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Nirmala Sitharaman

Nirmala Sitharaman

DOB: August 18, 1959

Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh. In May 2016, she was one of the 12 candidates nominated by the BJP to contest the Rajya Sabha elections due on 11 June 2016. She successfully contested her seat from Karnataka. On 3 September 2017, she was elevated to Defence Minister. After Narendra Modi was re-elected in 2019 she became the first full time woman after Indira Gandhi to hold the Finance Minister post.

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NEWS

Union Budget 2025

Sitharaman holds pre-budget consultation in Jaisalmer, states demand 50-year interest-free loans

Budget | Dec 21, 2024, 08:01 AM IST

Ahead of the Union Budget 2025, the Union Finance Minister Nirmala held a pre-consultation meeting with the finance ministers of the states and UTs. During the meeting, the states raised key demands from the Centre.

Supplementary grants passed in Lok Sabha

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is

Budget | Dec 18, 2024, 08:07 AM IST

The Lok Sabha on Tuesday approved the Supplementary Demands for Grants- First Batch of 2024-25. During the proceedings, Finance Minister Sitharaman said the effective capex is pegged at Ts 15.02 lakh crore.

55th GST Council meeting

55th GST Council meet set to take place in Jaisalmer on Dec 21: Here's what to expect

Business | Dec 17, 2024, 04:55 PM IST

The GoM report is expected to be discussed by the GST Council during the meeting which will be chaired by Union Finance Minister Nirmala Sitharaman.

Nirmala Sitharaman speaks in Rajya Sabha.

Sitharaman attacks Congress, says Constitutional amendments were made to protect those in power

India | Dec 16, 2024, 12:25 PM IST

Finance Minister Nirmala Sitharaman said the Congress brazenly kept amending the Constitution to help family and dynasty and added that India's Constitution has stood the test of time.

Nirmala Sitharaman

India should take pride in banking sector as banks are not dependent on govt funding: FM Sitharaman

Business | Dec 03, 2024, 06:52 PM IST

FM Nirmala Sitharaman in Lok Sabha said the public sector banks are profitable as the total profit was Rs 85,520 crore in first half of current fiscal.

Nirmala Sitharaman, Banking Amendment Law,

Banking Law (Amendment) Bill 2024: What impact will it have on nominations in your bank account?

Dec 02, 2024, 06:56 PM IST

The Banking Law (Amendment) Bill 2024 aims to streamline banking operations and align them with contemporary financial practices, reflecting the government’s commitment to improve bank governance and enhance investors' protection.

Nirmala Sitharaman

Nirmala Sitharaman responds to X user who seeks relief for middle-class | Check her reply

Trending | Nov 17, 2024, 04:01 PM IST

Finance Minister Nirmala Sitharaman's reaction to a social media user who sought relief from inflation created a buzz on X. People are divided on her statement on X.

A case was registered on Saturday against Union Finance

Big relief to Sitharaman: Karnataka HC stays FIR against her in electoral bonds scheme till Oct 22

India | Sep 30, 2024, 06:08 PM IST

In a significant development, the Karnataka High Court stayed further investigation till October 22 in the FIR filed against former Karnataka BJP President Nalin Kumar Kateel and FM Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman

FIR against Finance Minister Nirmala Sitharaman over allegations of electoral bonds scheme

India | Sep 28, 2024, 09:47 PM IST

An FIR has been filed against Union Finance Minister Nirmala Sitharaman following allegations of electoral roll fraud. The case involves BJP leaders and Enforcement Directorate officials under charges of extortion and conspiracy. The controversy has sparked a political debate.

NPS Vatsalya scheme

NPS Vatsalya gets positive response: 9,700 minors subscribe to pension scheme on first day

Business | Sep 21, 2024, 10:05 PM IST

Under the NPS Vatsalya scheme, parents can open a pension account for their children and make a minimum annual contribution of Rs 10,000 per annum. After the child is 18 years of age, the account automatically gets converted into a normal NPS account, which the holder can continue.

