"Nothing stops them from coming and doing business. There are actually a lot of private Banks already in India. Private insurance companies already in India. Private insurance companies which are not Indian, which are already in India," Sitharaman said.
Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like digital inclusion and sustainable energy.
Union Finance Minister Nirmala Sitharaman has stressed that job creation is the most critical issue worldwide, particularly given the persistent economic challenges and rapid technological advancements that are reshaping the labor market.
Sitharaman said that she is looking forward to the World Bank taking forward the Independent Evaluation Group's (IEG) recommendations on MDBs reforms from India.
While participating in a panel discussion on the 'Bretton Woods Institutions at 80: Priorities for the Next Decade', organised by the Center for Global Development, Sitharaman spoke on how India has extended a line of credit to many African nations to build their institutions, bridges, se
While participating in a panel discussion on the 'Bretton Woods Institutions at 80: Priorities for the Next Decade', organised by the Center for Global Development on the sidelines of the World Bank and International Annual Meetings 2024 in Washington, DC, Sitharaman stated that no countr
Union Finance Minister Nirmala Sitharaman, during an interaction session at Columbia University, said that inequality is better bridged nowadays than ever before in the country, adding that several measures have been taken in the past ten years by adopting a "comprehensive approach to life."
The future of global economic growth will be shaped by strategic partnerships rather than traditional multilateral trade, and India is well poised to take advantage of the global transition, said Union Finance Minister Nirmala Sitharaman at Columbia University during her US visit.
While addressing the Roundtable on Investment Opportunities in India' at the New York Stock Exchange on Monday, Sitharaman termed improving the ease of doing business parameters and reducing the regulatory and compliance burdens for enterprises in India as New Delhi's policy cornerstone.<
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday said that Kerala's youth can become powerful brand ambassadors of the Industrial Revolution 4.0, which is guided by advanced technologies such as artificial intelligence, machine learning and more.
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'.