Nirmala Sitharaman

PM-Vidyalakshmi Scheme: FM Sitharaman says student loan scheme will be operational by February 2025; check details

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PM-Vidyalakshmi Scheme: FM Sitharaman says student loan scheme will be operational by February 2025; check details

PM-Vidyalakshmi Scheme: Union Finance Minister Nirmala Sitharaman informed Lok Sabha that the recently introduced Prime Minister Vidyalakshmi scheme is scheduled to be implemented by February 2025. The PM-Vidyalaxmi scheme was approved by the Union Cabinet in November in a bid to provide financial assistance to talented students pursuing higher education in public and private institutions. … Read more

‘Cost of health, life insurance…’: Nirmala Sitharaman shares crucial update on GST in Parliament

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‘Cost of health, life insurance…’: Nirmala Sitharaman shares crucial update on GST in Parliament

Finance Minister Nirmala Sitharaman said that the cost of insurance for policyholders is expected to decrease if the GST Council recommends reducing the GST rate on health and life insurance policies.  In a written response in the Lok Sabha on December 2, Sitharaman mentioned that during its meeting on September 9, the GST Council had … Read more

FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs

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FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs

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

Man requests Finance Minister Nirmala Sitharaman to give some relief for India’s middle-class. Her response…

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Man requests Finance Minister Nirmala Sitharaman to give some relief for India’s middle-class. Her response…

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 lists out six points to stress Karnataka is not ignored

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Union Finance Minister Nirmala Sitharaman lists out six points to stress Karnataka is not ignored

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

Nothing stops private sector from coming and doing business in India: Nirmala Sitharaman

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Nothing stops private sector from coming and doing business in India: Nirmala Sitharaman

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

FM Nirmala Sitharaman: Neither U.S. nor China can ignore India today

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FM Nirmala Sitharaman: Neither U.S. nor China can ignore India today

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 calls on US investors to tap opportunities in India

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Finance minister Nirmala Sitharaman calls on US investors to tap opportunities in India

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

Carbon tax proposed by EU unilateral, arbitrary to hurt India’s export: FM Sitharaman

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Carbon tax proposed by EU unilateral, arbitrary to hurt India’s export: FM Sitharaman

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

STT, share buyback, TDS on govt bonds from October 1: What does this mean for shareholders, investors

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STT, share buyback, TDS on govt bonds from October 1: What does this mean for shareholders, investors

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