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Searched Tag: finance minister nirmala sitharaman

FM Sitharaman reviews bank performance, deposit issues

August 19, 2024, 06:24 PM - 2 min read

Finance Minister Nirmala Sitharaman held a performance review meeting with public sector bank leaders on Monday, urging them to boost deposit growth. She advised bank chiefs to concentrate on core banking activities and accelerate deposit growth by introducing innovative products.

Union Finance Minister Nirmala Sitharaman along with RBI Governor Shaktikanta Das and Finance MoS Pankaj Chaudhary addresses a press conference after the Central Board of Directors meeting of the Reserve Bank of India in the customary post-budget meet, at Reserve Bank of India in New Delhi, Saturday, Aug.10, 2024.

FM calls for banks to revisit traditional deposit methods

August 10, 2024, 05:30 PM - 2 min read

During a post-budget meeting with the central board of the Reserve Bank of India (RBI) on Saturday, Sitharaman highlighted the need for banks to adopt “old-fashioned” methods to attract deposits through innovative and appealing schemes.

Union Finance Minister Nirmala Sitharaman. File photo.

GST protests on insurance premium a 'drama', says Sitharaman

August 8, 2024, 08:52 AM - 2 min read

Sitharaman asserted that critics should have consulted their state finance ministers, who are integral members of the GST Council.

Over the past decade, the debt burden has seen a dramatic rise. From ₹29,972 crore in 2010-11, the liabilities have more than tripled, growing by approximately 3.5 times in just ten years.

J&K’s financial debt tripled in one decade: Report

August 2, 2024, 03:38 PM - 2 min read

Over the past decade, the debt burden has seen a dramatic rise. From ₹29,972 crore in 2010-11, the liabilities have more than tripled, growing by approximately 3.5 times in just ten years.

Gold price drops; How much will 10 grams cost now?

August 1, 2024, 06:12 PM - 2 min read

This announcement follows the Union Budget 2024, during which Finance Minister Nirmala Sitharaman revealed a substantial cut in the import duty on gold from 15% to 6%.

Union Minister of Road Transport and Highways, Nitin Gadkari (L), Finance Minister Nirmala Sitharaman (R).

Gadkari urges Sitharaman to scrap GST on insurance premiums

July 31, 2024, 02:28 PM - 2 min read

In his letter to the Finance Minister, Gadkari expressed the concerns of the Nagpur Division Life Insurance Corporation Employees Union. The union had submitted a memorandum highlighting the issues faced by the insurance industry.

This Bill aims to authorise payments and appropriations from the Consolidated Fund of the Union Territory of Jammu and Kashmir for the financial year 2024-25.

FM to move J&K appropriation bill in Parliament today

July 29, 2024, 01:13 PM - 2 min read

This Bill aims to authorise payments and appropriations from the Consolidated Fund of the Union Territory of Jammu and Kashmir for the financial year 2024-25.

FM hits out at K'taka govt for inflation, poor law & order

July 28, 2024, 09:15 PM - 2 min read

Responding to Siddaramaiah, Sitharaman said the state’s economy worsened mainly owing to the hike in prices of fuel, milk and stamp duty as well as poor capital expenditure.

Finance Minister Nirmala Sitharaman (L), West Bengal Chief Minister Mamata Banerjee (R).

Sitharaman, PIB fact check denies Mamata's "mic muting"

July 27, 2024, 03:10 PM - 2 min read

The accusation was swiftly countered by Union Finance Minister Nirmala Sitharaman and a fact-check by the Press Information Bureau (PIB).

Assam Chief Minister Himanta Biswa Sarma (L), Union Finance Minister Nirmala Sitharaman (R).

Assam CM heaps praise on Union Budget, meets Sitharaman

July 24, 2024, 07:26 PM - 2 min read

During a meeting in the capital, Sarma expressed gratitude for the budget’s provisions, which he described as pivotal for a "Viksit Bharat."

Union Finance Minister Nirmala Sitharaman shows a red pouch carrying the Budget documents, outside the Finance Ministry in North Block before leaving for the Parliament where she will table the Union Budget 2024-25, in New Delhi, Tuesday, July 23, 2024.

Finance Min charts bold course for India's economic future

July 23, 2024, 07:46 PM - 2 min read

The budget seeks to address pressing challenges while positioning India for long-term growth and prosperity in an uncertain global financial landscape.

Limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun' category.

Budget: Microcredit loan limit doubled for small businesses

July 23, 2024, 06:07 PM - 2 min read

Limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun' category.