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Nirmala Sitharaman

Nirmala Sitharaman

Finance Minister Reviews PSBs' Performance Amid Stress In US Finance System; Asks Bankers To Be Vigilant About Rate Risks

During the PSB review meeting, she emphasised that the banks should undertake due diligence and adhere to the regulatory framework by focusing on risk management and diversification of deposits and assets base

26 March 2023

Nirmala Sitharaman

Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments; Makes Way For GST Appellate Tribunal

As per the amendments proposed in the Finance Bill 2023,Lok Sabha on Friday, benches of the GST Appellate Tribunal would be set up in every state while there will be a principal bench in Delhi which will hear appeals related...

24 March 2023

Nirmala Sitharaman

Finance Minister Proposes Panel To Look Into Issues Related To Govt Employees' Pension

Finance Minister Nirmala Sitharaman has proposed the formation of a committee to address the issues related to pension for government employees while maintaining fiscal prudence, during the consideration and passage of the...

24 March 2023

Nirmala Sitharaman

Finance Minister Nirmala Sitharaman To Meet Chiefs Of PSU Banks On Saturday

This is the first full review meeting after the presentation of Budget 2023-24

25 March 2023

Finance Bill 2023: Govt To Look Into Pension Issue, Bring Tax On Credit Card Payments For Foreign Trips Under LRS 

Union Finance Minister Nirmala Sitharaman said the government is considering several representations concerning pension, bringing tax collection at source for credit card payments for foreign trips under the Liberalised...

24 March 2023

Nirmala Sitharaman

Amid Global Banking Crisis, FM Nirmala Sitharaman Calls Meeting Of State-Owned Lenders: Report

Owing to the global banking crisis, the finance minister will reportedly also assess the performance of public sector banks (PSBs) besides their capital requirements

23 March 2023

Individual Taxpayers With Income Marginally Over Rs 7 Lakh To Get Relief Under New Tax Regime

Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. Income between Rs 3-6 lakh would be taxed at 5 per cent; Rs 6-9 lakh at 10 per cent, Rs 9-12 lakh at 15 per cent, Rs 12-15 lakh at 20 per...

24 March 2023

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No Direction On Loading Rs 2,000 Notes In ATMs: Finance Minister Nirmala Sitharaman

RBI in consultation with the government has announced various measures recently to diversify and expand the sources of forex funding to mitigate exchange rate volatility and global spillovers

20 March 2023

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09 March 2023
India Imposes Anti-Money Laundering Provisions On Cryptocurrencies

India Imposes Anti-Money Laundering Provisions On Cryptocurrencies

The government has imposed anti-money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets


05 March 2023
Govt Not In 'Crazy Rush' To Sell Everything: FM Nirmala Sitharaman

Govt Not In 'Crazy Rush' To Sell Everything: FM Nirmala Sitharaman

Speaking at the Raisina Dialogue, the minister said that the country will have government-owned professionally run companies in four broad strategic sectors


04 March 2023
These Central Govt. Employees Get One-Time Option To Return To Old Pension Scheme

These Central Govt. Employees Get One-Time Option To Return To Old Pension Scheme

The Centre has extended a one-time opportunity to select government employees to switch from the new pension scheme to the old pension scheme. But once opted,...


01 March 2023
Sikkim Has Risen Beyond Tourism, Organic Products Making Mark Globally: Sitharaman

Sikkim Has Risen Beyond Tourism, Organic Products Making Mark Globally: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday was addressing a programme organised by NABARD and the banks in the state at the Chintan Bhawan


28 February 2023
Industry Asks Government To Make Vivad Se Vishwas Scheme Attractive For MSMEs

Industry Asks Government To Make Vivad Se Vishwas Scheme Attractive For MSMEs

In December, Commerce and Industry Minister Piyush Goyal introduced in the Lok Sabha the Jan Vishwas (Amendment of Provisions) Bill, 2022 to decriminalise...


