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 MoreBudget 2019: When and where to watch Union Budget 2019 India: Finance Minister Nirmala Sitharaman will present her maiden Union Budget 2019 speech in the Parliament on Friday at around 11 am. Nirmala Sitharaman will be the first woman full-time Finance Minister to present Union Budget in the Parliament.
The Finance Ministry has made progress in the strategic sale of 28 state-owned companies, of which three have already been sold off in the previous fiscal. The Department of Investment and Public Asset Management (DIPAM) had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19
Ahead of Modi government's maiden Budget in the second term, an economic survey will project the state of health of the country's economy and outlining the challenges. The annual Economic Survey is usually presented a day before the presentation of the annual budget.
Replying to a question, the finance mnister said RBI was closely monitoring the liquidity position of NBFCs and will continue to monitor the activity and performance of the sector with a focus on major entities and their interlinkages with other sectors.
Finance Minister Nirmala Sitharaman will unveil the full budget 2019-20 on July 5.
The Union Budget 2019-20, to be presented later this week, will be the decisive factor for equity markets going ahead and investors are likely to be in a 'wait and watch' mode ahead of the mega event, analysts said.
The Government will organise an event on July 1, to celebrate the second anniversary of Goods and Services Tax (GST) roll out, which will be addressed by Finance Minister Nirmala Sitharaman and her deputy Anurag Thakur.
Finance Minister Nirmala Sitharaman is among the 100 most influential women driving the UK-India relationship forward alongside one of Britain's senior-most Cabinet ministers Penny Mordaunt.
In a written reply to a question in the Lok Sabha, Nirmala Sitharaman said prosecution has been launched in 68 cases.
In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for the assessment year 2018-19 (financial year 2017-18), up 18.65 per cent from over 5.47 crore in the assessment year 2017-18.
The government is considering to increase the personal income tax threshold in Budget 2019-20, according to a Bloomberg report. Budget 2019-20 is set to be presented by Finance Minister Nirmala Sitharaman on July 5.
The agenda of the meeting will also include integration of GST e-way bill system with NHAI's FASTag mechanism from April 1, 2020, to help track movement of goods and check GST evasion.
Budget 2019-20: Finance Minister Nirmala Sitharaman will present the full-year budget for financial year 2019-20 on July 5. This will be the first budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after securing a massive mandate in May. The Budget Session began on June 17 and will end on July 26.
Making his submissions at a meeting convened by the Union Finance Minister for pre-budget consultations with stakeholder groups from agriculture and rural development at New Delhi on Tuesday, NDDB Chairman Dilip Rath also pitched for reduction of GST on breeding outputs, besides a cut in import duty on import of bovine germplasm.
Nirmala Sitharaman, the first full-time woman finance minister, is set to present her maiden Budget on July 5 in the Lok Sabha.
The International Monetary Fund (IMF) has cut its forecast for global growth from 3.6 per cent last year to 3.3 per cent in 2019.
Inundated with congratulatory messages, the Twitter handle of the new Minister of Finance and Corporate Affairs also contains in-depth advices on the next level of economic reforms and growth-oriented moves that she should undertake.
This is a Nirmala Sitharaman appreciation post -- and she totally deserves it.
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.
Former foreign secretary S Jaishankar is considered close to Prime Minister Narendra Modi and was a surprise pick, while Sitharaman, the first woman to be appointed as a full-time Defence Minister in September 2017, was sworn in for a second term as Union minister.
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