Topic
finance minister
Finance Govt Debunks AI-Generated Fake Video of Finance Minister Nirmala Sitharaman Promoting Investment Scheme
The Press Information Bureau's Fact Check Unit has debunked a social media video claiming Finance Minister Nirmala Sitharaman promoted an investment scheme with easy returns. The video is AI-generated and fake, the government said, urging citizens and professionals to verify claims through official channels.
Business Nearly 500 Indian Cities Set to Become Next Economic Hubs: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced that nearly 500 cities in India are poised to become the country's next economic hubs, citing a rapidly expanding middle class that now represents 31% of the population and drives 93% of consumer spending. Speaking at a French economic forum, she highlighted the middle class's annual growth rate of 6.3% since economic liberalization and noted that India will surpass China in middle-class population size between 2030 and 2035, according to an OECD study.
Business Middle Class to Remain India’s Growth Engine, Consumption Driver by 2036: FM Sitharaman
Finance Minister Nirmala Sitharaman declared India's middle class as the engine of growth, projecting it will drive 93% of consumption by 2036. She highlighted government initiatives like Jan Dhan accounts, tax relief, and GST cuts that have broadened the base and lifted 248 million out of poverty. Separately, she co-chaired the India-France Economic & Financial Dialogue, exploring cooperation in critical minerals, high-speed rail, and financial industries.
Trade Sitharaman: External Aid Projects Must Help Northeast Products Access Global Markets
Union Finance Minister Nirmala Sitharaman said externally aided projects (EAPs) should serve as instruments to help Northeast India's local products access global markets. She noted EAP assistance increased seven-fold under the Modi government, from Rs 9,000 crore (2004-2014) to Rs 76,000 crore (2014-2026). She also inaugurated Northeast India's largest organic spice processing facility in Meghalaya.
Commodities FM Sitharaman Assures No Foodgrain Shortage Despite El Nino Impact on Monsoon
Union Finance Minister Nirmala Sitharaman assured that India has adequate buffer stock of foodgrains and there will be no shortage despite the impact of El Nino conditions. Speaking at the Mindmine Summit in New Delhi, she stated that the Southwest Monsoon rainfall is expected to be below normal, but sufficient fertilizer is available for the Kharif season, with Rabi supply commencing from November.
Trade India's 'Reform Express' Aims to Boost Trade Amid Global Hurdles
India's Finance Minister Nirmala Sitharaman announced decisive policy measures to sustain economic momentum despite global challenges. The government aims to attract foreign investment by exempting foreign investors from income tax on government securities.