Tag: Nirmala Sitharaman

New York: Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the “worst phase” under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the […]

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

Washington: Finance Minister Nirmala Sitharaman has said the negotiations between India and the US on a trade deal are going in “full speed” and expressed hope that an agreement will be structured soon. The ongoing trade deal negotiations briefly came up for discussion during a pull-aside between Sitharaman and US Treasury Secretary Steven Mnuchin at […]

New Delhi: Nobel laureate Abhijit Banerjee has said that Finance Minister Nirmala Sitharaman was his contemporary in Jawaharlal Nehru University (JNU) and they both stood on “similar” lines on “certain” issues during their academic years in the university. Speaking in a television interview, he said that it was not as if the two had deep […]

Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday lauded self-help group movements led by religious and spiritual leaders and advised banks to give up any hesitation in giving loans to such groups backed by credible leadership. When you have social, religious and spiritual leaders leading the (self-help group) movement, banks find easy to find credible […]

New Delhi: It has been months that the Central Government employees have been urging for a raise in the minimum pay under 7th Pay Commission recommendations. At present, they are getting Rs 18,000 basic pay and if the present fitment factor of 2.57 times is hiked to 3.68 as per the demand, they will get […]

New Delhi: The government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects as it looks to boost the economy by kickstarting incomplete projects. The decision was approved by the Union Cabinet at a meeting held on Wednesday under the chairmanship of Prime Minister Narendra Modi. […]

New Delhi: Finance Minister Nirmala Sitharaman on Friday said cooperative banks would be under the RBI’s prudential norms to prevent any PMC Bank-like situations, there will be a rise from Rs 1 lakh in deposit insurance cover for account holders in the new FRDI Bill and the Finance Ministry will shortly move the proposal before […]

New Delhi: Finance Minister Nirmala Sitharaman has said the government would be moving forward on the merger of the three state-run general insurance companies as announced in the previous Budget. “This was a Budget announcement and I will be moving forward on that”, she said in a media interaction about a query on the status […]

New Delhi: Supporting consolidation in the telecom sector, public policy think-tank Cuts International on Sunday lauded Finance Minister Nirmala Sitharaman for saying that she would not like any telecom operator in the country to shut operations. In a statement here, Cuts Secretary General Pradeep S. Mehta said the functioning of all four incumbent telecom firms […]

Chennai: Finance Minister Nirmala Sitharaman on Saturday said the government is looking at the methodologies used by credit rating agencies in rating corporates. She also said the Narendra Modi government decided against joining the Regional Comprehensive Economic Partnership as the offer did not match India’s expectations and aspirations. Delivering the sixth G. Ramachandran Memorial Lecture […]

New Delhi: Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy. Speaking at the India-Sweden Business Summit, Sitharaman noted that the government had recently reduced the corporate tax rate […]

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that the government has taken a host of measures, including imports, to deal with the rising prices of onions and there are several structural issues related to their storage which the government is trying to address. “Steps are being taken other than procurement,” she told Lok […]

New Delhi: With states not being paid compensation for loss of revenue from implementation of GST since August, Finance Minister Nirmala Sitharaman on Thursday assured the Centre will honour its commitment but did not say by when the dues will be cleared. States that surrendered powers to collect taxes on goods and services after local […]

Mumbai: Union Finance minister Nirmala Sitharaman on Monday assured states that the Centre will not “renege” on the promise of GST compensations. The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said. The remarks come at a time when states […]