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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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  • Discontinue GST exemption on healthcare services; allow input tax credit, FICCI tells FM Sitharaman Jul 04, 2022 07:17 PM IST

    Discontinue GST exemption on healthcare services; allow input tax credit, FICCI tells FM Sitharaman

    The incorporation of five percent GST on room rent exceeding Rs 5,000 per day will increase the expenditure of patients, says FICCI

  • Indian rupee relatively better placed than other global currencies against dollar: FM Nirmala Sitharaman Jun 30, 2022 02:41 PM IST

    Indian rupee relatively better placed than other global currencies against dollar: FM Nirmala Sitharaman

    Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach.

  • Moneycontrol Selects: Top stories this evening Jun 29, 2022 07:44 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • Compensation to states a bone of contention on day one of 47th GST Council meeting Jun 28, 2022 08:59 PM IST

    Compensation to states a bone of contention on day one of 47th GST Council meeting

    On the first day of the 47th GST Council meeting, one of the key issues was the compensation to states for revenue shortfall which will stop in two days. Opposition- ruled states like Chhattisgarh want the GST compensation period to be extended for another five years. For the details of the meeting in a nutshell, watch the video.

  • GST Council Meet: Rate changes on some items likely, compensation for states tops agenda Jun 26, 2022 10:44 AM IST

    GST Council Meet: Rate changes on some items likely, compensation for states tops agenda

    The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for June 28-29.

  • GST council to consider sales tax on cryptocurrency next week Jun 23, 2022 07:48 AM IST

    GST council to consider sales tax on cryptocurrency next week

    The panel, comprising federal and states’ finance ministers, is seeking to broaden the tax net to track dealings in virtual digital assets in a more effective manner, the people said, declining to be identified citing rules on speaking with media.

  • FM Nirmala Sitharaman to meet public sector bank chiefs today Jun 20, 2022 12:26 PM IST

    FM Nirmala Sitharaman to meet public sector bank chiefs today

    This meeting will witness the attendance of the Chairman of the State Bank of India, Managing Directors, and Chief Executive Officers of other Public Sector Banks, as stated by an official.

  • Extend GST compensation to states for next 3-5 years: Amit Mitra urges Nirmala Sitharaman Jun 14, 2022 11:08 AM IST

    Extend GST compensation to states for next 3-5 years: Amit Mitra urges Nirmala Sitharaman

    Amit Mitra, the principal chief advisor to Chief Minister Mamata Banerjee and the state finance department, said the extension of the compensatory arrangement will provide a big relief to the states.

  • Rajya Sabha polls: BJP wins big; Sitharaman, Congress' Surjewala, Shiv Sena's Raut elected Jun 11, 2022 11:30 AM IST

    Rajya Sabha polls: BJP wins big; Sitharaman, Congress' Surjewala, Shiv Sena's Raut elected

    (Eds: Updates with Maharashtra, Haryana results) Mumbai/Chandigarh/Bengaluru/Jaipur, Jun 11 Union ministers Nirmala Sitharaman and Piyush Goyal, Ran..

  • FM Sitharaman calls on public enterprises to show greater professionalism, efficiency Jun 09, 2022 01:02 PM IST

    FM Sitharaman calls on public enterprises to show greater professionalism, efficiency

    The finance minister's comments come as the public sector readies itself for the entry of private companies in all sectors, including the four strategic sectors specified by the new PSE policy.

  • Govt's enabling policies, proactive steps helped India deal with pandemic:  Finance Minister Jun 08, 2022 04:19 PM IST

    Govt's enabling policies, proactive steps helped India deal with pandemic: Finance Minister

    Finance Minister Nirmala Sitharaman said on Wednesday that the government's enabling policies and proactive measures, like corporate tax cuts and economic digitalisation, helped the country deal with the unusual scenario created by the pandemic.

  • FM Nirmala Sitharaman launches single nodal agency dashboard Jun 07, 2022 11:12 PM IST

    FM Nirmala Sitharaman launches single nodal agency dashboard

    The SNA dashboard will provide a platform for ministries and departments to monitor transfer of funds to states and their utilisation.

  • Moneycontrol Selects: Top stories this afternoon Jun 07, 2022 02:16 PM IST

    Moneycontrol Selects: Top stories this afternoon

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • Retail investors acting like shock absorbers in stock market: FM Nirmala Sitharaman Jun 07, 2022 01:14 PM IST

    Retail investors acting like shock absorbers in stock market: FM Nirmala Sitharaman

    Speaking at an event of the corporate affairs ministry as part of the Azadi ka Amrit Mahotsav, Sitharaman said that during the pandemic, there has been a very significant increase in retail investor numbers.

