Nirmala Sitharaman News

threat email accessed by ABP news read: "We have planted 11 bombs in different locations in Mumbai. RBI along with private sector banks have executed the biggest scam in the history of India. The scam involves RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, some of the top banking officials and some renowned ministers of India." ALSO READ: Delhi's Amrita School gets bomb threat via e-mail; nothing suspicious found yet The Mumbai Police said, “A total of 11 bomb threats were made at 11 places in Mumbai." Moreover, the email also mentioned the location where three bombs were plants.

delay in the forecast on the amount of heavy rainfall that occurred last week, the Regional Meteorological Centre here said it has world-class equipment and because of warning issued huge loss of lives was prevented when cyclones like Vardah, Michaung crossed the Eastern coast. Tamil Nadu Chief Minister M K Stalin and a host of leaders from the ruling DMK had claimed that the India Meteorological Department failed to predict the accurate amount of rainfall in its forecast for the southern districts which faced 'historic' rains last week leading to severe flooding.

₹7 trillion worth of bad debt in five years between 2019 and 2023. Also, against ₹6.5 trillion worth of stuck assets, ₹ 94,000 crore or a mere 15% was recovered in 2023, with more than half of the recovered amount coming through the IBC route. The finance ministry’s concerns on rising cases of pendency under IBC comes after the Reserve Bank of India batted for early settlement of bad loans and also recently directed banks to tighten their lending norms and avoid any form of exuberance to make lending sustainable and prevent built up NPAs.

Tamil Nadu government's claim of a delay in issuing warning over rainfall in the state by IMD, Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday said the Regional Meteorological Centre (RMC) in Chennai is a state-of-the-art facility and it had forecast heavy rains in the southern state well in advance. She said this in response to the charge by Chief Minister M K Stalin that India Meteorological Department (IMD) had failed to issue timely warnings about the extreme rainfall that battered Tuticorin, Kanyakumari, Tirunelveli, and Tenkasi districts. Attacking the DMK government, Sitharaman sought to know what kind of measures it took when the weather office predicted heavy rainfall.

AMC Repo Clearing, the tri-party repo company the Finance Ministry launched in July, has waived transaction charges for three months and is set to increase the size of orders on its platform as it looks to draw in more participants in India's relatively shallow corporate bond market. «They (the AMC Repo) have waived the transaction charges for three months starting from December 11 for tri-party repos in corporate debt securities and there is a plan to increase the size of orders from ₹50 crore at present to ₹200 crore going ahead,» a source aware of the developments said. «By increasing the order size it brings down operational costs because an entity which wishes to execute a deal worth ₹200 crore for example will not have to pay multiple transaction costs,» the source said. AMC Repo's officials did not comment on the matter. Finance Minister Nirmala Sitharaman had on July 28 launched the Tri-party Repo in corporate bonds offered by the AMC Repo, which is focused on establishing a market for short-term borrowing against corporate debt. The operationalisation of the firm is a step towards the government's long-standing aim of deepening the corporate bond market. A tri-party repo is a type of contract that includes a third party which acts as an intermediary between two entities looking to lend and borrow funds through a repo operation.

₹50,000 crore more fund under SWAMIH to complete stalled housing projects across the country, saying this will benefit consumers as well as the industry. The National Real Estate Development Council (NAREDCO) has suggested the finance ministry to come up with a second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with ₹50,000 corpus in the upcoming Union budget for 2024-2025 fiscal year. In 2019, the Centre had created SWAMIH fund to complete stalled projects.

Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for Goods and Services Tax (GST) registration can be looked into by the GST Council; however, she added that most small businesses ideally should be part of the GST chain. While replying to a discussion on the Central Goods and Services Tax (Second Amendment) Bill, 2023 in Rajya Sabha, Sitharaman also took note of the requests from Parliamentarians for setting up a national appellate authority for advance ruling as provided for in GST law.

World Bank Group has set up a task force to study recommendations of the Independent Expert Group (IEG) on reform of multilateral development banks, set up under India's G20 presidency. This was conveyed by World Bank president Ajay Banga to Union finance minister Nirmala Sitharaman on Wednesday.

three contentious Bills replace the Indian Penal Code of 1860, Code of Criminal Procedure (CrPC) of 1973 and Indian Evidence Act, of 1872. Amit Shah is expected to give reply to the debate on these three Bill later in the day, news agency ANI reported. The three Bills to replace the existing criminal laws in India were tabled for consideration and passing in the Lok Sabha even as 95 Opposition MPs remain suspended from the Lower House.

Lok Sabha on Tuesday passed a Bill that seeks to give immediate effect to the changes in customs and excise duties announced in the Budget. The House after a brief discussion on the Provisional Collection of Taxes Bill 2023, passed the Bill by voice vote.

