Nirmala Sitharaman: News
Nirmala Sitharaman is an economist, Bharatiya Janata Party (BJP) politician, and the Finance Minister of India as of 2021. Sitharaman did her BA in Economics from Seethalakshmi Ramaswamy College, Tamil Nadu. She pursued an MA in Economics and an MPhil from the Jawaharlal Nehru University (JNU), Delhi. After completing her education, she stayed in the UK for the next few years, where she worked with PwC and BBC. She returned to India in the 1990s and became an educationist. During 2003-05, she was a member of the National Commission for Women (NCW). In 2006, Sitharaman joined the BJP, and in 2010 she was appointed as the party’s national spokesperson and later planned BJP’s media campaigns. In 2014, when the NDA formed the government at the Centre, Nirmala Sitharaman was sworn in as the Minister of State (MoS) for Finance & Corporate Affairs and later for Commerce & Industry. In 2017, she became India’s first full-time female Defence Minister. After NDA roared back to power in the 2019 Lok Sabha elections, Sitharaman became India’s first full-time female Finance Minister. She has been a Rajya Sabha MP since 2014.
17 Nov 2024
Narendra ModiX user pleads for middle-class relief, Nirmala Sitharaman responds
Finance Minister Nirmala Sitharaman has responded to a social media user's plea for relief measures for the middle class.
12 Nov 2024
GSTYour health, life insurance premiums might become cheaper next month
The Goods and Services Tax (GST) Council will meet at the end of December, with a focus on possible tax relief on health and life insurance premiums.
30 Oct 2024
Indian GovernmentIndia's fiscal deficit narrows to ₹4.75L crore in H1 FY25
India's fiscal deficit for the first half of the ongoing financial year (April-September) has been pegged at ₹4.75 lakh crore, or 29.4% of annual estimates. This is a notable decline from last year's 39.3%.
25 Oct 2024
Ministry of FinanceFinance Ministry doubles PMMY loan limit to ₹20 lakh
The Indian Finance Ministry has announced a major hike in the loan limit under the Pradhan Mantri Mudra Yojana (PMMY).
16 Oct 2024
InflationGovernment announces 3% DA hike for 1 crore employees, pensioners
The Union Cabinet, headed by Prime Minister Narendra Modi, has approved a 3% hike in the dearness allowance (DA) ahead of Diwali.
14 Oct 2024
Hindustan Aeronautics LimitedMulti-bagger HAL surges 2% on getting 'Maharatna' status
Shares of Hindustan Aeronautics Limited (HAL) rose 2% today, hitting a day's high of ₹4,545.90 on the BSE.
12 Oct 2024
Government of IndiaHindustan Aeronautics Limited becomes 14th Maharatna company: Know its significance
Hindustan Aeronautics Limited (HAL), a leading Indian public sector undertaking (PSU), has been upgraded to a 'Maharatna' company by the Government of India.
12 Oct 2024
Ministry of Corporate AffairsPM Internship Scheme: 193 companies offer over 90,800 opportunities
The Prime Minister Internship Scheme has garnered a massive response from the corporate world, with 193 companies offering over 90,800 internships in India.
09 Oct 2024
Indian GovernmentWill central government employees get DA hike before Diwali?
Central government employees across India are eagerly awaiting an announcement regarding a potential hike in Dearness Allowance (DA) and Dearness Relief (DR).
07 Oct 2024
Central Board of Direct Taxes (CBDT)You can now suggest changes to Income-tax Act, 1961
The Central Board of Direct Taxes (CBDT) has constituted an internal committee to carry out an exhaustive review of the Income-tax Act, 1961.
04 Oct 2024
Indian EconomySitharaman predicts $2,000 increase in per capita income by 2029
Finance Minister Nirmala Sitharaman has projected a significant increase in India's per capita income over the next five years.
03 Oct 2024
Central GovernmentPM Internship Scheme: How to apply online and avail stipend
The Prime Minister's internship scheme, which was first revealed by Union Finance Minister Nirmala Sitharaman during her budget speech on July 23, is all set to launch its online portal today.
