Finance Minister Nirmala Sitharaman expressed her Hindi-speaking abilities in a series of emotive comments. Sitharaman, who seemed angry while appearing in the Lok Sabha, said that she comes from a place where studying Hindi is considered a crime. She wondered if forcing people not to learn Hindi was also an imposition. “Mai aise state se … Read more
Finance Minister Nirmala Sitharaman remarked that the proposed revisions to banking regulations will strengthen India’s banking industry and protect investors. Moving the bill for consideration and passage in the Lok Sabha, the Minister stated that 19 amendments are proposed to change the Reserve Bank of India Act of 1934, the Banking Regulation Act of 1949, … Read more
On Tuesday, the NPS Vatsalya program was introduced by Finance Minister Nirmala Sitharaman. This scheme enables parents to invest in a pension account and prepare for their children’s future. Parents can visit a bank or post office, or sign up online, to enroll to NPS Vatsalya. To start a Vatsalya account, you must deposit at … Read more
Union Finance Minister Nirmala Sitharaman and chiefs of public sector banks (PSBs) held a meeting to discuss mobilizing deposits through special drives and strengthening customer bonds. The gathering came amid concerns that deposits are increasing slower than credit. Sitharaman recommended banks to maximize the breadth of resolution and recovery services provided by the National Company … Read more
Nitin Gadkari, the minister of roads, transport, and highways, wrote to Nirmala Sitharaman, the minister of finance, requesting the removal of the 18% Goods and Services Tax (GST) from life and health insurance premiums. According to Nitin Gadkari, the GST limits industry expansion and amounts to taxing life’s uncertainties. The 18% GST applies to both … Read more
The National Democratic Alliance (NDA) government, which is led by the Bharatiya Janata Party (BJP), has gradually raised the budget for education over time, putting a focus on digitization and skill development. The Union Budget for 2024 will be presented in its entirety by Finance Minister Nirmala Sitharaman in July, which would be her seventh … Read more
Finance Minister Nirmala Sitharaman expressed confidence on Wednesday that India will become the world’s third biggest economy, valued more than $5 trillion by 2027-28, and a developed nation by 2047, with a GDP of $30 trillion. India has a GDP of around $3.4 trillion and is now the world’s fifth largest economy, trailing only the … Read more