  • Regulators should be well advanced to deal with digitisation: Nirmala Sitharaman Jun 07, 2022 12:38 PM IST

    Regulators should be well advanced to deal with digitisation: Nirmala Sitharaman

    Nirmala Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation.

  • India's economic growth to be supported by fiscal spending: FM Nirmala Sitharaman Jun 07, 2022 08:10 AM IST

    India's economic growth to be supported by fiscal spending: FM Nirmala Sitharaman

    Participating virtually in the second BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the China chairmanship, Sitharaman said BRICS should continue to serve as a platform to engage in dialogues and facilitate exchange of experiences, concerns and ideas for rebuilding a sustainable and inclusive growth trajectory.

  • FM Nirmala Sitharaman to launch single nodal agency dashboard today Jun 07, 2022 07:03 AM IST

    FM Nirmala Sitharaman to launch single nodal agency dashboard today

    In a statement the finance ministry said in order to give the stakeholders of SNA model the necessary feedback and monitoring tools in the operation of the schemes, Public Financial Management System (PFMS) has developed the SNA dashboard.

  • Teen who lost parents to COVID-19 gets loan recovery notice from LIC, Nirmala Sitharaman intervenes Jun 06, 2022 03:30 PM IST

    Teen who lost parents to COVID-19 gets loan recovery notice from LIC, Nirmala Sitharaman intervenes

    After media reports highlighted Vanisha Pathak's ordeal, there was an outpouring of support for her.

  • Rajya Sabha polls: Nirmala Sitharaman, Jaggesh file nominations from Karnataka May 31, 2022 05:52 PM IST

    Rajya Sabha polls: Nirmala Sitharaman, Jaggesh file nominations from Karnataka

    On Tuesday, prominent figures such as Union Finance Minister Nirmala Sitharaman and BJP actor-politician Jaggesh filed their nominations for the June 10 Rajya Sabha elections from Karnataka.

  • Centre executing projects worth Rs 1,34,200 crore to boost rail, road, air network in NE: FM May 29, 2022 07:39 PM IST

    Centre executing projects worth Rs 1,34,200 crore to boost rail, road, air network in NE: FM

    "We are carrying out 20 railway projects worth Rs 74,000 crore for 2,011 km, which are spread across the northeast," Sitharaman said.

  • Fuel Prices on May 23: Check out petrol, diesel rates in Mumbai, Delhi and other cities May 23, 2022 08:27 AM IST

    Fuel Prices on May 23: Check out petrol, diesel rates in Mumbai, Delhi and other cities

    Finance Minister Nirmala Sitharaman on May 22 said the reduction in central taxes on petrol and diesel has been in road and infrastructure cess that is not shared with states

  • Explained: Centre cuts excise duty on petrol, diesel. Could prices come down more or will they rise again? May 21, 2022 09:18 PM IST

    Explained: Centre cuts excise duty on petrol, diesel. Could prices come down more or will they rise again?

    With the excise duty cut alone, the effective retail price of petrol will be reduced by around Rs 9.5 per litre and of diesel by Rs 7 per litre.

  • Cartelisation going to be a challenge: Finance Minister May 20, 2022 12:20 PM IST

    Cartelisation going to be a challenge: Finance Minister

    Speaking at the 13th annual day function of the Competition Commission of India (CCI), Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets.

  • Nirmala Sitharaman signals speedy recovery, projects 8.9% GDP growth for current fiscal May 19, 2022 10:53 PM IST

    Nirmala Sitharaman signals speedy recovery, projects 8.9% GDP growth for current fiscal

    The finance minister underscored the importance of multilateralism and the spirit of global cooperation for economic recovery.

  • Ensure quality power supply at reasonable rates to industries: FM Nirmala Sitharaman tells state governments May 10, 2022 07:29 PM IST

    Ensure quality power supply at reasonable rates to industries: FM Nirmala Sitharaman tells state governments

    The Finance Minister was speaking at the Stakeholder’s Outreach Programme organised by Directorate General of Foreign Trade on the occasion of India signing a Comprehensive Economic Partnership Agreement with the United Arab Emirates and the Economic Cooperation Trade Agreement (ECTA) with Australia.

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