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India to update base year for national accounts data to 2022–23: FM Sitharaman

New Delhi, Dec 3 (IANS) India will adopt 2022-23 as the new base year for calculating national accounts with effect from February 26–27 next year, as part of the update to the country’s economic data framework, Finance Minister Nirmala Sitharaman announced in Parliament on Wednesday. The new 2022-23 base will replace the current base year […]

FM Sitharaman holds consultations across sectors in run-up to Budget 2026-27

New Delhi, Nov 20 (IANS) Finance Minister Nirmala Sitharaman on Thursday held consultations here with representatives of trade unions and labour organisations as part of the groundwork in the run-up to the Union Budget 2026-27, which will be presented on February 1. The meeting is part of the ministry’s annual stakeholder engagement process, where labour […]

GCCs will catapult India as a leader in innovation and job creation: Sitharaman

Visakhapatnam, Sep 17 (IANS) Finance Minister Nirmala Sitharaman said on Wednesday that India today hosts nearly half of the world’s Global Capability Centres (GCC), which are now at the forefront of innovation, R&D, and leadership creation. Addressing the Special Ministerial Plenary and Report Back at the CII GCC Business Summit here, the Finance Minister said: […]

PM Modi set ball rolling for GST 2.0 over 1.5 years ago: FM Sitharaman

New Delhi, Sep 9 (IANS): Finance Minister Nirmala Sitharaman said on Tuesday that the Next Gen GST 2.0 reforms announced by the PM Modi-led government were in the making for more than 18 months and were not related to the US tariff hikes. Speaking at the NDTV Profit conclave here, the Finance Minister said that […]