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Finance minister Nirmala Sitharaman.(File photo)

Nirmala Sitharaman makes employee PF share up to 5L tax-free

By Rajeev Jayaswal, New Delhi
UPDATED ON MAR 24, 2021 05:28 AM IST
The Union Budget on February 1 proposed that interest on employee contribution to provident fund (PF) over 2.5 lakh per annum would be taxed from April 1.
Finance Minister Nirmala Sitharaman participated in a virtual session organized by the Coalition of Disaster Resilient Infrastructure (CDRI) in New Delhi. (ANI Photo)
Finance Minister Nirmala Sitharaman participated in a virtual session organized by the Coalition of Disaster Resilient Infrastructure (CDRI) in New Delhi. (ANI Photo)

Scale up climate crisis finance commitments: Sitharaman to advanced economies

By HT Correspondent, Hindustan Times, New Delhi
UPDATED ON MAR 20, 2021 03:11 AM IST
The minister was speaking at the concluding session of the International Conference on Disaster Resilient Infrastructure.
Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)
Union minister for finance and corporate affairs, Nirmala Sitharaman. (File photo)

Mallya, Nirav Modi & Mehul Choksi all coming back to face law: FM

PTI |
PUBLISHED ON MAR 18, 2021 07:51 PM IST
The government is persuing extradition of Mallya and Modi from the UK while Choksi is believed to be in Antigua.
Finance minister Nirmala Sitharaman had announced the proposal to set up DFI in her budget speech on February 1. (PTI)
Finance minister Nirmala Sitharaman had announced the proposal to set up DFI in her budget speech on February 1. (PTI)

Cabinet clears plan to set up DFI for infra projects

By Rajeev Jayaswal, Hindustan Times, New Delhi
PUBLISHED ON MAR 17, 2021 07:51 AM IST
  • The government will infuse 20,000 crore capital in the new financial institution, and gradually reduce its stake to 26% from 100%, said Sitharaman.
Nirmala Sitharaman said the Congress privatised tax payers' money and nationalised corruption.
Nirmala Sitharaman said the Congress privatised tax payers' money and nationalised corruption.

'His daadi would...': Nirmala Sitharaman slams Rahul, mentions Indira Gandhi

By hindustantimes.com | Edited by Poulomi Ghosh, Hindustan Times, New Delhi
UPDATED ON MAR 16, 2021 05:40 PM IST
Replying to Rahul Gandhi's charge of 'privatising profit and nationalising loss', finance minister Nirmala Sitharaman lobbed counter-charge of 'privatising tax payers' money and nationalising corruption'
Air quality improved in major cities in India but 22 cities featured among the top 30 most polluted cities in the world, showed new data from IQAir’s global air quality data platform in its World Air Quality Report 2020. (Representative Image)(PTI)
Air quality improved in major cities in India but 22 cities featured among the top 30 most polluted cities in the world, showed new data from IQAir’s global air quality data platform in its World Air Quality Report 2020. (Representative Image)(PTI)

News updates from HT: India's air quality improved in 2020, says report

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON MAR 16, 2021 04:47 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Finance minister Nirmala Sitharaman said all banks will not be privatised.
Finance minister Nirmala Sitharaman said all banks will not be privatised.

Bank workers' salary, pension will be protected in case of privatisation: FM

By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON MAR 16, 2021 04:13 PM IST
Not all banks are going to be privatised and even those which are likely to be will continue to function, the finance minister said.
The finance minister said the capacity of the RBI's regulatory and supervisory staff is being strengthened with specially tailored courses.(REUTERS)
The finance minister said the capacity of the RBI's regulatory and supervisory staff is being strengthened with specially tailored courses.(REUTERS)

