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Why Is India’s Finance Minister Nirmala Sitharaman Calling For Lower Bank Interest Rates?

18 Nov 2024

Finance Minister Nirmala Sitharaman emphasized the need for more affordable bank interest rates, especially in the context of India's growing economic challenges. Speaking at the 11th SBI Banking and Economics Conclave 2024 on November 18, Sitharaman pointed out that the current cost of borrowing has been a major stress factor,...

Sitharaman Meets World Bank President Ajay Banga: Key Discussions On Global Public Goods & MDB Reforms

24 Oct 2024

Union Finance Minister Nirmala Sitharaman held a meeting with World Bank President Ajay Banga on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings 2024, in Washington, DC on Wednesday. During the meeting, the two sides discussed issues related to private capital participation in Global Public...

Nirmala Sitharaman Pays Floral Tribute to Mahatma Gandhi In Mexico

20 Oct 2024

Finance Minister Nirmala Sitharaman paid floral tribute to Mahatma Gandhi at Polanco, Basque de Chapultepec, in Mexico City. On the occasion a Mexican artist performed a rendition of Mahatma Gandhi's favourite bhajan ‘Vaishnav Jan toh’. Sitharaman is in Mexico from October 17 to October 20 to interact with political and...

Ratan Tata Death: Jaishankar and Sitharaman Reflect on His Legacy

10 Oct 2024

On Thursday morning, External Affairs Minister S. Jaishankar expressed his profound condolences following the passing of Ratan Tata, the distinguished industrialist and former chairman of Tata Sons. Jaishankar reflected on Tata's legacy, stating, "The passing away of Ratan Tata is the end of an era. He was deeply associated with...

NPS Vatsalya: FM Sitharaman Launches New Pension Plan for Children

18 Sep 2024

Union Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya scheme on Wednesday (September 18) in line with the announcement made in the Union Budget 2024. The finance minister will also unveil an online platform for subscribing to NPS Vatsalya, release a scheme brochure, and distribute Permanent Retirement Account Number...

GST Council Reduces Tax On Cancer Drugs, Snacks And Air Conditioning Units

10 Sep 2024

Recently, the GST Council decided to reduce the Goods and Services Tax (GST) rate on cancer medications from 12% to 5%. This decision was taken during the 54th GST Council meeting in New Delhi. Which was led by Union Finance Minister Nirmala Sitharaman. In addition to this, the GST rate...

GST Council Meeting Today: What Did Nirmala Sitharaman Announce? Check Out The Key Updates On Tax Rates

09 Sep 2024

The Goods and Services Tax (GST) rates for cancer drugs and savory food items have been reduced, according to an announcement from Union Finance Minister Nirmala Sitharaman following the 54th GST Council meeting. The council has also established a group of ministers (GoM) to review and recommend changes to GST...

FM Nirmala Sitharaman To Interact With PSUs Banks, To Review RRBs & PSB’s Bank Performance

18 Aug 2024

On Monday, August 19, Union Finance Minister Nirmala Sitharaman will lead a significant review meeting at Vigyan Bhawan to evaluate the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). The purpose of this meeting is to assess critical financial indicators and the impact of various government schemes,...

Banks Advised To Stick To Core Areas And Traditional Deposits, Says FM Sitharaman

10 Aug 2024

Finance Minister Nirmala Sitharaman emphasized the need for banks to concentrate on their fundamental functions of lending and deposit collection. Speaking to reporters after the post-budget meeting with the Reserve Bank of India's (RBI) central board, Sitharaman expressed concern about the sluggish pace of deposit growth compared to lending activities....

New Banking Reforms: Finance Minister Introduces Amendment Bill In Lok Sabha

09 Aug 2024

Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill 2024 in the Lok Sabha on Friday. The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking...

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Nirmala Sitharaman

Why Is India’s Finance Minister Nirmala Sitharaman Calling For Lower Bank Interest Rates?

Sitharaman Meets World Bank President Ajay Banga: Key Discussions On Global Public Goods & MDB Reforms

Nirmala Sitharaman Pays Floral Tribute to Mahatma Gandhi In Mexico

Ratan Tata Death: Jaishankar and Sitharaman Reflect on His Legacy

NPS Vatsalya: FM Sitharaman Launches New Pension Plan for Children

GST Council Reduces Tax On Cancer Drugs, Snacks And Air Conditioning Units

GST Council Meeting Today: What Did Nirmala Sitharaman Announce? Check Out The Key Updates On Tax Rates

FM Nirmala Sitharaman To Interact With PSUs Banks, To Review RRBs & PSB’s Bank Performance

Banks Advised To Stick To Core Areas And Traditional Deposits, Says FM Sitharaman

New Banking Reforms: Finance Minister Introduces Amendment Bill In Lok Sabha

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