Nirmala Sitharaman

October 30, 2026 10:06 PM

Government Constitutes High-Level Committee on Banking for Viksit Bharat

The Government of India has constituted a High Level Committee on Banking for Viksit Bharat to review the country’s banking sector and recommend structural, institutional, regulatory and legislative reforms to make it globally competitive, financially inclusive and resilient for Viksit Bharat, 2047. Union Minister of Finance and Corporate Affairs Nirmala Sitharaman had announced the setting up of the Committee in her Budget speech 2026-27. Suresh N. Patel, former Central Vigilance Commission...

October 26, 2026 6:06 PM

Centre committed to reducing fiscal deficit: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said the Centre is committed to reducing the fiscal deficit, as evidenced by the annual budgets, stressing that the national debt will be limited to 50 per cent of the GDP by 2030. Addressing concerns about the national debt, she said that since the post-COVID period, every nation has faced debt challenges. “We are committed to reducing the fiscal deficit, as evidenced by our annual budgets. We have openly stated our goal that by 2030, the ...

October 23, 2026 10:15 PM

Sitharaman Chairs 30th FSDC Meeting, Reviews Financial Stability and Cybersecurity Preparedness

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi, where members reviewed macro-financial stability, cybersecurity preparedness, financial sector reforms and emerging risks from global economic and geopolitical developments. The Council also discussed measures to promote fintech innovation, explore the tokenisation of financial and other real-world assets, strengthen inves...

October 20, 2026 1:02 AM

Financial inclusion lies at core of central banking: CEA Anantha Nageswaran

The Government’s Chief Economic Adviser, V. Anantha Nageswaran, on Monday said that financial inclusion is not a peripheral objective but lies at the core of central banking. In his address at the RBI Samvad 2026 event in New Delhi, the CEA, drawing on India’s experience, observed that access to finance need not necessarily follow income growth, but rather financial inclusion could lead to rising incomes and economic opportunities. The panel discussion on financial inclusion brought togeth...

October 19, 2026 6:05 PM

RBI’s ‘Samvad 2026’ kicks off, focuses on monetary policy, AI and financial stability

The Reserve Bank of India (RBI) on Monday inaugurated ‘Samvad 2026’, an international seminar for central banks, in the national capital, with RBI Governor Sanjay Malhotra delivering the welcome address and Union Finance and Corporate Affairs Minister Nirmala Sitharaman giving the keynote address. The two-day event brings together Central Bank Governors, senior policymakers, representatives from international organisations and subject matter experts from across the world to discuss emerging...

October 16, 2026 4:23 PM

India pushes rupee-based trade settlements to help countries facing hard currency shortages: FM

Finance Minister Nirmala Sitharaman has said India is working to promote rupee-based trade settlements to help partner countries facing shortages of hard currencies continue importing essential goods from India. Speaking during an interaction with the Atlantic Council on the sidelines of the IMF-World Bank Annual Meetings in Bangkok, Thailand, on Friday, Sitharaman said local currency settlements could help sustain trade with countries facing foreign exchange constraints. She said India wanted...

October 15, 2026 11:51 PM

At World Bank Development Committee Meeting, Sitharaman Calls for Greater Private Capital Mobilisation, Better-Paid Jobs

Union Finance Minister Nirmala Sitharaman has called for greater private capital mobilisation and the creation of productive, better-paid jobs, saying these remain the most effective pathway to poverty reduction and shared prosperity amid growing energy market stress, trade fragmentation, climate pressures and rapid technological change. Sitharaman made the remarks while participating as India’s Governor of the World Bank in the 114th Meeting of the Development Committee Plenary in Bangkok, T...

October 15, 2026 1:17 PM

Sitharaman Meets UK Chancellor in Bangkok, Discusses Economic Cooperation

Union Finance and Corporate Affairs Minister Nirmala Sitharaman met UK Chancellor of the Exchequer John Healey in Bangkok on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group. The two leaders discussed bilateral financial cooperation and strategic economic initiatives, including the successful conclusion of the fourth India-UK Financial Markets Dialogue, fintech meetings and associated India-UK Financial Partnership engagements. According to...

October 14, 2026 8:22 PM

IDBI Bank restructuring to strengthen banking ecosystem: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the government’s decision to strategically restructure IDBI Bank reflects India’s continued commitment to economic reforms and financial sector transformation. In a post on social media platform X, FM Sitharaman said the Cabinet Committee on Economic Affairs’ (CCEA) approval of the restructuring was achieved under the leadership of Prime Minister Narendra Modi and would pave the way for the bank’s next phase of growth through foreign...

October 14, 2026 4:50 PM

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 and G7 Finance Ministers and Central Bank Governors. During the five-day visit, the Finance Minister will take part in multilateral discussions on key global economic and financial issues, including the global economic outlook, financial sector develo...