RBI strengthening institutional mechanism to prevent bank frauds: FM

PTI |
PUBLISHED ON MAR 16, 2021 03:20 PM IST
"We have been engaging with the RBI to ensure that the regulatory functions and supervisory function of the RBI are strengthened. I am assured by the RBI Governor that internally an institutional mechanism is being further strengthened," Sitharaman said during Question Hour in the Rajya Sabha.
Employees of various banks hold a banner as they shout slogans during a protest against the Privatization of Public Sector Banks and retrograde banking reforms during a two-day Nationwide strike in New Delhi on Tuesday. (ANI Photo)
Employees of various banks hold a banner as they shout slogans during a protest against the Privatization of Public Sector Banks and retrograde banking reforms during a two-day Nationwide strike in New Delhi on Tuesday. (ANI Photo)

Nationwide bank strike on for day 2, opposition seeks Sitharaman’s statement

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 16, 2021 02:26 PM IST
Congress leader Mallikarjun Kharge alleged that the government has taken the decision to privatise two public sector banks without discussing the 75 crore account holders.
Congress leader Rahul Gandhi during his election campaign forthe upcoming Tamil Nadu Assembly polls, at Church Road in Kanyakumari district, Monday, March 1, 2021. (PTI)
Congress leader Rahul Gandhi during his election campaign forthe upcoming Tamil Nadu Assembly polls, at Church Road in Kanyakumari district, Monday, March 1, 2021. (PTI)

'Nationalising loss': Rahul Gandhi backs bank employees' strike

By hindustantimes.com | Written by Arpan Rai, New Delhi
UPDATED ON MAR 16, 2021 01:39 PM IST
Several banking services such as cash withdrawals, deposits, cheque clearances, remittance services have been hit during the two-day strike.
All India Nationalised Bank Officers' Federation (AINBOF) organised demonstrations across the country.(Mint)
All India Nationalised Bank Officers' Federation (AINBOF) organised demonstrations across the country.(Mint)

Two-day nationwide bank strike: Here's how day 1 panned out

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON MAR 15, 2021 11:24 PM IST
The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, had called for a nationwide strike on March 15 and 16 to protest against the central government's proposed privatisation and disinvestment plan.
Finance minister Nirmala Sitharaman.(MINT_PRINT)
Finance minister Nirmala Sitharaman.(MINT_PRINT)

Sitharaman introduces Bill in Rajya Sabha to allow 74 pc FDI in insurance sector

PTI | , New Delhi
PUBLISHED ON MAR 15, 2021 07:29 PM IST
The Union Cabinet on Wednesday had gave its nod for amendments in the Insurance Amendment Bill 2021.
Samiti’s general secretary Swami Jeetendranand Saraswati said serving of the IT notices was akin to humiliation and a conspiracy against seers..(Representational Photo/PTI)
Samiti’s general secretary Swami Jeetendranand Saraswati said serving of the IT notices was akin to humiliation and a conspiracy against seers..(Representational Photo/PTI)

IT notices to Akhadas, mutts, angry seers write to finance minister Sitharaman

By HT Correspondent, Varanasi
UPDATED ON MAR 14, 2021 10:49 AM IST
  • A senior Akhil Bharatiya Sant Samiti functionary said that the saints and seers were given IT notices for money that they never received and threatened an agitation if action was not taken against officials responsible for the notices.
“Each one of us has to say that we don't accept such language and expressions,” Sitharaman added.(ANI Photo)
“Each one of us has to say that we don't accept such language and expressions,” Sitharaman added.(ANI Photo)

On International Women’s day, Sitharaman highlights gender bias in languages

By hindustantimes.com | Written by Harshit Sabarwal, New Delhi
PUBLISHED ON MAR 08, 2021 03:46 PM IST
On International Women's Day, Union finance minister Nirmala Sitharaman said people, during formal and informal engagements, use language in humour and it reinforces the mentality
Andhra Pradesh chief minister YS Jagan Mohan Reddy on Friday launched an official “Factcheck” portal aimed at curbing misinformation.(PTI FILE)
Andhra Pradesh chief minister YS Jagan Mohan Reddy on Friday launched an official “Factcheck” portal aimed at curbing misinformation.(PTI FILE)