Nirmala Sitharaman will present the Union Budget 2024 on February 1 next year. It will be an interim Budget as the elections for the Lok Sabha are due early next year. The full Budget for FY25 will be presented after the formation of the new government.

Halal ban? ‘There’s no decision…', says Amit Shah in poll-bound Telangana "The Hindu way of slaughter is jhatka. Whenever Hindus perform 'bali' (animal sacrifice), they do so in a single stroke. As such, they must not corrupt themselves by eating halal meat.

appropriation bill will be in focus amid the divide between the Treasury and Opposition benches over the issue of security breach in the Lok Sabha. The government has listed Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Bill for consideration and passage in the Lok Sabha on Monday. They are likely to be moved by Union home minister Amit Shah. The appropriation bill is likely to be moved in the Rajya Sabha by Union finance minister Nirmala Sitharaman.

GST dues of any state are pending before it and that some state governments have not submitted AG's authenticated certificate for release of their share of funds. The narrative that GST dues are pending from the Centre is not correct and is a «misnomer» as states have not submitted AG's report, Union Finance Minister Nirmala Sitharaman said replying to a supplementary question in Rajya Sabha. «It is important to understand that if the AG's (accountant general) certification is (mandatory)… If the AG's certificate does not reach us, we can not clear,» she said.

Retail inflation is now “stable" and temporary hikes in inflation on a few occasions are due to demand-supply mismatches arising out of global shocks and adverse weather conditions, said Union Finance Minister Nirmala Sitharaman on Monday. India's retail inflation has declined from an average of 7.1% in April-October 2022 to 5.4% in the corresponding period of 2023, said Sitharaman in a written reply to the Lok Sabha.

Sebi) chairperson Madhabi Puri Buch on Friday said the inclusion of Indian sovereign bonds in the global indices would not just help the government raise resources but also deepen the country’s corporate bond market. Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.” “And so we are hoping that down the line, it will be a case of my name is bond. Indian bond,” she added. Finance minister Nirmala Sitharaman had in October said JPMorgan’s decision to include Indian government bonds in its widely tracked emerging market debt index could potentially lead to annual inflows of about $23 billion into the country. JPMorgan will start adding the securities from June 28, 2024 and India will have a maximum weight of 10% on the index. Same-day settlement Buch said Sebi wants to introduce the same-day settlement of trades on the bourses--or the T-plus zero regime--by the end of this fiscal year. The capital markets regulator also aims to move towards the instantaneous settlement regime within 12 months after that.

Nirmala Sitharaman on Thursday said that India's second-quarter growth is the highest in the world, and the country continues to maintain its momentum as the fastest-growing economy. Addressing the Rajya Sabha during the Winter Session of Parliament, Sitharaman asserted that economic activity has been good across sectors. «India's second quarter growth is the highest in the world as India continues to be the fastest-growing economy.

General Elections. Union Finance Minister Nirmala Sitharaman while addressing CII Global Economic Policy Forum 2023 Summit on Thursday, December 7, said that the Union Budget 2024 scheduled to be presented on February 1 is unlikely to make any "spectacular announcements". “I don’t want to be a spoilsport, but the 1st February Budget is just a Vote on Account; a Budget to meet expenditure till the next government comes to power.

Soma Mondal, the former chairperson of SAIL or Steel Authority of India, has been named among World's Most Powerful Women for 2023 by business magazine Forbes, which also features three more Indians. Finance minister Nirmala Sitharaman, HCL Technologies chairperson Roshni Nadar and Biocon founder Kiran Mazumdar-Shaw. The 2023 Power List was determined by four main metrics: money, media, impact and spheres of influence.

Winter Session of Parliament, Union Finance Minister Nirmala Sitharaman will present a statement, in both English and Hindi, outlining the Supplementary Demands for Grants, 2023-24 in the Rajya Sabha. As reported by ANI, “Discussion on short duration notice on the 'Economic Situation in the country', raised by Trinamool Congress MP Derek O'Brien on 5th December to be continued today in the Rajya Sabha." Also Read: Winter session 2023: Discussion to be raised on ‘economic situation in the country’ Meanwhile, Bharatiya Janata Party MP Sumer Solanki and Biju Janata Dal MP Niranjan Bishi will present a copy, available in both English and Hindi, of the Study Visit Report conducted by the Committee on the Welfare of Scheduled Castes and Scheduled Tribes to Havelock Island, Port Blair, Mahabalipuram, and Mumbai from August 24, 2023, to August 29, 2023, to the Rajya Sabha.

Nirmala Sitharaman on Tuesday said the Enforcement Directorate (ED) has confiscated assets worth ₹15,186.64 crore under the stringent Prevention of Money Laundering Act (PMLA) and almost all of these have been restituted to public sector banks. Specific actions through various legal provisions are being taken against defaulters and as a result, “huge monies" are going back to the banks, Sitharaman said in the Rajya Sabha.