Diabytes
Nirmala Sitharaman News
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PMJDY is one of the biggest financial inclusion initiatives in the world, according to Finance Minister Nirmala Sitharaman, and a target of opening another three crore such accounts has been fixed for the current year. The average bank balance per account in March 2015 was Rs 1,065, which has now increased to Rs 4,352. Around 80 per cent of the accounts are active, according to the official data.
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The residents staying in the apartments do not have to pay GST. It is only the apartment associations that have to pay as they are the supplier of services, the Finance Minister said in a written reply in the Lok Sabha.
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FM Sitharaman also said that India offers a compelling growth opportunity for foreign banks, and the government is actively encouraging foreign investment in the banking sector.
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The dividends from the three public sector banks come close on the heels of dividends of Rs 8,076.84 crore and Rs 2,762 crore from the State Bank of India and Bank of Baroda, respectively, last month.
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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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The cheque was presented by Bank of Baroda Managing Director and CEO Debadatta Chand to the Finance Minister at her North Block office in the presence of senior officials.
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The Finance Minister directed all Principal Chief Commissioners of Income Tax to prioritise and accelerate the disposal of disputed tax demands that are currently pending before the faceless appellate authorities.
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In her address at the Digital Payments Awards 2025 here, the minister said that the next wave of fintech innovation should come from villages and the agricultural sector.
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Finance Minister Nirmala Sitharaman addressed allegations of corruption in GST registration after a LinkedIn post by tax expert Vinod Gupta goes viral. CBIC issued clarification.
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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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In her one-on-one meetings with top CEOs, FM Sitharaman discussed opportunities in the fields of AI, Cloud and digital infrastructure.
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Finance Minister Sitharaman also underlined the potential areas for collaboration between the UK and India, especially in the domain of business and investments.
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Prime Minister Narendra Modi highlighted the pivotal role played by the MUDRA scheme in uplifting marginalized communities and promoting entrepreneurship across India.
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The visit will also see her participating in the India-UK Economic and Financial Dialogue, where key issues like market access for goods and services, dispute resolution mechanisms, and financial services will be on the agenda.
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Finance Minister Nirmala Sitharaman had announced the revised estimate of Rs 55,000 crore for dividend collection from Public Sector Undertakings (PSUs) in the fiscal year 2024-2025.
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The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and will also address the ongoing need for consolidated sectoral data in one place.
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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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NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), has developed a portal which is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years.
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The discussions reaffirmed the commitment of both nations to deepening economic cooperation and boosting trade and investment opportunities.
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