Nirmala Sitharaman News

Nirmala Sitharaman on Sunday said women entrepreneurs are accorded first priority under the Centre's flagship Pradhan Mantri Mudra Yojana scheme which offers financial assistance to beneficiaries.Distributing sanction letters to beneficiaries under the PM SVANidhi Se Samriddhi programme which offers loans to street vendors, here, she said officials of the municipalities should identify the uncovered street vendors and help them avail benefits of this scheme. SVANidhi Se Samriddhi is an additional component of the PMSVANidhi scheme to facilitate access to eight Central government schemes to eligible PM SVANidhi beneficiaries and their family members for their holistic development and socio-economic upliftment.

R Ashoka was on Friday elected Opposition leader of the Karnataka Assembly after the party delayed a decision for six months. Former Chief Minister Basavaraj Bommai proposed his name, while other MLAs endorsed the choice. Union Finance Minister Nirmala Sitharaman and BJP national general secretary Dishyant Kumar Gaurav attended the meeting as central observers, while BJP veteran leader BS Yediyurappa also participated. Two MLAs ST Somashekar and Shivarama Hebbar, however, skipped the meeting.

Nirmala Sitharaman said on Thursday that biometric-based Aadhaar authentication through Goods and Services Tax (GST) Seva Kendras have been approved for Andhra Pradesh. This will streamline the GST registration process and improve security, she said.

Nirmala Sitharaman said on Wednesday. Terming the IMEC as one of the most promising connectivity projects, Sitharaman said it will be a win-win situation for all states involved as it enhances transportation efficiency, reduces logistic costs, increases economic unity, generates employment, and lowers Greenhouse Gas emissions, contributing to a cleaner, safer, better world.

₹14,483 crore ($1.74 billion) for FY25," Sitharaman said. The proposed IMEEC project, which was signed during the G20 leaders summit in New Delhi in September, faces various challenges, including the conflict in Israel.

R Madhavan took to social media platform to thanks the Income Tax department for quick refund. «The income tax refund for our company was received within 3 weeks after filing of return for AY 2023-24. The speed and promptness is simply unheard of ..The efficiency and transparency of the income tax department is unbelievable,» he said in a post.

Nirmala Sitharaman attacked Priyanka Gandhi on her charge that the BJP government in Madhya Pradesh is giving 21 freebies to woo voters and has failed to protect women as 17 rapes take place in the state every day, saying she is silent on the atrocities against them in Rajasthan where Congress is in power. She also alleged that Congress discontinued 51 central schemes in the state in the 15 months it was in power from 2018. In a press interaction here, the finance minister batted for BJP governments at the Centre and in states for smooth implementation of welfare schemes.

Vijayendra Yediyurappa son of former Karnataka Chief Minister BS Yediyurappa has been appointed as the BJP’s state unit president. Vijayendra sitting MLA in the Karnataka state assembly replaces Nalin Kumar Kateel whose term has been over for several months but he was continuing as BJP’s Karnataka state unit president. The announcement was made on Friday evening by the BJP’s national general secretary Arun Singh. This appointment came after much delay, as the BJP appeared in indecisive mode after it suffered massive defeat in the Karnataka assembly polls.

Nirmala Sitharaman on Thursday termed Bihar Chief Minister Nitish Kumar's remarks on women in the state assembly as «shameful». Kumar, the longest serving chief minister of the state, while emphasising the importance of education among women to control the population, on Tuesday put forward a vivid description in the state assembly of how an educated woman can restrain her husband during sexual intercourse.

₹12.5 trillion to develop infrastructure projects in the year starting 1 April, building on substantial increases in recent years to spur economic growth, two people with direct knowledge of the matter said. The government stepped up its capex budget in recent years to improve India’s creaking infrastructure, create jobs and accelerate economic growth. It budgeted ₹10 trillion to develop infrastructure in the current fiscal year, marking a 37% increase from the previous year, with growth rates of 24% in FY23 and 40% in FY22.

India and Sri Lanka must further bolster bilateral ties and explore policy options to minimise risks and volatility emanating from global economic and political developments, finance minister Nirmala Sitharaman has said, as she exhorted businesses to lead the efforts towards greater economic integration between the two countries. She suggested that Sri Lanka explore the feasibility of widening its economic basket from just tourism and tea to focus on sectors like pharmaceuticals and renewable energy, according to a post by the Indian finance ministry on X (formerly Twitter).

