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.
Read MoreSpeaking at a webinar organised by the Chennai International Centre (CIC), Sitharaman said that discussions are on with the RBI on the matter of one-time restructuring of loans.
Finance Minister Nirmala Sitharaman on Friday said the government is monitoring progress of various relief measures, especially the transmission of repo rate cuts to corporates and consumers to stimulate the economy, hit by COVID-19 crisis.
Finance Minister Nirmala Sitharaman on Thursday said Prime Minister Narendra Modi will launch a massive rural public works scheme ‘Garib Kalyan Rojgar Abhiyaan’ to empower and provide livelihood opportunities to the returnee migrant workers and rural citizens.
Finance Minister Nirmala Sitharaman addressed press conference on Thursday about Garib Kalyan Rojgar Abhiyan, a scheme aimed at providing employment to migrant workers who went back during coronavirus lockdown.
In February, Union Finance Minister Nirmala Sitharaman had, during the Budget Speech 2020-2021 had announced that this decision is important and will be looked into again in the span of the next six months.
As a measure to clean up pendency in return filing, the GST Council has reduced/waived late fee for non-furnishing FORM GSTR-3B for the tax period from July, 2017 to January, 2020.
The Union Finance Ministry on Friday said that the government will not initiate any new scheme/sub-scheme, whether under delegate power to ministry including SFC proposals or through EFC should be initiated in 2020-21 except proposal announced under PM Gareeb Kalyan Package, Aatma Nirbhar Bharat Abhiyan Package and any other special packages.
Union Finance Minister said on Friday that it was hard as of now to gauge the extent of the economic damage of the coronavirus pandemic to the Indian economy
Finance Minister Nirmala Sitharaman on Friday held a review meeting with CEOs of public sector banks (PSBs) and asked them to implement the mega 'Aatmanirbhar' relief package to revive the COVID-hit economy.
FM Sitharaman in a presser responded to Congress leader Rahul Gandhi's criticism on government's policy towards helping migrants saying that it would have been better for the Congress leader to ask his party-ruled states to arrange for more trains for migrants with more facilities to help them.
Finance Minister Nirmala Sitharaman on Sunday said a new "coherent" public sector enterprises policy will be formulated that will define strategic sectors which will have not more than four PSUs. Sitharaman said all sectors are open to the private sector while public sector enterprises will play an important role in defined areas. Accordingly, the government will announce a new policy.
Addressing a press conference, Finance Minister Nirmala Sitharaman announced decriminalisation of Companies Act violations involving minor technical and procedural defaults, majority of compoundable offences sections to be shifted to internal adjudication mechanism.
Announcing the fifth and final tranche of government's Rs 20 lakh crore economic stimulus package, Finance Minister Nirmala Sitharaman on Sunday said that the government has allocated additional Rs 40,000 crore over and above Rs 61,000 crore budgeted for MGNREGA to generate more jobs.
Public Health Labs to be set up at block levels, FM Sitharaman makes the big announcement
Finance Minister Nirmala Sitharaman on Sunday announced measures taken by the government to boost economic activity in 7 sectors amid COVID-19 outbreak situation in the country.
Announcing the fifth and last tranche of the Rs 20-lakh crore Covid-19 packages as part of the “Atmanirbhar Bharat Abhiyan”, Finance Minister Nirmala Sitharaman said Swayam Prabha DTH channels launched to support and reach those who do not have access to the internet.
The government is fast-tracking industrial reforms and increased role of the private sector in coal, minerals, defence, power, aviation and space sectors is aimed at overall efficiency enhancement, experts said.
Airports Authority of India (AAI) Chairman Arvind Singh on Saturday said efficient utilisation of airspace will help reduce travel time, fuel expense and air ticket costs.
Union Finance Minister Nirmala Sitharaman announced significant structural reforms in eight sectors of the economy — coal, minerals, defense production, aviation, power distribution in Union territories, space and atomic energy
Union Finance Minister Nirmala Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities
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