Finance Minister Nirmala Sitharaman will be traveling to the United States from October 16th to 28th to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington D.C. The meetings are anticipated to address key global issues like poverty reduction, economic development, and sustainable development.
India’s Finance Minister Nirmala Sitharaman will embark on an official visit to Uzbekistan from September 24-28 to participate in the 9th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) in Samarkand. The meeting, scheduled for September 25-26, will bring together delegates from around 80 countries and international organizations. Sitharaman will also hold bilateral talks with her counterparts from Uzbekistan, Qatar, and China.
The death of a young chartered accountant, Anna Sebastian Perayil, allegedly due to overwork at Ernst & Young’s Pune office, has sparked controversy after Union Finance Minister Nirmala Sitharaman’s remarks on stress management. While addressing an event, Sitharaman suggested that individuals need inner strength achieved through divinity to handle pressure, drawing criticism from the Opposition and the deceased’s family. This incident has highlighted concerns about toxic work culture and the need for a safer work environment.
India’s Finance Minister Nirmala Sitharaman has clarified that the newly launched Unified Pension Scheme (UPS) is a new offering and not a rollback of the existing New Pension Scheme (NPS) and Old Pension Scheme (OPS). She also accused the Opposition Congress party of spreading misinformation about the UPS.
US Vice President Kamala Harris’ proposal to increase corporate tax rates and long-term capital gains tax has drawn comparisons to Indian Finance Minister Nirmala Sitharaman’s recent budget announcements. Social media has been abuzz with memes comparing the two politicians, highlighting the similarities in their tax policies and sparking discussions about their economic strategies.
August 18th holds a significant place in history, marking the discovery of Phobos, the birth of India’s Finance Minister, and the inauguration of IIT Kharagpur, among other noteworthy events. This article delves into these events, highlighting their impact on the world.
Union Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha, proposing significant changes to key banking regulations. The bill aims to increase the number of nominees per bank account, redefine ‘substantial interest’ for directorships, grant banks more flexibility in auditor pay, and adjust regulatory reporting dates. The bill also seeks to amend several laws, including the Reserve Bank of India Act and the Banking Regulation Act.
RPG Enterprises Chairman Harsh Goenka shared a humorous video of Rajya Sabha member Ramdas Athawale commenting on the Union Budget 2024. Goenka’s witty reaction highlights the viral nature of Athawale’s commentary, drawing attention to the budget’s key provisions like agricultural support, employment schemes, and tax changes.
West Bengal Chief Minister Mamata Banerjee’s claim that her microphone was switched off during the NITI Aayog meeting was refuted by the government, with Finance Minister Nirmala Sitharaman stating that her allotted speaking time had simply expired. Banerjee’s accusation sparked a controversy, with other Chief Ministers, including M.K. Stalin, expressing their support for her and criticizing the alleged treatment.
Finance Minister Nirmala Sitharaman on Wednesday refuted the opposition’s accusations that the Union Budget was discriminatory, calling it an outrageous allegation and a deliberate attempt to mislead the public. The opposition, led by the Congress, claimed that the budget favored Andhra Pradesh and Bihar while neglecting other states. Sitharaman countered that every budget cannot explicitly name all states and that funding allocations are made through various channels, including external aid.
