New Delhi: With the swearing-in of Narendra Modi’s council of ministers over, the question uppermost on everyone’s mind is who will be the next finance minister. Will Nirmala Sitharaman stay in the wood-paneled office on the first floor of North Block, which is home to the finance ministry, or will she move to another ministry…
NEW DELHI: India’s economy is estimated to have grown by 8.2% in 2023-24, led by a solid expansion in manufacturing and construction sectors, and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new govt, which assumes office this month after the polls. The strong numbers will help…
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said there has been no leniency in recovering bad loans, especially from large defaulters, and banks have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a “cesspool of bad loans, vested interests, corruption and mismanagement” during UPA regime.On the day…
NEW DELHI: Bharatiya Janata Party (BJP) on Friday demanded Delhi chief minister Arvind Kejriwal to speak on AAP Swati Maliwal’s assault case and apologise. Finance minister Nirmala Sitharaman while addressing the press conference at the BJP headquarters condemned Kejriwal’s silence on the issue, labeling it ‘unbelievable and unacceptable.’“Since May 13, not a single word has…
NEW DELHI: Union finance minister Nirmala Sitharaman was a topic of discussion among the opposition leaders and the public after she appeared to be stumped by a question asked by a stock broker regarding taxes.The question asked was: “As a broker, when we are putting a trade for retail investor, we are attracting a number…
Finance Minister Nirmala Sitharaman, has hit out at the opposition’s claims of Public Sector Undertakings (PSUs) being in disarray under Narendra Modi government, by listing 10 points on the performance of these entities.In a post on X (formerly Twitter), Sitharaman has said that the collective market capitalization of the 81 publicly traded PSUs has experienced…
Finance Minister Nirmala Sitharaman has hit out at the Opposition and Congress, comparing it with Mahabharata’s Shalya. According to Sitharaman, Congress keeps questioning India and Indians’ capabilities, believing that it cannot match China.In an interview with ET, Sitharaman said that the story of Shalya from the Mahabharata serves as an apt example to illustrate the…
NEW DELHI: In a faceoff on micro-blogging platform X, finance minister Nirmala Sitharaman and Congress MP Jairam Ramesh traded charges over the Atal Pension Yojana, with govt dismissing charges of coercion and enrollment of beneficiaries without their consent.It all began on Tuesday morning with Ramesh citing a study by the Indian Council of Social Science…
MUMBAI: Union finance minister Nirmala Sitharaman on Friday denied there was any quid pro quo in contributions to BJP through electoral bonds (EBs) and raids on corporates by ED.In response to a question at The Economic Times Awards for Corporate Excellence in Mumbai, Sitharaman dismissed such allegations as loose talk. “Linking it (buying of bonds)…
Surat: Textile traders from the city met union finance minister Nirmala Sitharaman on Friday in New Delhi and raised concerns over the newly introduced payment norms in the Income Tax Act. Meanwhile, city’s weaving industry players have supported the new norms and demanded strict implementation in a letter written to Prime Minister Narendra Modi on…
