Mumbai: Finance minister Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers’ borrowing costs. Speaking at the State Bank of India Economist Conclave, on whether there is a case for a policy rate cut, the FM said “banks’ interest rates will have to be … Read more
Finance Minister Nirmala Sitharaman faced a blunt plea for middle-class relief when a social media user tagged her calling for help. Tushar Sharma, a user on X, voiced a sentiment many are feeling, posting: “I humbly request you to consider providing some relief for the middle class. I understand the immense challenges involved, but it’s … Read more
Union Finance Minister Nirmala Sitharaman attended the inauguration of Mysuru Sangeetha Suganda Music Festival, at the KSOU Convocation Hall in Mysuru, on November 8, 2024. | Photo Credit: File photo Union Finance Minister Nirmala Sitharaman listed out six points to emphasise that Karnataka, and particularly Mysuru, a tourist hub, were not neglected by the Centre. … Read more
Union Finance Minister Nirmala Sitharaman has stressed that nothing stops the private sector from coming and doing business in India, noting that there are many non-Indian private insurance companies that are already operating in India. In her remarks during a fireside conversation with CSIS President and CEO John J Hamre on ‘India’s Economic Aspirations’ on … Read more
India’s priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the U.S. or China, can ignore New Delhi today. Ms. Sitharaman made the remarks on Wednesday (October 23, 2024) during a panel discussion on “Bretton Woods at 80: Priorities for … Read more
Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India’s enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India’s exports after its implementation by the European Union. CBAM are tariffs that will apply on energy-intensive goods imported into the European Union (EU). The EU has decided to impose carbon tax … Read more
Tax changes from October 1: In her first Budget presentation under the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced significant alterations to the taxation system, particularly affecting investors and shareholders. Among the key changes announced was the hike of the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02% and … Read more
NPS Vatsalya: Union Finance Minister Nirmala Sitharaman on Wednesday during the launch of the NPS Vatsalya scheme said that parents and guardians should consider investing in NPS Vatsalya for their minor kids for their birthdays and other occasions. NPS Vatsalya is a pension scheme focused on minors. It enables parents and guardians to contribute a … Read more
Finance Minister Nirmala Sitharaman will formerly float the NPS Vatsalya scheme on September 18, 2024, almost two months after announcing it in the Union Budget 2024. The scheme, which is an extension of the existing National Pension Scheme, is focused on children and the investment made in this account will be to ensure long-term wealth. … Read more