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 MoreFinance Minister Nirmala Sitharaman on Thursday announced medical insurance cover of Rs 50 lakh per person for coronavirus warriors, who are treating COVID-19 patients and helping the country to fight against the deadly novel coronavirus.
Sitharaman today announced an economic package that will benefit migrant workers, urban and rural poor which will be known as the Prime Minister Gareeb Kalyan scheme.
The last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. For delayed payments interest rate has been reduced from 12 per cent to 9 per cent, Union Finance Minister Nirmala Sitharaman announced on Tuesday.
Finance Minister Nirmala Sitharaman has announced a series of measures that the government has taken to fight the impact of coronavirus outbreak. Sitharaman announced the extension of ITR, GST filing deadlines. Here are the highlights of Sitharaman's relief measures for the economy:
Nirmala Sitharaman said that the central government is preparing an economic package to help the country tide over losses incurred owing to the Covid-19 outbreak.
As the bank merger becomes effective April 1, Finance Minister Nirmala Sitharaman is scheduled to meet the chief executives of the amalgamating banks on Thursday to review the preparedness for the merger. The Union cabinet already approved consolidation of 10 public sector banks into four, earlier in the month.
Finance Minister Nirmala Sitharaman will hold a meeting with chief executives of amalgamating banks on Thursday to review preparedness for the merger beginning April 1.
In what can be a relief to thousands of Yes Bank employees, Finance Minister Nirmala Sitharaman said on Friday that Yes Bank employees will continue to get salary. Yes Bank is currently in crisis and Reserve Bank of India has set a maximum withdrawal cap of Rs 50,000 for depositors.
As Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch.
"Chacha-Bhatija" were given loans under Congress rule, Union Finance Minister Nirmala Sitharaman said in a jibe on Friday as she spoke about the crisis in Yes Bank.
Finance Minister Nirmala Sitharaman on Yes Bank crisis Friday said that the RBI Governor has assured her there will be no loss to any Yes Bank depositor, a day after the central bank imposed a moratorium on the banking institution.
SBI Chairman Rajnish Kumar on Friday arrived in Parliament to meet Finance Minister Nirmala Sitharaman to discuss the Yes Bank issue.
The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from April 1, Finance Minister Nirmala Sitharaman said. These will be in addition to State Bank of India, Bank of Baroda, and Bank of India.
A bill to provide more powers to the RBI for regulating cooperative banks was introduced by Finance Minister Nirmala Sitharaman in the Lok Sabha on Tuesday.
Finance Minister Nirmala Sitharaman on Sunday asked civil accounts officers to focus on bringing in more efficient and adaptive technologies to further smoothen the working of the Public Financial Management System (PFMS).
Union Finance Minister Nirmala Sitharaman on Thursday said that investor sentiment has not been dampened by anti-CAA protests and the recent Delhi violence.
The telecom department is looking into issues related to payment of statutory dues by mobile telephony services providers, Finance Minister Nirmala said on Wednesday. In all, 15 telecom entities owe the government Rs 1.47 lakh crore in unpaid statutory dues -- Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges.
Union Finance Minister Nirmala Sitharaman Wednesday said banks were not instructed to stop dispensing Rs 2,000 notes. The statement comes after Indian Bank decided to stop putting Rs 2,000 notes in its ATM machines.
Finance Minister Nirmala Sitharman on Wednesday said the government is keeping a close watch on the impact of the coronavirus outbreak on the Indian economy.
Finance Minister Nirmala Sitharaman on Saturday emphasised the need to enhance global risk monitoring and explore the scope for policy co-ordination to deal with such risks.
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