Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in a key meeting in New Delhi held discussion with Prof. Nick Stern, a member of the G20 Independent Expert Group on strengthening Multilateral Development Banks (MDBs).
The discussion highlighted the strengthening ties between India and Bhutan, with Lyonpo Lekey Dorji expressing gratitude for India's continued development support during Bhutan's 13th Five Year Plan.
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
"Aided by buoyant revenue generation, restrained revenue expenditure growth and healthy economic activity, the fiscal deficit is estimated to decline further from 5.6 per cent of GDP in FY24 (provisional actuals) to 4.9 per cent in FY25," she said.
Union Finance and Corporate Minister Nirmala Sitharaman on Thursday invited European investors to invest in Indian infrastructure and the green transition industry during a meeting with the delegation led by European Commissioner for Budget and Administration, Johannes Hahn.
Union Finance Minister Nirmala Sitharaman hailed the recently reported remarkable surge in manufacturing jobs and wages for workers in FY-23. As per a government survey, manufacturing jobs have risen by 7.6 per cent and wages saw a 5.5 per cent boost in FY-23.
Youth wing of the Congress party on Tuesday held protests outside the residence of Union Finance Minister Nirmala Sitharaman over the issue of 'Electoral Bond Scheme'.
Union Finance Minister Nirmala Sitharaman chaired a meeting to review the performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh, on Monday.
Karnataka Law Minister H K Patil on Monday asked Prime Minister Narendra Modi to react to the alleged electoral bond case against Finance Minister Nirmala Sitharaman and others.
The Karnataka High Court on Monday ordered an interim stay till October 22, 2024, on an FIR filed against Union Minister Nirmala Sitharaman and others in a case related to alleged extortion of money through electoral bonds.
After the Bengaluru Court ordered to file an FIR against Union Minister Nirmala Sitharaman and others for allegedly extorting money through electoral bonds, BJP MP Jagadish Shettar Monday said it is happening at the "instigation" of the Siddaramaiah government.
Union Finance Minister and BJP leader Nirmala Sitharaman hits out at Congress President Mallikarjun Kharge on Monday over his statement, where he linked his health to PM Modi during a speech in Jammu and Kashmi, saying that the Congress leadership never loses any opportunity to display th