Finance Minister Nirmala Sitharaman rules out quick recovery for economy
5 years, 1 month ago

Finance Minister Nirmala Sitharaman rules out quick recovery for economy

Live Mint  

India’s Finance Minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Prime Minister Narendra Modi’s government has unveiled several steps since August to revive economic growth from the weakest pace since 2013. The surprise decision to lower taxes for companies raised concerns about India’s fiscal discipline, with Moody’s Investors Service cutting the country’s sovereign debt outlook to negative last week amid concerns over slowing growth and revenues. Sitharaman said it’s a bit too soon to say whether Asia’s third-largest economy would be able to stick to its fiscal deficit targets.

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History of this topic

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
1 month ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months, 2 weeks ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months, 2 weeks ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

View: Why Nirmala Sitharaman is PM Modi's best bet in the finance ministry
6 months, 4 weeks ago

View: Why Nirmala Sitharaman is PM Modi's best bet in the finance ministry

Hindustan Times  

Reappointment of Nirmala Sitharaman as Union Finance Minister is another example of Prime Minister Narendra Modi’s farsightedness. These are certainly not the characteristics of a “typical” politician, but the most valued strength of a ‘right-hand man’ or a minister of a charismatic leader whose mission is to transform India into ‘Viksit Bharat’. She not only navigated the Indian economy from …

Reforms to boost growth and stability will continue, asserts Nirmala Sitharaman after assuming charge as Finance Minister
6 months, 4 weeks ago

Reforms to boost growth and stability will continue, asserts Nirmala Sitharaman after assuming charge as Finance Minister

The Hindu  

The NDA government will continue to push the reforms drive initiated after 2014 with an eye on bolstering India’s macroeconomic stability and growth, Nirmala Sitharaman asserted on June 12 after taking over the reins of the Ministries of Finance and Corporate Affairs again. “She urged the departments to advance the NDA government’s development agenda with renewed vigour and ensure responsive …

India’s economic boom won’t be derailed by its election shock
7 months ago

India’s economic boom won’t be derailed by its election shock

CNN  

New Delhi CNN — Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. India boomed during Modi’s first two terms as prime minister, leapfrogging the United Kingdom to become the world’s fifth biggest economy and growing …

Nirmala Sitharaman Interview: Policy Stability An Obsession with PM, India's Systemic Reforms Bearing Fruit, Says FM
11 months, 1 week ago

Nirmala Sitharaman Interview: Policy Stability An Obsession with PM, India's Systemic Reforms Bearing Fruit, Says FM

News 18  

Finance Minister Nirmala Sitharaman Interview LIVE Updates: Finance Minister Nirmala Sitharaman said that the Narendra Modi government is confident of managing inflation as well as maintaining the robustness in economic growth. In an exclusive interview with Managing Director of Network18 Rahul Joshi, Finance Minister Nirmala Sitharaman said the robustness of the economy has not gone down and called the interim …

Indian Economy under PM Modi has witnessed profound transformation: FM Nirmala Sitharaman gives govt’s report card
11 months, 1 week ago

Indian Economy under PM Modi has witnessed profound transformation: FM Nirmala Sitharaman gives govt’s report card

Op India  

The Indian economy under Prime Minister Narendra Modi has witnessed a profound transformation in the last 10 years when the government took several pro-people reforms that were structural, Union Finance Minister Nirmala Sitharaman said on Thursday, as she rose to present the interim Budget for 2024-25. “In 2014, the country was facing enormous challenges, the government overcame those challenges and …

Indian markets are well regulated: Finance Minister Nirmala Sitharaman to Network18
1 year, 11 months ago

Indian markets are well regulated: Finance Minister Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said at least 50 per cent can shift to the income tax regime ‘who will now benefit from reduced rates’ New Delhi: India’s Finance Minister Nirmala Sitharaman on Friday said the India remains well governed with “stable government and well regulated financial market.” In an exclusive interview with Network18 Group Editor Rahul Joshi on Friday, the …

RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman
2 years, 3 months ago

RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman

The Hindu  

India’s inflation is at a manageable level and the Reserve Bank of India’s latest monetary policy which included a 50 basis points hike in interest rates, have sent a “very positive message in the market”, Finance Minister Nirmala Sitharaman said on Saturday. Over 70% of the foreign portfolio investors who had left the Indian stock markets in the months running …