NPS Vatsalya

NPS Vatsalya: Just invest Rs 10,000 annually for your child, check how much to earn after 18 years

Sep 19, 2024, 11:38 PM IST

NPS Vatsalya: If parents contribute Rs 10,000 annually to their child's NPS Vatsalya account for 18 years, a fund of Rs 5 lakh will be accumulated at an estimated return of 10%.

Finance Minister Nirmala Sitharaman Banks

Banks crucial in driving India’s path to becoming a developed nation: Nirmala Sitharaman

Business | Sep 19, 2024, 05:27 PM IST

Finance Minister Nirmala Sitharaman highlighted the crucial role of banks in India's vision for 2047. She called for enhanced infrastructure development, MSME support, financial inclusion, and digital security while praising the global success of UPI.

Nirmala Sitharaman launches NPS Vatsalya scheme

Nirmala Sitharaman launches NPS Vatsalya scheme: Know eligibility, application process and more

Sep 18, 2024, 06:48 PM IST

NPS Vatsalya Scheme Overview: Finance Minister Nirmala Sitharaman has introduced the NPS Vatsalya scheme, allowing parents to open pension accounts for their minor children. Aimed at securing long-term financial stability, the scheme converts to a regular NPS account when the child turns 18.

Nirmala Sitharaman, Finance Minister Nirmala Sitharaman, NPS Vatsalya Scheme for pensioners, NPS Vat

Finance Minister Nirmala Sitharaman to launch NPS Vatsalya Scheme for pensioners today

Business | Sep 18, 2024, 07:08 AM IST

NPS Vatsalya Scheme: The Union Finance Minister will also launch an online platform for subscribing to NPS Vatsalya, release of scheme brochure, and distribute Permanent Retirement Account Number (PRAN) cards to new minor subscribers.

Ministry of Finance

GST Council reduces taxes for cancer drugs, namkeen | Check details

India | Sep 09, 2024, 08:42 PM IST

The 54th GST Council meeting introduced several key changes in GST rates, including reductions for cancer drugs and adjustments for various goods. Notable updates include a rate cut for extruded snacks, a new reverse charge mechanism for metal scrap, and an increase in GST rates for car seats.

health insurance GST reduction

What GST Council has decided on demands of tax cuts in health insurance premiums | Details

Business | Sep 09, 2024, 08:36 PM IST

There has been a widespread demand to remove the 18 per cent GST on health insurance premiums so that the extra burden is not imposed on the insured, thereby increasing the ambit of coverage.

Finance Minister Nirmala Sitharaman

GST Council Meeting: Sitharaman announces key decisions; 'New GoM on medical health insurance'

Business | Sep 09, 2024, 08:15 PM IST

The Fitment Committee, comprising the Centre and state tax officials, on Monday presented a report giving data and analysis and implications of GST reduction on life, health and reinsurance premiums.

GST Council meeting

GST Council meet: Taxation of insurance premium to online gaming report -- what to expect today

Business | Sep 09, 2024, 11:37 AM IST

The GST Council will also decide whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.

10 Years of Jan Dhan Yojana

10 Years of Jan Dhan Yojana: Over 53 crore bank accounts opened, PM Modi hails scheme as a success

India | Aug 28, 2024, 10:33 AM IST

On the tenth anniversary of Pradhan Mantri Jan-Dhan Yojana (PMJDY), Prime Minister Narendra Modi praised the scheme for significantly boosting financial inclusion in India. Launched in 2014, PMJDY has opened over 53 crore bank accounts and accumulated deposits exceeding Rs 2.3 lakh crore.

2nd India-Singapore Ministerial Roundtable in Singapore

PM Modi to visit Singapore soon, likely to finalise big deal on semiconductor

World | Aug 27, 2024, 07:28 AM IST

Describing the ministers-only meeting as "productive," Balakrishnan noted that it paves the way for an upcoming official visit to Singapore by Prime Minister Narendra Modi, which is expected to happen soon.

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