Nirmala Sitharaman

Nirmala Sitharaman, is the Union Finance Minister and former Defence Minister in Prime Minister Narendra Modi's government. Earlier, she held the position of Minister of State (Independent Charge) for Commerce & Industry, during the first three years of the NDA regime. She served as a member of the National Commission for Women between 2003-2005. She was first inivited to become a member fo the BJP's National Executive in 2008, after which she became actively involved with party's economic and political resolutions. She was appointed as the National spokesperson of the party in 2010. In 2012, Sitharaman worked directly under Modi, given the responsibility of organising BJPs media campaign for the elections.

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Reform momentum shall continue, more active steps being taken up: FM Nirmala Sitharaman

November 24, 2020 7:23 am

Sitharaman said the government, as part of the Atmanirbhar Bharat initiative, encouraging the setting up of dedicated special manufacturing zones for the production of pharma, medical devices and APIs in several states.

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Momentum of economic reforms will continue, FM Sitharaman assures industry

November 23, 2020 5:21 pm

"The momentum for reform shall continue. Several more active reform-related steps are being taken up," Sitharaman said.

A calibrated package: Govt's restraint in spending is commendable

November 14, 2020 8:44 am

One must appreciate the restraint in “spending other people’s money”, a tendency most regimes find hard to resist. But it is equally important that nominal GDP growth picks up strongly.

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Daily briefing: Tejashwi wants postal ballot recount; AG nod for contempt case against Kunal Kamra over tweets

November 13, 2020 8:23 am

The top headlines this morning: Centre tightens rules for NGOs to get foreign funds, criminal contempt of court proceedings against Kunal Kamra, and Kruna Pandya stopped at airport for carrying luxury watches.

The key theme of Atmanirbhar packages: spur demand rather than cash in hand

November 18, 2020 12:17 pm

The new stimulus package reinforces the ‘fiscal conservatism’ ideology of the government — rather than large cash transfers, the growth philosophy centres around creating an ecosystem that aids domestic demand, incentivises companies to generate jobs and boost production.

Sitharaman unveils Atmanirbhar 3.0: Incentives for hiring, real-estate; more credit for stressed sectors

November 13, 2020 3:02 am

Fresh stimulus worth Rs 1.2 lakh cr; Rs 10,000 crore extra for PM Garib Kalyan to boost job creation.

The third package

November 13, 2020 8:02 am

FM’s announcements focus on job creation, easing credit flow, but actual spending remains limited. More support is needed.

States need 'hard cash', govt's 'letter of comfort' has no value: Chidambaram on GST compensation

Congress: FM announcements another bid to manage headlines about economy

November 13, 2020 1:25 am

Addressing a press conference, senior Congress leaders P Chidambaram and Jairam Ramesh said the announcements made by the Finance Minister with “much fanfare” is an attempt to hide and bury the hard fact that the economy is in recession.

Govt to bear 2 years’ share of PF for laid-off, new workers

November 13, 2020 12:20 am

The contribution of 24 per cent for both employers and employees for establishments employing up to 1,000 employees will be borne by the Centre and for establishments employing more than 1,000 employees, 12 per cent of the employees’ share will be contributed by the government.

Atmanirbhar 3.0: How the stressed sectors, job creation, real estate will benefit

November 15, 2020 12:24 pm

Announcing new stimulus measures, Finance Minister Nirmala Sitharaman said the "unrelenting reform pitch" of the government has helped in a "strong recovery" taking root in the economy.