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HomeTag: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman calls on US semiconductor makers to invest in India

Finance minister Nirmala Sitharaman has called on American semiconductor firms AMD, Western Digital and Micron Tech to boost investments in India, taking advantage of a Rs 76,000-crore production-linked incentive (PLI) scheme that was announced recently to woo large chip makers. In a meeting in San Francisco with top executives of semiconductor firms, Sitharaman highlighted opportunities …

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Rules block India’s efforts: WTO to help untie wheat export knot

World Trade Organization (WTO) director general Ngozi Okonjo-Iweala is looking ‘positively’ at resolving the issue that is hampering India’s bid to ship out wheat from state granaries to other countries that are facing a shortage caused by the Russia-Ukraine conflict, finance minister Nirmala Sitharaman has said in Washington. The WTO rules make it difficult for …

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Finance Minister Nirmala Sitharaman calls for joint efforts to protect economies from shocks

Global growth momentum has been obstructed by prolonged inflation, supply-chain disruption, volatility in energy markets and investor uncertainty, finance minister Nirmala Sitharaman has said, as she called on the G-20 nations to take the lead in shaping international policy co-ordination to deal with the “macroeconomic consequences”. Participating in the meeting of G20 finance ministers and …

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Strong US-India relationship to strengthen global order: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the US-India relationship is at its best and will strengthen the global order in these challenging times. This is one of those times when these two large democracies have found their space and they are comfortable working with each other, she said in a recorded video conversation released …

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Nirmala Sitharaman assures Sri Lankan counterpart of all possible assistance from India

Finance Minister Nirmala Sitharaman has met her Sri Lankan counterpart Ali Sabry here and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to the island nation amidst its worst economic crisis. Sri Lanka, which is on the brink of bankruptcy, is grappling with …

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FM Sitharaman leaves for US to attend World Bank, IMF meetings

Finance Minister Nirmala Sitharaman will be leaving for the US later on Sunday to attend the spring meetings of the World Bank and the IMF as well as G20 finance ministers and central bank governors (FMCBG). During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, …

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The crypto conundrum: The volatility of crypto is reflected in its political acceptance as well

By Shubhangi Shah Since its launch in 2009, cryptocurrencies have seen towering highs and steep lows. From bitcoin, the most popular digital currency, reaching a price as high as $46,715 to investors being siphoned off $600 million, a lot has happened in the world of cryptocurrencies this year. It might be impossible to challenge the …

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Lok Sabha approves accountancy Bill: FM says changes won’t impact autonomy of institutes

The Lok Sabha on Wednesday approved a Bill to rejig the functioning of the institutes of chartered accountants, cost accountants and company secretaries. The Chartered Accountants, Cost and Works Accountants and Company Secretaries (Amendment) Bill seeks to appoint non-chartered accountant (CA), non-cost accountant and non-company secretary as the presiding officer of the disciplinary committees of …

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Govt widens scope of loan guarantee scheme

The Finance Ministry on Wednesday expanded the scope of the Rs 5 lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) to support MSMEs engaged in travel, tourism and hospitality sectors to overcome the impact of the COVID-19 pandemic impact. The coverage, scope and extent of benefits under ECLGS 3.0 pertaining to hospitality, travel, tourism and civil …

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EPF rate reflects market realities: FM Nirmala Sitharaman

She said Sukanya Samriddhi Yojana offers 7.6% interest, Senior Citizen Saving Scheme 7.4%, Public Provident Fund 7.1% and State Bank of India’s 5-10 year fixed deposits 5.5%. Defending the decision of Central Board of Trustees (CBT), the highest decision-making body of the Employees’ Provident Fund Organisation (EPFO), to lower the interest on PF deposits for …

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