The Latest Breaking News from Nirmala Sitharaman

Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS told

Higher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdrawn or not filed across ITAT, high courts and the Supreme Court.

The Economic Times · Aug 3

Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says Sitharaman

Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncertainties and risks. Inflationary pressures may arise from both external and domestic factors. Industry investment is improving and critical sectors are seeing growth. The government invites industry engagement for further facilitation…

The Economic Times · Jul 26

Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayers

Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and…

The Economic Times · Jul 24

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 · Jul 12

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 · Jul 10

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 · Jul 9

'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 · Jul 9

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 · Jul 5

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 · Jul 3

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 · Jul 3