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
New Delhi: The Narendra Modi- led NDA government has ensured that India‘s growth story remains inclusive and doesn’t exclude the middle class or the poor, finance minister Nirmala Sitharaman said Monday. She cited the examples of Vande Bharat trains and the Udaan initiative to buttress the fact that the government wants common citizens, and not … Read more
Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the Budget Session of Parliament, in New Delhi on February 10, 2023. | Photo Credit: ANI Finance Minister Nirmala Sitharaman on February 10, 2023 asserted that resources for States have been raised sharply in the Union Budget 2023-24, called out Opposition-ruled States like Kerala, Punjab … Read more
Finance Minister Nirmala Sitharaman on Saturday said that regulators are independent and will take their own actions with regard to Adani group concerns. “It’ll be regulators who’ll do their job. RBI made statement, prior to that banks, came out & told about their exposure (to Adani group). Regulators independent of govt, they’re left to themselves … Read more
India’s digital ecosystem for skilling will be further expanded with the launch of a unified Skill India Digital platform, Finance Minister Nirmala Sitharaman announced on Wednesday, with the Budget laying the roadmap to train lakhs of youth in the next three years. Presenting the Union Budget for 2023-24, Sitharaman said stipend support will be provided … Read more