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 Feb 2025

Insurance

You could soon cancel your insurance policies within a year

In a major move, Finance Minister Nirmala Sitharaman has proposed a change to the free look period for insurance policies.

13 Feb 2025

Lok Sabha

I-T Bill introduced in Parliament: When will it become Act?

In a bid to simplify and modernize India's tax system, Finance Minister Nirmala Sitharaman has introduced a new Income Tax Bill in the Lok Sabha.

12 Feb 2025

Jaya Bachchan

You're trying to kill film industry: Jaya Bachchan slams government

Veteran Bollywood actor and Samajwadi Party leader, Jaya Bachchan, has slammed the Indian government for ignoring the film and entertainment sector.

10 Feb 2025

Narendra Modi

New Income Tax Bill to replace 1961 Act: What's changing

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a new Income Tax Bill.

06 Feb 2025

Lok Sabha

Union Cabinet likely to approve new Income Tax bill tomorrow

The new Income Tax bill is likely to be approved in a Union Cabinet meeting tomorrow, India Today reported citing anonymous sources.

03 Feb 2025

Canada

Tariff wars: Is India next on Donald Trump's list

United States President Donald Trump has started a tariff war, placing heavy duties on Canada, China, and Mexico.

03 Feb 2025

Bajaj Finance

Why Bajaj Finance shares are surging post Budget 2025

Leading non-banking financial company (NBFC) Bajaj Finance saw a massive jump in its share price on Monday.

02 Feb 2025

Union Budget

Senior citizens need not pay taxes on NSS withdrawals anymore

In a major relief for senior citizens with old National Savings Scheme (NSS) accounts, Finance Minister Nirmala Sitharaman has announced a tax exemption.

02 Feb 2025

Aam Aadmi Party (AAP)

'If you were earning ₹12 lakh during Nehru's era...': Modi

Prime Minister Narendra Modi on Sunday addressed a public rally in Delhi's RK Puram, where he spoke about the tax relief measures introduced in the Union Budget 2025.

02 Feb 2025

Indian Rupee (INR)

INR not falling against any currency barring USD: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has rejected fears over the depreciation of the Indian Rupee.

02 Feb 2025

Arvind Kejriwal

'PM Modi fully supported tax cut idea...': Sitharaman

Finance Minister Nirmala Sitharaman has said Prime Minister Narendra Modi was fully on board with the idea of slashing taxes, but it took time to convince the bureaucrats.

ISRO's budget rises to ₹13,415cr as major space missions approach

The Indian Space Research Organisation (ISRO) has received a financial boost in the Union Budget for 2025-26.

01 Feb 2025

Narendra Modi

You now have 4 years to file updated tax returns

Finance Minister Nirmala Sitharaman has announced an extension in the time limit for filing updated tax returns for any assessment year, while presenting the budget under Prime Minister Narendra Modi's administration.

01 Feb 2025

GST

'Band-aid for bullet wounds': Rahul Gandhi slams Union Budget 2025

Congress leader Rahul Gandhi has slammed the Union Budget 2025, terming it a "band-aid for bullet wounds."

01 Feb 2025

Bihar

'What happens to unsalaried people?': Tharoor questions Union Budget 2025

Congress MP Shashi Tharoor has questioned the relevance of the new income tax proposal announced by Finance Minister Nirmala Sitharaman during her Budget 2025 speech.

01 Feb 2025

Bihar

Budget 2025: Revamped UDAN scheme to connect 120 new destinations

In her latest budget speech, Finance Minister Nirmala Sitharaman has unveiled plans for a revamped UDAN (Ude Desh ka Aam Naagrik) scheme.

01 Feb 2025

Narendra Modi

PM Modi hails Union Budget 2025 as 'people's budget'

Prime Minister Narendra Modi has hailed the Union Budget 2025 as a "people's budget," stressing how it could boost investment and contribute to a 'Viksit Bharat' or 'developed India.'

01 Feb 2025

Union Budget

National Geospatial Mission announced to modernize land records, address disputes

In the 2025-26 Union Budget, Finance Minister Nirmala Sitharaman has announced the National Geospatial Mission. The initiative seeks to modernize land records and enhance urban planning across India.

01 Feb 2025

Union Budget

Budget 2025: High-end TVs, smartphones to get cheaper in India

In her Union Budget speech, Finance Minister Nirmala Sitharaman has announced steep cuts in import duties for key mobile phone components and critical materials such as lithium-ion battery scrap.

01 Feb 2025

Business

Budget 2025: Government to generate 100GW nuclear power by 2047

Finance Minister Nirmala Sitharaman has announced a plan to set up 100 gigawatts (GW) of nuclear power capacity by 2047.

01 Feb 2025

Electric Vehicles

Budget 2025: EVs are set to become cheaper in India

In a major move, the Indian government has announced huge duty exemptions in the Union Budget for 2025-26 to boost local production of lithium-ion batteries for electric vehicles (EVs).

