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Sunday, October 12, 2025
TopicFinance Minister Nirmala Sitharaman

Topic: Finance Minister Nirmala Sitharaman

Nirmala Sitharaman is an Indian politician with the Bharatiya Janta Party (BJP), and has served as Minister of Finance and Minister of Corporate Affairs since 2019 (this is as of March 2024). In the first Modi government, Sitharaman served as the Minister of Defence between 2017 and 2019, thereby becoming India’s second female defence minister and the second female finance minister after Indira Gandhi, and the first full-time female minister to hold each of those portfolios.

Sitharaman first joined the BJP in 2004 and was appointed party spokesperson six years later. She was first elected to the Rajya Sabha in 2014. While presenting her first budget, she made a statement by replacing the traditional budget briefcase with a ‘bahi-khata’ with the National Emblem to carry the speech and other documents.

Centre budgets Rs 11.11 lakh crore of capex for 2024-25, roads & railways get nearly 50% of outlay

Yuthika Bhargava -
The allocation, at 3.4% of GDP, remains unchanged from the figure announced in interim budget in February, and is 11% higher than last year’s outlay of Rs 10 lakh crore.

Defence budget raised by Rs 500 crore from interim, Rs 1.05 lakh crore reserved for Indian firms

Snehesh Alex Philip -
In terms of pure numbers, the total defence budget for 2024-25 stands at Rs 6,21,940 crore as against Rs 6.23 lakh crore in the revised estimates for the last fiscal. 

Budget 2024: Gold, silver, phone chargers to get cheaper. Cost of fertilisers, PVC flex boards to rise

Sampurna Panigrahi -
Twenty-five critical minerals essential for sectors like nuclear energy, renewable energy, space, defence etc exempt from customs duties. Angel tax abolished, in boost for startups.

Modi government says focus on employment & middle class in first post-poll budget

Sarita Chaganti Singh -
The government will allocate 2 trillion rupees ($24 billion) for job creation over the next five years, Nirmala Sitharaman said.

India’s energy demand to grow 2-2.5 times by 2047, coal to dominate, says Economic Survey 2023-24

Akanksha Mishra -
Survey says there needs to be ‘orderly’ transition to mix of energy sources, which includes hydro, solar, wind & green hydrogen. It also talks about balancing development & climate change.

Finance Minister Nirmala Sitharaman to present Economic Survey in Parliament a day before budget

ANI -
The Budget Session of Parliament will commence Monday and subject to the exigencies of government business, the session is likely to conclude on 12 August.

Jobs, rural India likely to be focus of new Modi government’s first budget, says Goldman Sachs

Ira Dugal -
The budget proposal for the financial year ending March 2025 will be presented on 23 July, the government said over the weekend.

Ahead of Union Budget, Naidu meets Nirmala Sitharaman, seeks financial aid for Andhra Pradesh

PTI -
Andhra Pradesh CM presented a detailed memorandum during a meeting in North Block highlighting projects in the state that require urgent central assistance.

Why Nirmala Sitharaman 2.0 is good for finance ministry, govt & even the economy

+TFP TCA Sharad Raghavan -
If corporate India and the stock markets want stability, and PM Modi wants someone who unquestioningly follows his directions, then Sitharaman is the right person for the job.

‘Cesspool to historic profits’ — FM Sitharaman outlines ‘turnaround’ of banking sector under Modi

Moksha M. Munoth -
In series of X posts, Finance Minister Nirmala Sitharaman highlights 'banking sector turnaround from non-performing assets crisis created by UPA to Rs 3 lakh crore profits in FY24'.
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Opinion

If fundamental right to property can be taken away, so can all the others: AG Mulgaokar

AG Mulgaokar -
If this step even partially achieves its desired results, there will be so much dislocation in the country’s economic structure as to prove a national calamity, advocate AG Mulgaokar wrote in 1969.

Chhindwara’s Coldrif deaths show India’s dangerous irony—pharmacy of the world, failing at home

In Great Game for Kabul, India plays a patient hand. Multi-alignment to compartmentalisation

Economy

Niti Aayog recommends fully decriminalising 12 offences under new I-T Act to ‘foster more trust’

Udit Bubna -
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.

Defence

India, UK sign £350 mn deal for Martlet. What are these Lightweight Multirole Missiles

Snehesh Alex Philip -
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.

National Interest

CJI, IPS, IAS & Homebound: A wake-up call 75 years in the making

Shekhar Gupta -
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.

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