Tag: Nirmala Sitharaman

India’s external debt-service ratio at 5.3% within comfort zone, says Finance Minister

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India’s external debt-service ratio at 5.3% within comfort zone, says Finance Minister

Union Finance Minister Nirmala Sitharaman addresses the media during a press conference on G-20 Leaders’ Summit. File. | Photo Credit: ANI India’s external debt of $624.7 billion at March-end 2023 with a debt-service ratio of 5.3% is within the comfort zone and modest from a cross-country perspective, Finance Minister Nirmala Sitharaman has said. In her…

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Business

Nirmala Sitharaman, US Treasury Secretary Janet Yellen Discuss G20 Priorities

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Nirmala Sitharaman, US Treasury Secretary Janet Yellen Discuss G20 Priorities

Nirmala Sitharaman and Janet Yellen discussed key G20 priorities. New Delhi: Finance Minister Nirmala Sitharaman on Friday held a bilateral meeting with US Treasury Secretary Janet Yellen and discussed G20 priorities. The bilateral meeting took place a day ahead of the G20 Leadership Summit beginning on Saturday in Delhi. Union Finance Minister Smt. @nsitharaman and…

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Nation

Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

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Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

Nirmala Sitharaman asked banks, financial institutions to ensure customers update nominees Mumbai: Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. “I want the banking system, the financial ecosystem including the mutual funds, stock markets…

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Business

GST Council sticks to its guns, imposes 28% tax on online gaming 

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GST Council sticks to its guns, imposes 28% tax on online gaming 

Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023. | Photo Credit: PTI The GST Council on August 2 blinked a little on technicalities and kept the door open for…

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Business

Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

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Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

Union Finance Minister Nirmala Sitharaman. | Photo Credit: Kamal Narang Finance Minister Nirmala Sitharaman on July 29 said the focus of the government is on four Is — infrastructure, investment, innovation and inclusiveness — to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime…

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Business

Govt. to consider PLI scheme for chemicals and petrochemicals industry: Finance Minister Nirmala Sitharaman

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Govt. to consider PLI scheme for chemicals and petrochemicals industry: Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 27 said the government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, she said,…

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Business

Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked

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Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked

Union Minister for Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya addresses a press conference on Cabinet Decisions, in New Delhi on June 28, 2023. | Photo Credit: PTI The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth)…

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Business

Finance Bill 2023 was approved with amendments. Here are the highlights

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Finance Bill 2023 was approved with amendments. Here are the highlights

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during Budget Session of Parliament, in New Delhi on March 24, 2023. | Photo Credit: PTI The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27. Moving amendments to the Finance…

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Business

Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

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Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur on February 20, 2023. | Photo Credit: PTI The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance…

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