01 Feb 2025

Make in India

Budget 2025: FM announces national manufacturing mission to boost self-reliance

In the latest Union Budget, Finance Minister Nirmala Sitharaman has announced a national manufacturing mission.

01 Feb 2025

Business

SWAMIH Fund-2: Government's ₹15,000 crore plan to complete stalled projects

Finance Minister Nirmala Sitharaman has announced a new ₹15,000 crore initiative, called 'SWAMIH Fund-2.'

01 Feb 2025

Union Budget

Budget 2025: Centre pegs FY26 fiscal deficit target at 4.4%

Finance Minister Nirmala Sitharaman has pegged the fiscal deficit target for the financial year 2025-26 at 4.4%.

01 Feb 2025

Narendra Modi

How long was Sitharaman's 2025 Budget speech 

Finance Minister Nirmala Sitharaman on Saturday presented her eighth consecutive Union Budget for the fiscal year 2025-26.

01 Feb 2025

Union Budget

Government to launch updated central KYC registry in 2025

The Indian government will soon launch a revamped version of the central Know Your Customer (KYC) Registry, Finance Minister Nirmala Sitharaman announced during the Union Budget 2025-26 presentation.

01 Feb 2025

Parliament

Sitharaman announces Jan Vishwas Bill 2.0 to decriminalize business laws

Finance Minister Nirmala Sitharaman has announced the introduction of the Jan Vishwas Bill 2.0 in her Union Budget 2025-26 presentation in Parliament.

01 Feb 2025

Vietnam

Budget 2025: India's defense budget increased to ₹6.81 lakh crore 

In her eighth consecutive budget speech, Finance Minister Nirmala Sitharaman has announced an allocation of ₹6.81 lakh crore for defense in the fiscal year 2025.

01 Feb 2025

NITI Aayog

Modi government to establish 50,000 Atal Tinkering Labs by 2030

In a major move to promote scientific curiosity among the youth, Finance Minister Nirmala Sitharaman has announced plans to set up 50,000 Atal Tinkering Labs (ATLs) in the next five years.

01 Feb 2025

Bihar

Budget bonanza for Bihar; state gets new airports, institutes   

Union Finance Minister Nirmala Sitharaman has announced a slew of initiatives for Bihar in the Union Budget 2025.

01 Feb 2025

Union Budget

Budget 2025: ₹2cr loan scheme announced for women, SC/ST entrepreneurs

Finance Minister Nirmala Sitharaman has unveiled the Union Budget for 2025-26, her eighth consecutive presentation.

01 Feb 2025

Indian Government

Budget 2025: All government hospitals to get daycare cancer centers  

In a major healthcare announcement, the Indian government has unveiled plans to set up daycare cancer centers in all district hospitals across the country over the next three years.

New income tax bill to be introduced next week: Sitharaman 

Finance Minister Nirmala Sitharaman has announced the introduction of a new income tax bill, which will be presented in Parliament next week.

01 Feb 2025

Indian Government

Union Budget 2025: 100% FDI announced for insurance sector

As part of its Union Budget for 2025-26, the Indian government has announced a major hike in the Foreign Direct Investment (FDI) limit for the insurance sector.

01 Feb 2025

Cancer

Union Budget 2025: What's cheaper and what's costlier now 

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, has made some major changes to the customs duty structure.

Modi government to establish AI Centre of Excellence for education

The Indian government has announced plans to set up a Centre of Excellence in artificial intelligence (AI) for the education sector.

01 Feb 2025

Union Budget

Budget 2025: Government to establish ₹1L crore Urban Challenge Fund

During her Union Budget presentation for 2025-26, Finance Minister Nirmala Sitharaman announced the creation of an Urban Challenge Fund worth ₹1 lakh crore.

01 Feb 2025

Swiggy

Budget 2025: Gig workers to receive government-issued ID cards, healthcare

In a big move, Finance Minister Nirmala Sitharaman has announced in the Union Budget 2025 that India's gig workers will be given health insurance under the government's Jan Arogya scheme.

01 Feb 2025

Union Budget

Union Budget 2025: Nirmala Sitharaman doubles credit guarantee for MSMEs

In her Union Budget speech, Finance Minister Nirmala Sitharaman has announced a major hike in the credit guarantee cover for micro and small enterprises (MSMEs).

01 Feb 2025

Union Budget

Budget 2025: 36 life-saving drugs exempted from basic customs duties  

Finance Minister Nirmala Sitharaman has announced that a total of 36 life-saving medicines have been exempted from basic customs duties, which could bring down healthcare costs for many Indians.

01 Feb 2025

Budget Session

Budget 2025: FM announces internet connectivity for government schools, hospitals

As part of her Budget presentation, Finance Minister Nirmala Sitharaman announced that broadband connectivity would be expanded to include all government secondary schools and primary health centers in rural areas.

01 Feb 2025

Union Budget

Budget 2025: Modi government announces ₹10,000cr fund for start-ups

In the Union Budget 2025, Finance Minister Nirmala Sitharaman has announced a new fund of funds (FoF) for start-ups.