News updates from HT: Jagan Reddy launches fact checking portal in Andhra

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 05, 2021 09:19 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Finance Minister Nirmala Sitharaman interacts with business leaders and captains of industry from various sectors at a meeting, in Chennai on Friday. (ANI Photo)
Finance Minister Nirmala Sitharaman interacts with business leaders and captains of industry from various sectors at a meeting, in Chennai on Friday. (ANI Photo)

Tax cut should be joint call of Centre, states: Sitharaman on high fuel prices

PTI | , New Delhi
UPDATED ON MAR 05, 2021 09:30 PM IST
Taxes on petrol and diesel make up for about 56 per cent of the record high diesel rates.
Union Finance Minister Nirmala Sitharaman added that the minimum threshold for initiating IBC proceedings has already been raised from <span class='webrupee'>₹</span>1 lakh to <span class='webrupee'>₹</span>1 crore, which largely insulates MSMEs.(ANI file photo)
Union Finance Minister Nirmala Sitharaman added that the minimum threshold for initiating IBC proceedings has already been raised from 1 lakh to 1 crore, which largely insulates MSMEs.(ANI file photo)

I-T raids on Taapsee, Anurag Kashyap: FM says they were raided in 2013 too

PTI | , New Delhi
PUBLISHED ON MAR 05, 2021 05:38 PM IST
Refusing to comment on individual cases, she said it is in the national interest to know if some evasion is happening.
The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)
The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)

RBI in favour of retaining inflation target for 5 years

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON FEB 27, 2021 04:47 AM IST
Under India’s flexible inflation targeting (FIT) approach, the central bank is expected to work to maintain retail inflation at 4%, with an upper tolerance limit of 6% and a lower limit of 2%.
Union finance minister Nirmala Sitharaman at an event in Ahmedabad on Thursday.(ANI Photo)
Union finance minister Nirmala Sitharaman at an event in Ahmedabad on Thursday.(ANI Photo)

When will petrol and diesel prices be reduced? 'It's a dharam sankat', says FM

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 25, 2021 09:56 PM IST
Earlier in the day, Reserve Bank of India (RBI) Governor Shaktikanta Das had said there is a need for coordinated action between the Centre and state governments to reduce taxes on petrol and diesel prices.
Finance Minister Nirmala Sitharaman also spoke about the successful dissemination of Covid vaccines to around 100 countries and highlighted the role played by the private sector in helping project India's image as a 'global friend'.
Finance Minister Nirmala Sitharaman also spoke about the successful dissemination of Covid vaccines to around 100 countries and highlighted the role played by the private sector in helping project India's image as a 'global friend'.

'Private sector has to be involved in India's growth story': FM Sitharaman

ANI | | Posted by Prashasti Singh, Bengaluru
UPDATED ON FEB 25, 2021 03:10 PM IST
Finance Minister Nirmala Sitharaman also emphasized the need for involvement and participation from the private sectors in order to meet these demands.
The decision, announced by finance minister Nirmala Sitharaman, is expected to improve efficiency and competition while helping smaller banks earn revenue.(PTI Photo)
The decision, announced by finance minister Nirmala Sitharaman, is expected to improve efficiency and competition while helping smaller banks earn revenue.(PTI Photo)

Private banks can vie for government business

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON FEB 25, 2021 07:23 AM IST
At present, only state-owned banks and large private banks are eligible to undertake government business, including collecting revenues and disbursing payments under various schemes.
The decision was announced by finance minister Nirmala Sitharaman's office on Twitter.(ANI file photo)
The decision was announced by finance minister Nirmala Sitharaman's office on Twitter.(ANI file photo)

Centre lifts embargo on grant of govt businesses to private banks

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 24, 2021 06:07 PM IST
The department of financial services said that the decision will enhance customer experience. It also said that private banks will be equal partners in government's economic and social agenda.
Bengaluru: Union finance minister Nirmala Sitharaman during a post-Budget interactive session with industry leaders. (PTI)
Bengaluru: Union finance minister Nirmala Sitharaman during a post-Budget interactive session with industry leaders. (PTI)