01 Oct 2024
Bombay Stock Exchange (BSE)Important update for investors: Key stock market changes effective today
Starting today, India's financial markets are seeing some big changes. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have rolled out new transaction fees for brokers across different segments.
29 Sep 2024
Bengaluru'Clear-cut case of extortion': Complainant attacks Sitharaman over electoral bonds
Co-President of Janaadhikaara Sangharsha Parishath (JSP), Adarsh Iyer, who filed a complaint against Union Finance Minister Nirmala Sitharaman and other Bharatiya Janata Party (BJP) leaders, claimed that they misused their power to shake down companies for money.
28 Sep 2024
BengaluruFIR ordered against Sitharaman over 'extortion' through electoral bonds
A Special People's Court of Representatives in Bengaluru has ordered the filing of a First Information Report (FIR) against Union Finance Minister Nirmala Sitharaman, ETV Bharat reported.
24 Sep 2024
MaharashtraMaharashtra officials inspect EY's Pune office after employee's death
Officials from the Maharashtra Labour Commissioner's office have conducted an inspection at the Ernst & Young (EY) office in Pune.
23 Sep 2024
Priyanka Chaturvedi'Didn't' take...names': Sitharaman after remarks on CA's death draw backlash
Following backlash over remarks that people need "inner strength" to handle pressure in the aftermath of Anna Sebastian Perayil's death due to alleged work pressure, Union Minister Nirmala Sitharaman clarified that she did not take any names.
23 Sep 2024
ChennaiSitharaman suggests 'stress management lessons' after EY employee's death; criticized
Finance Minister Nirmala Sitharaman called for the inclusion of "stress management lessons" in educational institutions, following the recent death of a young chartered accountant (CA) employed with Ernst & Young (EY), on Sunday.
18 Sep 2024
National Pension Scheme (NPS)Explained: What is NPS Vatsalya, new pension plan for minors
The National Pension System (NPS) Vatsalya scheme for minors will be launched by Finance Minister Nirmala Sitharaman on Wednesday.
17 Sep 2024
Amit Shah'One Nation, One Election' will be implemented this term: Shah
Home Minister Amit Shah announced on Tuesday that the Bharatiya Janata Party-led National Democratic Alliance government plans to implement the "one nation, one election" policy within its current tenure.
16 Sep 2024
Indian GovernmentModi government to launch NPS-Vatsalya scheme on September 18
Finance Minister Nirmala Sitharaman will inaugurate the NPS-Vatsalya scheme in Delhi on September 18.
13 Sep 2024
Dravida Munnetra KazhagamVideo of restaurateur's private conversation with Sitharaman leaked; BJP apologizes
Bharatiya Janata Party (BJP) leader K Annamalai has apologized on behalf of the party after it leaked a video of Sri Annapoorna restaurant chain owner Srinivasan apologizing to Finance Minister Nirmala Sitharaman.
09 Sep 2024
GSTGST Council postpones decision on oil and gas contract taxation
The Goods and Services Tax (GST) Council has postponed its decision regarding the taxation of oil and gas exploration contracts.
09 Sep 2024
GSTGST Council postpones decision on health, life insurance premiums
The Goods and Services Tax (GST) Council has deferred its decision, on potentially reducing the tax rate for health and life insurance premiums, as reported by ET NOW.
08 Sep 2024
GSTGST Council to discuss tax on insurance premiums, e-gaming tomorrow
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, will discuss potential changes in the taxation of insurance premiums and online gaming tomorrow.
25 Aug 2024
Department of Atomic EnergyIndia deploying modular nuclear reactors to hit net-zero by 2070
India will deploy between 40 and 50 small modular nuclear reactors (SMRs), as part of its strategy to achieve net-zero emissions by 2070.
11 Aug 2024
Indian Agricultural Research InstitutePM Modi releases 109 climate-resilient seed varieties
Prime Minister Narendra Modi unveiled 109 high-yielding, climate-resilient, and biofortified crop varieties at the Indian Agricultural Research Institute (IARI) in New Delhi on Sunday.
