Nirmala Sitharaman

November 16, 2024 9:28 AM

FM Nirmala Sitharaman congratulates Tulsi Gabbard on appointment as U.S. Director of National Intelligence

Union Finance Minister Nirmala Sitharaman extended her congratulations to Tulsi Gabbard on her appointment as the Director of National Intelligence (DNI) in the United States. In a post on X, Sitharaman praised Gabbard’s service and dedication, saying, "Congratulations @TulsiGabbard on being selected to serve as Director of National Intelligence. For 21 years, you served the USA as a soldier, becoming a Lt. Colonel in the Army Reserve. In my few interactions with you, I have been impressed by...

October 26, 2024 9:02 AM

Nirmala Sitharaman highlights Global South’s role in shaping multilateral development banks

Union Finance Minister Nirmala Sitharaman underscored the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference, stressing the importance of diverse voices in decision-making for a more inclusive global development framework. Sitharaman made these remarks during the Development Committee Plenary session on “A Future-Ready World Bank Group” at the 2024 World Bank Annual Meetings in Washington, DC. In her intervention at th...

October 21, 2024 9:06 AM

Finance Minister Nirmala Sitharaman lands in US after concluding Mexico visit

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, arrived in the United States and received a warm welcome at Newark Liberty International Airport on Sunday (local time). India's Ambassador to the United States, Vinay Mohan Kwatra, and Consul General of India in New York, Binaya Srikanta Pradhan, welcomed Sitharaman, following her arrival from Mexico City. Notably, Sitharaman was in Mexico from October 17 to October 20, where she interacted with political and business leader...

October 19, 2024 9:57 AM

Nirmala Sitharaman invites Mexican investors to explore opportunities in India’s GIFT-IFSC and Global In-House Capability Centers

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Saturday invited Mexican investors to explore opportunities in India's Global In-House Capability Centers (GICCs), aircraft leasing, ship leasing, and even foreign university setups at GIFT-IFSC, which is emerging as a global hub for reinsurance and sustainable finance. The Finance Minister participated in the India-Mexico Trade and Investment Summit, marking a significant step towards enhancing bilateral trade and invest...

October 18, 2024 9:18 AM

Mexico: Finance Minister Sitharaman chairs Tech Leaders Roundtable in Guadalajara

Union Finance Minister Nirmala Sitharaman chaired Tech Leaders Roundtable at the Chamber of Commerce in Mexico's Guadalajara and held discussions on 'Strengthening Technological Cooperation between India and Mexico.' The roundtable on Thursday was organised by the Mexican Association of the Information Technology Industry and Tata Consulting Services in collaboration with the Embassy of India in Mexico and Department of Economic Affairs. According to Ministry of Finance, the meeting was aimed ...

September 28, 2024 5:32 PM

Finance Minister Sitharaman meets Bukhara Governor, says India has a lot to offer to Uzbekistan

Finance Minister Nirmala Sitharaman, currently on a five-day visit to Uzbekistan, met with Botir Zaripov, the Governor of Bukhara city, on Saturday. During the meeting, she emphasized the importance of strengthening tourism and people-to-people ties between India and Uzbekistan. Sitharaman said that India has much to offer Uzbekistan, particularly to its young population, who could leverage development solutions from Indian startups through enhanced bilateral collaboration. The Ministry of Fina...

September 16, 2024 3:26 PM

GST rates slashed for certain cancer drugs, namkeens, shared helicopter service

In its meeting on Monday, the Goods and Services Tax (GST) Council announced several key decisions aimed at reducing tax burdens across various sectors. To alleviate the financial strain of cancer treatment, the Council slashed GST rates on certain cancer drugs from 12% to 5%. The drugs benefiting from this reduction are Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. The food industry also saw relief as the GST rate on namkeens and savoury items was reduced from 18% to 12%, effective pro...

August 18, 2024 9:42 AM

FM Nirmala Sitharaman to meet PSU Banks, RRBs heads for performance review on August 19

Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). This meeting aims to evaluate key financial metrics and the effectiveness of various government schemes, ensuring that these financial institutions are aligned with the economic goals. The morning session of the review meeting is dedicated to the evaluation of the Public Sector Banks fr...

September 16, 2024 4:29 PM

Nirmala Sitharaman to speak on Finance Bill later today, before its passage in Lok Sabha

Union Finance Minister Nirmala Sitharaman is scheduled to address the Lok Sabha today at approximately 4 PM, responding to discussions on the Finance Bill. This follows the House's passage of the Appropriation Bill for the central government's 2024-25 expenditure on Monday. The 2024-25 Union Budget, presented by Sitharaman on July 23, outlines several key economic measures. The fiscal deficit target has been set at 4.9% of GDP, with plans to reduce it below 4.5% by 2025-26. The capital expendit...

September 16, 2024 5:19 PM

Government boosts Northeast railway development with Rs 10,376 crore allocation

The Indian government has announced a significant investment of Rs 10,376 crore for railway development in the northeastern region, as revealed by Union Railway Minister Ashwini Vaishnaw during a press conference in Delhi on Wednesday. In addition to this substantial allocation, Vaishnaw disclosed plans to revamp 60 railway stations in the northeast, transforming them into "Amrit Stations" as part of a broader modernization initiative. "For the entire northeastern region this year, an allocati...