Foundation Day Dec 05, 2022 12:56 PM IST

    Smugglers cannot be smarter than the authorities: FM Nirmala Sitharaman on DRI 65th Foundation Day

    The finance minister was speaking at the DRI's 65th Foundation Day. "DRI should look at whether there is any relation between higher gold imports and higher detection of gold smuggling. Customs duty on gold does not determine the extent of smuggling, which seems to have its own cycle pattern.”

  • Nirmala Sitharaman Addresses Revenue Intelligence Officers | Finance Minister LIVE Dec 05, 2022 11:21 AM IST

    Nirmala Sitharaman Addresses Revenue Intelligence Officers | Finance Minister LIVE

    Finance Minister Nirmala Sitharaman inaugurates the 65th foundation day celebration of the Directorate of Revenue Intelligence and addresses revenue intelligence officers. The DRI is the main enforcement agency on anti-smuggling matters. It also unearths commercial frauds and cases of customs duty evasion.

  • Budget 2023: India must sustain its growth momentum despite stiff global challenges Dec 02, 2022 09:46 AM IST

    Budget 2023: India must sustain its growth momentum despite stiff global challenges

    With rising global inflation, threat of pause as interest rates rise across the world, a national budget can do little to manage domestic public finances. The one outcome it can deliver is to ensure domestic growth continues

  • GST collections now averaging Rs 1.49 lakh crore on monthly basis: Revenue Secy Tarun Bajaj Nov 29, 2022 06:43 PM IST

    GST collections now averaging Rs 1.49 lakh crore on monthly basis: Revenue Secy Tarun Bajaj

    Speaking on government's GST revenue, Bajaj added that close to about Rs 1.50 lakh crore GST collections on a monthly basis should be the run rate in the coming months

  • Cut in income tax, schemes to generate jobs among demands in pre-Budget meetings with Finance Minister Nov 28, 2022 06:31 PM IST

    Cut in income tax, schemes to generate jobs among demands in pre-Budget meetings with Finance Minister

    Sitharaman held eight rounds of discussions starting with India Inc on November 21 and ending with a round of consultation with economists on Monday.

  • FM Nirmala Sitharaman urges startups to focus on climate change solutions Nov 28, 2022 01:45 PM IST

    FM Nirmala Sitharaman urges startups to focus on climate change solutions

    Addressing the national-level summit organised by Vananam to promote inclusion in the start-up ecosystem in India, Nirmala Sitharaman said, "Atmanirbhar Bharat is not just for defence or strategic matters, food security or manufacturing areas. It is also self-sufficiency to be able to transition to a better climate in India."

  • Chhattisgarh CM asks FM Nirmala Sitharaman to return Rs 17,240 crore of state employees under NPS Nov 25, 2022 03:16 PM IST

    Chhattisgarh CM asks FM Nirmala Sitharaman to return Rs 17,240 crore of state employees under NPS

    Bhupesh Baghel said the state government has restored the old pension scheme in Chhattisgarh to secure the future of government employees and their families.

  • Budget 2023: Wishlist of markets has a tax-heavy logic Nov 24, 2022 10:49 AM IST

    Budget 2023: Wishlist of markets has a tax-heavy logic

    Market participants said there was a need to harmonise tax rules on different financial products.

  • Budget should focus on job creation, steps to broaden tax base: India Inc to FM Nirmala Sitharaman Nov 21, 2022 02:24 PM IST

    Budget should focus on job creation, steps to broaden tax base: India Inc to FM Nirmala Sitharaman

    "The external scenario is likely to continue to be unfavourable for some time. Hence, we must broad-base our domestic economy by creating new sectors of growth and driving employment generation to boost domestic demand, inclusion, and growth," CII president Sanjiv Bajaj said.

  • Budget 2023-24: CII recommends reduction in personal income tax rates, pace up PSU privatisation Nov 20, 2022 06:19 PM IST

    Budget 2023-24: CII recommends reduction in personal income tax rates, pace up PSU privatisation

    CII also added that the government should look at reducing the 28 percent GST rate on select consumer durables.

  • FM Nirmala Sitharaman to kick-start pre-Budget meetings from November 21 Nov 18, 2022 07:25 PM IST

    FM Nirmala Sitharaman to kick-start pre-Budget meetings from November 21

    The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders.

  • FM Nirmala Sitharaman At Global Gathering Of Accountants | World Congress Of Accountants Nov 18, 2022 02:20 PM IST

    FM Nirmala Sitharaman At Global Gathering Of Accountants | World Congress Of Accountants

    Finance Minister Nirmala Sitharaman as the Guest of Honour at World Congress of Accountants, at Jio World Convention Centre, Mumbai. The theme of the event is “Building Trust Enabling Sustainability.” World Congress of Accountants to be held in Mumbai from 18th to 21st November 2022.

