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The Latest Breaking News from Nirmala Sitharaman

BRICS should work together on transfer pricing as disputes burden developing nations: FM

Finance Minister Nirmala Sitharaman emphasized the need for BRICS nations to improve collaboration on international taxation. She proposed establishing working groups to address transfer pricing disputes, which affect developing countries disproportionately. This effort aims to shape future cross-border taxation rules through multilateral negotiations. Revenue Secretary Arvind Shrivastava highlighted the importance…

The Economic Times · 21h ago

BRICS economies must shape global tax rules for next generation, says FM Sitharaman

Finance Minister Nirmala Sitharaman said BRICS countries need to ensure their views are reflected in the new global tax rules, as decisions taken in the next few years could shape cross-border taxation for a generation.

The Economic Times · Sep 23

Sitharaman urges India Inc to resolve differences before taking disputes to court

Finance Minister Nirmala Sitharaman urged Indian corporates to strengthen internal governance, engage constructively with regulators and resolve disagreements before resorting to litigation. She also called for higher private-sector R&D spending, stronger management capabilities, resilient institutions and more inclusive business models to support India’s growth towards Viksit Bharat by 2047.

The Economic Times · Sep 22

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India’s next consumption wave can’t be built for urban elite alone: FM Sitharaman

Finance Minister Nirmala Sitharaman urged corporate India to look beyond affluent urban consumers. Rising incomes will drive future consumption growth across various sectors. The government is increasing public investment and strengthening digital infrastructure. Private sector participation is expanding into new areas like space and nuclear energy. Indian companies should focus…

The Economic Times · Sep 22

FM Nirmala Sitharaman clarifies UPI MDR charges won't affect consumers, hits out at opposition over misinformation

Finance Minister Nirmala Sitharaman stated Merchant Discount Rate charges will not be passed to consumers. She clarified these charges are between payment service providers for system improvement. Opposition parties were accused of spreading misinformation regarding the UPI MDR framework. Sitharaman also criticized mimicry at a recent Congress event in Indore.…

The Economic Times · Sep 21

FM Sitharaman asks banks to step up financial literacy efforts for MUDRA beneficiaries

Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across states to help small entrepreneurs expand their businesses and bring more people under the scheme.

The Economic Times · Sep 18

PM Modi birthday: Yogi Adityanath, Amit Shah, Nirmala Sitharaman, JP Nadda and others extend greetings as he turns 76

Prime Minister Narendra Modi turned 76 on Thursday, September 17, with Union ministers and BJP leaders extending birthday greetings and highlighting his leadership and public service. Messages from Yogi Adityanath, Amit Shah, Piyush Goyal, S Jaishankar, Nirmala Sitharaman, JP Nadda, Rajnath Singh, Shivraj Singh Chouhan and Devendra Fadnavis praised his…

The Economic Times · Sep 17

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No more tax wishlists? FM Sitharaman asks experts to make the case for what should go

Finance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking them to identify provisions that no longer serve the tax system, even when they benefit from them. She said India remains better placed economically despite global challenges and sought evidence-based…

The Economic Times · Sep 16

Assume leadership, put nation first, FM Sitharaman tells Gen Z, Gen Alpha

Finance Minister Nirmala Sitharaman urged young graduates to prioritize national interests in leadership roles. She highlighted India's economic resilience amid global uncertainties and strong growth. Tamil Nadu offers growing opportunities for young professionals in technology and manufacturing. The Union Budget includes provisions to increase women's workforce participation. Graduates were advised…

The Economic Times · Sep 15

Stage being set for levying UPI transaction fee: Cong slams govt

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notification prohibits charges on UPI transactions up to two thousand rupees. However, it leaves transactions above this cap unspecified for merchants. The government states charges are needed for system upgrades…

The Economic Times · Sep 15

FM Sitharaman pushes RBI to sharpen digital rupee as tokenisation takes off

Finance Minister Nirmala Sitharaman urged the Reserve Bank of India to advance digital rupee pilots. She highlighted tokenisation's role in enabling near-instantaneous settlement of financial transactions. Sitharaman advocated for a soft-touch regulatory approach to emerging technologies like artificial intelligence. She warned of AI's risks while emphasizing responsible adoption for competitiveness.…

The Economic Times · Sep 11

FM Sitharamran says AI researcher's resignation raises questions over safeguards

Finance Minister Nirmala Sitharaman on Thursday questioned whether safeguards being developed by frontier artificial intelligence companies are keeping pace with the rapid advancement of the technology, citing the recent resignation of Anthropic researcher Jacob Coxon over concerns about the race towards self-improving AI systems.

