Nirmala Sitharaman

News and Trends

Union Budget 2025: How Industry Leaders View the Future

Overall, the Union Budget 2025 lays out a progressive and strategic vision for India's economic growth, balancing immediate fiscal responsibility with long-term development goals. Business leaders across industries have largely welcomed these initiatives, acknowledging their potential to drive inclusive and sustainable growth

News and Trends

Budget 2025 Ups Focus on Fintech and New-age Tech, Garners Positive Response from VCs

Union Budget 2025 has put a heightened focus on new-age technology and fintech alongside other areas, which has gathered a positive response from the venture capital (VC) community.

News and Trends

Budget 2025: ₹10,000 Crore 'Fund of Funds' Announced For Startups

Nirmala Sitharaman, the Union finance minister announced today, the introduction of a new 'Fund of Funds' for startups with a fresh contribution of INR 10,000 crore.

News and Trends

What The MSME Industry Expects from Union Budget 2025

With the nation's ambition to reach a $5 trillion economy and achieve the long-term vision of Viksit Bharat by 2047, the government's budgetary priorities will play a crucial role in shaping the country's economic trajectory.

News and Trends

Stakeholders Expect Budget to Capitalise on India's Momentum and Improve Credit Access to Businesses

Although India maintains its position as one of the biggest economies in the world, GDP growth has recently plummeted to a 7-quarter low of 5.4 per cent in the second quarter of FY25.

News and Trends

Budget Expectations for MSMEs in 2025

Representing nearly 30 per cent of India's GDP and employing over 110 million people, the MSME sector is a cornerstone of the Indian economy. As India aspires to become a $5 trillion economy, empowering its MSME sector will be critical in realizing this ambitious vision.

News and Trends

Startups Expect PLI scheme Inclusion, Conducive Policy Framework from Union Budget

The finance minister recently held a pre-budget consultation with representatives of trade unions, with regards to the preparation of the union budget, with the meeting focused on understanding the opinions of trade unions in relation to the upcoming budget.

News and Trends

Finance Ministry Appoints C S Setty and Uday Kotak to NIIF Governing Council

C S Setty, Chairman of SBI, replaces Dinesh Khara, while Uday Kotak, veteran banker and director at Kotak Mahindra Bank, takes over from T V Mohandas Pai.

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

End of Angel Tax: Investor Community Celebrates as Government Abolishes Controversial Act

Much rejoicing was seen in the startup community and especially among the industry leaders from the 'Funds' side of things, as the Indian Central Government abolished what was known as 'Angel Tax' in a historic budget announcement led by Finance Minister Nirmala Sitharaman.

Finance

Union Budget 2024: FM Nirmala Sitharaman Gives Boost to MSMEs

Finance Minister Nirmala Sitharaman announced the Budget for 2024, giving a significant boost to MSMEs through a self-financing guarantee fund providing coverage of up to INR 100 crore per applicant

News and Trends

Will Nirmala Sitharaman Go Soft on Crypto in Her 2nd Term as FM?

The harsh treatment of 30 per cent tax on profit and one per cent VDA coupled with India's decision to not yet ban the currency has left many in a fix. So, what does the coming times mean for crypto players in India

News and Trends

Indian Companies Can Go For Overseas Listing, Says Nirmala Sitharaman

The approval came after three years of announcement as part of the Covid relief package, which will enable domestic companies to access foreign funds by listing their shares on various exchanges overseas

News and Trends

Working With MeitY And RBI; FM On Ponzi Apps

Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them