Sitharaman says India’s fundamentals sound because of steps taken by govt
2 years, 7 months ago

Sitharaman says India’s fundamentals sound because of steps taken by govt

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax and bankruptcy code. Citing a study, Sitharaman said the Pradhan Mantri Garib Kalyan Yojana reduced the probability of borrowing money significantly …

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy
2 years, 8 months ago

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy

Firstpost  

During the meeting, IMF Chief Kristalina Georgieva highlighted India’s well-targeted policy mix that has helped the Indian economy remain resilient even with a limited fiscal space Washington: Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent “geopolitical developments” on the global economy and the challenges …

India's FDI inflow 65% more under PM Modi than in UPA regime: Sitharaman in Rajya Sabha
2 years, 9 months ago

India's FDI inflow 65% more under PM Modi than in UPA regime: Sitharaman in Rajya Sabha

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday said that Foreign Direct Investment into the country was $500.5 billion during Prime Minister Narendra Modi's regime as opposed to the amount received in 10 years of the previous UPA government. Speaking at the Rajya Sabha during the ongoing Budget session, she added that investors have trusted the economic management of the current …

Budget 2022: India to lay out plan for keeping world’s fastest-recovery going
2 years, 11 months ago

Budget 2022: India to lay out plan for keeping world’s fastest-recovery going

Live Mint  

India is set to present an annual budget topping $500 billion Tuesday, in one of its most keenly watched economic events seen pivotal to sustaining the nation’s recovery from pandemic-induced disruptions. While the fiscal deficit forecast is narrower than the 6.8% gap targeted for the current fiscal year, it’s far wider than the shortfall seen in pre-pandemic years. Higher spending …

'Govt ready to do everything required to revive economy': Sitharaman | Top Quotes
3 years, 4 months ago

'Govt ready to do everything required to revive economy': Sitharaman | Top Quotes

India TV News  

Union Finance Minister Nirmala Sitharaman on Thursday said that the government is "ready to do everything required" to revive and support economic growth. Addressing the CII Annual Meeting 2021, she said that there are indicators which suggest that the economy is buoyant and recovery is taking place post lifting of COVID-19 restrictions by states Sitharaman further noted that foreign direct …

Narendra Modi’s new Cabinet has its task cut out: Ensure Indian economy grows at 8-9%
3 years, 6 months ago

Narendra Modi’s new Cabinet has its task cut out: Ensure Indian economy grows at 8-9%

Firstpost  

One of the biggest challenges for the NDA government will be to push deep economic reforms when many Opposition-ruled states are determined to oppose them. Now, in the next three years, there is a need for a robust economy that can grow at 8-9 percent, create massive jobs, increase the income of citizens, boost consumption and give people hope. The …

No amount of govt intervention adequate for pandemic-hit economy: FM Nirmala Sitharaman
4 years ago

No amount of govt intervention adequate for pandemic-hit economy: FM Nirmala Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman said on Thursday that the government has taken several measures to support the economy but no amount of intervention will be adequate to deal with the crisis triggered by the COVID-19 pandemic. The government has taken steps for interventions by consulting several chambers of commerce, and Prime Minister Narendra Modi also took feedback from the industry, …

Recovery faster than expected; economic indicators encouraging: PM Modi
4 years ago

Recovery faster than expected; economic indicators encouraging: PM Modi

India TV News  

Prime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging. Addressing the FICCI Annual Convention, he said India prioritised saving lives during the COVID-19 pandemic and the government's policies and actions were oriented towards that. PM said that there were a lot of "uncertainties" about production, logistics and the revival of the …

GDP contraction will significantly ease in Q2: Khara
4 years, 1 month ago

GDP contraction will significantly ease in Q2: Khara

Live Mint  

State Bank of India chairman Dinesh Kumar Khara on Thursday said India’s economic contraction is expected to ease significantly in the September quarter amid a revival in demand. Addressing the virtual Hindustan Times Leadership Summit, Khara said he expects India’s gross domestic product to contract 8-9% in the three months to September, narrowing from a 23.9% contraction in the June …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 1 month ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

