She said that he ensured handholding happens, targeted supports were extended to industry, particularly the SME and made sure the Indian economy would be carefully navigated through the challenge that we faced.
Tag: Nirmala Sitharaman
Nirmala Sitharaman to review performance of credit and welfare schemes for SCs in public-sector banks today
Loans given to persons belonging to the SC community by the banks as well as under various loan schemes, such as Stand up India and Pradhan Mantri Mudra Yojana will be reviewed in the meeting.
She said the National Payments Corporation of India (NPCI) was taking the UPI platform internationally, helping countries to create their own payment systems and networks. It is also making the cross-border payments of currencies easier.
The book is authored by Finance Commission Chairman N K Singh and Principal Secretary to the Prime Minister P K Mishra.
Last month, RBI asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.
According to the Ministry of Commerce and Industry, the BRAP report includes 301 reform points that cover 15 business regulatory areas such as access to Information, single window system, labour, environment, sectoral reforms and other reforms spanning across the lifecycle of a typical business.
Senior executives, business leaders of private sectors, venture capitalists, the institutional investors, who represented combined assets under management of over USD 1 trillion, attended the meeting with Sitharaman.
With regard to taxing income generated from transactions in crypto assets, Sitharaman said it is a means to check the source and trail but not to legitimise them.
Sitharaman also said in the Lok Sabha that actions have been taken, including registration of FIRs, against those who have cheated small savings depositors through various fraudulent activities.
Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum’s annual summit here.[Read More…]
When asked whether there will be a meeting with the Prime Minster on the Russia-Ukraine issue, Sitharaman said, ”definitely”.
Sitharaman accused the former prime minister of trying to pull India down due to political considerations at a time when it is the fastest growing major economy in the world following the Covid pandemic and is expected to remain so the next year too.
Addressing a press conference after the RBI board meeting here, Sitharaman said the ABG Shipyard account became an NPA in November 2013.
Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year.
The Finance Minister further said that if India doesn’t have a vision for 100 years then will suffer similarly to the first 70 years.
The rusty brown tone of her saree was a combination of two colours, brown and red, that hold a deeper significance. While the colour brown is often associated with resilience, dependability, security, and safety, red signifies warmth, love and power.
The Budget Session of Parliament shall begin on January 31 with the address by President Ram Nath Kovind to both Houses in the Central Hall.
Nirmala Sitharaman will be presenting her 4th budget since taking office in 2019.
The General Budget is presented by the Finance Minister every year in Parliament on February 1.
The finance minister was addressing a function after launching new schemes and handing over orders to various beneficiaries under the financial inclusion and credit outreach programme.
According to the International Monetary Fund’s World Economic Outlook, India is estimated to be the fastest-growing major economy in 2021, projected to grow at 9.5 percent in 2021 and 8.5 percent in 2022.
To a question on the farmers’ protests, Sitharaman said that the three acts which the government brought in were discussed by the various parliamentary committees over a decade.
Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India, will address the Valedictory Session on 30th September.
Sitharaman said the Council members did not see find the current situation appropriate to bring petroleum products under the GST.
The key agenda of the meeting is how to bring diesel, petrol and other petroleum products in the ambit of GST. The meeting will also be attended by MoS Finance Pankaj Chaudhary.