The Economic Times · Sep 11

GFF 2026: FM Sitharaman on India’s tech leap, demographic dividend, AI risks and road to global scale

Global Fintech Fest: Sitharaman said that India was experiencing its demographic dividend in real time, with the country’s young population increasingly translating its potential into economic momentum.

The Economic Times · Sep 11

Non-compliance notices issued to 15 Virtual Digital Asset service providers under PMLA

India's Financial Intelligence Unit issued notices to fifteen Virtual Digital Assets Service Providers. These firms operated without complying with anti-money laundering regulations in India. The Director of FIU-India also ordered the takedown of illegal applications and URLs. Fifteen firms were brought under the AML/CFT framework in March 2023. Virtual Digital…

The Economic Times · Sep 9

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The Economic Times · Sep 7

Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representation

The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure. Finance Minister Nirmala Sitharaman met with bank employee representatives to discuss their concerns. The scheme's implementation for 2025-26 will be kept in abeyance. Discussions will continue through…

The Economic Times · Sep 7

Nirmala Sitharaman and IMF Deputy MD Nigel Clarke discuss India's economic outlook and global growth

Finance Minister Nirmala Sitharaman met with IMF Deputy Managing Director Nigel Clarke on Monday. They reviewed India-IMF relations and acknowledged India's role in SARTTAC. Discussions covered India's growth trajectory and global economic changes. The IMF official highlighted India's economic performance and resilience amid global challenges. Clarke also praised government efforts…

The Economic Times · Sep 3

FM Nirmala Sitharaman hails India's 7.8% growth despite global disruptions as 'remarkable'

India achieved 7.8 percent growth in the first quarter of fiscal year 2026-27. This remarkable expansion positions India as the world's fastest-growing major economy. Finance Minister Nirmala Sitharaman highlighted reforms and infrastructure development efforts. These measures foster a conducive investment climate for businesses and banks. India remains committed to fiscal…

The Economic Times · Sep 2

Finance Ministry asks state-owned general insurers to focus on profitable lines of business

Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through…

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The Economic Times · Sep 2

Nirmala Sitharaman pushes deeper India-EU economic ties, critical supply chains

Finance Minister Nirmala Sitharaman met European Commissioner Valdis Dombrovskis to deepen economic ties. They discussed trade, technology, and supply chain resilience cooperation. Sitharaman also met South Korean Deputy Prime Minister Koo Yun-cheol for bilateral talks. Both nations aim to strengthen economic and financial cooperation further. Discussions included investment, critical minerals,…

The Economic Times · Sep 2

Nirmala Sitharaman pushes trade, investment ties in G20 meetings with key partners

Union Finance Minister Nirmala Sitharaman met global leaders during the G20 meeting. She discussed trade and investment cooperation with World Bank President Ajay Banga. Sitharaman also spoke with IMF Managing Director Kristalina Georgieva about economic outlook. Discussions with Poland and Qatar covered expanding bilateral partnerships and trade. Engagements aimed to…

The Economic Times · Sep 2

Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress.

The Economic Times · Sep 2

Nirmala Sitharaman, IMF chief discuss India’s growth trajectory, global economic outlook

Finance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgieva acknowledged India's strong economic performance and evolving growth trajectory. Sitharaman also met World Bank President Ajay Banga and EU Commissioner Valdis Dombrovskis. Discussions focused on deepening economic partnerships and investments. Both leaders emphasized continued engagement for global…

The Economic Times · Sep 1

Rahul Gandhi should apologise for spreading falsehood on Indian economy: BJP

The BJP has lauded Prime Minister Narendra Modi for achieving an impressive 7.8 percent GDP growth. Senior BJP figure Ravi Shankar Prasad attributed this success to the financial acumen of Finance Minister Nirmala Sitharaman. He also challenged Congress leader Rahul Gandhi to apologize for his negative economic assessments, asserting that…

The Economic Times · Aug 31

FM Nirmala Sitharaman meets 3M CEO; explores expansion in advanced manufacturing and R&D

Union Finance Minister Nirmala Sitharaman met 3M Chairman William Brown to discuss India's manufacturing and innovation growth. They assessed institutional priorities, including data security and talent pool engagement. Brown acknowledged India's deep talent pool and government policy support for operations.

The Economic Times · Aug 30

Sitharaman hails India's resilience amid global uncertainties, says govt protected farmers, households

India maintained economic resilience by monitoring global events and focusing on domestic needs. The nation sustained over seven percent growth despite global challenges and pandemic impacts. Fiscal prudence guides India's path to reduce borrowing to fifty percent of GDP. Credit ratings are improving through effective economic management and social welfare…

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