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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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  • 'FIRE' corridors to fuel economic development, Finmin says at NICDIT meeting May 31, 2023 09:29 AM IST

    'FIRE' corridors to fuel economic development, Finmin says at NICDIT meeting

    Nirmala Sitharaman also urged states to keep up the pace of infrastructure projects at the meeting, which saw Chief Ministers from four states, ministers from nine states, besides senior officials from all the states attend the meeting.

  • Return of unclaimed deposits will take time, says Nirmala Sitharaman May 30, 2023 06:15 AM IST

    Return of unclaimed deposits will take time, says Nirmala Sitharaman

    In the meeting of the Financial Stability and Development Council earlier this month, Sitharaman had called on India's regulators to conduct a 'special drive' to settle unclaimed bank deposits and financial sector claims across all segments.

  • Sitharaman slams Chidambaram for 'frivolous' criticism of Rs 2,000 note withdrawal May 29, 2023 02:54 PM IST

    Sitharaman slams Chidambaram for 'frivolous' criticism of Rs 2,000 note withdrawal

    Sitharaman was responding to comments by P Chidambaram that the introduction and withdrawal of the Rs 2,000 note has cast doubt on the integrity and stability of Indian currency

  • Bank privatisation on course as per schedule, says FM Sitharaman May 30, 2023 06:14 AM IST

    Bank privatisation on course as per schedule, says FM Sitharaman

    The finance minister was speaking in Mumbai on the occasion of the Narendra Modi government completing nine years.

  • LIVE: Finance Minister Nirmala Sitharaman speaks on 9 years of the Modi government May 29, 2023 12:14 PM IST

    LIVE: Finance Minister Nirmala Sitharaman speaks on 9 years of the Modi government

    Finance Minister Nirmala Sitharaman speaks on nine-years of the government. Watch!

  • At national conclave to mark 9 years of Modi govt, union ministers hail PM's 'decisive leadership' May 27, 2023 10:00 PM IST

    At national conclave to mark 9 years of Modi govt, union ministers hail PM's 'decisive leadership'

    Speaking at the conclave, Finance Minister Nirmala Sitharaman said Prime Minister Modi has brought in a change in the mindset and earned the trust and faith of the people of this country through his unflinching 'Seva Bhaav'.

  • Nirmala Sitharaman appeals to opposition parties to rethink on boycott, says Sengol is a civilisational symbol May 25, 2023 04:45 PM IST

    Nirmala Sitharaman appeals to opposition parties to rethink on boycott, says Sengol is a civilisational symbol

    Prime Minister Narendra Modi is scheduled to inaugurate the new Parliament building on Sunday.

  • Govt aims to list Shipping Corp of India Land and Assets on stock exchanges by June 7 May 22, 2023 06:42 PM IST

    Govt aims to list Shipping Corp of India Land and Assets on stock exchanges by June 7

    Following the listing of SCILAL, the government will look to invite expressions of interest for its 63.75 percent stake in SCI. The government expects three to five players to bid for its stake.

  • As vaping ban violations rise, Health Ministry seeks stricter implementation of e-cigarette ban   May 22, 2023 01:40 PM IST

    As vaping ban violations rise, Health Ministry seeks stricter implementation of e-cigarette ban  

    Despite penalties and imprisonment prescribed for offenders, E-cigarettes are available across a range of sources including tobacco vendors, general stores and online providers. 

  • FM Nirmala Sitharaman advises new recruits to inform public about Rozgar Mela scheme May 16, 2023 02:20 PM IST

    FM Nirmala Sitharaman advises new recruits to inform public about Rozgar Mela scheme

    Prime Minister Narendra Modi today presented 71,000 appointment letters to newly inducted recruits in government departments and organisations across the country.

  • FM Nirmala Sitharaman meets IMF MD Kristalina Georgieva on sidelines of G7 meeting May 12, 2023 12:13 PM IST

    FM Nirmala Sitharaman meets IMF MD Kristalina Georgieva on sidelines of G7 meeting

    Sitharaman also met Brazilian counterpart Haddad Fernando on the sidelines of the G7FMCBG meet. Fernando appreciated India's organisation of the G20 presidency and its piloting of significant global economic issues, the finance ministry said in a tweet.

  • FM Sitharaman is on 2-day visit to Japan for G7 meeting, invites Japanese investments May 12, 2023 12:06 PM IST

    FM Sitharaman is on 2-day visit to Japan for G7 meeting, invites Japanese investments

    Sitharaman is on a two-day official visit to Niigata, Japan, for a 'Dialogue with partner countries' at the G7 Finance Ministers and Central Bank Governors meeting on May 12.

