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Nirmala Sitharaman

Nirmala Sitharaman

DOB: August 18, 1959

Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh. In May 2016, she was one of the 12 candidates nominated by the BJP to contest the Rajya Sabha elections due on 11 June 2016. She successfully contested her seat from Karnataka. On 3 September 2017, she was elevated to Defence Minister. After Narendra Modi was re-elected in 2019 she became the first full time woman after Indira Gandhi to hold the Finance Minister post.

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NEWS

A case was registered on Saturday against Union Finance

Big relief to Sitharaman: Karnataka HC stays FIR against her in electoral bonds scheme till Oct 22

India | Sep 30, 2024, 06:08 PM IST

In a significant development, the Karnataka High Court stayed further investigation till October 22 in the FIR filed against former Karnataka BJP President Nalin Kumar Kateel and FM Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman

FIR against Finance Minister Nirmala Sitharaman over allegations of electoral bonds scheme

India | Sep 28, 2024, 09:47 PM IST

An FIR has been filed against Union Finance Minister Nirmala Sitharaman following allegations of electoral roll fraud. The case involves BJP leaders and Enforcement Directorate officials under charges of extortion and conspiracy. The controversy has sparked a political debate.

NPS Vatsalya scheme

NPS Vatsalya gets positive response: 9,700 minors subscribe to pension scheme on first day

Business | Sep 21, 2024, 10:05 PM IST

Under the NPS Vatsalya scheme, parents can open a pension account for their children and make a minimum annual contribution of Rs 10,000 per annum. After the child is 18 years of age, the account automatically gets converted into a normal NPS account, which the holder can continue.

NPS Vatsalya

NPS Vatsalya: Just invest Rs 10,000 annually for your child, check how much to earn after 18 years

Sep 19, 2024, 11:38 PM IST

NPS Vatsalya: If parents contribute Rs 10,000 annually to their child's NPS Vatsalya account for 18 years, a fund of Rs 5 lakh will be accumulated at an estimated return of 10%.

Finance Minister Nirmala Sitharaman Banks

Banks crucial in driving India’s path to becoming a developed nation: Nirmala Sitharaman

Business | Sep 19, 2024, 05:27 PM IST

Finance Minister Nirmala Sitharaman highlighted the crucial role of banks in India's vision for 2047. She called for enhanced infrastructure development, MSME support, financial inclusion, and digital security while praising the global success of UPI.

Nirmala Sitharaman launches NPS Vatsalya scheme

Nirmala Sitharaman launches NPS Vatsalya scheme: Know eligibility, application process and more

Sep 18, 2024, 06:48 PM IST

NPS Vatsalya Scheme Overview: Finance Minister Nirmala Sitharaman has introduced the NPS Vatsalya scheme, allowing parents to open pension accounts for their minor children. Aimed at securing long-term financial stability, the scheme converts to a regular NPS account when the child turns 18.

Nirmala Sitharaman, Finance Minister Nirmala Sitharaman, NPS Vatsalya Scheme for pensioners, NPS Vat

Finance Minister Nirmala Sitharaman to launch NPS Vatsalya Scheme for pensioners today

Business | Sep 18, 2024, 07:08 AM IST

NPS Vatsalya Scheme: The Union Finance Minister will also launch an online platform for subscribing to NPS Vatsalya, release of scheme brochure, and distribute Permanent Retirement Account Number (PRAN) cards to new minor subscribers.

Ministry of Finance

GST Council reduces taxes for cancer drugs, namkeen | Check details

India | Sep 09, 2024, 08:42 PM IST

The 54th GST Council meeting introduced several key changes in GST rates, including reductions for cancer drugs and adjustments for various goods. Notable updates include a rate cut for extruded snacks, a new reverse charge mechanism for metal scrap, and an increase in GST rates for car seats.

health insurance GST reduction

What GST Council has decided on demands of tax cuts in health insurance premiums | Details

Business | Sep 09, 2024, 08:36 PM IST

There has been a widespread demand to remove the 18 per cent GST on health insurance premiums so that the extra burden is not imposed on the insured, thereby increasing the ambit of coverage.

