NEW DELHI: Finance minister Nirmala Sitharaman’s sharp response following a discussion on the economic situation in India saw her take the “light banter” route to highlight how former finance minister and senior Congress member P Chidambaram cited the arguments put forth by TMC member Derek O’Brien during his speech on the economic situation. Without naming … Read more
NEW DELHI: Indian rupee has been strong against every currency and the US dollar is an exception because of policies adopted by the US Fed, finance minister Nirmala Sitharaman said during an acerbic exchange between the Opposition and treasury benches on the depreciating value of the rupee during Question Hour in Lok Sabha on Monday. … Read more
NEW DELHI/WASHINGTON: Finance minister Nirmala Sitharaman has said that the next Budget will be carefully structured to address the twin challenges of high inflation and slowing growth, while sounding optimistic about the Indian economy expanding by around 7% during the current financial year. “Specifics (of the next Budget) may be difficult at this stage because … Read more
MUMBAI/NEW DELHI: The Reserve Bank of India’s (RBI) decision to raise interest rates will not impact the government’s planned infrastructure investments and the hike was part of a synchronised action by major central banks across the globe to deal with the twin challenges of taming inflation and supporting economic revival, finance minister Nirmala Sitharaman said … Read more
NEW DELHI: The International Monetary Fund on Tuesday vowed to expand its work on crypto assets, amid a call from finance minister Nirmala Sitharaman to evolve a consensus to deal with digital assets. During a panel discussion early Tuesday morning (India time), Sitharaman flagged concerns over possible misuse of private digital currencies for money laundering … Read more
NEW DELHI: PM Narendra Modi will address the nation from the Red Fort on the 400th Parkash Purab of Sikh guru Tegh Bahadur on April 21. He will also release a commemorative coin and postage stamp on the occasion, the culture minisry said on Monday. The Sikh Guru’s execution orders were passed at the Red … Read more