Nirmala Sitharaman News

Bharatiya Janata Party (BJP) leaders, including Prime Minister Narendra Modi, used Pitroda's statement to corner the Congress party right in the middle of Lok Sabha Elections 2024. Speaking during an election rally in Telangana, the Prime Minister demanded a response from Congress leader Rahul Gandhi, saying that the country "won't tolerate disrespect on the basis of the colour of skin". Finance Minister Nirmala Sitharaman lashed out at Congress leader Sam Pitroda for his ‘racist’ remark, saying it reveals the mindset and attitude of Rahul Gandhi’s mentor.

Nirmala Sitharaman on Wednesday lashed out at Congress leader Sam Pitroda for his 'racist' remark, saying it reveals the mindset and attitude of Rahul Gandhi's mentor. Pitroda, the head of the Indian Overseas Congress, had triggered a controversy on Wednesday with his «people of the east look like the Chinese and those of the south look like Africans» remarks. In a post on X, Sitharaman retorted saying, «I am from South India. I look Indian! My team has enthusiastic members from north east India. They look Indian! My colleagues from west India look Indian! »But, for the racist who is the mentor of @RahulGandhi we all look African, Chinese, Arab and the White! Thanks for revealing your mindset and your attitude. I.N.D.I alliance's shame!".

market cap of all 81 listed public sector undertakings (PSUs) has grown by 225% under the Narendra Modi-led NDA government, while 79% returns by Nifty CPSE have significantly outpaced Nifty 500 and Nifty 50 indices, Finance Minister Nirmala Sitharaman said in a tweet on Wednesday. Sitharaman was responding to what she called charges by the Indian National Congress (INC) and its leader Rahul Gandhi that PSUs were being dismantled and were in disarray under the Modi regime.

Reserve Bank of India will likely enforce a rule that could dampen the spirits of India’s capital expenditure momentum, a highlight of the Narendra Modi government’s tenure at the Centre. RBI has issued draft guidelines asking lenders in India to increase their provisioning for infrastructure projects which are under construction and has asked them to ensure strict monitoring of any emerging stress. In essence, provisioning entails lenders allocating a specific portion of their balance sheets as reserves to cover expected future losses.

Karan Singh getting ticket from the BJP from Kaiserganj, Sitharaman said the allegations have not been proved against Brij Bhushan. "Nothing is proven against Brij Bhushan. Nothing has been proven about it.

Nirmala Sitharaman on Saturday claimed that the Congress government in Karnataka did not take action against JD(S) leader Prajwal Revanna, accused of sexually abusing women, for about a year despite being aware of the matter. The Congress was afraid that it might lose Vokkaliga votes and therefore stayed silent until the first phase of the Lok Sabha elections got over, she said, speaking at a meeting with select journalists here. «The Union home minister (Amit Shah) has made it very clear that we will not tolerate the matters that go against women and on that we stand united. Though the (BJP's) alliance partner has this issue, we have made it clear that it was not acceptable, and let it be investigated,» Sitharaman said, when asked if the scandal will have an impact on her party's performance in Karnataka in the ongoing elections. It was being claimed that a driver gave a pen drive (allegedly containing evidence of Revanna's acts) to the Congress party and state home minister but they were sitting on this evidence for about a year, and «now the BJP is made to answer because the JD(S) is in alliance with us,» she said.

Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results. The finance minister took to social media platform ‘X’ and said, ‘’Wonder where this is come from. Was not even double checked with Finance Ministry. Pure speculation.'' said Sitharaman.

Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Finance Minister Nirmala Sitharaman debunked rumours calling it pure speculation. «Wonder where this is come from. Was not even double checked with @FinMinIndia. Pure speculation,» Sitharaman said on social media while reacting to a tweet made by a news channel claiming that the tax department is planning to impose uniform treatment for all asset classes.

India's goods and services tax (GST) collection hit an all-time high of ₹2.1 lakh crore in April, underlining the robust economy and kicking off the new fiscal year on a strong note. This also creates room for the much-anticipated reform of the GST regime when the new government takes charge after general elections. «GST collection crosses ₹2 lakh crore benchmark, thanks to the strong momentum in the economy and efficient tax collections,» finance minister Nirmala Sitharaman posted on X, formerly Twitter. GST collection rose 12.4% in April from ₹1.87 lakh crore a year earlier on the back of a 13% rise in domestic transactions that point to healthy local demand. The previous monthly record was ₹1.87 lakh crore in April 2023. India's economy is estimated to have grown 7.6% in FY24. The IMF expects India's GDP to expand 6.8% in FY25, retaining its status as the world's fastest-growing major economy. Total GST collection was ₹1.78 lakh crore in March while the monthly average for FY24 was ₹1.68 lakh crore.

jobs available through the portal were significantly higher than job seekers. The number of job-seekers registered through the portal in FY24 is 87,27,900 as against job vacancies of 1,092,4161, as per NCS data.

