nirmala sitharaman

Nirmala Sitharaman is an Indian politician, currently serving as the Minister of Finance and Corporate Affairs of India. She was the first woman to be appointed as full-time Defence Minister of India and is now the second woman finance minister. She has earlier served as MoS Commerce and Industry (Independent charge) and handled the finance and corporate affairs portfolios as well. More

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  • Budget announcement on tax incentives to give traction to IFSC: FM Nirmala Sitharaman Feb 26, 2021 07:49 PM IST

    Budget announcement on tax incentives to give traction to IFSC: FM Nirmala Sitharaman

    Speaking at the India Aircraft Leasing Summit, Nirmala Sitharaman said the government has rapidly built on the International Financial Services Centre (IFSC) owing to its cost-effective feature.

  • Centre, states should talk on reducing fuel prices: Sitharaman Feb 25, 2021 10:39 PM IST

    Centre, states should talk on reducing fuel prices: Sitharaman

    When asked if the Centre is mulling to reduce cess or other taxes on fuel to give some respite to consumers from high prices of diesel and petrol, she said the question has put her in "dharm-sankat" (dilemma).

  • Finance Minister's decision to include private banks in government businesses a game-changer, says Karnataka Bank CEO & MD Mahabaleshwara MS Feb 25, 2021 12:16 PM IST

    Finance Minister's decision to include private banks in government businesses a game-changer, says Karnataka Bank CEO & MD Mahabaleshwara MS

    The central government has lifted the embargo on granting business to private banks. Finance Minister Nirmala Sitharaman on Wednesday said that all banks will be equal partners in developing the economy

  • Embargo lifted on grant of government business to private banks: FM Nirmala Sitharaman Feb 24, 2021 04:56 PM IST

    Embargo lifted on grant of government business to private banks: FM Nirmala Sitharaman

    The private sector banks can be involved in "conduct of government-related banking transactions such as taxes and other revenue payment facilities", the Department of Financial Services (DFS) said.

  • Explained | Will fuel prices dip under GST regime? Feb 23, 2021 06:28 PM IST

    Explained | Will fuel prices dip under GST regime?

    Though the GST was introduced on July 1, 2017, petrol and diesel were kept out of it due to the higher dependence of states.

  • Exclusive | Govt to sell train timings to private players as part of DFC asset monetisation Feb 23, 2021 03:05 PM IST

    Exclusive | Govt to sell train timings to private players as part of DFC asset monetisation

    The Indian Railways would come out with a detailed timetable for trains and the available routes will be sold to private players.

  • Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements Feb 23, 2021 01:02 PM IST

    Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements

    As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.

  • Relief to fuel consumers, four states cut taxes on petrol and diesel Feb 22, 2021 12:14 PM IST

    Relief to fuel consumers, four states cut taxes on petrol and diesel

    West Bengal, Assam, Rajasthan and Meghalaya have cut state taxes to cool down fuel prices.

  • Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’ Feb 22, 2021 11:17 AM IST

    Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’

    Sitharaman has also said there is no plan to merge EPF with the National Pension Scheme and they will continue to remain in their present forms.

  • Budget 2021 is about govt role as facilitator, private sector as key driver of growth: FM Nirmala Sitharaman Feb 21, 2021 05:58 PM IST

    Budget 2021 is about govt role as facilitator, private sector as key driver of growth: FM Nirmala Sitharaman

    Sitharaman underlined that the nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together.

  • Azim Premji: Government can immunise 500 million people in 60 days by involving private sector Feb 21, 2021 02:05 PM IST

    Azim Premji: Government can immunise 500 million people in 60 days by involving private sector

    Speaking at an interactive session organised by the Bangalore Chamber of Industry and Commerce (BCIC), Ajim Premji told Finance Minister Nirmala Sitharaman that deploying and administering the vaccine in large proportion was a key requirement.