Finance Minister Nirmala Sitharaman

GST Council Meeting: Sitharaman announces key decisions; 'New GoM on medical health insurance'

Business | Sep 09, 2024, 08:15 PM IST

The Fitment Committee, comprising the Centre and state tax officials, on Monday presented a report giving data and analysis and implications of GST reduction on life, health and reinsurance premiums.

GST Council meeting

GST Council meet: Taxation of insurance premium to online gaming report -- what to expect today

Business | Sep 09, 2024, 11:37 AM IST

The GST Council will also decide whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.

10 Years of Jan Dhan Yojana

10 Years of Jan Dhan Yojana: Over 53 crore bank accounts opened, PM Modi hails scheme as a success

India | Aug 28, 2024, 10:33 AM IST

On the tenth anniversary of Pradhan Mantri Jan-Dhan Yojana (PMJDY), Prime Minister Narendra Modi praised the scheme for significantly boosting financial inclusion in India. Launched in 2014, PMJDY has opened over 53 crore bank accounts and accumulated deposits exceeding Rs 2.3 lakh crore.

2nd India-Singapore Ministerial Roundtable in Singapore

PM Modi to visit Singapore soon, likely to finalise big deal on semiconductor

World | Aug 27, 2024, 07:28 AM IST

Describing the ministers-only meeting as "productive," Balakrishnan noted that it paves the way for an upcoming official visit to Singapore by Prime Minister Narendra Modi, which is expected to happen soon.

Ministers- S Jaishankar Nirmala, and Sitharaman Piyush Goyal, call on the Singapore President and Pr

India's top ministers including Jaishankar, Sithraman, Goyal meet Singapore PM, President | Know why

World | Aug 26, 2024, 01:34 PM IST

The four ministers are in Singapore for the second India-Singapore Ministerial Roundtable (ISMR), scheduled for Monday. They will discuss bilateral cooperation and share perspectives on mutual interests.

Nirmala Sitharaman Shaktikanta Das

Banks urged to focus on core business, innovate for higher deposits: FM Sitharaman

Business | Aug 10, 2024, 02:54 PM IST

Finance Minister Nirmala Sitharaman urged banks to prioritise their core business activities, emphasising the necessity of collecting deposits and lending with increased strictness.

Nirmala Sitharaman on Finance Bill, Finance Bill 2024, Nirmala Sitharaman in rajya sabha, Finance Bi

Finance Bill 2024: Sitharaman proposes amendments to LTCG tax provision on immovable properties

Business | Aug 07, 2024, 06:41 PM IST

Centre has brought an amendment to the Finance Bill 2024, to allow taxpayers to select either a 12.5 per cent long-term capital gains tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year.

Parliament Session LIVE

Parliament Monsoon Session HIGHLIGHTS: Both Houses adjourn for the day

India | Aug 06, 2024, 09:07 PM IST

The External Affairs Minister also mentioned that the government is monitoring the situation with regard to the minorities living in Bangladesh.

Parliament Monsoon Session LIVE UPDATES

Parliament Monsoon Session Highlights: Both Houses adjourned for a day, to reconvene on August 6

India | Aug 05, 2024, 06:55 PM IST

Parliament Monsoon Session Highlights: In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will introduce the Appropriation Bill and Finance Bill. The Appropriation Bill was passed in Lok Sabha today.

Mamata Banerjee, Nirmala Sitharaman, Mamata writes to Sitharaman

Mamata urges Sitharaman to rollback GST on life, health insurance premiums: 'Highly anti-people...'

Aug 02, 2024, 05:22 PM IST

Mamata Banerjee said that the imposition of GST on insurance premiums increases the financial burden on the common people and urged Union Finance Minister Nirmala Sitharaman to withdraw the Centre's recent move in the Union Budget.

GST collections

GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark

Business | Aug 01, 2024, 07:57 PM IST

In a positive economic development, the government announced that July's Gross Goods and Services Tax (GST) collections have surged by 10.3%, reaching over Rs 1.82 lakh crore. This marks a significant improvement from the same period last year.

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