Nirmala Sitharaman

June 30, 2025 1:13 PM

Nirmala Sitharaman embarks on official visit to Spain, Portugal, and Brazil for high-level multilateral engagements

Union Finance and Corporate Affairs Minister Nirmala Sitharaman embarked on an official six-day visit to Spain, Portugal, and Brazil on Monday. Leading a delegation from the Department of Economic Affairs, Ministry of Finance, Sitharaman is set to participate in a series of high-level multilateral and bilateral engagements during the visit, which runs from June 30 to July 5, the Ministry of Finance said in a statement. During her visit to Seville, Spain, the Finance Minister will represent Ind...

June 27, 2025 11:01 PM

Nirmala Sitharaman reviews public sector banks’ performance, urges focus on financial inclusion and innovation

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman on Friday chaired a high-level annual review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) in New Delhi. Meeting focused on financial strength, inclusive lending, cyber security, and customer-centric innovation. The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of the Department of Financial Services, M. Nagaraju, and senior officials, alongside PSB leadersh...

June 15, 2025 2:59 PM

FM Nirmala Sitharaman takes stock of financial inclusion schemes in Ladakh

Finance Minister Nirmala Sitharaman on Sunday visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and local entrepreneurs of the Ladakh region. She interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. The Finance Minister appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and ...

June 12, 2025 12:21 PM

Over 90 times rise in direct benefit transfer in just a decade: FM Nirmala Sitharaman

There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday. Moreover, India leads the world in real-time payments, with more than Rs 260 lakh crore worth of transactions processed in 2024-25, informed Sitharaman on X. “From Rs 7,368 crore in 2013-14 to Rs 6.83 lakh crore in 2024-25, there has been a 90X+ rise in DBT transfer in just a decade under Prime Mi...

June 11, 2025 12:01 PM

India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman

India’s infrastructure has seen rapid progress in the last decade, as capital expenditure surged from Rs 2 lakh crore in 2014-15 to Rs 11.21 lakh crore in 2025-26 - a significant six times increase towards the 'Viksit Bharat' goal, Finance Minister Nirmala Sitharaman said on Wednesday. “India’s Infrastructure has seen rapid progress in the last decade under the leadership of Prime Minister Narendra Modi. Allocation for capital expenditure at its highest-ever at Rs 11.21 lakh crore during ...

June 9, 2025 11:15 AM

India embraces cashless revolution in last 11 years: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like Unified Payments Interface (UPI). “In the last 11 years, India has seen a remarkable journey under the leadership of Prime Minister Narendra Modi. From making life easier for the common citizen to boosting business confidence, it's been a decade of real and visible change,” the Finance Minister said on a post on X. “India is embracing a cashless...

June 5, 2025 12:31 PM

DBT, Jan Dhan schemes revolutionised welfare delivery in India: FM Sitharaman

Several groundbreaking financial inclusion schemes by the Prime Minister Narendra Modi-led government have revolutionised welfare delivery in India in the last 11 years, by plugging leakages and ensuring transparency, said Finance Minister Nirmala Sitharaman on Thursday. Over the past decade, the NDA government has taken pathbreaking steps to uplift several people from the clutches of poverty, focussing on empowerment, infrastructure and inclusion. “Direct Benefit Transfer (DBT) has revoluti...

June 3, 2025 4:10 PM

Break big smuggling syndicates, curb narcotics trade: FM Sitharaman tells DRI

Finance Minister Nirmala Sitharaman on Tuesday asked the Directorate of Revenue Intelligence (DRI) to adopt a holistic and technology-driven approach to tackle smuggling and narcotics trade amid increasingly complex geopolitical environment and security threats. In her address at the inaugural event of the DRI’s new headquarters, the Finance Minister said there was a need to go beyond surface-level enforcement and focus on uncovering deeper systemic threats. "Investigate holistically, keepin...

May 27, 2025 4:39 PM

Fintech driving growth for MSMEs and merchants, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said that India’s fintech companies are playing a crucial role in expanding the country’s Digital Public Infrastructure (DPI) and empowering merchants as well as micro, small, and medium enterprises (MSMEs). The Finance Minister visited the office of Pine Labs, a digital fintech company based in Noida, and interacted with its employees and staff members. She acknowledged “India’s fintech firms’ contribution to expanding the country...

April 21, 2025 9:25 AM

Finance Minister Nirmala Sitharaman arrives in San Francisco for five-day US visit

Union Finance Minister Nirmala Sitharaman arrived at the San Francisco International Airport on Sunday (local time) for her five-day visit to the United States, scheduled from April 20 to 25. Upon her arrival, she was received by Vinay Mohan Kwatra, Ambassador of India to the US, and Srikar Reddy Koppula, Consul General of India in San Francisco. "Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman is welcomed upon her arrival during her official visit to the USA by Shri V...