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Finance minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities.

Union finance minister Nirmala Sitharaman on Tuesday appealed to states to build infrastructure and do “energy planning” thereby ensuring uninterrupted, quality supply of power is made available to industries at reasonable rates, enabling them to grow their businesses.

The Reserve Bank of India’s (RBI) decision to raise interest rates will not impact the government’s planned infrastructure investments and the hike was part of a synchronised action by major central banks across the globe to deal with the twin challenges of taming inflation and supporting economic revival, finance minister Nirmala Sitharaman said on Saturday.

Finance minister Nirmala Sitharaman on Tuesday assured investors that the government will address any possible pain points to encourage investments in the country. Addressing a roundtable on ‘Investing in India’s digital revolution’ in San Francisco, the minister encouraged constant engagement with investors to understand and address their concerns.

During a panel discussion early Tuesday morning (India time) Sitharaman flagged concerns over possible misuse of private digital currencies for money laundering and terror financing and reiterated the government’s stand that one country alone cannot regulate the use of the rapidly rising instrument.

Finance minister Nirmala Sitharaman on Tuesday said the US-India relationship is at its best and will strengthen the global order in these challenging times. This is one of those times when these two large democracies have found their space and they are comfortable working with each other, she said in a recorded video conversation released … Continue reading Strong US-India relationship to strengthen global order: FM

Finance minister Nirmala Sitharaman on Tuesday discussed a range of issues, including the current geopolitical situation and its economic impact, with IMF chief Kristalina Georgieva, and highlighted the Indian government’s commitment to support growth through capital expenditure.

Finance minister Nirmala Sitharaman on Monday held a virtual meeting with newly appointed IMF’s Monetary and Financial Committee chair Nadia Calvino and stressed the need for timely completion general review of quotas of the International Monetary Fund to give more say to developing countries.

India will continue buying cheap Russian oil in the nation’s interest, finance minister Nirmala Sitharaman said, even as pressure mounts to isolate Kremlin. “We have started buying, we have received quite a number of barrels — I would think three-four days supply and this will continue,” Sitharaman said at a an event on Friday. “India’s … Continue reading India will continue to buy oil from Russia, says FM

CBI has made substantial progress in the investigation into the NSE co-location case where markets regulator Sebi has found violations of norms by the stock exchange as well as some of its former top level employees, the finance minister said. Sebi received complaints in the matter of NSE co-location.

Finance minister Nirmala Sitharaman on Tuesday slammed the World Inequality Report 2022 for terming India to be “poor and unequal”. Replying to the discussion on the Finance Bill, 2022, and Appropriation Bill, 2022, the minister said the report is flawed and questioned the methodology with which it is prepared.

Finance minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees’ provident fund deposits to over four-decade low of 8.1 per cent, saying the rate is dictated by today’s realities where interest rate on other small saving instruments was even lower.

Union finance minister Nirmala Sitharaman presented the Budget for Union Territory Jammu and Kashmir for the financial year 2022-23 in Lok Sabha on Monday. Along with the budget, she also presented supplementary demands for grants, demands for grants and demands for excess grants for Jammu and Kashmir in the lower house of parliament today.

Union minister for finance and corporate affairs Nirmala Sitharaman on Thursday asserted here that the benefits of digital technology should reach every nook and corner of the country to ensure its overall development, an official statement here said.

In the aftermath of the Russian invasion of Ukraine, finance minister Nirmala Sitharaman on Friday said that never has the globe peace faced challenges of this significance since World War-II, and India’s development is “challenged” by the recent events.

Finance minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict. Markets have been rattled by Russia’s attack on the Eastern European country.

FM to banks: Join account aggregator net

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Finance minister Nirmala Sitharaman urged chiefs of banks and non-banking finance companies (NBFCs) on Tuesday to join the account aggregator framework to extend the flow of credit to small borrowers and promote digital lending.

Union finance minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers.

Finance minister Nirmala Sitharaman on Monday said the ABG Shipyard account turned NPA during the erstwhile UPA regime and the banks took lesser than normal time to detect the fraud perpetrated by the shipping firm.

Finance minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations.

Finance minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.

Finance minister Nirmala Sitharaman on Monday asked the private sector to join ‘Team India’ and step up their investments in line with the government’s capex push and help the country retain the tag of the world’s fastest growing major economy in the years to come.