  • Centre, states must talk to bring down retail fuel price: FM Nirmala Sitharaman Feb 20, 2021 03:31 PM IST

    Centre, states must talk to bring down retail fuel price: FM Nirmala Sitharaman

    FM Nirmala Sitharaman said there was ‘no guarantee’ that, if the central government forwent its share, the states would not fill the space.

  • FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money Feb 20, 2021 01:28 PM IST

    FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money

    Finance Minister Nirmala Sitharaman said the government wants to divest so that the units are run more professionally with the help that may be available outside the government

  • Opposition spreading false propaganda about farm laws: FM Nirmala Sitharaman Feb 20, 2021 08:05 AM IST

    Opposition spreading false propaganda about farm laws: FM Nirmala Sitharaman

    Addressing the traders' cell of Tamil Nadu BJP here, she also said those who were causing hindrance to the progress of the growth of Tamil Nadu were now criticising Prime Minister Narendra Modi's government at the Centre.

  • PSB privatisation: Can government outfox India’s powerful trade unions? Feb 19, 2021 06:02 PM IST

    PSB privatisation: Can government outfox India’s powerful trade unions?

    Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.

  • India's inflation target band up for review: FM Nirmala Sitharaman Feb 18, 2021 06:42 PM IST

    India's inflation target band up for review: FM Nirmala Sitharaman

    The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.

  • FM Sitharaman addresses RBI board, explains priorities of govt Feb 16, 2021 04:26 PM IST

    FM Sitharaman addresses RBI board, explains priorities of govt

    At its first meeting after the presentation of the Budget for 2021-22, the central board of directors also reviewed the current economic situation.

  • Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday Feb 14, 2021 01:07 PM IST

    Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday

    Earlier this month, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank will able to manage the high quantum of government borrowings at Rs 12 lakh crore for the next fiscal in a "non-disruptive" manner.

  • Agreed to 15th Finance Commission's suggestion on non-lapsable Defence Fund: Finance Minister Feb 13, 2021 11:43 AM IST

    Agreed to 15th Finance Commission's suggestion on non-lapsable Defence Fund: Finance Minister

    The 15th Finance Commission had recommended constitution of Modernisation Fund for Defence and Internal Security (MFDIS), a non-lapsable dedicated fund to bridge the gap between projected budgetary requirements and allocation for internal security and defence.

  • Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs Feb 12, 2021 10:11 PM IST

    Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs

    Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas have shown interest in buying the government's 52.98 per cent stake in BPCL.

  • Experts bat for separate debt resolution framework, more borrowing avenues for MSMEs Feb 12, 2021 09:50 PM IST

    Experts bat for separate debt resolution framework, more borrowing avenues for MSMEs

    The MSME sector is facing a massive liquidity and supply crunch, shortage of labour and non-payment of dues.

  • Privatisation not panacea for all ills: Ex-RBI deputy governor S S Mundra Feb 12, 2021 07:41 PM IST

    Privatisation not panacea for all ills: Ex-RBI deputy governor S S Mundra

    Speaking at a webinar organised by Bengal Chamber, Mundra said that the idea that ownership changes the behaviour of an entities are not proper.

  • Centre extends bid submission deadline for Shipping Corp to March 1 Feb 12, 2021 05:37 PM IST

    Centre extends bid submission deadline for Shipping Corp to March 1

    The Cabinet had in November last year gave in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

  • FM Nirmala Sitharaman attacks opposition for creating false narrative around Budget Feb 12, 2021 04:11 PM IST

    FM Nirmala Sitharaman attacks opposition for creating false narrative around Budget

    FM Nirmala Sitharaman said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.

  • 1.46 lakh establishments registered under new employment subsidy scheme: FM Nirmala Sitharaman Feb 12, 2021 03:05 PM IST

    1.46 lakh establishments registered under new employment subsidy scheme: FM Nirmala Sitharaman

    Speaking on the fiscal roadmap of the government, the Finance Minister said: “We have not hurried to say that next year the fiscal deficit will come down to something which we will like to see. We are going to be careful about how we come down that fiscal path without affecting or creating any hurdles to growth.”

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