Wednesday, 18 May, 2022
TopicFinance Minister

Topic: Finance Minister

Sri Lanka’s new finance minister quits after one day in office as economic crisis worsens

Ali Sabry's departure is in keeping with the trend of govt officials distancing themselves from the powerful Rajapaksa family in face of growing public anger over surge in inflation.

India has no proposal to recognise Bitcoin as currency: Nirmala Sitharaman in Parliament

Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.

Sitharaman to meet heads of banks & financial institution for two-day conference next week

The conference beginning on 17 November will focus on the flow of credit into different sectors of the economy in a seamless manner, according to the Finance Ministry.

Pushing to have LIC IPO done by March 2022, FM Sitharaman says

Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.

Nirmala Sitharaman meets leaders of global corporations in US, discusses reforms in India

Finance Minister Sitharaman is on an official US visit to attend the annual meet of the World Bank and IMF and G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.

Trust between govt & industry crucial in using opportunities created by Covid: FM Sitharaman

While addressing members of the Confederation of Indian Industry, FM Nirmala Sitharaman also assured that the proposed Development Financial institution will become functional soon.

Banks should adopt digitisation to ensure govt schemes reach needy, says Nirmala Sitharaman

The Finance Minister said it was due to use of digitisation through banking correspondents that govt's financial disbursements were distributed to the poor even during Covid pandemic.

Govt ready to do everything to revive & support economic growth, says Nirmala Sitharaman

Speaking at the CII Annual Meeting, Sitharaman said indicators suggested that economy is buoyant and recovery is taking place after lifting of Covid restrictions by states.

Strong fundamentals, market size will attract foreign investments, says Nirmala Sitharaman

In a written reply to Lok Sabha, Sitharaman said the fundamentals of the economy remained strong as gradual scaling back of lockdowns placed India firmly on the path of recovery.

Special GST council session soon to discuss compensation-related issues, says Sitharaman

Union Finance Minister Nirmala Sitharaman also said that the flow of Covid-19 vaccination across the country will be well managed and all states will be taken care of.

On Camera


Chinese President Xi Jinping | Representational image|

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.


Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.