  • FSDC sub-committee meets to discuss major developments in global, domestic economy Nov 15, 2022 06:55 PM IST

    FSDC sub-committee meets to discuss major developments in global, domestic economy

    At the meeting, members resolved to remain vigilant and proactive to ensure that financial markets and financial institutions remained resilient amidst the spillovers arising from evolving global macroeconomic situation, the central bank said

  • Global crypto meltdown: India dodges bullet thanks to cautious government, RBI Nov 14, 2022 03:25 PM IST

    Global crypto meltdown: India dodges bullet thanks to cautious government, RBI

    While the Reserve Bank of India (RBI) has refused to recognise cryptocurrencies and repeatedly issued warnings against trading in them, the government fired the tax bullet to wean off demand.

  • Govt's focus on digital infra making India nimble: FM Nirmala Sitharaman Nov 12, 2022 03:12 PM IST

    Govt's focus on digital infra making India nimble: FM Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman added that public-private initiatives are pushing the nation to the forefront of global innovation.

  • Need high regulatory standard globally to deal with risks related to cryptocurrencies: Yellen Nov 11, 2022 08:14 PM IST

    Need high regulatory standard globally to deal with risks related to cryptocurrencies: Yellen

    The United States has made a good deal of progress at least in dealing with the issues of illicit finance in connection with cryptocurrencies, she said here.

  • India, US to work on new climate finance assistance deal for developing countries Nov 11, 2022 06:59 PM IST

    India, US to work on new climate finance assistance deal for developing countries

    At present, the developed country goal is to pool together $100 billion annually till 2025 to help developing countries mitigate climate change and make the transition to a cleaner future, according to a joint statement from both the countries

  • In pics | Nirmala Sitharaman, US Treasury Secretary Janet Yellen at India-US Economic Financial Partnership Nov 11, 2022 06:37 PM IST

    In pics | Nirmala Sitharaman, US Treasury Secretary Janet Yellen at India-US Economic Financial Partnership

    Nirmala Sitharaman and US Treasury Secretary Janet Yellen met at the 9th India-US Economic Financial Partnership in New Delhi.

  • Challenges out of Russian invasion to firm up US-India ties: Treasury Secy Yellen Nov 11, 2022 02:59 PM IST

    Challenges out of Russian invasion to firm up US-India ties: Treasury Secy Yellen

    Yellen said she hoped the discussions with India can be "open, frank, and productive" and that the US was committed to strengthening the bilateral economic relationship and deepening the level of cooperation and collaboration

  • India key partner in US' friend-shoring agenda, says Treasury Secy Janet Yellen Nov 11, 2022 10:50 AM IST

    India key partner in US' friend-shoring agenda, says Treasury Secy Janet Yellen

    Yellen takes a dig at China and Russia, saying the world had been for too long overly reliant on "risky countries" that "wield trade as a geopolitical weapon"

  • FM Nirmala Sitharaman called 1991 reforms 'half-baked, 'master chef' Nitin Gadkari baked it fully by hailing Manmohan Singh: Congress Nov 09, 2022 02:40 PM IST

    FM Nirmala Sitharaman called 1991 reforms 'half-baked, 'master chef' Nitin Gadkari baked it fully by hailing Manmohan Singh: Congress

    Union Minister Gadkari had on Tuesday said the country is indebted to former prime minister Singh for the economic reforms of 1991 started by him as the finance minister.

  • Finance Minister Nirmala Sitharaman hints at possibility of Centre considering restoration of state status to J&K Nov 06, 2022 09:30 AM IST

    Finance Minister Nirmala Sitharaman hints at possibility of Centre considering restoration of state status to J&K

    In August 2019, the central government abrogated Article 370 of the Constitution, which accorded special status to Jammu and Kashmir, and bifurcated the state into Union territories.

  • Financial strength critical for 'Atma Nirbhar Bharat': Nirmala Sitharaman Nov 05, 2022 07:37 PM IST

    Financial strength critical for 'Atma Nirbhar Bharat': Nirmala Sitharaman

    The temptation to borrow beyond capacity would create intergenerational burden and affect fiscal soundness of the country.

  • Nirmala Sitharaman to launch 6th round of commercial coal mines auction today Nov 03, 2022 09:34 AM IST

    Nirmala Sitharaman to launch 6th round of commercial coal mines auction today

    Nirmala Sitharaman will be the chief guest at the launch event to be held in the national capital.

  • Karnataka leads the way in many sectors with attractive policies to promote industries: Nirmala Sitharaman Nov 02, 2022 06:39 PM IST

    Karnataka leads the way in many sectors with attractive policies to promote industries: Nirmala Sitharaman

    The Union Minister, who is a Rajya Sabha member from Karnataka, said investors are willing to come to the state because of the record of Karnataka and Bengaluru in facilitating industries.