Funds deposited for NPS cannot be transferred to State governments: Centre

Funds deposited for NPS cannot be transferred to State governments: Centre

Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur, on February 20, 2023. | Photo Credit: PTI The Central government on February 20 again clarified that the funds deposited for National Pension Scheme (NPS) cannot be given to State governments as per the current laws. Both Finance Minister Nirmala […]

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Govt. monitoring imports to detect any surge that can hurt economy: Finance Minister

Govt. monitoring imports to detect any surge that can hurt economy: Finance Minister

Union Finance Minister Nirmala Sitharaman delivers the keynote address at the ASSOCHAM interactive session on the theme ‘India’s role in the Emerging World Order’, in New Delhi on February 15, 2023. | Photo Credit: ANI The government was keeping a “keen eye” on merchandise import trends to assess if there “was flooding” of any particular […]

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Government keeping eye on inflation: Nirmala Sitharaman in Rajya Sabha

Government keeping eye on inflation: Nirmala Sitharaman in Rajya Sabha

Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of the Parliament, in New Delhi, on December 21, 2022. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on December 21 said the government is keeping an eye on inflation which is purely “extraneous” nowadays because of the fuel and fertilizer prices. […]

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Budget this year to follow spirit of earlier ones: Sitharaman

Budget this year to follow spirit of earlier ones: Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman at the 95th Annual Convention and AGM of FICCI, in New Delhi, Friday, Dec. 16, 2022. (PTI Photo/Atul Yadav) (PTI12_16_2022_000064B) | Photo Credit: – Finance Minister Nirmala Sithataman on December 16 indicated that her forthcoming Budget will continue to push growth on the back of public spending as she […]

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India said to offer incentives to boost shipbuilding industry

India said to offer incentives to boost shipbuilding industry

India could save at least $25 billion annually in foreign exchange if government incentives helped private companies to develop the local shipping industry, says FIEO director general Ajai Sahai. | Photo Credit: Special Arrangement India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as […]

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Finance Minister Nirmala Sitharaman sees capital spending fuelling growth

Finance Minister Nirmala Sitharaman sees capital spending fuelling growth

Nirmala Sitharaman | Photo Credit: PTI India plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told  the Reuters NEXT conference on Wednesday. Ms. Sitharaman was speaking amid consultations for the next Budget, which is expected to be […]

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Trade unions to boycott pre-Budget meeting

Trade unions to boycott pre-Budget meeting

CPI MP Binoy Viswam said limiting the meeting time was an arbitrary move. File | Photo Credit: The Hindu Ten Central Trade Unions (CTUs) have decided to boycott a virtual pre-budget meeting Finance Minister Nirmala Sitharaman had scheduled with them on Monday. The CTUs said they were just provided three minutes each with the Minister […]

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Help bring capital into National Infrastructure Pipeline, PM Gati Shakti: FM to NIIF

Help bring capital into National Infrastructure Pipeline, PM Gati Shakti: FM to NIIF

Sitharaman on Wednesday chaired the fifth meeting of the Governing Council (GC) of National Investment and Infrastructure Fund (NIIF), in New Delhi. Finance Minister Nirmala Sitharaman has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM […]

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World Bank offers to take India’s digitisation to rest of the world, says FM Nirmala Sitharaman

World Bank offers to take India’s digitisation to rest of the world, says FM Nirmala Sitharaman

The Finance Minister said India looks forward to close collaboration with the World Bank during the upcoming G20 Presidency The Finance Minister said India looks forward to close collaboration with the World Bank during the upcoming G20 Presidency World Bank President David Malpass has offered to work with India to take its successful digitisation efforts […]

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Rupee has held up very well against U.S. dollar compared to other currencies: Finance Minister

Rupee has held up very well against U.S. dollar compared to other currencies: Finance Minister

Nirmala Sitharaman says the RBI and the Finance Ministry are keeping a very close watch on the situation Nirmala Sitharaman says the RBI and the Finance Ministry are keeping a very close watch on the situation Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” against the United States dollar […]

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