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FM Sitharaman News

22 Dec 2024

GST Council Meeting: Key Recommendations To Provide Relief To Individuals

GST Council Meeting Highlights: The Council recommended reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount.

22 Dec 2024

GST Council Defers Major Decisions, Key Issues Await Further Discussion

The GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but no decision was reached.

10 Nov 2024

Want To Scale Your Business? Banks Offering Rs 1.54 Lakh Cr For Entrepreneurs

Around 150 MSME clusters were connected virtually for the launch with senior bank officials being present in each of these clusters. FM Sitharaman also virtually inaugurated six new SIDBI branches in Karnataka, expanding SIDBI’s reach and financial assistance to MSMEs in these clusters.

04 Nov 2024

FM Nirmala Sitharaman Apprised About Review Of Income Tax Act By Top Officials

The Revenue Secretary informed the Union Finance Minister that 22 specialised sub-committees have been established to review the various aspects of the Income Tax Act.

27 Oct 2024

FM Sitharaman Seeks Enhanced Support From International Financial Institutions

Finance Minister Nirmala Sitharaman also highlighted recent Union Budget announcements focused on jobs and skilling.

06 Oct 2024

FM Sitharaman Meets G20 Expert Prof Stern On Strengthening Multilateral Banks

During the meeting, Finance Minister Sitharaman shared updates on the World Bank's Evolution Agenda, which is actively considering 27 of the 30 recommendations put forth by the G20 Independent Expert Group.

Nirmala Sitharaman

01 Aug 2022

‘Indian economy will not get into recession…’: Nirmala Sitharaman on inflation

Sitharaman also stated that the debate over rising prices is more political in nature than data-driven. Edible oil prices have also fallen considerably as a result of the government's actions.

FM Nirmala Sitharaman

20 Jun 2022

FM Nirmala Sitharaman asks banks to do THIS on priority

Banks are not required to be flexible with credit underwriting requirements by assuming any negative risks on a proposal. Banks need to pay more attention to their customers' facilities in order to make the loan procedure easier for borrowers.

21 May 2022

Government announces Rs 200 subsidy per LPG gas cylinder

For the second time in a month, the price of LPG increased by Rs 3.50. Prices in India have surpassed Rs 1,000. Sitharaman also reduced the central excise duty on fuel and diesel by Rs 8 per litre and Rs 6 per litre.

Nirmala Sitharaman

08 May 2022

FM Sitharaman says RBI's rate hike not a surprise

She said the RBI’s decision to increase policy rates has not surprised the government. The repo rate is the interest rate at which the RBI lends short-term funds to banks.

Nirmala Sitharaman

27 Apr 2022

Sanctions can have unintended consequences in interconnected world: Sitharaman

She said sanction always has an impact on not just the country on which it is imposed but on many other nations. Unintended consequences do bear an immediate and strong impact on countries in this digitally connected world, she said.

Nirmala Sitharaman

11 Feb 2022

44 unicorns in 2020-21 a sign of 'Amrit Kal', says FM Sitharaman

“Andhkaal" (time of darkness) prevailed during their (Congress) rule, she said. Sitharaman said that every house has got electricity in every village.

Banking Regulation Bill

16 Sep 2020

Lok Sabha passes Banking Regulation bill to bring cooperative banks under RBI

The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks, while administrative issues will still be guided by the Registrar of Cooperatives It is aimed at bringing cooperative banks on par with developments in the banking sector through better management and proper regulation which protects the interest of depositors The bill assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who have been facing difficulty in withdrawing their money due to restrictions imposed by the RBI

15 May 2020

Rs 1 L cr fund to be created for agri infrastructure projects

The Finance Minister said the focus has been on short term crop loans while investment in long term agriculture infrastructure has often not been enough.

14 May 2020

Free food grain supply for migrants for next 2 mnths; 8 crores to get benefit

Sitharaman said "state governments responsible for implementation, identification of migrants and full distribution and providing detailed guidelines."

14 May 2020

Rs 11002 cr released to all states in advance to help migrants and urban poor

Under the Aatmanirbhar Bharat Package, Finance Minister Nirmala Sitharaman on Thursday (May 14) announced support for migrants and urban poor. She said the government has permitted states to utilise State Disaster Response Fund (SDRF) for setting up a shelter for migrants.

26 Mar 2020

Sensex gains 1,410 pts, Nifty ends at 8641.45 after FM announces package

Major gainers on the Nifty were IndusInd Bank, L&T, Bajaj Finance, and Bajaj Auto, while top losers were Yes Bank, GAIL, Sun Pharma, and Maruti Suzuki.

Yes Bank crisis

13 Mar 2020

Moratorium on Yes Bank to be lifted 3 days after notifying RBI's scheme: FM

The Finance Minister said, "State Bank of India (SBI) will invest up to 49 per cent of the equity. Other investors are also being invited."

08 Feb 2020

Sitharaman says economy is at robust-level, FDI in country at all-time high

Finance Minister Nirmala Sitharaman on Saturday (February 8) said that the economy is at its "robust-level" and asserted the Foreign Direct Investment (FDI) in the country is at an all-time high, while interacting with industry traders in Chennai at an event titled `Jan Jan ka Budget`.

02 Feb 2020

News 50: Watch top news stories of the day, Feb 02, 2020

This segment of Zee News brings the top 50 news stories of the day. Watch this video to know the latest news.

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