Finance Minister Nirmala Sitharaman on Friday appreciated the State Bank of India (SBI) for becoming the first foreign bank in Sri Lanka to successfully launch a pathbreaking direct Sri Lankan Rupee-Indian Rupee trade. Sitharaman, who is on a three-day official visit to the crisis-hit island nation, along with P.S.M. Charles, the Governor of Northern Province, inaugurated the second SBI branch in Jaffna.

NEW DELHI : Finance minister Nirmala Sitharaman backed the need for improved bilateral trade relations between India and Sri Lanka at a time when multilateral tie-ups were not working, and said that the country should look at opportunities for regional currency arrangements, food and energy security, in order to protect the country’s economy and prevent forex driven crisis. "Global multilateral treaties are now receding. It is not happening.

Nirmala Sitharaman on Thursday said that the global multilateral treaties are now receding. She also said that there is clear interest in having bilateral arrangements in regional currencies. Speaking at the India-Sri Lanka Business Summit in Colombo, Sitharaman said: “Global multilateral treaties are now receding.

Nirmala Sitharaman on Thursday said India and Sri Lanka have made good progress in negotiations on the proposed Economic and Technology Cooperation Agreement, and the Unified Payments Interface (UPI) payment system will soon be launched in the island nation. Speaking at an event to commemorate the 200th anniversary of the arrival of Indian-origin Tamils in Sri Lanka, Sitharaman said both nations are further «deepening our civilisation ties» with connectivity as the new focus area. «As we enhance connectivity between our two countries, we build enduring bridges of experiences and opportunities for our peoples.

The government’s decision to permit direct overseas listing of some Indian entities might need more follow-up action since the latest measures will not drive local firms to chalk out foreign listing plans, reported Business Standard quoting experts.

GST) revenue hit ₹1.72 trillion in October, the second-highest since the rollout of this indirect tax regime. The average monthly GGST collection during the first half of 2023-24 has been ₹1.65 trillion, which has become a new benchmark. This monthly revenue figure has been tracked in recent years as an indicator of economic growth.

reported that the union government is planning to allow Indian companies to list overseas directly. Speaking at an event in Mumbai, the finance minister Nirmala Sitharaman said the government has decided to allow companies to list at the International Financial Services Center (IFSC) GIFT City to start with before expanding this to other countries.

group of ministers (GoM) to look into the regulatory framework for the gaming industry and consider other issues impacting the sector. The GoM will likely include home minister Amit Shah, finance minister Nirmala Sitharaman, IT minister Ashwini Vaishnaw and information and broadcasting minister Anurag Thakur as members, ET has learnt.

Nirmala Sitharaman on Monday said that customs authorities across the globe should share “actionable” information among themselves to curb the network of illicit trade which is hurting the global economy. She added that there is a need for intergovernmental cooperation to crack the masterminds behind smuggling networks else authorities will be able to catch small fishes only. «I place a lot of emphasis on intergovernmental coop, along with WCO (World Customs Organisation), so that we are able to crack the brains behind it (smuggling), the masterminds behind it, with the help from local authorities and governments,» Sitharaman said in her address at Global Conference on Cooperation in Enforcement Matters. The conference organised by the Directorate of Revenue Intelligence, aims at creating an information network and share information to block the international chain of illicit trade. She added that exchange of information and global cooperation was one of the issues discussed during India’s G20 presidency and she proposed that global enforcement agencies must meet once in a year to discuss among themselves the measures to handle it. «Networked groups think that small fries can be sacrificed, police or customs authorities can catch hold of this small fish, the larger fish, which is the brain behind, is never going to be caught,» Sitharaman added. Sitharaman also said that the nature of smuggled or illegally traded goods has not changed over the last 50-60 years and it continues to be precious metals, narcotics, precious reserves from forest or marine life. «So largely the goods which are illegally traded remain the same. There are no newer areas on which the customs authorities are baffled.

NEW DELHI : The government plans to review the list of state-run banks slated for privatization amid improved profitability and a significant drop in non-performing loans. A new panel with representatives from the finance ministry, NITI Aayog and the Reserve Bank of India (RBI) is being considered to draw a fresh list of candidates for privatization, two people close to the matter said on condition of anonymity. In the 2021-22 budget, finance minister Nirmala Sitharaman announced plans to privatize two state-run banks, along with IDBI Bank and a general insurance company in the fiscal year.