Govt’s steps will boost consumer spending, demand in economy: PM Modi
4 years, 2 months ago

Govt’s steps will boost consumer spending, demand in economy: PM Modi

Live Mint  

The announcements made by Finance Minister Nirmala Sitharaman on 12 October are "timely moves", which will boost demand in economy, Prime Minister Narendra Modi wrote in a tweet. What Nirmala Sitharaman announced FM Sitharaman today announced measures of ₹73,000 crore to stimulate consumer spending in the economy in an effort to fight the slowdown due to coronavirus pandemic following lockdown. …

Finally, it falls to the farmer to rescue India\'s parlous GDP
4 years, 4 months ago

Finally, it falls to the farmer to rescue India\'s parlous GDP

Deccan Chronicle  

New Delhi: The release of GDP data for the corona-disrupted first quarter of 2020-21 on Monday came as a shocker despite the foreboding there had been for weeks earlier. "We are witnessing a V-shaped recovery as the economy unlocks E-way bills at 99.9 per cent vs August last year despite local lockdowns. As per the data, manufacturing has entered recession …

'Modinomics' Destroyed Banking Sector; Delivery, And Not Televised Dialogues The Way Forward: Congress
4 years, 5 months ago

'Modinomics' Destroyed Banking Sector; Delivery, And Not Televised Dialogues The Way Forward: Congress

News 18  

The Congress on Wednesday accused the Narendra Modi government of having "destroyed" the banking sector and financial institutions of the country, and said the way forward was to "restore the autonomy of the RBI" and reinstitute the confidence of the banks by allowing them to lend prudently. Referring to the prime minister's meeting with heads of banks and non-banking financial …

India's ambitious plan to help small businesses does little to save them
4 years, 6 months ago

India's ambitious plan to help small businesses does little to save them

India Today  

India re-opened for business in June after months of lockdown but for thousands of small entrepreneurs in the town of Meerut, near Delhi, the blow has been devastating. Prime Minister Narendra Modi’s programme to help small businesses back on their feet through $40 billion of government-gauranteed loans is too little and may not be enough to save the many companies …

Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
4 years, 7 months ago

Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates

Firstpost  

Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed. Finance Minister Nirmala Sitharaman on Wednesday poured cold water over expectations of any more economic relief measures in the near future and said the Centre has no …

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign
4 years, 10 months ago

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign

The Hindu  

Finance Minister Nirmala Sitharaman on Friday said the “steadiness” in the economy is a good sign, soon after the official data showed the December quarter GDP growth at 4.7%. On the impact of coronavirus on the economy, she said there is no need to immediately press the “panic button”, but admitted that it may get challenging if the issues prolong …

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official
4 years, 10 months ago

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official

Firstpost  

Sanyal said economic growth was set to accelerate to 6 percent in the financial year beginning in April, compared with an estimated growth of 5.0 percent in the current one New Delhi: Economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 percent in the July-September quarter as the government has taken measures …

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman
4 years, 10 months ago

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman

Firstpost  

Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy. Listing initiatives taken by …

Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps
4 years, 11 months ago

Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps

Firstpost  

alking about the measures taken to help the industry, the minister listed some of them like corporate tax rate cut and removal of Minimum Alternate Tax and Dividend Distribution Tax. New Delhi: Finance Minister Nirmala Sitharaman on Tuesday exhorted the industry to shun hesitation and be a partner in driving growth, saying the government has already initiated several measures and …

Budget 2020: Nirmala Sitharaman will have to make difficult choices
4 years, 11 months ago

Budget 2020: Nirmala Sitharaman will have to make difficult choices

Hindustan Times  

Growth at a 10-year low and inflation at a five-year high is not an ideal backdrop for presenting a Union budget. In fact, under the current circumstances, the government might be forced to defer the Fiscal Responsibility and Budget Management Act, 2003-mandated financial year 2025 timeline of reaching the public debt-to-GDP ratio of 60% by a couple of years, even …

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?
4 years, 11 months ago

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?

