Nirmala Sitharaman
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Economy
Govt aims sustained recovery; infra spends will have multiplier effects, says FM Sitharaman
Speaking at a post-budget interaction with the industry in the financial capital of the country, Sitharaman said the budget has been prepared at a time when the economy is coming out of the impact of the pandemic. Union Finance Minister Nirmala Sitharaman on Monday said the government wants a sustained recovery and the budget proposals on infrastructure building are an…
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Economy
Tackling pandemic: Multilateral bodies need to provide more funds, says FM Nirmala Sitharaman
Sharing her views on garnering funds for global public goods at a G-20 event, Sitharaman said: “Increased funding would be needed from multilateral development banks. Finance minister Nirmala Sitharaman on Thursday exhorted multilateral financial institutions to step up funding to low and middle-income countries to bolster their preparedness to deal with any pandemic in the future. Such nations, the minister…
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Bonds
India to sort out issues for inclusion of bonds in global bond indices: Sitharaman
NEW DELHI: India’s finance minister on Thursday said that the government will sort out issues relating to inclusion of the country’s bonds in global bond indices, a move that could pave way for attracting foreign investors to India’s growing debt market. India’s efforts since 2019 towards getting its sovereign bonds included in global bond indexes have been delayed by certain…
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Top News
Nirmala Sitharaman pitches for expeditious, equitable distribution of vaccines to aid global recovery
Participating in the first G20 Finance Ministers and Central Bank Governors meeting under G20 Indonesia presidency, Sitharaman stressed that it is crucial to address the gaps in global pandemic preparedness and the work of G20 Joint Finance and Health Task Force should progress in this direction. Finance Minister Nirmala Sitharaman on Thursday pitched for expeditious and equitable distribution of vaccines…
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Economy
Budget 2022 balances growth with consolidation; clear head room for lowering fiscal deficit
‘All in all, this budget has set clear long term goals and, in keeping with big Government globally, there are large dollops of spending on infrastructure to push growth. As inflation is contained globally, funding fiscal deficit through capital account surplus would be increasingly difficult. I see clear head room for lowering fiscal deficit and creating space for private borrowing.’…
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Economy
Finance minister Nirmala Sitharaman says govt, RBI working in harmony on crypto issue
On the assumption of a normal monsoon in 2022, the central bank has projected retail inflation for FY23 at 4.5%, against 5.3% for the current fiscal. The government and the Reserve Bank of India (RBI) have been working in “completely harmony” in relevant matters, finance minister Nirmala Sitharaman asserted on Monday, suggesting that both are on the same page on…
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Economy
Inflation projections quite robust, says Shaktikanta Das; govt, RBI in harmony on cryptocurrency
India’s inflation projections are robust and all possible scenarios in the oil price range have been taken into account, Reserve Bank of India governor Shaktikanta Das said after the RBI board meeting. India’s inflation projections are robust and all possible scenarios in the oil price range have been taken into account, Reserve Bank of India governor Shaktikanta Das said after…
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Economy
Budget’s MGNREGA spend cut perplexing, capex focused on less employment intensive sectors: India Ratings
Amid widespread welcoming of Finance Minister Nirmala Sitharaman’s Budget for its 35 per cent increase in capital expenditure, India Ratings said the focus is on less employment intensive sectors like roads and long gestation projects. Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as “perplexing” by India Ratings on Friday. On the over…
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Top News
Not Doing Anything To Legalise Or Ban Crypto At This Stage: Nirmala Sitharaman
“We have only taxed the profit emanating from the crypto transactions,” Nirmala Sitharaman said. New Delhi: Finance Minister Nirmala Sitharaman on Friday said that banning or not banning cryptocurrencies will come subsequently after consultations. In her reply on Union Budget 2022-23 in Rajya Sabha, Ms Sitharaman stated, “The government has sovereign right to tax profit made from cryptocurrency transactions, and…
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Economy
Budget 2022: Govt contained retail inflation at 6.2 pc despite biggest contraction in economy, says FM Sitharaman
Replying to a general discussion on the Union Budget in Rajya Sabha, the minister said, the Budget for 2022-23 fiscal year, stands for continuity, brings stability to the economy along with predictability of taxation. Finance Minister Nirmala Sitharaman on Friday said the Indian economy suffered the biggest contraction due to COVID-19 pandemic, but the government has been able to contain…
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