Finance Minister
Not waived off loans to big companies, Nirmala Sitharaman tells Parliament
Replying to a question in the Lok Sabha by CPI member K. Subbarayan, who sought to know whether the government will waive off education loans of poor students who are pursuing higher education, just as the "government has written off several lakhs of crores rupees for the big companies", Nirmala Sitharaman said that "we have not waived off the loans availed by big companies".
Finance Minister to begin pre-budget consultations from Monday
On Monday, she will hold consultations with the industry captains and experts on infrastructure and climate change in two groups. On November 22, Sitharaman will meet representatives of agriculture and agro processing sectors. Later on the same day, she will meet representatives from the capital markets and financial sectors. Representatives from the service, trade, and social sectors would meet her on November 24 to discuss the sectoral issues for the Union Budget 2023-24.
Government okays final green bonds framework
The proceeds generated from issuance of such bonds will be deployed in public sector projects which help in reducing carbon intensity of the economy. Finance Minister Nirmala Sitharaman had announced in her budget speech on February 1 this year that sovereign green bonds will be issued for mobilising resources for green projects.
Finance minister lauds state-owned banks for recording profits
In a series of tweets, she said, "The continuous efforts of our government for reducing the NPAs and further strengthening the health of PSBs are now showing tangible results. All 12 PSBs declared net profit of Rs 25,685 cr in Q2FY23". She said that the combined net profits of public sector banks recorded a year-on-year growth of 50 per cent.
Greater investment needed in coal production projects: Nirmala Sitharaman
Launching the sixth round of coal mine auction of the Ministry of Coal here the finance minister Nirmala Sitharaman highlighted that India is at present the best investment destination in the world. The minister pointed out that due to policy consistency and transparent process of the present Government, coal imports for power sector has come down by 41 per cent.
FM Nirmala Sitharaman to launch 6th round of commercial coal mines auction on Nov 3
According to a statement issued by Coal Ministry, the coal mines to be auctioned are fully-explored and partially-explored coking and non-coking mines. Coal Minister Pralhad Joshi will also be present on the occasion."Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform," the statement added.
Finance Minister says India's growth resilient despite exogenous threats
She made these observations while attending the 7th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), via video conferencing. Nirmala Sitharaman appreciated the AIIB for its continued commitment and dedication to assist members and for providing high-quality development finance.
Housing IPRs overseas, funding, talent among reasons for startups moving out of India
Recently, Union Finance Minister Nirmala Sitharaman said the government can talk to the Indian startups and address their concerns so that they can stay in the country rather than moving out. There is a trend of Indian startups after their initial growth period move out to the US, Singapore and even the United Arab Emirates (UAE), industry officials said.
Pakistan to seek debt rescheduling from creditors:
Pakistan Finance Minister Ishaq Dar has also stated that he will be putting forward the proposal of debt rescheduling, which, he said, will be coupled with timely payments to commercial and Paris Club lenders, to maintain a balance between growing financial needs and maintaining creditworthiness.
Mustard oil producers urge FM Nirmala Sitharaman to remove stock limit on oilseeds
A representation in this regard was given to Nirmala Sitharaman by the association on Monday, which said that farmers have toiled hard to increase the production of oilseeds following which the import of edible oil came down to 135 lakh tonnes from 150 lakh tonnes.
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