Nirmala Sitharaman

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

News and Trends

Buying Amul Products Is Not Against Karnataka, Says Nirmala Sitharaman

The minister further emphasized the importance of healthy competition, which has led to India becoming the world's largest milk producer and argued that the focus should be on strengthening India in every aspect, rather than creating political issues around the dairy industry

News and Trends

Crypto Issue Requires Immediate Attention, Says Nirmala Sitharaman

The minister further noted that there was consensus among G20 members to have a globally coordinated policy response on crypto assets that takes into consideration the full range of risks, including those specific to emerging markets and developing economies

News and Trends

India's G20 Presidency Aims To Develop a Common Framework To Deal With Crypto Risks, Says Nirmala Sitharaman

According to the finance minister, G20 is trying to bring together all countries to address debt distress in middle-income and low-income nations like Sri Lanka and Ghana

News and Trends

India Wants WTO To Be More Progressive To Other Countries, Says Nirmala Sitharaman

The finance minister also said that WTO needs to give more space to the countries which have something different to say and not just hear

News and Trends

Inflation Has Been Kept At 6% Or Below Despite Adverse Circumstances, Says Nirmala Sitharaman

The finance minister also added that price rise is a matter on which the Centre is very sensitive and responsive

News and Trends

Stand-Up India Scheme: Government Sanctions More Than INR 40,700 Crore To Over 1.80 Lakh Accounts

Stand up India Scheme, launched on April 5, 2016, with a focus on economic empowerment and job creation, has been extended up to 2025

News and Trends

Nirmala Sitharaman Reviews PSBs Performance Amid Stress In US Fin Systems

The report stated that the minister advised the banks remain vigilant about the interest rate risks and regularly undertake stress tests

News and Trends

Finance Bill 2023 Passed: Key Takeaways

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