Govt has adequate resources to handle spike in petroleum, fertiliser subsidy bills: FM Sitharaman
Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates […]
FM Sitharaman to review PSBs’ foreign currency deposit mobilisation
New Delhi, July 10 (IANS) Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) and financial institutions on Monday to review the progress of foreign currency deposit mobilisation and overseas borrowing initiatives aimed at strengthening external capital inflows, as per sources. The meeting comes after the Reserve Bank of India […]
India’s AI-ready workforce, industry-led skilling making country preferred GCC destination: FM Sitharaman
France/New Delhi, July 3 (IANS) Finance Minister Nirmala Sitharaman on Friday said India’s AI-ready talent pool and industry-backed skilling programmes are creating new opportunities for the country’s middle class while positioning India as the preferred destination for Global Capability Centres (GCCs). Speaking at a panel discussion on “How to Promote the Rise of a New […]
Centre ups outlay for fertiliser subsidy by Rs 19,000 crore to boost farm output
New Delhi, March 13 (IANS) Finance Minister Nirmala Sitharaman informed the Lok Sabha on Friday that the country currently holds a robust fertiliser stock of 163 lakh metric tonnes (LMT) for April. This represents a significant 26 per cent increase over the previous year’s stock of 128.54 LMT. The Minister stated that while sufficient stocks […]
FM Sitharaman discusses India-EU FTA, investments with top leaders in Germany
New Delhi, Feb 15 (IANS) Finance Minister Nirmala Sitharaman met top leaders and industrialists during her visit to Germany and discussed bilateral trade relations in the backdrop of the EU-India FTA deal, while scaling up the partnership in several fields, including manufacturing, technology and agriculture, Finance Ministry said on Sunday. FM Sitharaman met Lars Klingbeil, […]
Tax transfer to states has shot up by Rs 2.7 lakh crore in Budget 2026-27: FM
New Delhi, Feb 11 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that the total resources to be transferred to the states, including the devolution of state share in taxes and releases that are made under the centrally sponsored schemes in the Budget for 2026-27 is estimated to be Rs 25.44 lakh crore, which is […]
IBC Amendment Bill in 2nd half of Budget session, a lot more divestment coming: FM
New Delhi, Feb 2 (IANS) Finance Minister Nirmala Sitharaman on Monday said that the government is set to introduce the Insolvency and Bankruptcy Code (IBC) Amendment Bill in the second half of the Budget session, beginning March 9. Addressing a press briefing, a day after presenting the historic reform-oriented Budget 2026-27, she said that the […]
‘Ignores key challenges from Eco Survey’: Chidambaram pans Union Budget 2026-27
New Delhi, Feb 1 (IANS) Senior Congress leader and former Finance Minister P. Chidambaram issued a scathing critique of the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman on Sunday, declaring that it “failed the test of economic strategy and economic statesmanship”. In a detailed statement, Chidambaram expressed astonishment at the budget speech, arguing […]
Union Budget is a roadmap for jobs, infra boost: Delhi CM Rekha Gupta
New Delhi, Feb 1 (IANS) Delhi Chief Minister Rekha Gupta on Sunday welcomed the Union Budget 2026-27, describing it as a forward-looking and people-centric Budget that will infuse new energy into the resolve of building a developed and self-reliant India. She said the Budget presented by Finance Minister Nirmala Sitharaman reflects the strong and visionary […]
Budget 2026-27 rolls out tax incentives for cooperatives
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman announced several incentives for primary cooperative societies in the Budget proposals for 2026-27 presented in the Parliament on Sunday. These include allowing a deduction to primary cooperative societies for the supply of cattle feed and cotton seed produced by their members, which will result in reducing […]