09 Aug 2024
Rahul GandhiSitharaman says Gadkari's letter seeking GST relief released 'without permission'
Union Finance Minister Nirmala Sitharaman has stated that a letter from Transport Minister Nitin Gadkari, which called for the removal of 18% Goods and Services Tax (GST) on health and life insurance premiums, was made public without his approval.
06 Aug 2024
BusinessIndexation benefit to return? Government mulls relief for real-estate investors
The Indian government is currently examining various options to alleviate concerns from the real estate sector, following Finance Minister Nirmala Sitharaman's recent Budget 2024 announcement.
04 Aug 2024
BPCLState-owned fuel retailers report 90% drop in Q1 earnings
India's state-owned fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), have reported a substantial decline in their Q1 earnings for the fiscal year 2024-25.
31 Jul 2024
IndiaCorporate exodus: 50% of Indian women may quit in 2-yrs
A study by consulting firm Aon has revealed, that nearly half of the women employed in India's corporate sector are either uncertain about their tenure with their current employers, or plan to quit within two years.
31 Jul 2024
Indian EconomyIndia's fiscal deficit decreases significantly to 8% of annual target
India's fiscal deficit, a crucial indicator of its financial health, has narrowed significantly in the first quarter of FY25.
31 Jul 2024
Nitin Gadkari'Remove GST on life insurance...': Nitin Gadkari's appeal to Sitharaman
Union Minister and senior Bharatiya Janata Party leader Nitin Gadkari has sent a letter to Finance Minister Nirmala Sitharaman urging the withdrawal of the Goods and Services Tax applied to premiums for life and medical insurance plans.
30 Jul 2024
Bihar'States not ignored...': Sitharaman defends budget, hits back at opposition
Union Finance Minister Nirmala Sitharaman on Tuesday hit back at the opposition's claims that the Union Budget disproportionately favors the ruling Bharatiya Janata Party's allies, the Janata Dal (United) in Bihar and the Telugu Desam Party in Andhra Pradesh.
28 Jul 2024
Union BudgetIndian realty sector faces ₹6,480 crore loss post-Budget announcement
The Indian real estate sector suffered a significant loss of ₹6,480 crore in market value, following the Union Budget announcement by Finance Minister Nirmala Sitharaman.
24 Jul 2024
BusinessBudget 2024: How to choose between old, new tax regimes
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has introduced modifications to the new tax regime.
24 Jul 2024
Tax SlabsUnion Budget 2024: Will you be richer or poorer?
The Union Budget for the fiscal year 2024-25, presented by Finance Minister Nirmala Sitharaman, has sparked discussions about its implications for the middle class.
24 Jul 2024
Mallikarjun KhargeINDIA bloc's protest against 'discriminatory' budget in Parliament today
The Indian National Developmental Inclusive Alliance will on Wednesday stage a protest inside and outside the Parliament against the "discrimination against the opposition-ruled states" in the Union Budget 2024.
23 Jul 2024
BusinessIndexation benefit axed: How Budget 2024 jolts the property market
In a significant development, Finance Minister Nirmala Sitharaman announced during the 2024 Union Budget that the indexation benefit for property sales will be eliminated.
23 Jul 2024
Finance BillIncreased STT to cool market activity? What Zerodha founder said
Finance Minister Nirmala Sitharaman has proposed a significant increase in the Securities Transaction Tax (STT) on Futures and Options (F&O) trading for the 2024 budget.
23 Jul 2024
Jitendra SinghBudget 2024: India prioritizes nuclear power with Bharat Small Reactors
Finance Minister Nirmala Sitharaman has announced major initiatives for nuclear energy development in the Union Budget 2024, in a bit to diversify India's energy mix.
23 Jul 2024
Union BudgetUnion Budget 2024: What measures were announced for women?
An impressive ₹3 lakh crore was allocated for women and girls during the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman on Tuesday.
