Finance Minister
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Budget 2020: Debt increased by 71% in 5 years, address it on Feb 1, Congress tells govt
India | Jan 29, 2020, 05:06 PM ISTCongress spokesperson Gourav Vallabh has hit out at the government saying, "In the last 5.5 years, the country's debt has shown an increasing trend in terms of absolute amount. In March 2014, the total debt was Rs 53.11 lakh crore, whereas in September 2019 the same has increased to Rs 91.01 lakh crore."
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'Kind of system cleaning BJP govt did after assuming office in 2014 unbelievable': Sitharaman
India | Jan 20, 2020, 12:21 PM ISTUnion Finance Minister Nirmala Sitharaman has said the kind of cleaning in the system that the BJP-led government had to carry out after coming to power in 2014 was "unbelievable".
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Union Budget to be presented on Feb 1, Parliament session to commence from Jan 31
Business | Jan 09, 2020, 10:53 AM ISTUnion Budget 2020-2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 as the first phase of budget session will commence from January 31 and remain effective till February 11
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Sitharaman says her name was inadvertently mentioned as head of GoM on IGST
India | Dec 12, 2019, 11:00 PM ISTShe said that while she was meeting states regarding GST compensation issue, "there was a confusion", that Nirmala Sitharaman has withdrawn from a GoM.
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Govt taking steps to control onion prices: Sitharaman
India | Dec 04, 2019, 10:59 PM ISTThe Minister also told MPs the government has also decided to import to procure from the open market of countries with a surplus and from onion-growing regions. She further added steps are being taken for distribution of the onion through open mandis auction .
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Direct tax collection up 5 per cent till November: Sitharaman
Business | Dec 03, 2019, 07:19 AM ISTSitharaman clarified that the objective to reduce corporate tax is only to attract investment, stimulate growth and also to create job opportunities.
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Sitharaman doesn't know economics: Subramanian Swamy
India | Dec 01, 2019, 06:42 AM IST"What is the problem in the country today? Poor demand. Supply is not the problem. But what did she do? She relaxes taxes for corporates. Corporates are flushed with supply. They will just use it," Swamy said.
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No recession in Indian economy: Nirmala Sitharaman
India | Nov 27, 2019, 09:49 PM IST"Every step being taken is in the interest of the country... looking at the economy with discerning view, you see that the growth may have come down, but its not a recession yet or it won't be recession ever," finance minister Nirmala Sitharaman said.
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RCEP: 'Offer not as much as our aspirations', says Sitharaman
Business | Nov 23, 2019, 07:31 PM ISTThe government was making efforts to ensure more regulatory mechanism in the banking sector to benefit bank account-holders, she said in the context of the PMC Bank and IL&FS issues.
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India still projected as fastest growing economy: FM Nirmala Sitharaman
Business | Nov 18, 2019, 04:48 PM ISTIn a written reply, Sitharaman said India's economic growth decelerated but its economy is still the fastest growing among G-20 nations and that the goal of $5 trillion economy will be achieved by 2025.
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Will ensure J&K farmers get fair price on apples: FM
India | Nov 12, 2019, 06:34 PM ISTSitharaman asked NABARD chairman H S Bhanwala to visit Jammu & Kashmir and ensure that farmers there get fair value for premium crops such as apples, saffron, peaches and walnuts grown in the Valley and that the farm produce from the region reaches all parts of the country.
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Nirmala Sitharaman takes crying kids in stride at official function
India | Nov 08, 2019, 03:24 PM ISTThe event was attended by the officers passing out as the 69th batch of IRS (Customs and Central Excise), along with their family members. The proceedings began and a few children in the audience were heard crying, while some talked on, even as the parents tried hard to calm them
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Finance Minister reviews state of economy with RBI, other regulators
Business | Nov 07, 2019, 06:27 PM ISTThe 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
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CBI moves SC seeking review of verdict granting bail to Chidambaram
India | Oct 25, 2019, 08:31 PM ISTThe top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a "flight risk" nor is there a possibility of "his abscondence from the trial".
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Finance Minister to meet CEOs of PSU banks on Monday
Business | Oct 13, 2019, 11:51 AM ISTThe meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.
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Spoken to RBI guv, PMC bank customers' concerns will be addressed: FM
Business | Oct 12, 2019, 04:19 PM ISTThe bank was put under "directions" by the Reserve Bank of India (RBI) last month due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000.
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7th Pay Commission: 11 lakh Railway employees to get 78 days of bonus
Business | Sep 19, 2019, 03:45 PM IST7th Pay Commission: In great news, Cabinet on Wednesday approves 78 days of bonus for Indian Railways employees, under 7th Pay Commission recommendation, said Union Minister Prakash Javadekar on Wednesday. According to reports, Rs 2024 crore will be spent on this exercise and around 11 lakh employees will be benefited.
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Ball in Finance Minister's court over GST rate cut for automobiles: Nitin Gadkari
India | Sep 11, 2019, 07:56 PM ISTThe Road Transport and Highways Minister also said a scrappage policy, which also includes two-wheelers, is in the works and will be launched soon.
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Finance Minister to list govt actions in 100 days amid low macro stats
India | Sep 10, 2019, 01:28 PM ISTShe will address media on "Furthering Development -- 100 days of bold initiatives, decisive actions of the government".
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What lower GDP means for you and me?
Business | Aug 31, 2019, 12:05 AM ISTIllustrating the impact of lower GDP growth, R. Nagraj, professor of economics at Indira Gandhi Institute of Development Research, said that given per capita monthly income of Rs 10,534 in 2018-19, annual GDP growth of 5% means that the per capita income will go up by Rs 526 in FY20.