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.
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.
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.
While addressing members of the Confederation of Indian Industry, FM Nirmala Sitharaman also assured that the proposed Development Financial institution will become functional soon.
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.
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.
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.
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.
Finance Minister Nirmala Sitharaman previously served as India's first full-time woman defence minister. Amid constant rumours of being shunted out, she presented her third Budget this week.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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