23 Jul 2024
Union BudgetBudget 2024: What is India's Critical Minerals Mission
Finance Minister Nirmala Sitharaman announced a proposal for a critical minerals mission during her Union Budget speech today.
23 Jul 2024
Narendra Modi'Empowers middle class...': PM Modi lauds Sitharaman's budget
In his first comments on the Union Budget 2024, Prime Minister Narendra Modi praised Union Finance Minister Nirmala Sitharaman's speech, saying it strengthened all sections of society.
23 Jul 2024
Economic SurveyBudget 2024: What are NDA government's key priorities
Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, highlighting nine key areas of focus for the third term of the Modi-led National Democratic Alliance (NDA) government.
23 Jul 2024
CancerBudget 2024: These 3 cancer drugs will get cheaper
Union Finance Minister Nirmala Sitharaman announced on Tuesday that three cancer drugs will be "fully" exempted from basic customs duty.
23 Jul 2024
EPFOIndia's ₹2 trillion push: 3 schemes to boost job creation
Finance Minister Nirmala Sitharaman has unveiled three significant employment-linked incentive schemes in the Union Budget 2024-25.
23 Jul 2024
Akhilesh Yadav'Copied Congress manifesto...': INDIA bloc takes swipe at Sitharaman's budget
The Congress took a swipe at the Union Budget presented by the Finance Minister Nirmala Sitharaman in the Lok Sabha on Tuesday, calling it a copy of the "Congress Manifesto."
23 Jul 2024
BusinessSitharaman announces 1,000cr fund to support Indian spacetech startups
Finance Minister Nirmala Sitharaman announced a ₹1,000 crore venture capital fund to boost India's space economy during her Budget 2024-25 speech on Tuesday.
23 Jul 2024
BusinessBudget 2024: What's NPS Vatsalya, plan by parents for children
In her Union Budget announcement on Tuesday, Finance Minister Nirmala Sitharaman mentioned the NPS Vatsalya scheme, which is a new initiative aimed at promoting long-term savings for minors.
23 Jul 2024
Lok SabhaUnion Budget 2024: What's cheaper and what's costlier?
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for 2024-25, unveiling policies that will impact the prices of various goods for the general public.
23 Jul 2024
Union BudgetPM Surya Ghar Muft Bijli Yojana to power 1cr households
In Union Budget 2024, Finance Minister Nirmala Sitharaman has announced the extension of PM Surya Ghar Muft Bijli Yojana to one crore households.
23 Jul 2024
SensexBudget impact: Sensex falls 700 points, INR hits record low
Indian equity benchmarks fell sharply today after Finance Minister Nirmala Sitharaman concluded her Budget 2024 speech.
23 Jul 2024
Union BudgetBudget 2024: Long-term capital gains tax hiked, exemption limit raised
Finance Minister Nirmala Sitharaman has proposed several modifications to the capital gains taxation regime, in Union Budget 2024.
23 Jul 2024
BusinessBudget 2024: Sitharaman announces major reduction in basic customs duty
Finance Minister Nirmala Sitharaman has announced a large cut in customs duties on cancer medications and mobile phones, which will significantly lower their prices in the retail market.
23 Jul 2024
Income Tax Department of IndiaNew tax slabs announced in Union Budget 2024
In her budget speech, Finance Minister Nirmala Sitharaman announced updates to the new tax regime.
23 Jul 2024
BusinessIndia to simply FDI rules, prioritize use of INR
In the 2024 Union Budget, Finance Minister Nirmala Sitharaman has announced several measures aimed at increasing inflows of Foreign Direct Investments (FDIs).
23 Jul 2024
StartupsBudget 2024 abolishes 'Angel tax' in India: Why it matters
In a major move for the Indian startup ecosystem, Finance Minister Nirmala Sitharaman has announced the complete abolishment of Angel tax.
23 Jul 2024
Lok SabhaBudget 2024: Push on spiritual tourism in Sitharaman's speech
In her budget speech, Finance Minister Nirmala Sitharaman said on Tuesday that the government will allocate funds for developing the Vishnupad Temple Corridor and the Mahabodhi Temple Corridor in Bihar.
