Finance Minister stresses on dilemmas faced by emerging markets between climate security and growth
Addressing a G7 seminar on economic policies for welfare in Niigata, Japan, the Finance Minister shared that technology improves access for the poor to markets and basic services. She further highlighted that access to digital connectivity has empowered people and there is a need to discuss ways to measure empowerment going.
Sitharaman congratulates Ajay Banga on becoming World Bank president
Union Finance Minister Nirmala Sitharaman on Thursday congratulated Ajay Banga, the former Indian-American head of Mastercard, on becoming the World Bank president. Banga, who was selected as the new World Bank president on Wednesday, had most recently served as vice chairman at General Atlantic.
Sitharaman meets ADB chief, says India remains key partner
The Union Minister, who arrived in Incheon earlier in the day to attend the annual general meeting of ADB, met Asakawa on the sidelines of the event, official sources said. Sitharaman also expressed support to ADB for innovative financing mechanisms to enhance the lending capacity of the bank.
Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy
The meeting took place on Tuesday on the sidelines of the IMF-World Bank Spring Meetings. According to the Finance Ministry, Sitharaman congratulated Gopinath for accelerating India's work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated New Delhi's commitment to foster efforts to address growing debt vulnerabilities.
Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23
Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance Minister Nirmala Sitharaman told the Lok Sabha in a written reply. The Minister saidthat in the case of GST Compensation Cess, the proceeds of the cess leviable is initially credited to the Consolidated Fund of India, in terms of Article 266.
Sitharaman to meet public sector banks chiefs on March 25
This would be the first meeting of the Finance Minister with banks' chiefs after the presentation of the budget, where, according to sources, the discussion is likely to be on the areas highlighted by the budget. Sitharaman is also likely to review the credit flow to key sectors like agriculture, sources in the know of things said.
Nirmala Sitharaman meets French FM Bruno Le Maire
Both the leaders agreed to extend the growing economic cooperation between the two countries to new areas like renewable energy, infrastructure and green cities. The ongoing problems due to debt vulnerabilities of several nations also featured during the discussion between the two leaders.
Youths investing in crypto: Campaign continues to inform on high risk, says Sitharaman
Rahul, a commerce second year student in Jaipur, invested Rs 5,000 and got Rs 1 lakh plus in return a few months later in 2022. Soon after, his cousins and friends started investing their pocket money into it and the trend continues even today. His cousin also invested a huge amount, however the currency tumbled soon after. It was his college fees and he had to face problems.
IRDAI should set up a committee to review its regulations: Experts
They also said the said committee should have representation from all the regulated entities and policyholders. Industry officials told IANS that the Regulations Review Committee (RRC) and the various sub-groups set up by the two insurance councils -- Life Insurance Council and General Insurance Council -- does not have proper representation from major stakeholders.