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Searched Tag: union finance minister nirmala sitharaman

The Centre’s bank privatisation exercise had begun in January 2019, when it sold its controlling 51 per cent stake in the IDBI Bank to Life Insurance Corporation of India (LIC). Subsequently, both the government and LIC announced plans for the strategic sale of their stake in the IDBI Bank

Sitharaman invites foreign banks to expand flow of credit

November 6, 2025, 04:50 PM - 3 min read

Addressing the 12th SBI Banking and Economics Conclave 2025, Finance Minister Nirmala Sitharaman asked lenders to deepen credit flow to the industry for better investment opportunities

As regards the banking sector, Sitharaman said the balance sheets of public sector banks have improved significantly compared to the twin balance sheet problem they faced 7-8 years ago

India poised to become world’s third-largest economy: Sitharaman

November 4, 2025, 06:26 PM - 3 min read

Speaking at an event at the Delhi School of Economics in New Delhi, Sitharaman stressed on the country’s economic strength and structural resilience that proved “international bullies” wrong

Chief Minister Thakur Sukhvinder Singh Sukhu during a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi on Wednesday.

CM Sukhu seeks 2% hike in borrowing limit from Centre

October 29, 2025, 08:14 PM - 3 min read

The Chief Minister highlighted that despite the state government’s efforts to increase revenue, the state’s financial health has been severely impacted due to regular reductions in revenue deficit grants and losses incurred due to natural disasters over the past three years.

Speaking at the inauguration of the CGST building in Ghaziabad, the minister asked tax officers to map recurring grievances in Central GST (CGST) zones to reach the “root cause” of problems

Expedite disciplinary action against erring tax officials: FM

October 24, 2025, 03:04 PM - 3 min read

Speaking at the inauguration of the CGST building in Ghaziabad, the Union Finance Minister, Nirmala Sitharaman, on Friday underscored the significance of using technology to quicken tax-paying, and asked officers to ensure fast-tracking conclusion of disciplinary proceedings against erring CBDT officials

Referring to the rationalisation of GST rates last month, Sitharaman said it has opened new opportunities in rural areas due to rising consumption, thereby indicating greater funding potential for banks

FM asks rural banks to increase agriculture credit disbursement

October 17, 2025, 07:07 PM - 3 min read

In Karnataka on Friday to review the business performance of Karnataka Grameena Bank (KaGB), the Union Finance Minister, Nirmala Sitharaman, urged rural banks to increase agriculture credit disbursement to meet the growing demand of rural India

This year, the theme for the three-day conclave is, ‘Seeking Prosperity in Turbulent Times’, which is “relevant both in the context of India’s growth aspirations and its success in navigating times of exceptional uncertainty, turbulence and changing geopolitics

Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025

September 27, 2025, 04:16 PM - 4 min read

Senior policymakers and economists from India and abroad will gather for the three-day conclave that focuses on the emergence of AI and AI infrastructure, global macroeconomics, and financial governance in turbulent times

The economic resilience, said the minister, has been continuous, as seen in India’s GDP growth during the April-June quarter this year when it grew by 7.8 per cent

FM hails India's resilience amid global headwinds

September 25, 2025, 04:50 PM - 2 min read

The uncertainty in the global environment has increased over the past year, but India’s resilience has stood out, as seen in the Apr-June quarter’s GDP, said Union Finance Minister Nirmala Sitharaman on Thursday

Explaining the framework through a presentation, Sitharaman said the new regime will bring down the system to just two levels of taxation, making it easier for consumers and businesses alike

Next-gen GST reforms to boost Bengal's economy, says FM

September 18, 2025, 06:27 PM - 2 min read

The Finance Minister highlighted that Bengal’s artisans, farmers, and small industries will particularly benefit under the revised tax slabs

Stressing on the global uncertainty in trade, the Tata Sons chairman said collective efforts in enhancing quality manufacturing is required to support the government in its ‘Viksit Bharat’ mission

It’s your turn to invest, FM Nirmala Sitharaman tells India Inc

September 18, 2025, 12:32 PM - 3 min read

Saying the government has delivered on its promises, Union Finance Minister called upon the industry to partner with the government to invest, upskill youth, and increase production

Following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent

GST reforms will lead to more cash in hand: FM

September 17, 2025, 03:00 PM - 3 min read

The ‘next-gen’ Goods and Services Tax (GST) reforms that are due to roll out from September 22 will inject ₹2 lakh crore into the economy, said Union Finance Minister, Nirmala Sitharaman, on Wednesday

The recently-introduced reforms in the Goods and Services Tax (GST) spell victory for every citizen of India who will be benefited by lowered prices of essentials, said Union Finance Minister, Nirmala Sitharaman, on Sunday

GST reforms spell victory for each citizen: Nirmala Sitharaman

September 14, 2025, 04:48 PM - 4 min read

Nearly a week before the GST rate cut roll-out takes effect on September 22, Union Finance Minister Nirmala Sitharaman said the new-gen Goods and Services Tax (GST) reforms would expedite achieving the Prime Minister’s ‘Viksit Bharat’ vision

So far, the insurance sector has attracted ₹82,000 crore through foreign direct investment (FDI).

‘Liberalisation’ of the Insurance Amendment Bill on the cards: FM

September 14, 2025, 02:05 PM - 3 min read

The Union Finance Minister, Nirmala Sitharaman, has said the Insurance Amendment Bill will most likely come up for discussion in the Parliament’s upcoming winter session, in which she will push for 100 pc FDI in the insurance sector