NEW DELHI: Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region.“We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very,…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans.The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their…
Union finance minister Nirmala Sitharaman criticised the opposition for saying that the budget didn’t help the salaried and middle classes but only benefited the wealthy. She pointed out that the government has worked to make taxes simpler and lighter, especially during the Covid pandemic when no new taxes were added.She also criticised the opposition’s demand…
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the “Harvard and Oxford educated” leaders failed to contain the inflation as they adopted “reckless policies”.Sitharaman said the nation witnessed double-digit inflation during the UPA era as the…
Dressed in an off-white Mangalagiri sari with a purple-golden border, finance minister Nirmala Sitharaman on Tuesday presented her seventh consecutive Union Budget, reading from a tablet PC that was wrapped in the red-coloured ‘bahi-khata’ style pouch she has used for all her Budget speeches in place of the leather briefcase — called ‘budget’ from the…
NEW DELHI: Minutes after Union finance minister Nirmala Sitharaman presented Budget 2024 of Modi government 3.0, the opposition hit out at the BJP-led NDA government for only appeasing its allies N Chandrababu Naidu and Nitish Kumar.Congress leader Rahul Gandhi hit out at the Modi government calling the budget only to “appease allies” for “kursi bachao”…
NEW DELHI: The Union Budget for 2024-25 allocates Rs 1.48 lakh crore for education, employment, and skilling across the country. Presenting the Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman emphasized its focus on employment, skilling, MSMEs, and the middle class.Sitharaman announced that the PM Garib Kalyan Anna Yojana has been extended for five…
NEW DELHI: The Centre might have refused special category status for Bihar, but has given a bonanza in Union Budget 2024 for the state. The government proposed Rs 26,000 crore budget for various road projects in Bihar, announced finance minister Nirmala Sitharaman. Finance minister said the government “will formulate plan Purvodaya for all round development…
MUMBAI: Since finance minister Nirmala Sitharaman‘s fifth Budget on Feb 1, 2023, Indian investors have become richer by a staggering Rs 174 lakh crore – translating to about $2.1 trillion at the current rupee-dollar rate. In the same time, the sensex has risen 31% (nearly 21k points) while Nifty has outperformed its more popular peer…
Representative Image New Delhi: Gems and jewellery exporters on Tuesday sought a reduction in import duty on hold, silver, and platinum bars to 4 per cent in the forthcoming Budget. In a pre-budget meeting with Finance Minister Nirmala Sitharaman here, the Gems and Jewellery Export Promotion Council said the Indian gems and jewellery industry contributes…
