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The Latest Breaking News from Nirmala Sitharaman

Rupee value is market-driven, has no target band against US dollar: FM Sitharaman

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange markets and intervenes when needed. Several measures are in place to boost foreign exchange inflows into India. These initiatives aim to ease pressure on the Indian rupee. The government closely tracks economic…

The Economic Times

A flagship 2024 promise, a 99% shortfall: PM internship scheme spent nearly as much on ads as interns

It was the summer of 2025. The advertisements about the Narendra Modi government’s new internship scheme were splashed across newspapers, TV channels and social media. Like lakhs of others, P Adarsh*, 22, noticed them from his hometown Bhilai in Chhattisgarh. After finishing his degree in agricultural engineering a while ago,…

Newslaundry

FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks are employing customized digital strategies to engage the NRI diaspora effectively. International Banking Units at GIFT City are being utilized…

The Economic Times

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FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss…

The Economic Times

FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisation

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative…

The Economic Times

India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is…

The Economic Times

'A video on Facebook, a chat on Telegram': Deepfake Nirmala Sitharaman scam costs Bengaluru professor Rs 61 lakh

A Bengaluru professor lost over sixty-one lakh rupees in a sophisticated cyber fraud. She was lured by a deepfake video featuring Finance Minister Nirmala Sitharaman. Fraudsters used fake platforms and overseas calls to convince the victim to transfer money. They initially showed fabricated profits to strengthen her confidence in the…

The Economic Times

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Middle class, aspirational consumers to drive 93% of India's spending by 2036: Sitharaman

India's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by 2036. This growth is increasingly driven by tier two and three cities, indicating a wider distribution of wealth. Government policies, including financial inclusion, digital access, tax adjustments, and…

The Economic Times

India, France discuss critical minerals, investments at Economic and Financial Dialogue

India and France are set to bolster economic ties, focusing on critical minerals and financial connectivity. Finance Minister Nirmala Sitharaman and her French counterpart explored enhanced cooperation in multilateral forums and boosting cross-investments, particularly in high-speed rail.

The Economic Times

Sitharaman urges French firms to invest in India's AI, clean energy push

Union Finance Minister Nirmala Sitharaman urged French businesses to boost investments in India, highlighting vast opportunities in AI, clean energy, healthcare, and digital infrastructure. She emphasized the strong India-France partnership driving innovation and sustainable growth, noting a doubling of bilateral trade and the presence of 1,000 French firms. Sitharaman invited…

The Economic Times

Finance Minister Sitharaman embarks on 4-day official visit to France to bolster economic ties

Finance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategic Partnership and economic ties. A key focus is the Economic and Financial Dialogue, co-chaired with her French counterpart, to explore avenues for enhanced bilateral cooperation and investment.

The Economic Times

State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, not just revenue expenditure. She stressed that infrastructure development creates lasting economic benefits and jobs. Sitharaman also highlighted the Centre's policy to support medical colleges in every district and called for…

The Economic Times

Seven-fold rise in funds under externally aided projects in northeast under Modi government: Nirmala Sitharaman

Chairing a conference on "Leveraging externally aided projects in the northeastern states" here, she said that assistance under the externally aided projects (EAP) in the northeastern region has seen a seven-fold rise under the Narendra Modi government.

The Economic Times

With sustainable agriculture, Northeast has potential to become India's next growth engine: Sitharaman

Meghalaya's organic produce can drive India's growth. Union Finance Minister Nirmala Sitharaman inaugurated a large organic spice plant. She highlighted Meghalaya's trust in global markets. The state's focus on quality over volume is key. This development aligns with India's ambition for a developed nation by 2047. The Northeast is central…

The Economic Times

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The Economic Times

HDFC and Nippon Life India AMC shares rally upto 6% after FM Sitharaman hints at more foreign capital measures

HDFC AMC and Nippon Life AMC shares surged up to 6% after Finance Minister Nirmala Sitharaman indicated further measures to attract foreign capital. Expectations of increased overseas participation, supportive RBI actions and improving global sentiment lifted financial stocks and broader markets.

The Economic Times

US-Iran peace deal brings relief, but India turns to a risk at home

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditions are emerging as the next major test for growth and price stability, shifting focus from imported energy stress to domestic climate risk.

The Economic Times

Nilesh Shah bats for minimum qualifying criteria for F&O trading after Maharashtra man kills family, self over Rs 1.8 cr loss

Following a tragic incident in Maharashtra linked to stock market losses, Kotak AMC's Nilesh Shah called for mandatory qualification criteria for derivatives trading. Citing rising retail F&O losses and SEBI data showing most traders lose money, he urged stronger safeguards to curb excessive speculation in the market.

The Economic Times

Volatile crude prices, forex swings and poor rains pose challenge for India: FM Sitharaman

India's Finance Minister Nirmala Sitharaman highlighted significant economic challenges. These include fluctuating foreign exchange and crude oil prices. Rising fertiliser costs are also a concern. The nation anticipates a potentially weaker monsoon this year. The government is actively preparing for this scenario. Adequate buffer stocks are being maintained to ensure…

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MyLifeXP

What Rahul Gandhi Saw That Triggered the Tsunami Warning

Is India standing on the edge of an economic crisis, or is the country continuing its growth story despite global challenges? That question has suddenly become the center of a heated political battle after Leader of Opposition Rahul Gandhi warned of an approaching "economic tsunami." His remarks sparked strong reactions,…

The Economic Times

Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on…

The Economic Times

3+ cr women-led enterprises registered under Udyam Portal powering growth: FM Nirmala Sitharaman

Women are becoming India's growth engine with over 3 crore women-led enterprises registered under Udyam Portal, said FM Nirmala Sitharaman in a series of tweets on Friday.

The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business…

The Economic Times

SBI pays Rs 8,813 crore dividend to government for FY26, FM Nirmala Sitharaman receives cheque

The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the financial year ending March 31, 2026. This follows SBI's reported 6% year-on-year rise in net profit for the January-March quarter of FY26, reaching Rs 19,684 crore.

The Economic Times

Over 58 crore Jan Dhan accounts bring crores of Indians into formal banking system: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions into formal banking. The Pradhan Mantri Jan Dhan Yojana ensures welfare benefits, insurance, and pensions reach citizens directly. This initiative has empowered Indians, with 56% of account holders being women. India leads globally in poverty reduction.…

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