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Finance Minister Nirmala Sitharaman accuses Congress of having links with 'Left extremist forces'
India

Finance Minister Nirmala Sitharaman accuses Congress of having links with 'Left extremist forces'

She also added that the Congress was involving itself in absentee politics and what we required was a Congress-mukt Bharat

Rate hike wasn't surprising, timing was, says Finance Minister Nirmala Sitharaman
Business

Rate hike wasn't surprising, timing was, says Finance Minister Nirmala Sitharaman

The timing of RBI's rate hike came as a surprise but not the action itself as people thought it should have been done anyway

India-US relationship has moved forward and deepened, says finance minister Nirmala Sitharaman
Business

India-US relationship has moved forward and deepened, says finance minister Nirmala Sitharaman

Nirmala Sitharaman said India's relationship with the US is improving each day

India facing difficulties with WTO on exporting cereals amidst global food crisis, says FM Nirmala Sitharaman
World

India facing difficulties with WTO on exporting cereals amidst global food crisis, says FM Nirmala Sitharaman

Responding to India's concerns, WTO Director General Ngozi Okonjo-Iweala said that the organisation is looking at it very positively and hopefully it would be sorted

G20 FMCBG meet: Nirmala Sitharaman calls for proactive collective efforts towards protecting economies
World

G20 FMCBG meet: Nirmala Sitharaman calls for proactive collective efforts towards protecting economies

At the meeting in the US, Finance Minister Nirmala Sitharaman said prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty have dampened the global growth momentum

Nirmala Sitharaman meets CFLI vice chairman Mary Schapiro, shares her vision of developing GIFT City
World

Nirmala Sitharaman meets CFLI vice chairman Mary Schapiro, shares her vision of developing GIFT City

During the meeting, Mary Shapiro discussed the success in India with respect to building robust renewable energy markets and concurred that it is opportune time for India to play a leadership role in shaping global

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy
World

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy

During the meeting, IMF Chief Kristalina Georgieva highlighted India's well-targeted policy mix that has helped the Indian economy remain resilient even with a limited fiscal space

India continues to remain highest receiver of FDI, says Nirmala Sitharaman in Lok Sabha
India

India continues to remain highest receiver of FDI, says Nirmala Sitharaman in Lok Sabha

Nirmala Sitharaman said foreign investments have to be gauged, not just by looking at FIIs and FPIs which by very nature depend on the interest rates and they keep on "moving up and down."

Sri Lanka's president Gotabaya Rajapaksa sacks brother and Finance Minister Basil Rajapaksa
World

Sri Lanka's president Gotabaya Rajapaksa sacks brother and Finance Minister Basil Rajapaksa

Basil was scheduled to leave for the US to meet with the International Monetary Fund for a possible bailout package to get over the unprecedented economic crisis

FDI inflows during Modi government 65% higher than in UPA rule, says Nirmala Sitharaman
India

FDI inflows during Modi government 65% higher than in UPA rule, says Nirmala Sitharaman

The Finance Minister said that in the 7 years and 9 months of the government led by Prime Minister Narendra Modi, the FDI inflows into India have been $500.5 billion

India received 65% more FDI during Modi regime against 10 years of UPA rule, says Sitharaman
Business

India received 65% more FDI during Modi regime against 10 years of UPA rule, says Sitharaman

Despite the covid pandemic, she said the government did not resort to taxes for resource mobilisation and no tax was increased to fund the economic recovery

Politicising GST Council decisions an insult to federal body, says Nirmala Sitharaman
India

Politicising GST Council decisions an insult to federal body, says Nirmala Sitharaman

Nirmala Sitharaman said depending on the amount available in the Compensation Fund, the Centre has also been releasing the regular GST compensation to States to make up for GST revenue shortfall

No PSB bank employees found involved in Rs 14,349-crore ABG Shipyard fraud case, says Nirmala Sitharaman
India

No PSB bank employees found involved in Rs 14,349-crore ABG Shipyard fraud case, says Nirmala Sitharaman

ABG Shipyard was granted a loan under consortium arrangement led by ICICI Bank, and the account was declared as a non-performing asset (NPA) by the lender banks in August 2013

India's economy to grow at quickest pace among large nations: Finance ministry’s report
Business

India's economy to grow at quickest pace among large nations: Finance ministry’s report

The report said the Budget 2022-23 has strengthened the direction set for India's economy by the previous year's budget

ABG Shipyard fraud detected faster than average time in such cases, says Nirmala Sitharaman
Sports

ABG Shipyard fraud detected faster than average time in such cases, says Nirmala Sitharaman

Asserting that a bank follows a certain process to declare an account fraud, Sitharaman said banks almost take 52-54 months to complete intensive work before a decision is taken

Budget 2022 to bring stability, inflation during pandemic less than 2008 financial crisis, says Nirmala Sitharaman
Politics

Budget 2022 to bring stability, inflation during pandemic less than 2008 financial crisis, says Nirmala Sitharaman

Referring to Union Budget 2022, the finance minister said that there is no question of a slowdown or recession, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending 31 March

Andhra govt employees withdraw strike after govt accepts some demands
Politics

Andhra govt employees withdraw strike after govt accepts some demands

Finance Minister Buggana Rajendranath Reddy, Transport Minister Perni Nani, Chief Secretary Sameer Sharma and others participated in the press conference

Higher capital expenditure will keep economic revival going, says Finance Minister Nirmala Sitharaman
Business

Higher capital expenditure will keep economic revival going, says Finance Minister Nirmala Sitharaman

The central government in the Union Budget on Tuesday announced a sharp increase of 35.4 per cent in the capital expenditure to Rs 7.50 Iakh crore in the financial year 2022-2023, around 2.9 per cent of the GDP

Crypto assests are being taxed at 30%, but like cocaine they are not legal yet
Business

Crypto assests are being taxed at 30%, but like cocaine they are not legal yet

Now that the government has decided to tax these tokens, founders of the so-called crypto exchanges are again going to the market, falsely claiming their tokens have been recognised, legitimised

Union Budget 2022: Centre to set up digital university to provide better education to children, says Nirmala Sitharaman
Business

Union Budget 2022: Centre to set up digital university to provide better education to children, says Nirmala Sitharaman

She said that through the digital university children will get “world-class quality universal education" with personalised learning