Tag: Nirmala Sitharaman

Moody’s Ratings: Increase in FDI limit in insurance sector to woo more foreign players

February 4, 2025 admin

Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Increasing foreign investment limit in the insurance sector to 100% from 74% is likely to attract more global players in the growing Indian insurance market, Moody’s Ratings said on Tuesday (February 4, 2025). Additionally, strong premium growth is expected to boost profitability of the…

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“Asset Monetisation Not Substitute For Disinvestment”: Nirmala Sitharaman On NDTV

February 2, 2025 admin

New Delhi: Finance Minister Nirmala Sitharaman, who presented the Union Budget yesterday, clarified that the asset monetisation plan is not a substitute to disinvestment. Speaking to NDTV Editor-in-Chief Sanjay Pugalia on Sunday, Ms Sitharaman said, “Asset monetisation is not a substitute for disinvestment. Asset monetisation has been going on and will continue. In the 2nd…

Nation

Customs Benefit To Tesla, Harley To Counter Trump Tariff? N Sitharaman Says…

February 2, 2025 admin

New Delhi: Finance Minister Nirmala Sitharaman said the Centre has introduced custom duty rationalisation to ensure the Indian economy becomes aatmanirbhar (self-reliant). Ms Sitharaman was responding to NDTV’s Sanjay Pugalia on whether the budgetary announcement of reducing custom duty for many automobiles, which will benefit companies like Tesla and Harley Davidson, is a signal amid…

Nation

Buggana slams TDP for failing to get due share in Budget

February 2, 2025 admin

A file image of Buggana Rajendranath Reddy | Photo Credit: The Hindu The YSR Congress Party has slammed Chief Minister N. Chandrababu Naidu for not mounting pressure on the Centre to get more sops to the State and letting go of the advantage to Bihar State. Speaking to the media in Kurnool on Saturday (February…

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Union Budget caters to every section of society, says Odisha CM Mohan Majhi

February 2, 2025 admin

A file image of Odisha Chief Minister Mohan Charan Majhi | Photo Credit: ANI Calling the Union Budget historic, Odisha Chief Minister Mohan Majhi on Saturday (February 1, 2025) said it is intended for every section of the society such as farmers, daily wage earners, middle class, employees, women, youth and students. “The Union government…

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Union Budget 2025: Double allocation for employment generation scheme

February 2, 2025 admin

Image for representative purpose | Photo Credit: Getty Images/iStockphoto Union Finance Minister Nirmala Sitharaman said the New Employment Generation Scheme, formulated to support employment generation across the country, will receive ₹20,000 crore. For the Labour Ministry, the allocation has been increased from ₹18,307.22 crore in the Revised Estimates (RE) of 2024-25 to ₹32,646.19 crore in…

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Union Budget 2025: A clear road map for Viksit Bharat

February 1, 2025 admin

Kumar Mangalam Birla, Chairperson, Aditya Birla Group, says the Budget also focuses on power sector revitalisation, particularly in electricity distribution and intra-State transmission. | Photo Credit: The Hindu Finance Ministers face a perennial balancing act when crafting Budgets. They must articulate the government’s broader policy vision while maintaining fiscal discipline — a task that is…

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Union Budget 2025: Tax bonanza for middle class

February 1, 2025 admin

If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday (February 1, 2025) with her Union Budget for 2025-26 — jumpstart…

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Union Budget 2025: Sitharaman proposes many reforms to lift investor mood

February 1, 2025 admin

Union Fianance Minister Nirmala Sitharaman addresses the media on Budget at National Media Centre, in New Delhi on February 1, 2025 | Photo Credit: Sushil Kumar Verma Union Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) proposed several financial sector reforms to ease compliance, expand services, build robust regulatory environment, promote international and domestic…

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Union Budget 2025: What’s in it for Defence sector

February 1, 2025 admin

Union Budget 2025: What’s In It For Defence sector The total allocation to the Defence Ministry for 2025-26 stood at ₹6,81,219 crore which represents a year on year increase of 9.53% and constitutes 13.45% of the Union Budget, the highest among the Ministries. | Video Credit: The Hindu The capital allocation for the Defence Ministry…

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