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Searched Tag: union finance minister nirmala sitharaman
On the depreciating value of rupee against the dollar, the minister said “it will find its natural level”

Customs tariffs to be rationalised: FM

December 6, 2025, 06:13 PM - 3 min read

The next big reform agenda ahead of Budget 2026 is simplification of customs, which includes ensuring greater transparency and customs duty rate rationalisation, said Union Finance Minister, Nirmala Sitharaman

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The Global Forum on Transparency and Exchange of Information for Tax Purposes is a multilateral framework comprising 170 jurisdictions, and monitors and peer reviews the implementation of international standards on transparency and information exchange

Digitalised economies call for prompt information exchange: FM

December 2, 2025, 01:23 PM - 3 min read

Speaking at the 18th Global Forum Plenary meeting, Union Finance Minister, Nirmala Sitharaman, said timely exchange of information among countries is essential to bring fairness and public trust in the tax system

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Additionally, the proposal to privatise a general insurance company, as announced by the government, is also being examined, sources said, adding that various options are on the table, but nothing has been firmed up yet

Govt may merge state-owned general insurance companies

November 23, 2025, 04:43 PM - 3 min read

The three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India Insurance, may be merged into a single entity to achieve better efficiency, says the Finance Ministry

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Omar meets FM, seeks financial support for J&K's development

Omar meets FM, seeks financial support for J&K's development

November 21, 2025, 03:29 PM - 3 min read

In the backdrop of the financial constraints currently being faced by  the Union Territory, Jammu and  Kashmir Chief Minister Omar Abdullah on Thursday met Union Finance Minister Nirmala Sitharaman in New Delhi. The CM is understood to have sought additional support in terms of funds for the UT in order to keep up the pace of development works.

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The Centre’s bank privatisation exercise had begun in January 2019, when it sold its controlling 51 per cent stake in the IDBI Bank to Life Insurance Corporation of India (LIC). Subsequently, both the government and LIC announced plans for the strategic sale of their stake in the IDBI Bank

Sitharaman invites foreign banks to expand flow of credit

November 6, 2025, 04:50 PM - 3 min read

Addressing the 12th SBI Banking and Economics Conclave 2025, Finance Minister Nirmala Sitharaman asked lenders to deepen credit flow to the industry for better investment opportunities

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As regards the banking sector, Sitharaman said the balance sheets of public sector banks have improved significantly compared to the twin balance sheet problem they faced 7-8 years ago

India poised to become world’s third-largest economy: Sitharaman

November 4, 2025, 06:26 PM - 3 min read

Speaking at an event at the Delhi School of Economics in New Delhi, Sitharaman stressed on the country’s economic strength and structural resilience that proved “international bullies” wrong

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Chief Minister Thakur Sukhvinder Singh Sukhu during a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi on Wednesday.

CM Sukhu seeks 2% hike in borrowing limit from Centre

October 29, 2025, 08:14 PM - 3 min read

The Chief Minister highlighted that despite the state government’s efforts to increase revenue, the state’s financial health has been severely impacted due to regular reductions in revenue deficit grants and losses incurred due to natural disasters over the past three years.

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Speaking at the inauguration of the CGST building in Ghaziabad, the minister asked tax officers to map recurring grievances in Central GST (CGST) zones to reach the “root cause” of problems

Expedite disciplinary action against erring tax officials: FM

October 24, 2025, 03:04 PM - 3 min read

Speaking at the inauguration of the CGST building in Ghaziabad, the Union Finance Minister, Nirmala Sitharaman, on Friday underscored the significance of using technology to quicken tax-paying, and asked officers to ensure fast-tracking conclusion of disciplinary proceedings against erring CBDT officials

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Referring to the rationalisation of GST rates last month, Sitharaman said it has opened new opportunities in rural areas due to rising consumption, thereby indicating greater funding potential for banks

FM asks rural banks to increase agriculture credit disbursement

October 17, 2025, 07:07 PM - 3 min read

In Karnataka on Friday to review the business performance of Karnataka Grameena Bank (KaGB), the Union Finance Minister, Nirmala Sitharaman, urged rural banks to increase agriculture credit disbursement to meet the growing demand of rural India

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This year, the theme for the three-day conclave is, ‘Seeking Prosperity in Turbulent Times’, which is “relevant both in the context of India’s growth aspirations and its success in navigating times of exceptional uncertainty, turbulence and changing geopolitics

Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025

September 27, 2025, 04:16 PM - 4 min read

Senior policymakers and economists from India and abroad will gather for the three-day conclave that focuses on the emergence of AI and AI infrastructure, global macroeconomics, and financial governance in turbulent times

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The economic resilience, said the minister, has been continuous, as seen in India’s GDP growth during the April-June quarter this year when it grew by 7.8 per cent

FM hails India's resilience amid global headwinds

September 25, 2025, 04:50 PM - 2 min read

The uncertainty in the global environment has increased over the past year, but India’s resilience has stood out, as seen in the Apr-June quarter’s GDP, said Union Finance Minister Nirmala Sitharaman on Thursday

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Explaining the framework through a presentation, Sitharaman said the new regime will bring down the system to just two levels of taxation, making it easier for consumers and businesses alike

Next-gen GST reforms to boost Bengal's economy, says FM

September 18, 2025, 06:27 PM - 2 min read

The Finance Minister highlighted that Bengal’s artisans, farmers, and small industries will particularly benefit under the revised tax slabs

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