Nirmala Sitharaman
India eyes strong trade deal with US, aims to double trade: Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said India is looking for a "good" trade agreement with the US to promote economic growth and ensure smooth supply chains. She also said that amid a growing global tariff war, India will have to move "smartly" to guard against possible dumping of goods from countries that are facing higher US tariffs. At the same time, India will protect the interests of domestic industries that rely on affordable imports. "In a broad sense, I think, both sides should have ambition for a good treaty, and nobody can fault that. Particularly for India, when you are looking at Viksit Bharat, you need to have good traction. Everybody is concerned about the growth numbers," she said at The Economic Times Awards. The minister said that a lot more steps are required to strengthen the country's exports across the board, wherever there is potential. "So, I am sure the commerce minister (Piyush Goyal) is quite seized of this, and he would take this (trade) ...
Very close to decision on reducing GST rates & slabs: Nirmala Sitharaman
Speaking on the ongoing efforts to simplify the GST structure, Nirmala Sitharaman said, 'We are very close to closing in on a final call on the reduction in GST rates and slabs'
Indian banks must continue to innovate, boost efficiency: Finance Minister
The finance minister virtually inaugurated 70 branches across India, 501 women customer service points, coinciding with the International Women's Day
WTO compliant trade tariffs meant for national development: FM Sitharaman
The trade tariffs running up to 100 per cent, consistent with the World Trade Organisation norms, are levied for national development and the growth of domestic industry, said Union Finance Minister Nirmala Sitharaman. Reacting to a query in defence of 100 per cent trade tariffs on some US imports, the finance minister said that tariffs are legitimate instruments. "So, when you are at a stage of development when your own industry has to grow, you will tend to make sure that, as per the WTO norms, whatever is the trade tariff which you can levy... you will levy. So that is how it's been happening and it is consistent as I said with the WTO," she said during a post-budget interaction in the port city on Thursday. Observing that trade tariffs prevailing today serve multiple purposes, such as protecting domestic industry, Sitharaman asserted that this protection will continue afterwards as well, and also emphasised on exports and the possibility of reaching newer markets. Referring to
Will keep India's interests on top in US trade talks: FM Sitharaman
Says govt seized of potential reciprocal tariff problems
India is closely monitoring trade talks with US, says FM Sitharaman
Commerce Minister Piyush Goyal is currently in the US for discussions aimed at safeguarding Indian exporters' interest
Don't be mere spectator, grab global opportunities: PM Modi to industry
The PM also pressed the point that India remains a growth engine for the global economy and that it has proven its resilience in challenging situations
Jan Vishwas Bill 2.0: Govt working to boost trust-based governance, says FM
Govt plans to bring Jan Vishwas Bill 2.0 to decriminalise over 100 provisions, said FM Sitharaman at a post-Budget webinar on 'Regulatory, Investment and EODB reforms'
Govt committed to easing regulations, boosting export economy: Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a "seamless, export-friendly" economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. "Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties," Sitharaman said. Addressing the webinar earlier
Footwear major Bata India bats for footwear PLI to boost output, exports
Finance Minister Nirmala Sitharaman had announced a focus product scheme for the footwear sector in her Budget 2025 speech last month
Best of BS Opinion: India needs to recalibrate in a changing world order
Today's editorials and columns look at the world through the lens of relationships, and how they don't always turn out as intended
Sitharaman urges civil accounts officers to simplify Govt's annual accounts
Finance Minister Nirmala Sitharaman on Saturday asked civil accounts services officials to work towards making the government's annual accounts more approachable and user-friendly. Addressing the 49th Civil Accounts Day event here, Sitharaman lauded the Indian Civil Accounts Service (ICAS) officers, led by the Controller General of Accounts (CGA) for the "silent technological revolution" in which states are finding a lot more ease of operation and ease of getting their government business done by adopting the public financial management system (PFMS). "I would also like you to examine, in consultation with the CAG, whether it would be possible to make the annual accounts more approachable and user-friendly and allow citizens to analyse easily and generate customisable and simpler reports," Sitharaman said. She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA. "If you're
BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery
Business Standard Manthan highlights: Catch all the latest developments from the summit here
India Inc best judge, but govt would like speedier pvt investment: FM
Holding that global trade is going to be completely reset, Sitharaman said India has to ramp up bilateral relationships with friendly countries
Economic matters should transcend political divides: Nirmala Sitharaman
BS Manthan: Union Finance Minister Nirmala Sitharaman described the ongoing global turbulence as a "splashing" of forces, urging India to actively participate rather than remain a bystander
BS Manthan: Bilateralism now topping the agenda, says FM Sitharaman
The global churn and India's reset played out on day one of BS thought summit, with the who's who from government, economy, banking, defence coming together
BS Manthan: A thought-provoking day-1 of insights on economy, policies
Experts discuss India's growth, global trade shifts, climate action, EVs, defence, and more
Manthan Day 1 Highlights: Against all odds, India is moving ahead with growth, says FM Sitharaman
Business Standard Manthan updates: Catch all the latest developments from the summit here
Stock Market Highlights: Sensex ends flat at 74,612; NBFCs shine while Smallcaps, wire-makers tank
Stock Market Highlights: The Nifty moved in a narrow band of 100-odd points before settling marginally in red at 22,545. Bajaj twins and Shriram Finance gained, while UltraTech plunged 5% on Thursday.
