Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the eighth Pre-Budget Consultation meeting with stakeholders and representatives from trade unions on Monday. The discussion was held in connection with the preparation of the Union Budget 2025-26.
The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy.
Union Finance Minister Nirmala Sitharaman highlighted that the 15th Finance Commission has devolved more funds to states in 45 months than the total funds devolved by the 14th Finance Commission over 60 months.
India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.
Finance Ministry in its latest monthly economic review stated that the upcoming administration in US after the win of Donald Trump in the latest elections is set to play an important role in trade dynamics globally.
Union Finance Minister Nirmala Sitharaman highlighted India's significant progress in electrification, water accessibility, and economic empowerment during a fireside chat with John J Hamre, President and CEO of the Center for Strategic and International Studies (CSIS), in Washington, D.C.
Finance Minister Nirmala Sitharaman stated that India wouldn't have been the fastest-growing economy if the people hadn't utilized the digital infrastructure.
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasized the urgent need for sustainable and resilient infrastructure, especially in light of the global challenges posed by climate change and geopolitical tensions.
Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).