Firstpost  

If one analyses the third-quarter earnings of Indian banks reported numbers so far, two clear trends are visible. But, banks lending less to companies is a clear bad news to India’s struggling economy because when credit growth slows to companies, that impacts progress of projects, cash flows and employment generation and so on. In this context, Union Finance Minister Nirmala …

Budget 2020: Three things Nirmala Sitharaman needs to watch out for
4 years, 11 months ago

Budget 2020: Three things Nirmala Sitharaman needs to watch out for

Live Mint  

As finance minister Nirmala Sitharaman prepares to present her second budget at a time growth is projected to decelerate to 4.8% in 2019-20 by the International Monetary Fund, here are the three things that Sitharaman needs to keep in mind: Demand push While the government has reluctantly acknowledged that the Indian economy has a growth problem, it has so far …

Ahead of Budget 2020, Narendra Modi, Amit Shah meet economists, experts at NITI Aayog; discuss steps to revive growth
5 years ago

Ahead of Budget 2020, Narendra Modi, Amit Shah meet economists, experts at NITI Aayog; discuss steps to revive growth

Firstpost  

The meeting assumes importance as the government is in the process of formulating Budget proposals for 2020-21 New Delhi: Prime Minister Narendra Modi is meeting economists and experts at the NITI Aayog to discuss the state of economy and steps to be taken to revive growth which is estimated to drop to 5 percent during the current fiscal. pic.twitter.com/ES5BLAZkl7 — …

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy
5 years ago

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy

Firstpost  

Narendra Modi said that the aim of the government is to both formalise and modernise the country’s economy. Prime Minister Narendra Modi has said that the target of $5-trillion Indian economy is achievable and that all-round steps have been taken to develop the economy. Prime Minister @narendramodi says the target of $5 tn Indian #economy is achievable & that all-round …

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath
5 years ago

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

Firstpost  

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand Washington: With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and …

Govt will intervene in economic issues when required: Nirmala Sitharaman
5 years ago

Govt will intervene in economic issues when required: Nirmala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman on Friday while replying to a question on whether the economic growth will pick in the second half said that the second half is not over yet. States that surrendered powers to collect taxes on goods and services after local levies got subsumed into the Goods and Services Tax from July 1, 2017, was through …

Opinion | Sitharaman on what the economy needs
5 years, 1 month ago

Opinion | Sitharaman on what the economy needs

Live Mint  

After Prime Minister Narendra Modi assured his government’s backing for bankers to fearlessly extend loans for genuine business needs, finance minister Nirmala Sitharaman has sought to reassure the country of all possible efforts to get the economy going. The finance minister signalled a multi-pronged approach involving higher public expenditure, enhanced direct cash transfers, and smoother credit disbursals, noting that as …

Government working on more measures to boost economy: Nirmala Sitharaman
5 years, 1 month ago

Government working on more measures to boost economy: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures …

Govt working on measures to boost economy, I-T rate cuts under consideration: Nirmala Sitharaman
5 years, 1 month ago

Govt working on measures to boost economy, I-T rate cuts under consideration: Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman on Saturday said that the government is working on more steps, including rationalisation of personal income tax rates, to revive the sagging economy. Besides, Nirmala Sitharaman said that the public sector banks have disbursed nearly Rs 5 lakh crore without compromising on prudential norms in the last two months to boost consumption in the hinterland. When …

Growth recession: Can Modi govt ensure India rides out the storm?
5 years, 1 month ago

Growth recession: Can Modi govt ensure India rides out the storm?

India Today  

Union Finance Minister Nirmala Sitharaman has insisted that things are not as bad as they are being presented on economic front. This means at 4.5 per cent for July-September quarter might not be the lowest GDP growth rate for the current fiscal year. The economy has been slowing down for six consecutive quarters despite the Narendra Modi government announcing a …

Opinion | Is the Modi government about to grasp the nettle of reforms?
5 years, 1 month ago

Opinion | Is the Modi government about to grasp the nettle of reforms?

