Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman News

Centre is taking action against digital loan apps: Finance minister tells Rajya Sabha
Business

Centre is taking action against digital loan apps: Finance minister tells Rajya Sabha

Most of the dubious apps are originating from one particular country, a lot of borrowers have been harassed and money has been extorted by these apps, the minister said during the question hour while replying to a supplementary question

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

Ukraine conflict: Prime Minister Narendra Modi reviews India's security preparedness
India

Ukraine conflict: Prime Minister Narendra Modi reviews India's security preparedness

The prime minister directed that all possible efforts should be made to bring back the mortal remains of Naveen Shekharappa, who died in Kharkiv

Ukraine crisis and jump in crude prices pose challenge to financial stability, says Nirmala Sitharaman
India

Ukraine crisis and jump in crude prices pose challenge to financial stability, says Nirmala Sitharaman

Parrying questions on the exact timeline for the LIC IPO, she said there is a buzz and interest in the market after the life insurance behemoth filed its papers with SEBI

Separation of chairperson, MD positions at listed cos will be voluntary and not mandatory, says SEBI
Business

Separation of chairperson, MD positions at listed cos will be voluntary and not mandatory, says SEBI

The development comes against the backdrop of finance minister Nirmala Sitharaman recently saying the regulator should hear if Indian companies have a view on the matter

India's big solar and renewable energy push signals challenge to Chinese dominance
India

India's big solar and renewable energy push signals challenge to Chinese dominance

India has consistently relied on imports from China for solar hardware which is then used for the construction of panels and large-scale solar farms across the country

The Economic Survey 2022's biggest message: Data is King
Business

The Economic Survey 2022's biggest message: Data is King

Data-driven feedback loops are likely to be the biggest change in public policy making in the years to come

How Budget 2022 can help India become propeller of global growth post COVID-19
India

How Budget 2022 can help India become propeller of global growth post COVID-19

Should the government fire on all cylinders, there is every chance that India would be one of the leading propellers of post-pandemic economic growth

Prime Minister Narendra Modi meets top CEOs in run up to Budget
India

Prime Minister Narendra Modi meets top CEOs in run up to Budget

Last week, Modi had met with leading private equity/ venture capital players to seek suggestions on making India a more attractive investment destination

Centre earned over Rs 8 lakh cr from taxes on petrol and diesel in last three fiscals, says Nirmala Sitharaman
India

Centre earned over Rs 8 lakh cr from taxes on petrol and diesel in last three fiscals, says Nirmala Sitharaman

Just before Diwali this year on 4 November, the government slashed the excise duties on petrol and diesel by Rs 5 and Rs 10 a litre, respectively

Data privacy should not be compromised in using fintech, says finance minister Nirmala Sitharaman
Business

Data privacy should not be compromised in using fintech, says finance minister Nirmala Sitharaman

Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore and Rs 2 lakh crore in 2020 and 2019

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards
Business

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards

Tax rate on Amphotericin B, Tocilizumab was cut to 'Nil', while Remdesivir and Heparin was reduced to five percent in June 2021.

Union Cabinet gives nod to BharatNet, distribution scheme for power discoms; a brief look
India

Union Cabinet gives nod to BharatNet, distribution scheme for power discoms; a brief look

The total expense for BharatNet will be Rs 29,430 crore to cover around 3,60,000 villages in 16 states, which includes Rs 19,041 crore to be spent by the government for the viability gap funding,

Negotiations on India-EU trade deal to resume next month, says finance minister Nirmala Sitharaman
World

Negotiations on India-EU trade deal to resume next month, says finance minister Nirmala Sitharaman

Negotiations on a free trade agreement have been stalled since May 2013, when both sides failed to bridge substantial gaps on crucial issues including data security status for the IT sector

Rajya Sabha passes bill allowing 74% FDI in insurance sector amid Opposition walkout, ruckus
India

Rajya Sabha passes bill allowing 74% FDI in insurance sector amid Opposition walkout, ruckus

Finance Minister Nirmala Sitharaman said that insurance companies were facing liquidity pressure and the higher limit would help meet the growing capital requirement

Get around 5% rebate from automakers on purchase of new car under Vehicle Scrapping Policy, says Nitin Gadkari
India

Get around 5% rebate from automakers on purchase of new car under Vehicle Scrapping Policy, says Nitin Gadkari

The policy announced in the 2021-2022 Union Budget by Nirmala Sitharaman mandates a fitness test after 20 years for personal vehicles and 15 years for commercial vehicles

Union Budget 2021: Refrigerators, ACs, mobile phones to become costlier; gold, silver to be cheaper
Business

Union Budget 2021: Refrigerators, ACs, mobile phones to become costlier; gold, silver to be cheaper

Sitharaman announced a hike in customs duty on mobile phone parts and mobile phone charger components to 2.5 percent from nil while customs duty on gold and silver has been reduced to 7.5 percent from 12.5 percent

Budget 2021: Government raises import duty on parts of mobile phones, chargers
India

Budget 2021: Government raises import duty on parts of mobile phones, chargers

The finance minister announced withdrawal of duty exemption on components used for mobile chargers and imposed 10 percent duty on them with effect from 2 February.

Union Budget 2021: Download Centre's mobile app to access Budget documents, here's how
India

Union Budget 2021: Download Centre's mobile app to access Budget documents, here's how

The Budget documents will be available on the Mobile App after the completion of the Budget Speech by the finance minister in Parliament on Monday, 1 February.

Union Budget 2021: Increase spending to boost healthcare infrastructure, service providers tell Centre
Business

Union Budget 2021: Increase spending to boost healthcare infrastructure, service providers tell Centre

The COVID-19 pandemic exposed the chinks in the healthcare system and highlighted the need for a major infrastructure revamp, Manipal Hospitals MD and CEO Dilip Jose said