Page 2 - Latest Updates on Nirmala Sitharaman
FM counters Rahul on PSBs, says their turnaround has benefitted everyone
Gandhi alleged on X that the Narendra Modi government has turned PSBs ("lifelines of the masses") into private financiers for only the rich and powerful corporations
 "FM counters Rahul on PSBs, says their turnaround has benefitted everyone")
Reducing debt burden priority for next decade, says FM Sitharaman
Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels
Industry must realign itself with political, strategic policies: Sitharaman
Sitharaman said the economy has to clawback more to regain its strength after the Covid pandemic
 "Industry must realign itself with political, strategic policies: Sitharaman")
Govt mulls bond issue for middle-class, rates could beat retail inflation
The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets
 "Govt mulls bond issue for middle-class, rates could beat retail inflation")
Fiscal-monetary coordination at its best in last six years: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues
 "Fiscal-monetary coordination at its best in last six years: Shaktikanta Das")
May RBI grow even taller as institution of trust: Das' parting message
RBI Governor Shaktikanta Das, who will demit office later today, thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their guidance and encouragement
 "May RBI grow even taller as institution of trust: Das' parting message")
PM Narendra Modi launches LIC's 'Bima Sakhi Yojana' to empower women
LIC's Bima Sakhi Yojana to enrol 100,000 women in 12 months
 "PM Narendra Modi launches LIC's 'Bima Sakhi Yojana' to empower women")
RBI Governor Das meets FM Sitharaman ahead of former's term coming to end
The meeting took place at the finance minister's North Block office. Sources said that the meeting lasted around 20 minutes and was considered customary following the MPC meeting
 "RBI Governor Das meets FM Sitharaman ahead of former's term coming to end")
RBI Guv Das meets FM Sitharaman two days before end of his extended term
The meeting comes just ahead of the extended term of incumbent RBI Governor coming to an end. Das's three-year extended term comes to an end on December 10
Farmers seek low taxes, doubling PM-KISAN amount in pre-budget meet with FM
The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief and market reforms
 "Farmers seek low taxes, doubling PM-KISAN amount in pre-budget meet with FM")
Q2 GDP showing not a systemic slowdown, says FM Nirmala Sitharaman
India's growth slowed to a seven-quarter low of 5.4 per cent in the July-September period of FY25
Finance minister Sitharaman to begin pre-Budget consultation from Friday
Sitharaman, who will chair these meetings, will seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent in second quarter of the current financial year.
 "Finance minister Sitharaman to begin pre-Budget consultation from Friday")
Sitharaman accuses 'Congress-led MVA govt' of delaying key projects
Sitharaman also questioned the delay in the Aarey car shed construction, part of the Mumbai Metro project. The MVA government had shifted its location after environmental groups opposed
LS passes banking laws amendment Bill allowing 4 nominees in bank accounts
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
 "LS passes banking laws amendment Bill allowing 4 nominees in bank accounts")
PSBs safe, stable, performed exceptionally well in recent years: Sitharaman
Replying to a debate on the Banking Laws (Amendment) Bill, 2024, the minister said that all the Public Sector Banks have turned profitable
Maharashtra CM's name to be declared on eve of govt's swearing-in on Dec 4
Despite the Mahayuti alliance's resounding victory in the Maharashtra Assembly elections, more than a week has passed, and the alliance has yet to announce its next Chief Minister
Insurance premiums may drop if GST Council decides to reduce taxes: FM
Sitharaman said this while replying to the question on whether GST reduction on health insurance will be a step towards making healthcare more equitable
 "Insurance premiums may drop if GST Council decides to reduce taxes: FM")
Nirmala Sitharaman to move bill to amend banking laws in Lok Sabha tomorrow
As per the schedule issued by the secretariat, Sitharaman is expected to move the Bill further to amend the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, and others
Women should take benefits of schemes launched by Centre: Sitharaman
Finance Minister Nirmala Sitharaman was speaking at a credit outreach programme held in Madhubani, where loans to the tune of Rs 1,121 crore were provided to 50,294 beneficiaries by various banks
FM distributes Rs 1,388 cr in loans at Darbhanga credit outreach programme
Union Finance Minister distributed five copies of the Constitution each in Maithili and Sanskrit to distinguished citizens
 "FM distributes Rs 1,388 cr in loans at Darbhanga credit outreach programme")