Live Mint  

The 18th century British writer, Samuel Johnson, is famously believed to have said: “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.” A similar logic applies to the political economy of economic reform. In India, the 10 years of the Congress-led United Progressive Alliance government were marked by …

India braces for shock GDP as Modi scrambles to spur economy
5 years, 1 month ago

India braces for shock GDP as Modi scrambles to spur economy

Live Mint  

New Delhi: Explore what’s moving the global economy in the new season of the Stephanomics podcast. “Domestic demand is displaying chronic weakness, with an apparent credit crunch afflicting wide swaths of the economy,” said Taimur Baig, chief economist at DBS Group Holdings Ltd. in Singapore. “Production and sales are under pressure, and public spending is running out of room due …

Why Nirmala Sitharaman’s back-to-back growth booster pills aren’t working yet to cure India's big consumption collapse
5 years, 1 month ago

Why Nirmala Sitharaman’s back-to-back growth booster pills aren’t working yet to cure India's big consumption collapse

Firstpost  

It was in August when Union Finance Minister Nirmala Sitharaman began announcing back-to-back measures to address the economic slowdown. Some of the measures announced this time—withdrawal of enhanced surcharge on foreign portfolio investors and domestic investors restoring the pre-Budget position, quashing angel tax for DPIIT registered start-ups—were reversals of Budget decisions. Targeting the crisis-ridden auto sector, Sitharaman said the government …

Nirmala Sitharaman to review state of economy at FSDC meeting today; measures taken to boost growth to be assessed
5 years, 2 months ago

Nirmala Sitharaman to review state of economy at FSDC meeting today; measures taken to boost growth to be assessed

Firstpost  

This would be the second meeting of the FSDC after the Modi 2.0 government assumed office. New Delhi: Finance Minister Nirmala Sitharaman will review the state of the economy at a meeting of the Financial Stability and Development Council today to be attended by sectoral regulators, including RBI governor Shaktikanta Das. The meeting will review the current global and domestic …

World Bank chief asks India to reform financial sector
5 years, 2 months ago

World Bank chief asks India to reform financial sector

India TV News  

India must undertake financial reforms in three key areas -- sound regulations for non-banking financial companies, allow private sector banks in a big way in the banking sector and deepen capital market to aide growth -- World Bank group President David Malpass said during a media interaction on Saturday. Malpass, who is on a three-day visit to India, earlier met …

Committed to have sound macro-economic environment to fuel growth: Sitharaman
5 years, 2 months ago

Committed to have sound macro-economic environment to fuel growth: Sitharaman

India TV News  

India is committed to have a sound macro-economic environment conducive to fuel growth and ensure inclusive development, Finance Minister Nirmala Sitharaman said on Saturday as IMF slashed India's growth rate to 6.1 per cent from 7.3 per cent for 2019. With a prudent mix of policies, we are committed to have a sound macro-economic environment conducive to fuel growth and …

IMF says corporate income tax cut will help revive investment in India
5 years, 2 months ago

IMF says corporate income tax cut will help revive investment in India

India TV News  

The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. We support their corporate income tax cut because it has a positive impact on investment," Changyong Rhee, Director, Asia and Pacific Department, IMF, told reporters at a news conference here. "The monetary policy stimulus and the announced …

Nirmala Sitharaman says govt. cleaning up banking mess from Raghuram Rajan-Manmohan Singh days
5 years, 2 months ago

Nirmala Sitharaman says govt. cleaning up banking mess from Raghuram Rajan-Manmohan Singh days

The Hindu  

It was Finance Minister Nirmala Sitharaman’s turn in the nearly week-long critical exchange that has unfolded between former Reserve Bank of India Governor Raghuram Rajan and former Prime Minister Manmohan Singh on one end and Ms. Sitharaman at the other. Mr. Singh’s comments were in response to Ms. Sitharaman saying at the Columbia University on Thursday that public sector banks …

Govt will take steps for each sector facing stress, says FM Nirmala Sitharaman
5 years, 2 months ago

Govt will take steps for each sector facing stress, says FM Nirmala Sitharaman

Live Mint  

Aday after pledging more reforms to boost growth, finance minister Nirmala Sitharaman on Wednesday said the government plans to take sector-specific measures to revive stressed sectors. The positive intervention from government has to be a continuous process till the current slowdown comes to a halt,” Sitharaman told an event jointly organized by the US-India Strategic Partnership Forum, Ficci and CitiBank. …

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