"nirmala-sitharaman"

Finance Minister Nirmala Sitharaman said Indian banks are prepared for tech risks but warned about threats from Anthropic’s Mythos AI, with Ministry of Electronics and Information Technology monitoring impacts and urging stronger safeguards

Finance Minister Nirmala Sitharaman criticised Tamil Nadu Chief Minister MK Stalin for misrepresenting the Centre’s advisory on crop diversification, stressing the need to boost domestic production of pulses and oilseeds to strengthen food security and reduce import dependence

Finance Minister Nirmala Sitharaman said India’s strong fiscal position and healthy reserves give the RBI policy flexibility. She highlighted low debt levels, stable borrowing plans, and government measures to manage inflation risks amid global uncertainties and rising crude prices

BJP released its Assam assembly poll manifesto, promising protection of indigenous land and heritage, Rs 5 lakh crore investment, 2 lakh government jobs, flood-free Assam under 'Badh Mukt Assam Mission', and strict action on illegal encroachments and 'Love Jihad'

Finance Minister Nirmala Sitharaman said banks cannot access or record locker contents as it violates rules. She ruled out differential insurance based on stored valuables, stating compensation remains fixed at 100 times the annual locker rent

Finance Minister Nirmala Sitharaman tabled the Finance Bill, 2026, in the Lok Sabha, providing legal backing to Budget proposals. The House also referred the Corporate Laws (Amendment) Bill to a Joint Parliamentary Committee amid Opposition concerns over CSR provisions.

Finance Minister Nirmala Sitharaman said the government will soon introduce a revamped Stand-Up India scheme to support SC/ST and women entrepreneurs. The modified scheme will incorporate lessons from the earlier programme that expired on March 31, 2025

The government is preparing to relaunch the Stand-Up India scheme with modifications aimed at providing enhanced benefits to SC/ST and women entrepreneurs. Finance Minister Nirmala Sitharaman informed Parliament that lessons from the original scheme, which ended in March 2025, are being incorporated into the new version.

Finance Minister Nirmala Sitharaman said the proposed Rs 1 lakh crore Economic Stabilization Fund will help India respond to unexpected crises such as global conflicts and supply disruptions. The Lok Sabha approved supplementary demands for grants worth Rs 2.01 lakh crore

Finance Minister Nirmala Sitharaman said the recent rise in global crude oil prices is unlikely to significantly impact India’s inflation for now, as consumer inflation remains near the lower bound of the RBI’s tolerance band amid government and monetary policy measures.

Cyber criminals are increasingly using Artificial Intelligence to carry out sophisticated frauds through deepfake videos, scam calls and phishing attacks. Telangana Cyber Security Bureau officials warn people to verify financial schemes carefully as AI-driven cyber crimes continue to increase.

RBI stated there is no systemic risk to the banking system following a Rs 590-crore fraud at IDFC First Bank’s Chandigarh branch. Four officials were suspended; the stock fell sharply amid ongoing investigation

India has safeguarded sensitive agriculture and dairy sectors in the US trade deal, while Washington reduces tariffs on Indian goods from 50% to 18%. Labour-intensive sectors like apparel, footwear, and jewellery are set to benefit, with a joint statement to be issued soon

Finance Minister Nirmala Sitharaman said the government plans to introduce the Insolvency and Bankruptcy Code Amendment Bill, 2025 in the second half of the Budget session from March 9, after the parliamentary committee submitted its report

The CPI and CPI(M) State units criticised the Union Budget, alleging that Telangana was ignored in allocations and project sanctions. CPI State Secretary Kunamneni Sambasiva Rao said promises made during the State’s bifurcation were not honoured, and demanded accountability from BJP MPs elected from Telangana.

Finance Minister Nirmala Sitharaman has announced a high-level committee on banking to support Viksit Bharat goals. The panel will review sector performance, strengthen financial stability and improve efficiency, while reforms for NBFCs and foreign investments are also planned

The government has proposed allowing Indian non-residents to invest in domestic equities through the Portfolio Investment Scheme. Announced in Budget 2026–27, the move aims to boost market liquidity, attract stable inflows and support currency stability.

Finance Minister Nirmala Sitharaman announced the creation of specialised rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu. The initiative aims to boost mining, processing, research, and manufacturing, reducing dependence on imports and strengthening India’s critical minerals capabilities

India’s Union Budget 2026-27 allocates Rs 7.84 lakh crore for defence, including Rs 2.19 lakh crore for capital expenditure and Rs 5.53 lakh crore for revenue. Customs duty exemptions on aircraft components aim to boost the defence aerospace sector

Congress criticised Union Budget 2026-27 as “lacklustre” and “non-transparent,” saying Finance Minister Nirmala Sitharaman’s speech omitted key allocations. While capex rises to Rs 12.2 lakh crore and infrastructure plans were outlined, critics say the budget falls short of expectations