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 in the Rajya Sabha, Finance Minister Nirmala Sitharaman admitted the delay but said that the Centre had released more than what it collected as cess in the current financial year 2019-20 till October-end.
She said that while she was meeting states regarding GST compensation issue, "there was a confusion", that Nirmala Sitharaman has withdrawn from a GoM.
Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
Priyanka Gandhi Vadra said she Nirmala Sithraman is the finance minister of the whole country and must find a solution to the rising prices of onions as middlemen are benefiting greatly due to the "bankruptcy" of her policies.
Bihar deputy chief minister Sushil Modi will be the convener of a Group of Ministers on Integrated Goods and Services Tax (IGST) replacing Finance Minister Nirmala Sitharaman, GST Council sources said on Tuesday.
Finance Minister Nirmala Sitharaman on Saturday said the government is working on more steps, including rationalisation of personal income tax rates, to revive the sagging economy.
Commercial banks gave loans to every Tom, Dick, Harry, 'Jija' (brother-in-law) and 'Bhatija' (nephew) during the UPA-II regime, leaving a huge burden on the next government, Union Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Thursday.
Finance Minister Nirmala Sitharaman, while defending her onion comment, on Thursday condemned the opposition in Rajya Sabha for accusing her of being an elitist. On Wednesday when asked by an MP if she ate onions, Sitharaman had said, "I belong to a family which does not eat onion and garlic."
Speaking at a press conference later, Chidambaram said that his comments on the finance minister was not "sarcastic".
The Minister also told MPs the government has also decided to import to procure from the open market of countries with a surplus and from onion-growing regions. She further added steps are being taken for distribution of the onion through open mandis auction .
Bharat Bond ETF will provide additional money for CPSUs, CPSEs & other government organizations. The ETF will be a basket of bonds issued by CPSE/CPSU/CPFI or any govt organisations and will be tradable on stock exchanges. Each unit will be priced at ₹1,000. The Bharat Bond ETF will loosely resemble a fixed maturity plan.
The minister referred to Chowdhury's earlier remarks against the Prime Minister and the Home Minister in which he had called them "infiltrators" on the issue of National Register of Citizen (NRC).
Asserting that corporate tax reduction is aimed at attracting fresh investment and generating jobs, Finance Minister Nirmala Sitharaman on Monday said "green shoots" are already visible with several foreign as well as domestic firms showing interest to invest.
Congress leader Adhir Ranjan Chowdhury has yet again stoked controversy with an objectionable statement -- this time in the Parliament. Speaking in the Lok Sabha on Monday, Chowdhury referred to the finance minister as "Nirbala Sitharaman."
Finance Minister Nirmala Sitharaman said on Saturday that several significant steps in structural reforms have been taken in the past few months and responses/interventions addressing the needs of the economy will continue, indicating more relief measures could be on the anvil, if so needed.
"Every step being taken is in the interest of the country... looking at the economy with discerning view, you see that the growth may have come down, but its not a recession yet or it won't be recession ever," finance minister Nirmala Sitharaman said.
Sitharaman said if a financial institution in the present situation has a name ending with 'Bank' doubts are raised on the functioning of it and heaped praise that City Union Bank has been functioning steadily for the last 115 years.
The government was making efforts to ensure more regulatory mechanism in the banking sector to benefit bank account-holders, she said in the context of the PMC Bank and IL&FS issues.
Addressing the media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said that while the Centre will strategically disinvest Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (CONCOR), it will sell its entire stake in THDC India Ltd and North Eastern Electric Power Corporation (NEEPCO) to another state-run power major, NTPC.
The Cabinet on Wednesday gave its approval to the Food Ministry's recent decision to import 1.2 lakh tonnes of onions in a bid to improve the domestic availability of the key kitchen staple and check prices.
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