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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- 'Govt keeping good watch on rupee, several currencies weakened against dollar': FM Sitharaman
The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday.
- GST reforms to bring big relief to people who suffered huge tax burden under Congress: Ashwini Vaishnaw
The GST Council's decision to bring all products, except those under the sin and luxury goods category, under 5 per cent and 18 per cent slabs, while reducing it to zero on a host of essential items, will come into effect from September 22, the first day of Navratri.
- India needs campaign for better opposition, their criticism of GST ill-informed: Nirmala Sitharaman
Nirmala Sitharaman was dismissive of Congress leader Jairam Ramesh’s contention that Prime Minister Narendra Modi undermined the GST Council, a constitutional body that takes all decisions related to the indirect tax regime
- GST rate cut for dairy, farm inputs to benefit 10 crore farmers: Ministry of Cooperation
The GST restructuring addresses the inverted duty structure in fertiliser manufacturing and is expected to prevent price rise for farmers while ensuring timely availability of inputs during sowing seasons, the ministry said in a statement.
- India’s atmanirbhar reforms doctrine is about self-respect and self-reliance: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman emphasized the government's commitment to accelerated reforms, protecting exporters, and expanding economic growth into new areas, despite the challenges posed by US tariffs. In an interview to Network18 Group Editor-in-Chief Rahul Joshi, Sitharaman stated that India will continue buying Russian oil if it serves the economy's interests, dismissing US President Donald Trump aide Peter Navarro's remarks as a "divide and rule" tactic. The government is preparing a relief package to support industries hit hardest by the 50% US tariffs, the government is working on measures to cushion the impact, including interest subvention schemes and export credit support.
- Finance Minister Nirmala Sitharaman's exclusive interview to Network18: Full Text
Finance Minister Nirmala Sitharaman in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi
- RBI has started diversifying US treasury holding and purchasing gold, says FM Nirmala Sitharaman
“I don’t want divulge in to how they are diverting, but I think the RBI has taken very considered decision and they have also done by purchasing gold,” FM Sitharaman added.
- Bond yields becoming unsustainably high has a big bearing on central, state govt, says FM Nirmala Sitharaman
Yields across short- and long-tenure bonds rose in August, following Prime Minister Narendra Modi’s Independence Day speech, where he announced the Centre’s plan to rationalize the GST framework
- 'Petrol, diesel and alcohol to stay outside GST': FM Nirmala Sitharaman
"Not in the immediate future," Sitharaman said when asked about the timeline of their inclusion in the ambit of GST.
- We are looking at every aspect of reform: FM Sitharaman on FDI, FPI liberalisation
Currently, an FPI or an investor group can hold only up to 10% equity in a listed company. More than 10% is allowed through FDI
- 99% of goods under GST either in zero, 5% or 18%; only 1% taxed as sin goods: FM Sitharaman
Sin goods under GST include tobacco, pan masala, gutkha, cigarettes, luxury cars, online gambling or gaming, caffeinated beverages, coal, lignite, peat, and aerated drinks.
- IDBI Bank divestment is moving fast, will likely conclude by FY26: FM Nirmala Sitharaman
During an interview with Network 18 Group Editor-In-Chief Rahul Joshi, the finance minister hinted that more such stake sales can happen in the future.
- FM Sitharaman says 'can’t leave exporters high and dry'; relief package to offset Trump’s tariffs soon
Sitharaman added that the package will help those industries that are hit by the 50 percent tariffs imposed by the US from August 27
- S&P India sovereign rating upgrade due to constant engagement, says Finance Minister
"They (DEA and CEA) have been persistent with them, talking to them…their conversations have shown us the result," Sitharaman said, adding that the officials should continue engaging with other agencies also.
- 'We need more trade talks with China,' says FM Sitharaman
'I think in one or two cases we have relaxed norms for investments from China, and projects have opened for them. India is open for investments,' Sitharaman added
- 'Recklessness in public spending must be discouraged': FM Sitharaman on pre-poll freebie promises
Finance Minister Nirmala Sitharaman said that it is one thing to have a a scheme approved and have it budgeted for and another to scramble for funds and then blame the Centre for it.
- Rupee is not weakening, says FM Sitharaman
Rupee is volatile only against the dollar, and many countries are experiencing this, says Sitharaman
- ‘Families were shaken up’: FM Sitharaman on why govt brought law on online gaming
In an interview to Network18 Group Editor-in-Chief Rahul Joshi, Sitharaman said, the new law was the need of the hour
- 'Divide & rule principle': Sitharaman dismisses Trump aide's 'brahmins profiteering' remark, slams oppn
She said "friends of imperialists are telling us the word Boston Brahmins is not bad," in an exclusive interview to Network18 Group Editor-in-Chief Rahul Joshi.
- No particular mechanism to check profiteering right now, but seized of the question: FM Nirmala Sitharaman
"In the case of insurance sector, the public sector insurance companies have come forward to openly say that they will indeed pass the rate-cuts to citizens. I’m sure the private sector will do the same with insurance, and so with other things," said the FM.
