Page 5 - Latest Updates on Nirmala Sitharaman
India to retain investment curbs from border nations: FM Sitharaman
In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations
 "India to retain investment curbs from border nations: FM Sitharaman")
Focus on Infra, investment to make India developed by 2047: FM Sitharaman
To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said
 "Focus on Infra, investment to make India developed by 2047: FM Sitharaman")
India's main challenge is skills gap for young: FM Nirmala Sitharaman
Sitharaman will head to Washington, DC, for the Annual Meetings of IMF and the World Bank, as well as the G20 Finance Ministers and Central Bank Governors meetings and other high-level discussions
 "India's main challenge is skills gap for young: FM Nirmala Sitharaman")
India well positioned to capitalise on growth opportunities: FM Sitharaman
Sitharaman stressed that despite an increasingly complex global environment, India's macro-economic fundamentals remain sound, acting as a strong foundation upon which to build future growth
 "India well positioned to capitalise on growth opportunities: FM Sitharaman")
FM Sitharaman highlights India's process, governance reforms for investors
Various pension funds and other institutional investors and fund managers across the US attended the Roundtable at the New York Stock Exchange
 "FM Sitharaman highlights India's process, governance reforms for investors")
GST rate rationalisation recommendations may yield Rs 22,000 cr surplus
At present, the average GST rate is around 12.2 per cent, which is below the revenue-neutral rate of 15.3 per cent, spurring the need for discussions on rate rationalisation
 "GST rate rationalisation recommendations may yield Rs 22,000 cr surplus")
125,000 openings listed by companies under PM Internship Scheme: Report
Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024, the scheme aims to provide an opportunity to do an internship in the top 500 companies in India for 12 months
 "125,000 openings listed by companies under PM Internship Scheme: Report")
FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit
During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies
Sitharaman invites Mexican firms to collaborate with startups, institutions
Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries
 "Sitharaman invites Mexican firms to collaborate with startups, institutions")
FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda
The finance minister will also take part in G20 Finance Ministers and Central Bank Governors meetings, in addition to bilateral meetings with various countries and organisations
 "FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda")
SUV makers hit with Rs 10,000 cr tax notices: Row over GST cess explained
The GST authorities have sent notices to most automakers for the alleged non-payment of the SUV sales cess between the financial years 2018 and 2022
 "SUV makers hit with Rs 10,000 cr tax notices: Row over GST cess explained")
PM internship scheme looks to bridge gap in employability: FM Sitharaman
Overall, over 91,000 opportunities have been posted on the internship portal, and 155,000 applicants have registered to apply
NITI Aayog raises asset monetisation target for FY25 to Rs 1.9 trn
Govt may still miss the Rs 6 trillion NMP target
 "NITI Aayog raises asset monetisation target for FY25 to Rs 1.9 trn")
CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman
According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc
 "CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman")
Indian regulators have done world-class job, increased transparency: FM
Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well
 "Indian regulators have done world-class job, increased transparency: FM")
India-UAE investment treaty implemented from Aug 31, 2024: FM Sitharaman
However, while providing investor and investment protection, balance has been maintained with regard to the state's right to regulate and, thereby providing adequate policy space
India to further strengthen fintech support to Bhutan: FM Sitharaman
The Union Finance Minister acknowledged the support of Bhutan as a testament to the enduring partnership and shared commitment to growth and prosperity
 "India to further strengthen fintech support to Bhutan: FM Sitharaman")
Centre to fund 65% of Chennai metro Phase-2 project: FM Nirmala Sitharaman
The loans taken from multilateral and bilateral development agencies will be treated as the loans to the central government and will be provided directly to Chennai Metro Rail Ltd (CMRL) from the Cent
 "Centre to fund 65% of Chennai metro Phase-2 project: FM Nirmala Sitharaman")
Living standards to see steepest rise in coming decades: FM Sitharaman
The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy
 "Living standards to see steepest rise in coming decades: FM Sitharaman")
Living standards to see steepest rise in coming decades: FM Sitharaman
"The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in," she said
