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Nirmala Sitharaman
Nirmala Sitharaman (born 18 August 1959) is an Indian politician serving as the Union Minister of Finance and Corporate Affairs since May 2019, and previously as the Minister of Defence. A senior
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Reduce income tax rate for individuals earning up to Rs 50 lakh: PHDCCI's pre-Budget recommendation
The highest tax rate of 30 per cent is levied on individuals earning more than Rs 24 lakh in a year in the new income tax regime.
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FAQ's
1. Who is the current Finance Minister of India (2025)?
As of 2025, Nirmala Sitharaman is serving as the Finance Minister of India.
2. Has Nirmala Sitharaman presented the Union Budget?
Yes, she has presented the Union Budget multiple times since 2019, including key budgets during the pandemic and India’s economic recovery phase.
3. Is Nirmala Sitharaman the first woman Finance Minister of India?
She is the first full-time woman Finance Minister of India. Indira Gandhi also held the portfolio briefly while serving as Prime Minister.
4. What are some of Nirmala Sitharaman’s major reforms?
Key reforms include corporate tax reduction, PLI schemes, digital economy push, simplification of tax regimes, and COVID-19 financial relief packages.
5. What is Nirmala Sitharaman’s educational background?
She has a Master’s in Economics from Jawaharlal Nehru University (JNU), Delhi, and a Bachelor's in Economics from Tamil Nadu.