Nirmala Sitaraman, Finance Minister and S. Gurumurthy, Editor, The Thuglak, sharing a moment at the memorial function in honour of B.S. Raghavan, IAS in Chennai on Saturday. | Photo Credit: RAGHUNATHAN SR Finance Minister Nirmala Sitharaman on Saturday recalled her interactions and the advice given to her by former bureaucrat B.S.Raghavan, who passed away recently. … Read more
Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-25 on February 1, 2024, instead of the full Budget like other years. Last Budget, the Centre brought in multiple new regulations for Income Tax. One notable announcement about personal taxation was the establishment of the New Income Tax Regime as the default tax … Read more
Finance Minister Nirmala Sitharaman on Thursday voiced concerns against the “one-sided” move by advanced jurisdictions like the EU to impose tariffs on high-carbon goods coming from other sources, saying it goes against the interests of the Global South and that the green agenda shouldn’t be pursued by some at the expense of others. Speaking at … Read more
Marrakech: Finance minister Nirmala Sitharaman on Saturday pitched for a strong, quota-based and adequately resourced International Monetary Fund (IMF) and emphasised that a coordinated response of the global community will foster multilateralism. In her remarks at the IMF Board of Governors meeting here on the theme of ‘Dialogue on Policy Challenges’, Sitharaman expressed concerns about … Read more
Marrakech, Morocco: The G20 finance ministers and central bank governors (FMCBG) agreed to “ambitious efforts” for substantially reforming and strengthening multilateral development banks (MDBs), including increasing their lending capacity. They also adopted a road map for the regulation of crypto assets, marking significant progress on India’s G20 agenda. “…The G20 finance track saw key achievements … Read more
In his first official meeting since taking charge of the finance portfolio, Tamil Nadu Finance Minister Thangam Thennarasu called on Union Finance Minister Nirmala Sitharaman in Delhi on Monday. An official source said it was a courtesy call. Mr. Thennarasu took charge as Minister for Finance and Human Resources Management in May this year, replacing … Read more
Finance Minister Nirmala Sitharaman on Wednesday underlined the need for focussing on four Is — infrastructure, investment, innovation and inclusivity — to achieve sustainable growth in the long-term. The global economy in the past few years has faced trials and tribulations, she said, adding countries have made efforts to protect the vulnerable section of the … Read more
India is not seeking to reverse the benefits of globalization, but is asking that it be made more transparent, Union Finance Minister Nirmala Sitharaman said Monday. “It’s not to say that we have to reverse the benefits of globalization. It is more to say, make globalization more transparent,” Sitharaman told a prominent American think-tank Peterson … Read more
Union Finance Minister Nirmala Sitharaman | Photo Credit: ANI Finance minister Niramala Sitharaman will meet managing directors of public sector banks (PSBs) on Saturday to review performance against the backdrop of the failure of a few banks in the U.S. and the liquidity crisis faced by Credit Suisse. The meeting is going to take stock … Read more
File photo of Union Finance Minister Nirmala Sitharama | Photo Credit: PTI Digital or e-rupee worth over ₹130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on March 13. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e₹-W) … Read more