Diabytes
Finance Minister News
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On the sidelines of the NDB meetings, the Finance Minister will hold bilateral meetings with her counterparts from Brazil, China, Indonesia and Russia, according to the Ministry.
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FM Sitharaman is scheduled to interact with councillors of the Ladakh Autonomous Hill Development Council (LAHDC) and the Ladakh administration. She will also inaugurate various developmental projects during her tour.
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Finance Minister Nirmala Sitharaman on Friday held a high-level meeting with senior officials from public and private banks, along with insurance companies.
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Moody’s also cautioned that further escalation in tensions with India could hamper Pakistan’s economic growth and delay its fiscal consolidation efforts, undermining the country’s progress toward macroeconomic stability.
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The collaboration allows countries to learn from each other's experiences and implement effective strategies, fostering a more resilient and sustainable future.
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Earlier, responding to concerns of members on the depreciating value of the Indian rupee, Minister of State for Finance Pankaj Chaudhary said the local currency has strengthened in the last few months while several other countries, including South Korea and the United Kingdom, had depreciated more.
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Union Budget 2025 boosts Bihar with a greenfield airport, Makhana Board and tax exemption but faces political criticism.
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Sitharaman stated that the Centre has allocated an additional amount of approximately Rs 30,000 crore as ‘Untied Funds’ under the SASCI-2024-25.
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The operating and net profit for H1 FY25 was Rs 1,50,023 crore (14.4 per cent YoY growth) and Rs 85,520 crore (25.6 per cent YoY growth).
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Union Finance Minister Sitharaman also stated that corruption has not been an issue in government since the Modi-led administration took office in 2014.
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The Bhutanese Finance Minister thanked India for extending assistance through the Currency Swap and Standby Credit Facility.
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She noted that technology is changing the banking landscape as it provides a secure and easy-to-navigate digital banking experience to all customers.
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The Union Finance Minister also commended that tax notices should be temperate, simple and easy to understand for the taxpayer.
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The review meeting will also focus on several critical areas. Finance Minister along with other participants will review deposit growth, the credit-to-deposit ratio, and asset quality, which are vital indicators of the banks' health.
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The Finance Minister also said that the rate cut in Customs duties on several inputs for leather and textiles is aimed at boosting employment and bringing down costs.
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Content creator Shrinidhi Hande, an analyst and travel blogger from Udupi, Karnataka, posted the satirical video "how to save income tax" on Instagram following the Union Budget presentation on July 23.
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As continued by the recent trend, Budget 2024 will also be delivered in a paperless format.
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Budget 2024: India's Finance Minister Nirmala Sitharaman is set to present the first budget of the BJP-led NDA government in its third consecutive term. This will be the full budget for the financial year 2024-25, following the Interim Budget she tabled in February ahead of the 2024 Lok Sabha elections.
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