Lok Sabha Elections 2024, Google has marked the second phase of this monumental event with a symbolic gesture on its homepage. On Friday, Google unveiled a doodle featuring an inked index finger, symbolizing the act of voting, a cornerstone of Indian democracy.

Narendra Modi wants to export India’s digital payments system to the world. That plan now risks stumbling as clunky technology used by Indian lenders fails to keep up with his ambitions. In recent years, the fastest-growing major economy has invested in a vast ecosystem of technologies to increase financial inclusion and pull hundreds of millions of Indians into the digital marketplace. Today, the nation’s homegrown payments system, United Payments Interface, or UPI, is used to pay for practically everything, from expensive jewelry to a 10-rupee cup of piping hot tea. Also Read: RBI asks Kotak Mahindra Bank to stop issuing fresh credit cards, onboarding fresh customers via mobile banking

inheritance tax is implemented and the country will go back to the era when Congress imposed a 90% tax. The senior BJP leader stated that the inheritance tax directly hits the middle and aspirational classes as their hard work is saved in small savings from which they buy a house.

PM Awas Yojana Update: The Centre is reportedly planning to widen the scope and size of its flagship scheme Pradhan Mantri Awas Yojana (PMAY). Now shopkeepers, traders and self-employed will also be brought under the ambit of the scheme, part of the ‘Housing for All’ mission of the central government, CNBC-TV18 reported citing sources.

Narendra Modi government was committed to its mission of empowering rural women, not only through loans and subsidies, but also by equipping them with new technologies to boost their confidence, finance minister Nirmala Sitharaman said on Tuesday. She was addressing a gathering of Flo, the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Bengaluru. «Because of government programmes, today the aptitude for innovative activities is not just the purview of women in metropolitan areas, but also in remote regions across the country,» she said.

Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was responding to a query on American tech billionaire Elon Musk postponing his meeting with Prime Minister Narendra Modi. «Policies have been made to attract investments. We want manufacturers and investors to come and produce not just for India but also for exports. We will try to attract manufacturers and investors through policies,» she told reporters. Tesla CEO Musk on Saturday said his visit to India has been delayed due to the company's heavy obligations.

HindustanTimes, she said, “We still have to do a lot of consultation with stakeholders and see what is it that we have to do to make or bring in a framework which will be acceptable to all, primarily retain the level of transparency and completely remove the possibility of black money entering into this." She did, however, added that the Union government has not yet decided whether to seek a review of the ruling made by the Supreme Court (SC). She added, “What the current scheme which has been just thrown out by the Supreme Court brought in was transparency.

Nirmala Sitharaman said challenges to the Indian economy may be mounting and the country will have to be ready to respond with the kind of agility that it did after the Covid-19 pandemic and soon after the Russia-Ukraine war started. The authorities are keeping a watch and the chief economic adviser is looking at various indications of what could be coming, she said in an interview. Tesla chief Elon Musk's impending visit to meet Prime Minister Narendra Modi is a recognition of the high-tech manufacturing ecosystem that's been established in India by top companies, she said. Sitharaman said everything in the BJP's manifesto is clearly worked out with a sense of responsibility that taxpayers' money should be used efficiently.

India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will «remain alert», Finance Minister Nirmala Sitharaman said on Thursday. «Can't say that we are fully ready. As developments unfold, we are preparing to take adequate steps in India's interests,» Sitharaman told the CNBC Awaaz news channel in an interview. The conflict has not yet significantly impacted global oil prices. However, any escalation of tension in the oil-rich middle east could raise India's oil import bill. India is the world's third biggest oil importer, and ships in about 85% of its oil needs from overseas.

BJP, whose 2019 poll record resembled an almost wipe-out, hinting at a more assertive north-south divide in case the saffron party returns to power for its third straight term. However, the poll of opinion polls by NDTV says the BJP might be able to bag two seats in Tamil Nadu, where Prime Minister Narendra Modi made a staggering 10 visits in the past eight weeks. The five southern states of Tamil Nadu, Karnataka, Andhra Pradesh, Kerala, and Telangana, and the union territories of Puducherry and Lakshadweep, constitute India’s most economically prosperous region, according to an Al Jazeera report.

As party manifestos go, the Bharatiya Janata Party’s (BJP) manifesto for the upcoming general elections is fairly standard, with promises about its plans if re-elected. However, what stands out in this year's BJP manifesto is its significant emphasis on the civil aviation sector, which is mentioned 11 times in the 76-page document.