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27 February 2023
Identity Of Sikkimese People Intact: Sitharaman

Identity Of Sikkimese People Intact: Sitharaman

On Monday, Union Finance Minister Nirmala Sitharaman said the identity of Sikkimese people is intact as the Supreme Court has expunged its remark that they are...


26 February 2023
G20 Nations Agree On The Language To Deal With Debt Vulnerabilities

G20 Nations Agree On The Language To Deal With Debt Vulnerabilities

The G20 Chair's Summary and Outcome Document issued after the meeting of the G20 Finance Ministers and central bank governors (FMCBG) meetings said the...


25 February 2023
Nirmala Sitharaman Seeks Multilateral Coordination To Tackle Debt Vulnerabilities

Nirmala Sitharaman Seeks Multilateral Coordination To Tackle Debt Vulnerabilities

The minister was speaking at the first session of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting on international financial architecture,...


23 February 2023
Finance Minister Holds Bilateral Meetings With G-20 Ministers, Pitches For Global Framework To Regulate Crypto

Finance Minister Holds Bilateral Meetings With G-20 Ministers, Pitches For Global Framework To Regulate Crypto

The minister so far has held separate bilateral meetings with the US Treasury Secretary Janet Yellen, Finance Minister of Japan Shunichi Suzuki, and Italian...


23 February 2023
Measures Announced In Budget To Promote Jobs, Spur Economic Growth: Finance Ministry

Measures Announced In Budget To Promote Jobs, Spur Economic Growth: Finance Ministry

The 2023-24 Budget has yet again provided a capex stimulus to growth by increasing the Centre's capex budget to Rs 10 lakh crore -- 33 per cent higher than the...


23 February 2023
Sitharaman, US Treasury Secretary Yellen Discuss Crypto, Global Debt Vulnerabilities

Sitharaman, US Treasury Secretary Yellen Discuss Crypto, Global Debt Vulnerabilities

The deliberations were held on the sidelines of the first meeting of the G20 finance ministers and central bank governors here under the G20 India Presidency


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23 February 2023
Nirmala Sitharaman Meets US Treasury Secretary Janet Yellen Ahead Of Key G20 Meeting In Bengaluru

Nirmala Sitharaman Meets US Treasury Secretary Janet Yellen Ahead Of Key G20 Meeting In Bengaluru

While at the G20 in India, Yellen will join with allies in holding Russia accountable for its illegal invasion of Ukraine, and partner with countries to...


23 February 2023
Nirmala Sitharaman Meets US Treasury Secretary Janet Yellen Ahead Of Key G20 Meeting In Bengaluru

Nirmala Sitharaman Meets US Treasury Secretary Janet Yellen Ahead Of Key G20 Meeting In Bengaluru

According to the Ministry of Finance, the Italian Finance Minister extended his full support for a successful G20 India Presidency in 2023.


23 February 2023
Sitharaman To Attend First G20 Finance Ministers' Meeting Under India Presidency On Friday

Sitharaman To Attend First G20 Finance Ministers' Meeting Under India Presidency On Friday

Around 500 foreign delegates have gathered in Bengaluru for the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting


22 February 2023
If Congress Again Forms Govt In Rajasthan, Schemes Will Be Further Strengthened: Ashok Gehlot

If Congress Again Forms Govt In Rajasthan, Schemes Will Be Further Strengthened: Ashok Gehlot

Ashok Gehlot, Rajasthan's chief minister, announced Wednesday that the Congress would strengthen existing health insurance schemes if reelected.        ...


21 February 2023
Finance Ministry Puts Income Tax Calculator Live On Income Tax Department Portal

Finance Ministry Puts Income Tax Calculator Live On Income Tax Department Portal

An Income-tax calculator is an online tool that helps to evaluate taxes based on a person’s income based on Union Budget 2023-24 announcement


20 February 2023
Govt Taking Steps To Control Inflation, Will Continue To Focus On It: Sitharaman

Govt Taking Steps To Control Inflation, Will Continue To Focus On It: Sitharaman

When asked whether Budget 2023-24 would bring down inflation, Sitharaman said: "The government is taking a lot of steps to control inflation and will continue...


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