Finance Minister

News and Trends

India's Quick Commerce Startups Poised to Go Global, Says Finance Minister Sitharaman

Sitharaman additionally proposed that Prasar Bharati enhance its streaming capabilities to create an international-standard OTT platform.

Finance

MSMEs Expect to Benefit From FM's New Credit Guarantee Scheme

The INR 100 crore credit guarantee scheme is expected to serve as a vital catalyst for MSME growth and resilience by enabling businesses to secure financing without traditional barriers. Industry experts agree that this program has the potential to unlock new avenues of opportunity for MSMEs, encouraging entrepreneurship, fostering local manufacturing, and contributing to the nation's export ecosystem.

News and Trends

India's Innovation Landscape Set for Growth, Says Finance Minister

GCCs, primarily driven by multinational corporations, have seen rapid growth in India, with nearly 56 per cent of their revenue now coming from research and development (R&D) services.

News and Trends

Finance Minister Launches HSBC's Green Hydrogen Partnership

The partnerships are expected to help boost the government's National Green Hydrogen Mission, which is providing policy support towards achieving global leadership in green hydrogen transition

News and Trends

Finance Bill 2023 Passed: Key Takeaways

The Lok Sabha on Friday approved The Bill with 64 official amendments

News and Trends

Centre Open To Inclusion Of Petroleum Products Under GST Regime, Says Nirmala Sitharaman

The finance minister said the fiscal consolidation for which the government had given a road map, they are completely aligning themselves with it

News and Trends

Nirmala Sitharaman Reviews MCA Site Glitches And Directs To Form Special Team To Resolve

The latest version of MCA21 portal was launched on January 23

News and Trends

Discount Discussions Against Scrapped Vehicles With Finance Ministry In Works: Nitin Gadkari

The minister said during the scrapping process, the cost of raw materials for the automotive industry was reduced by 33%, while sales increased by 10%-12%

News and Trends

Nirmala Sitharaman Suggests Changes In Customs Act To Deal With Cryptocurrency: Report

Sitharaman said that there is a cocktail of developments which encompasses the dark web and artificial intelligence, web3 and Meta, and also urged the officials to sit up and take note of these

News and Trends

Finance Minister Concludes Pre-Budget Meetings For Union Budget 2023-24

The meetings were held in virtual mode between November 21 and November 28

News and Trends

NPS Money Belongs To Employees As Per Law, Not For State Governments, Says Nirmala Sitharaman

The finance minister said that it was the previous Congress government of Virabhadra Singh in Himachal that discontinued OPS in 2003 and started NPS

News and Trends

Innovation Plays Key Role In Making India Developed By 2047, Says Nirmala Sitharaman

While pointing out the significance of digitalization that has been laid into medical services, education and software as a service (SaaS) sector, Sitharaman said there is immense potential to take it up further

News and Trends

Inflation Management Cannot Be Singularly Left To RBI, Says Nirmala Sitharaman

The finance minister said that the word 'taming inflation' or the word 'keeping it within the tolerance limit', is an exercise of so many different activities and a majority of which is outside the monetary policy in today's circumstances

News and Trends

Government Is Not Considering Any Charges For UPI, Says Finance Ministry

The ministry also said that the concerns of the service providers for cost recovery have to be met through other means

News and Trends

Regulation Or Ban Of Cryptocurrencies Require Global Collaboration, Says Nirmala Sitharaman

The finance minister said that any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards