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Page 9 - Latest Updates on Nirmala Sitharaman

Focus on deposits, strengthen cybersecurity: FM Sitharaman to banks

The FM also met top officials of regional rural banks in a separate meeting, where banks were asked to expedite one state-one RRB initiative

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Updated On : 19 Aug 2024 | 11:20 PM IST

FM asks RRBs to devise suitable products aligning with MSME clusters

Sitharaman also asked sponsor banks and RRBs to recognise the challenges ahead and continue focusing on maintaining asset quality, expanding digital services

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Updated On : 19 Aug 2024 | 8:56 PM IST

FM Sitharaman meets heads of PSBs, exhorts banks to improve deposit growth

Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks

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Updated On : 19 Aug 2024 | 5:36 PM IST

FM to discuss bad loans taken over by NARCL with PSBs, RRBs on Monday

Sitharaman had last chaired a meeting with heads of PSBs in December 2023

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Updated On : 18 Aug 2024 | 11:59 PM IST

Urgent need to address $4 trn financing gap to accelerate SDG progress: FM

"Our priority should be a people-centric growth path that empowers the most vulnerable and marginalised to participate in the development journey," she said

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Updated On : 17 Aug 2024 | 8:07 PM IST

India must focus on skilled workforce to become developed by 2047: Gopinath

India has grown well in terms of its overall growth rate, and at 7 per cent, it is the fastest growing major economy in the world, she said

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Updated On : 17 Aug 2024 | 7:13 PM IST

Financial bids for Chhattisgarh-based NMDC Steel likely in two months

The Union Budget has set the target for miscellaneous capital receipts, including disinvestment, at Rs 50,000 crore for FY25 compared to the revised estimate of Rs 30,000 crore for FY24

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Updated On : 16 Aug 2024 | 11:09 PM IST

Foreign exchange rules amended: Cross-border share swaps eased by govt

Now, transfer of all shares in firms having FDI with countries sharing land borders, would require prior government approval

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Updated On : 17 Aug 2024 | 12:18 AM IST

Wish I could bring down taxes to nil, says FM Nirmala Sitharaman

But there are challenges to overcome and the country needs money for that, says the finance minister

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Updated On : 13 Aug 2024 | 4:22 PM IST

Govt needs money to meet challenges, fund R&D, says FM Sitharaman

Sitharaman was addressing the 11th convocation of Indian Institute of Science Education and Research (IISER) in Bhopal

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Updated On : 13 Aug 2024 | 3:08 PM IST

Centre sets up team to implement internship scheme announced in Budget

The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme

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Updated On : 13 Aug 2024 | 12:29 PM IST

Uncertainty in garment sector amid Bangladesh crisis, normalcy soon: FM

FM Sitharaman addresses concerns over garment sector investments in Bangladesh and urges banks to boost deposit mobilisation amidst rising economic challenges

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Updated On : 10 Aug 2024 | 4:34 PM IST

Banks should bring in innovative products to mobilise deposits: Sitharaman

The banks, she stressed, need to focus on core banking business which is mobilising deposits

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Updated On : 10 Aug 2024 | 1:29 PM IST

Banking laws Bill extends tenure of cooperative banks' directors to 10 yrs

Changes to banking laws have a consumer tilt; no proposal that would allow change in ownership pattern of PSBs

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Updated On : 09 Aug 2024 | 11:25 PM IST

Govt tables banking laws bill in LS, seeks to raise nominees per a/c to 4

Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades

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Updated On : 09 Aug 2024 | 1:30 PM IST

Union Budget 2024: Parliament approves Appropriation Bill, Finance Bill

The Rajya Sabha returned the Appropriation Bill and the Finance Bill to the Lok Sabha, thus completing the budgetary exercise for 2024-25

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Updated On : 08 Aug 2024 | 10:07 PM IST

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases

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Updated On : 08 Aug 2024 | 10:43 PM IST

Flexible fiscal targets

India needs a sustainable and clear framework

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Updated On : 07 Aug 2024 | 9:48 PM IST

Opposition's walkout on GST issue a 'face-saver', says FM Sitharaman

Speaking to reporters in Parliament House Complex, Sitharaman said the GST Council, which is a constitutional body, can take up any matter related to the GST

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Updated On : 07 Aug 2024 | 9:07 PM IST

We have courage to change: FM Nirmala Sitharaman on LTCG amendment

The original LTCG regime proposed on July 23 Budget, removed the indexation benefit, sparking concerns over real estate transactions

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Updated On : 07 Aug 2024 | 11:19 PM IST