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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Modi govt gave armed forces the "fullest right" to take appropriate decisions at appropriate times to show to the people of the country how India responds in such situations, Sitharaman said.
The total amount to Rs 1.59 lakh crore was released to states and UTs this fiscal.
FM Sitharaman will be discussing measures to strengthen COVID pandemic prevention, preparedness and response. The meeting precedes G20 Rome Summit.
Startups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, Sitharaman said.
FM Sitharaman said much before 2nd Covid wave struck, her govt had extended a stimulus and was waiting for the economy to revive.
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 per cent in 2021 and 8.5 per cent in 2022.
These “should be our policy goals,” Sitharaman said at the in-person meeting of the 4th G20 Finance Ministers and Central Bank Governors under the Italian presidency.
Finance Minister Nirmala Sitharaman has emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
The finance minister was asked why Prime Minister Narendra Modi and other senior ministers are silent on the issue and why is there a defensive reaction when somebody asks questions about such things.
Finance Minister Nirmala Sitharaman has said that institutions such as United Nations, World Bank and International Monetary Fund will have to look at reforming themselves.
As part of official visit to the US, Nirmala Sitharaman will also address investors including large pension funds and private equity players and will invite them to participate in India's growth story.
The scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.
Having done 2 rounds of bank consolidation earlier, the Central govt in 2019 decided to merge 6 disparate and weak PSBs into four in one stroke.
The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has seen steady increase in usage over the last few weeks, and over 3 crore taxpayers have logged into the portal and successfully completed various transactions.
Life saving drugs got cheaper as Union Finance Minister Nirmala Sitharaman's announced a slew of GST exemptions on Friday. The decision came after a crucial meeting of the GST Council.
The GST Council meeting is currently underway in Lucknow. It is being presided over by Finance Minister Nirmala Sitharaman.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items.
Nirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow on Friday.
Delivering her address at the centenary celebrations of the city-based Tamilnad Mercantile Bank here, Sitharaman said even during Covid-19 pandemic with the use of digitisation through banking correspondents, the government's financial disbursements were distributed to the needy after verifying their details.
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