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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
...Read more- Inflation, debt, supply chain hurdles call for integrated action from govt, industry: FM
FM Nirmala Sitharaman said that the agri stack will be the next big thing from India after digital public infrastructure
- Shift policy focus from revenue maximisation to fostering growth, economists tell FM in pre-budget meet: Sources
The economists sought a relook at the current trajectory of fiscal consolidation and urged a re-evaluation of key taxation policies in order to boost growth
- Q2 GDP is not systemic slowdown, more due to lack of capex, public spending: FM Sitharaman
Sitharaman was in conversation with 15th Finance Commission chairman N K Singh at the India Japan Forum 2024
- FM Sitharaman to start pre-Budget consultation with various stakeholders from Dec 6
Union Budget 2025-26 is likely to be tabled in Parliament on February 1.
- Economists back RBI's rate cut caution despite Cabinet ministers' nudge
In the last few months, India’s CPI inflation remained on the upward trajectory due to persistent pressure from the food prices. The consumer price inflation touched a 14-month high of 6.21 percent in October, which, according to economists, might have reduced MPC’s room to cut the repo rate in the immediate future
- Bank interest rates will have to be far more affordable, says FM Sitharaman
Last week, Piyush Goyal said that the RBI should 'definitely cut interest rates'. On this, RBI governor Shaktikanta Das quipped that he will 'reserve' his comments for the upcoming monetary policy in December
- ‘Modi govt listens and attends to people’s voices,’ FM Nirmala Sitharaman assures middle-class amid inflation concerns
An X user urged the minister to consider easing the financial burden on the middle class, acknowledging the complexities of governance. Sitharaman replied that PM Modi’s government listens and attends to people’s voices.
- Use Carnatic music to promote Kannada language: Nirmala Sitharaman
I appeal to you to keep that momentum up. Support these artists. Promote Karnataka, promote Carnatic music and promote the sweet Kannada language,” added the finance minister
- FM Nirmala Sitharaman chairs meeting to review Income Tax Act
During the Union Budget 2024-25 that was presented on July 23, Sitharaman announced the review of the decades-old law and simplify it
- India to lead global discourse while maintaining neutrality in foreign affairs, says FM Sitharaman
"A picture is today emerging of India with its affiliations to several blocs, keeping its neutral, non-aligned position."
- India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Sitharaman
Sitharaman emphasised on the nation's determination to not just contribute to but also determine the shape and direction of global recovery, while redefining its own place in the global economic order
- Not against questioning regulators, but need to be 'cautious' about their contributions, says FM
The finance minister complimented the regulators for doing a "world-class job"
- Government committed to reducing fiscal deficit to 4.9% by FY25: FM Sitharaman
The finance minister emphasised that reducing the fiscal deficit from 5.6 percent of GDP in FY24 to 4.9 percent in FY25 will "not only keep the bond yields in check but also manage borrowing costs"
- I-T Act review: Govt to invite suggestions from industry next month
The government is set to invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting in October, as part of an initiative to simplify direct tax laws.
- AIIB needs to ‘step up’ to help countries finance sustainable, resilient infrastructure: FM Nirmala Sitharaman
Geopolitical tensions and unsustainable debt burden is limiting ability of many countries to finance this infrastructure, the FM said
- FM Nirmala Sitharaman asks AIIB to facilitate low-income countries to avail financial resources
Sitharaman was meeting its AIIB's President Jin Liqun on September 25, ahead of the 9th Annual Meeting of Board of Governors in Samarkand (Uzbekistan)
- FM Nirmala Sitharaman clarifies remarks on EY employee's death, says 'no victim shaming intended'
Sitharaman earlier emphasised the need for inner strength to cope with pressure, which she said can be achieved only through spiritual practices. The remarks ignited backlash.
- FM Sitharaman pushes MoHUA for full capex utilisation; cement, housing finance stocks to benefit
The budgeted allocation for the Ministry of Housing and Urban Affaits is Rs 28,628 crore for the fiscal year 2024-2025.
- FM Nirmala Sitharaman reviews capex plan of Housing and Urban Affairs Ministry
Nirmala Sitharaman also impressed upon the officials of the Urban Affairs Ministry to ensure that the capex target for FY 2024-25 is met within the stipulated time frame
- FM Nirmala Sitharaman asks railways to accelerate work on capacity and infrastructure boost, including Kavach
At the meeting, railways officials said that 434 railway projects have been identified under three economic corridors totalling 40,900 km with a total investment plan of Rs 11.16 lakh crore
