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"nirmala-sitharaman"

  • Budget 2026: Sitharaman proposes five regional medical hubs to promote medical tourism

    Union Finance Minister Nirmala Sitharaman proposed setting up five regional medical hubs to promote medical tourism, alongside new Ayurveda institutes, upgraded Ayush facilities and expanded allied health training, while presenting the Union Budget 2026–27.
  • Hyderabad among cities in Centre’s plan for 7 high-speed rail corridors

    Finance Minister Nirmala Sitharaman proposed seven high-speed rail corridors linking major Indian cities, promoting regional growth, faster travel, and lower emissions. She also outlined banking reforms, foreign investment modernization, and an integrated textile programme under the Union Budget 2026-27
  • Sitharaman lays 16th Finance Commission report in Lok Sabha

    Finance Minister Nirmala Sitharaman tabled the 16th Finance Commission report in Lok Sabha, outlining tax devolution between Centre and states for 2026–2031. Headed by Arvind Panagariya, the panel proposes formulas guiding Centre–state fiscal relations
  • FM Sitharaman shows red ‘digital bahi-khata’

    Finance Minister Nirmala Sitharaman carried Union Budget documents on a digital tablet in a red bahi-khata, symbolising tradition and technology. Continuing the paperless Budget, she reaffirmed the shift from colonial symbols while engaging students during Budget 2026–27 presentation
  • Union Budget 2025-26: Fiscal deficit, capex and GST in focus

    Finance Minister Nirmala Sitharaman will present her ninth straight Union Budget on February 1. Key focus areas include fiscal deficit, capital expenditure, borrowing, tax revenue, GST collections, and nominal GDP growth, which will guide market expectations
  • FM Sitharaman 1st woman to present Budget for 9th consecutive time: PM Modi

    Nirmala Sitharaman will present the Union Budget 2026-27 on February 1, marking her ninth consecutive Budget—first woman to do so in India. Backed by top bureaucrats, the Budget focuses on fiscal stability, growth, reforms, and Viksit Bharat 2047 goals
  • IFCAI proposes progressive GST on antibiotics to tackle antimicrobial resistance

    The Infection Control Academy of India has urged Finance Minister Nirmala Sitharaman to adopt a progressive GST on antibiotics. Access drugs would remain cheap, while Watch and Reserve antibiotics face higher taxes to prevent misuse and tackle antimicrobial resistance.
  • Union Budget Session 2026 from January 28, Budget presentation likely on a Sunday

    President Droupadi Murmu has approved the summoning of Parliament for the Budget Session 2026, scheduled from January 28 to April 2 in two phases. Parliamentary Affairs Minister Kiren Rijiju announced that Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, a rare Sunday occurrence.
  • Naidu meets Sitharaman, seeks Centre’s support for key Andhra Pradesh projects

    Andhra Pradesh Chief Minister N. Chandrababu Naidu met Union Finance Minister Nirmala Sitharaman, seeking central support for Purvodaya, SASCI projects, Rayalaseema horticulture development and the Polavaram–Nallamala Sagar Link Project amid financial constraints
  • Global trade getting weaponised through tariffs: Sitharaman

    Finance Minister Nirmala Sitharaman said global trade is increasingly being "weaponised" through tariffs and other measures. She emphasized India must negotiate carefully, leveraging its economic strength to safeguard domestic industries amid rising international protectionism
  • Govt introduces bill in LS to hike FDI in insurance sector to 100 per cent

    The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was introduced in the Lok Sabha to raise FDI in insurance from 74% to 100%. Opposition opposed the move, while the government cited policyholder protection and sector growth
  • Health and National Security cess to target pan masala, revenue shared with States

    Finance Minister Nirmala Sitharaman announced the Health and National Security Cess, levied only on demerit goods like pan masala, with revenues shared with states for health schemes. The move complements GST and aims to deter consumption while funding national priorities
  • FM Sitharaman and CM Naidu lay foundation for new PSU bank and insurance offices in Amaravati

    Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu laid the foundation stone for offices of 15 public sector banks and insurance companies in Amaravati. The Rs 1,328-crore projects are expected to create 6,541 jobs and boost the capital’s development
  • UPI hits record Rs 1.02 lakh crore in single-day payments as GST cuts fuel Diwali demand

    The Unified Payments Interface (UPI) recorded its highest-ever single-day value of Rs 1.02 lakh crore on October 18, buoyed by strong festive demand and GST rate cuts that boosted consumer spending. Retail sales also surged to an unprecedented Rs 6.05 lakh crore
  • FM Nirmala Sitharaman warns of deepfake videos, urges stronger AI defence

    Finance Minister Nirmala Sitharaman highlighted the risks of deepfake videos and AI-driven fraud, calling for stronger defences to protect public trust. She emphasised innovation must be secure, resilient, and inclusive, praising SEBI’s efforts to curb investor impersonation
  • Financial assets worth Rs 1.84 lakh crore lying unclaimed with banks, regulators says Sitharaman

    Finance Minister Nirmala Sitharaman launched the Apki Poonji, Apka Adhikar campaign to return Rs 1.84 lakh crore in unclaimed financial assets. The campaign promotes awareness, access, and action via portals like UDGAM and support from banks and regulators
  • India a ‘stabilising force’ in global economy, says Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman said India has emerged as a stabilising force in the global economy, resilient against trade, energy, and financial shocks. Speaking at Kautilya Economic Conclave 2025, she warned of global uncertainties, shifting alliances, and structural transformations in world order
  • GST reforms huge victory for every citizen: Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman called GST reforms a win for all citizens, with major tax cuts and simplified slabs. She said the number of GST payers grew from 66 lakh to 1.5 crore, boosting revenue and tax compliance
  • Revanth Reddy seeks FRBM exemption for Rs 30,000 crore Young India schools project

    Chief Minister A. Revanth Reddy has formally requested Union Finance Minister Nirmala Sitharaman to exempt a Rs. 30,000 crore loan from Telangana’s FRBM ceiling to finance the Young India Integrated Residential Schools initiative. The state plans to build 105 modern residential schools, one per Assembly constituency, targeting BC, SC, ST, and minority students and accommodating 2.7 lakh students.
  • New GST regime from September 22 to slash daily bills; Finance Minister calls it ‘People’s Reform’

    Starting September 22, GST rates on 400 items will be reduced in a major reform. Finance Minister Nirmala Sitharaman says this will lower household expenses, boost spending, and benefit all families. Insurance premiums will be tax-free, and compliance will be easier
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