23 Jul 2024
Union BudgetCentre will offer you ₹15,000 if you are a fresher
Finance Minister Nirmala Sitharaman has announced an interesting policy for first-time employees, in Union Budget 2024.
23 Jul 2024
Pradhan Mantri Awas Yojana (PMAY)Budget 2024: Sitharaman allocates ₹10 lakh crore for urban housing
Finance Minister Nirmala Sitharaman has announced plans to facilitate the development of three crore rural and urban houses over five years under the Pradhan Mantri Awas Yojana (PMAY).
23 Jul 2024
Chandrababu NaiduBudget 2024: What key allies Naidu and Nitish got
A month after Chandrababu Naidu's Telugu Desam Party and Nitish Kumar's Janata Dal (United) helped the Bharatiya Janata Party secure a third term, the Union Budget allocated key projects for Bihar and Andhra Pradesh.
23 Jul 2024
BusinessBudget 2024: MSMEs get credit support, ₹20L limit MUDRA loans
Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme for Micro, Small, and Medium Enterprises (MSMEs) during the full budget presentation for 2024-25.
23 Jul 2024
ParliamentSitharaman makes history, presents 7th consecutive Budget
Union Finance Minister Nirmala Sitharaman presented the FY25 Union Budget on Tuesday, marking her seventh consecutive budget presentation, a record in Indian history.
23 Jul 2024
COVID-19Sitharaman poses with tablet: Journey from briefcase to paperless budget
Ahead of her seventh consecutive budget presentation for the fiscal year 2024-25, Finance Minister Nirmala Sitharaman posed with a tablet in a red "bahi-khata" sleeve outside her office on Tuesday.
23 Jul 2024
GSTKey numbers to watch out for in Union Budget today
Finance Minister Nirmala Sitharaman will present her seventh consecutive budget, a plan that aims to chart India's path toward development by 2047, at 11:00am on Tuesday.
23 Jul 2024
Lok SabhaSitharaman presents Modi 3.0's first budget: What to expect?
Finance Minister Nirmala Sitharaman began presenting the Union Budget 2024 in the Lok Sabha on Tuesday.
22 Jul 2024
Narendra ModiAhead of budget session, PM Modi slams opposition
Prime Minister Narendra Modi, at the start of Parliament's Monsoon Session on Monday, criticized the Opposition for disrupting previous sessions and called on lawmakers from all political parties to unite and work together for the country over the next five years.
22 Jul 2024
Bharatiya Janata Party (BJP)Monsoon session to begin today; Sitharaman to table Economic Survey
The Monsoon session of the Indian Parliament will begin on Monday, with Finance Minister Nirmala Sitharaman set to present the first Union Budget of the third Narendra Modi-led central government on Tuesday.
21 Jul 2024
ChennaiBudget 2024: MK Stalin lists out Tamil Nadu's wish list
Tamil Nadu Chief Minister MK Stalin has shared his state's expectations for the upcoming Union Budget (2024-25), set to be presented by Finance Minister Nirmala Sitharaman on July 23.
20 Jul 2024
BusinessBudget 2024: Disability rights activists demand increased budget allocation
As the government gears up to present the Union Budget 2024 on Tuesday, disability rights activists are urging for a rise in budget allocations to promote inclusive development for individuals with disabilities.
20 Jul 2024
Congress PartyBudget prepared to make 'crony capitalists' richer: Congress targets government
Ahead of the budget session, the Congress targeted the central government, alleging that it would be aimed at making a few "crony capitalists richer" rather than addressing actual concerns.
18 Jul 2024
BusinessBudget 2024: Top 5 income tax benefits expected this year
As the presentation of Budget 2024 on July 23 nears, Finance Minister Nirmala Sitharaman is expected to announce several income tax benefits.
06 Jul 2024
Andhra PradeshUnion Budget 2024-25 to be presented on July 23
Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 in the Lok Sabha on July 23, Parliamentary Affairs Minister Kiren Rijiju announced on Saturday.