'Government well aware of fiscal management': FM Nirmala Sitaraman

By Sharan Poovanna, Bengaluru
UPDATED ON FEB 21, 2021 08:38 PM IST
  • The finance minister said this year's Union budget was about setting the path for the next decade.
Finance Minister Nirmala Sitharaman interacts with business leaders and captains of industry from various sectors at a meeting, in Chennai on Friday. (ANI Photo)
Finance Minister Nirmala Sitharaman interacts with business leaders and captains of industry from various sectors at a meeting, in Chennai on Friday. (ANI Photo)

Who was finance minister Nirmala Sitharaman's role model? She answers

By hindustantimes.com | Edited by Shivani, New Delhi
UPDATED ON FEB 21, 2021 06:21 PM IST
Sitharaman further said that it is destiny that took her to the post of the Union finance minister of India.
Union Finance Minister Nirmala Sitharaman.
Union Finance Minister Nirmala Sitharaman.

Budget 2021 will set path for the decade, says finance minister Sitharaman

By hindustantimes.com | Edited by Shivani, New Delhi
PUBLISHED ON FEB 21, 2021 04:09 PM IST
Speaking at a post-budget interaction held by Bangalore Chamber of Industry and Commerce in Bengaluru, Sitharaman said that the budget is not just for this year, "but for setting the path for the decade."
Finance Minister Nirmala Sitharaman.(ANI)
Finance Minister Nirmala Sitharaman.(ANI)

'Fuel price hike a vexatious issue, Centre, state govts should talk': Sitharaman

By hindustantimes.com | Edited by Shivani, Hindustan Times, New Delhi
UPDATED ON FEB 20, 2021 03:47 PM IST
The prices of petrol and diesel have been rising in India over the last 10 days; in some cities, petrol has already crossed the 100-mark per litre.
File photo of finance minister Nirmala Sitharaman with RBI governor Shaktikanta Das. The central bank had pledged to support the government’s <span class='webrupee'>₹</span>12 trillion borrowing programme. (HT Photo)
File photo of finance minister Nirmala Sitharaman with RBI governor Shaktikanta Das. The central bank had pledged to support the government’s 12 trillion borrowing programme. (HT Photo)

Finance minister Nirmala Sitharaman, RBI discuss stimulus exit road map

Livemint | By Gopika Gopakumar
UPDATED ON FEB 17, 2021 06:34 AM IST
Key takeaways from the FM’s meeting with RBI’s board of directors included inflation targeting and credit expansion
Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)

Finance minister Sitharaman to address post-Budget RBI board meeting

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON FEB 16, 2021 07:10 AM IST
  • The meeting will be held virtually this year due to the ongoing Covid-19 pandemic.
Finance minister Nirmala Sitharaman.(MINT_PRINT)
Finance minister Nirmala Sitharaman.(MINT_PRINT)

FM Sitharaman poses 10 questions to counter Congress attack on Budget

By Rajeev Jayaswal, New Delhi
UPDATED ON FEB 14, 2021 12:52 AM IST
After responding to various issues raised by members of Parliament in the Lok Sabha during a debate on the Union Budget over two days, Sitharaman asked Gandhi why the Congress took a U-turn on farm reforms after it proposed a similar move during the 2019 general elections.
The Finance Minister had made the remark during her response to the budget debate today in Lok Sabha earlier in the day.
The Finance Minister had made the remark during her response to the budget debate today in Lok Sabha earlier in the day.

Cong MP moves motion against FM for calling Rahul Gandhi 'doomsday man of India'

ANI |
PUBLISHED ON FEB 13, 2021 03:12 PM IST
"Minister of Finance Nirmala Sitaraman abused Rahul Gandhi as 'Doomsday man of India', accused that Rahul Gandhi, an elected member in the house, has joined with fringe element groups and that he is demeaning the country. This is an utter breach of privilege," the notice said.
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