  • FM Sitharaman to review state of the economy at FSDC meeting today May 08, 2023 07:01 AM IST

    FM Sitharaman to review state of the economy at FSDC meeting today

    The FSDC meeting will also review activities undertaken by the FSDC sub-committee chaired by the RBI governor and the action taken by members on the past decisions of FSDC.

  • India working to rein in inflation says Finance Minister Nirmala Sitharaman May 06, 2023 11:38 AM IST

    India working to rein in inflation says Finance Minister Nirmala Sitharaman

    India's annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank's upper tolerance level for the first time this year, on the back of softer food prices.

  • Faceless tax assessment scheme fuels deluge of appeals, puts taxpayers in limbo May 05, 2023 06:29 AM IST

    Faceless tax assessment scheme fuels deluge of appeals, puts taxpayers in limbo

    Over 6 lakh appeals are pending before the I-T department and tribunal; the finance ministry claims less manpower is leading to the pile-up.

  • Need robust ADB that adopts transformational approach for regional development: FM Nirmala Sitharaman May 04, 2023 09:49 AM IST

    Need robust ADB that adopts transformational approach for regional development: FM Nirmala Sitharaman

    Highlighting that the world is passing through an age of "resets" of fuel, food, fertiliser, debt, energy, supply chain, sustainability, fiscal stability, etc, she said "we need a robust ADB that adopts a transformational rather than incremental approach for sustainable and resilient regional development."

  • Nirmala Sitharaman confident Ajay Banga will use corporate experience in pursuing World Bank goals May 04, 2023 09:39 AM IST

    Nirmala Sitharaman confident Ajay Banga will use corporate experience in pursuing World Bank goals

    Ajay Banga, 63, will take over as the President of the World Bank on June 2. He will succeed President David Malpass.

  • Online gaming to attract investment once tax policy is finalised: Nirmala Sitharaman May 02, 2023 09:36 PM IST

    Online gaming to attract investment once tax policy is finalised: Nirmala Sitharaman

    The minister said the discussion is going on at the ministerial level in the GST Council into various aspects of online gaming, including taxation and regulation.

  • Essential for emerging economies to become engines of growth, help resolve global crisis: Sitharaman May 02, 2023 06:14 PM IST

    Essential for emerging economies to become engines of growth, help resolve global crisis: Sitharaman

    She further said the G20 Presidency has come at a crucial stage for the emerging economies, stressing that three years are critical for the global economy, which is going through a reset.

  • Vivad se Vishwas scheme: June 30 deadline for MSMEs to submit claims May 02, 2023 09:51 PM IST

    Vivad se Vishwas scheme: June 30 deadline for MSMEs to submit claims

    In cases of failure by MSMEs to execute contracts during the COVID period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by the government.

  • India-South Korea Ties: Sitharaman visits South Korea to attend ADB annual meeting May 02, 2023 01:35 PM IST

    India-South Korea Ties: Sitharaman visits South Korea to attend ADB annual meeting

    Sitharaman is leading an Indian delegation to attend the 56th Annual General Meeting of the Board of Governors of the ADB along with Investor/bilateral and other associated meetings.

  • Finance Ministry wants PSU banks to enhance recovery rate from written-off accounts to about 40% May 01, 2023 04:00 PM IST

    Finance Ministry wants PSU banks to enhance recovery rate from written-off accounts to about 40%

    Banks have been directed to be more proactive with regard to big written-off accounts by the Ministry.

  • ‘Mann Ki Baat’ completes 100 episodes; ministers and icons laud the programme's success April 30, 2023 01:15 PM IST

    ‘Mann Ki Baat’ completes 100 episodes; ministers and icons laud the programme's success

    'Mann Ki Baat', the radio show hosted by Prime Minister Modi, was celebrated by tons of people across the world for completing a century. Many notable dignitaries hail the success of the show

  • Seasonal supply side problems adding to inflation, govt monitoring continuously: Finance Minister Nirmala Sitharaman April 26, 2023 02:49 PM IST

    Seasonal supply side problems adding to inflation, govt monitoring continuously: Finance Minister Nirmala Sitharaman

    Highlighting that efforts have also been made to bring down fuel and natural gas prices, she said these are imports coming into the country and the prices are high in the global market, due to the impact of Covid and Russia-Ukraine war.

  • WATCH | FM Nirmala Sitharaman's 'Word Of Caution' Against 'Finfluencers' & 'Ponzi Apps' April 24, 2023 06:53 PM IST

    WATCH | FM Nirmala Sitharaman's 'Word Of Caution' Against 'Finfluencers' & 'Ponzi Apps'

    Finance Minister Nirmala Sitharaman on Sunday issued a word of caution on taking financial advice from financial influencers (finfluencers) on social media. She further said that one should also be wary of apps offering outlandish returns, since they most often turn out to be 'ponzi apps'. Watch to know more!