Page 27 - Latest Updates on Nirmala Sitharaman
As freebies debate rages, a look at states' contingent liabilities
The net borrowing ceiling of states is mandated by the FRBM Act. However, the upper limit of what their contingent liabilities can be is set by states' own legislative bodies
 "As freebies debate rages, a look at states' contingent liabilities")
Digital currency: The govt would do well not to get carried away on CBDC
If financial inclusion is the goal of issuing CBDCs, it might not be worth it since UPI has been fairly successful in achieving it
Financial inclusion major step towards inclusive growth: FM Sitharaman
Financial inclusion is a major step towards inclusive growth which ensures the overall economic development of the marginalised sections of the society, FM Nirmala Sitharaman said
 "Financial inclusion major step towards inclusive growth: FM Sitharaman")
US Treasury official concludes India visit with discussions on Ukraine
US treasury official has concluded his visit to India that included meetings among others with Union Finance Minister Nirmala Sitharaman, with discussions on issues like energy prices and Ukraine
 "US Treasury official concludes India visit with discussions on Ukraine")
Live news updates: India reports 9,520 new coronavirus cases, 41 fatalities
Live news updates: The death toll due to the disease has climbed to 5,27,597
 "Live news updates: India reports 9,520 new coronavirus cases, 41 fatalities")
Freebies row: Poll promises should be met via budgetary provisions, says FM
Meanwhile, the apex court has asked a three-judge Bench to review a past order on the issue, which said that such handouts are not a corrupt practice
 "Freebies row: Poll promises should be met via budgetary provisions, says FM")
Don't burden utilities, pay for freebies from budget: Sitharaman to parties
Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos.
 "Don't burden utilities, pay for freebies from budget: Sitharaman to parties")
FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy
India will hold the Presidency of the G20 from December 1 to November 30, 2023. India will host the G20 summit next year.
 "FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy")
Govt executing each scheme covering all eligible persons: FM Sitharaman
The Finance Minister commended Nagaland for performing well in schemes like Atal Pension Yojana, MUDRA and Standup India
 "Govt executing each scheme covering all eligible persons: FM Sitharaman")
What's a freebie? Experts dissect basic definition amid SC hearings
'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'
 "What's a freebie? Experts dissect basic definition amid SC hearings")
Banks must ensure credit schemes reach eligible citizens: FM Sitharaman
'Difficult situation' caused by unintended people getting benefits of credit programmes now over, she says
Organic crops in great demand but storage a challenge, says FM Sitharaman
Union Finance Minister Nirmala Sitharaman said that organic vegetables and fruits produced in Nagaland are in great demand but aggregating, storing and finding markets is a challenge
FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event
Sitharaman will visit Mon on Tuesday morning to inaugurate the first branch of Axis Bank in the remote district
Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end
This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September
 "Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end")
India's CBDC roll-out likely this fiscal with wholesale businesses
India's own sovereign-backed CBDC was first announced by Union Finance Minister Nirmala Sitharaman in the 2022 Union Budget
 "India's CBDC roll-out likely this fiscal with wholesale businesses")
WazirX controversy bares crypto's vault of trade secrets in India
The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad
 "WazirX controversy bares crypto's vault of trade secrets in India")
India supplies nearly 60% of vaccines used worldwide: FM Sitharaman
FM Nirmala Sitharaman on Wednesday said nearly 60 per cent of all the vaccines used in the world are produced in India and, the country has made remarkable contribution to vaccinating the world.
 "India supplies nearly 60% of vaccines used worldwide: FM Sitharaman")
Govt nods enhancing ECLGS limit to Rs 5 trn for hospitality, allied sectors
Union Cabinet has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme by Rs 50,000 crore Rs 5 Lakh crore, with the additional amount being earmarked entities in hospitality
 "Govt nods enhancing ECLGS limit to Rs 5 trn for hospitality, allied sectors")
Jal Jeevan Mission makes significant strides in 3 years since inception
Around 52% of rural households have been provided piped water supply till August
 "Jal Jeevan Mission makes significant strides in 3 years since inception")
Vande Bharat Express's 3rd rake to be field tested for 15,000 km: Vaishnaw
According to him, all tests such as static, dynamic, oscillation and others will be carried out and added that ICF will be rolling out more such trains.
 "Vande Bharat Express's 3rd rake to be field tested for 15,000 km: Vaishnaw")
