The Latest Breaking News from Nirmala Sitharaman

Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming

Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment…

The Economic Times · 1h ago

Nirmala Sitharaman pitches for public, private capital to build financially sustainable cities

Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve these goals. Various urban development initiatives have been established to support this approach effectively. The Urban Challenge Fund aims to improve municipal finances and…

The Economic Times · Oct 16

China says ready to address each other's concerns after Sitharaman flags trade barriers

China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services. She said that India has not resorted to punitive tariffs to reign…

The Economic Times · Oct 16

World Bank should focus on mobilising greater private capital and creating jobs, says FM Sitharaman

Nirmala Sitharaman emphasized the importance of private capital in creating jobs and boosting productivity during her address. She outlined six priorities for the World Bank Group to enhance its development impact, integrating private sector engagement. Sitharaman highlighted the need for affordable financing and addressing market failures to foster job creation.…

The Economic Times · Oct 15

'INDI alliance parties ruined PSBs': Sitharaman responds to Akhilesh's 'Season End Sale' remarks on IDBI-Fairfax deal

Finance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav's allies of ruining public sector banks during their tenure in the UPA government. Sitharaman emphasized that the NDA government has revitalized the banking system through transparency and capital infusion. The Cabinet…

The Economic Times · Oct 14

IDBI Bank strategic restructuring to attract FDI, boost banking sector, says FM Sitharaman

The Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government retains a minority stake in the bank after its recovery, enabling further growth. Fairfax Financial Holdings will acquire a 60.72 percent stake in the bank for Rs 52,878 crore. The transaction…

The Economic Times · Oct 14

Rs 5 lakh crore worth FII outflows since 2024 capital gains tax hike wreak havoc on Dalal Street. Is a reversal on the cards?

Foreign investors have sold over Rs 5 lakh crore of Indian equities since the 2024 capital gains tax hike, with outflows intensifying in 2026. Finance Minister Nirmala Sitharaman’s comments on LTCG and STT have revived hopes of tax relief, but analysts remain divided on whether any rejig can trigger a…

The Economic Times · Oct 14

D-Street braces for weak opening on negative GIFT Nifty cues

The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest dip of the day. Positive remarks from Finance Minister Nirmala Sitharaman are likely to bolster investor confidence regarding the long-term capital gains tax. A decline in the India VIX suggests…

The Economic Times · Oct 14

RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She…

The Economic Times · Oct 13

FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?

Indian equities rallied on Tuesday, with the Sensex surging over 1,100 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices…

The Economic Times · Oct 13