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New Delhi [India], April 6 (ANI): Finance Minister Nirmala Sitharaman on Monday said the global economic landscape has moved from a phase of isolated shocks to one of "permanent volatility", underlining rising uncertainty due to geopolitical tensions and economic disruptions. Addressing the Golden Jubilee event of the National Institute of Public Finance and Policy in Delhi, Sitharaman pointed to several global challenges that have reshaped the world economy in recent years. "The current year ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said India has fiscal space to support sectors impacted by escalating West Asia crisis, while the Reserve Bank has room to cut interest rate to deal with global challenges. The Monetary Policy Committee headed by Reserve Bank Governor will announce its stance on interest rate on Wednesday. There is a widespread speculation that RBI will maintain status quo. The rate-setting panel began its deliberations on Monday. Observing t ...Read More >
Union Finance Minister Nirmala Sitharaman raised concerns about Kerala's economy and safety during a campaign event. She highlighted the Sabarimala gold loss, stating even God is not safe in the state. Sitharaman criticized the ruling LDF and opposition UDF for mismanaging the economy. She mentioned industries are declining and entrepreneurs face difficulties. Kochi, Union Finance Minister Nirmala Sitharaman on Saturday raised the Sabarimala gold loss issue during an NDA poll campaign event at ...Read More >
Thrissur (Kerala), Apr 5 (PTI) Union Finance Minister Nirmala Sitharaman on Sunday criticised the LDF government in Kerala, accusing it of "damaging" the state's economy through indiscriminate borrowing. Addressing party workers during a roadshow in Kodungallur as part of the NDA campaign ahead of the Assembly polls, she alleged that prolonged Communist rule had adversely impacted economic growth, citing the example of West Bengal. "Thirty years of Communist rule in West Bengal destroyed the s ...Read More >
Guwahati, April 5: The electoral contest in Guwahati Central has taken a sharply polarised turn, with "beef politics" emerging as the defining flashpoint ahead of the Assam Assembly elections, pushing conventional campaign issues to the margins. At the centre of the controversy is Assam Jatiya Parishad (AJP) candidate Kunki Chowdhury, whose campaign has drawn both high-profile endorsements and sustained attacks from the ruling BJP, led by Chief Minister Himanta Biswa Sarma. The row escalated a ...Read More >
New Delhi, Apr 4 (PTI) Veteran industrialist Venu Srinivasan, a trustee on Tata Trusts, has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, according to sources. Although he cited other business commitments for his resignation from one of the smaller trusts in the Tata Trusts, the development followed a challenge from Mehli Mistry, a former trustee of the Tata Trusts. Comments from Srinivasan and Tata Trusts could not be obtained immediately. Mistry had challenged ...Read More >
Atanu Chakraborty Resignation: A fresh controversy seems to be brewing around HDFC Bank after the resignation of its former part-time chairman and independent director Atanu Chakraborty. The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman, asking for intervention and greater clarity on the circumstances surrounding his exit. What stands out, according to the association, is the reason cited in the resignation letter. Chakraborty referred to cert ...Read More >
Guwahati, April 4: Assam Jatiya Parishad (AJP) candidate from Guwahati Central, Kunki Chowdhury, has filed a complaint at Panbazar Police Station alleging the circulation of defamatory deepfake videos aimed at tarnishing her image ahead of the Assam Assembly elections. In her complaint addressed to the Officer-in-Charge of the Panbazar Cyber Police Station, Chowdhury stated that "several unidentified individuals operating through multiple social media accounts have created and circulated manipu ...Read More >
Russia's first deputy prime minister Denis Manturov met Prime Minister Narendra Modi and external affairs minister S Jaishankar on Thursday and discussed ways to advance cooperation in critical areas such as energy and fertilisers. Modi said on social media that he and Manturov discussed "mutually beneficial cooperation in trade, fertilisers, connectivity and people-to-people ties". Modi lauded the sustained efforts by both countries to implement the outcomes of the India-Russia Summit held dur ...Read More >
New Delhi: With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the matter said. M ...Read More >
New Delhi: The Centre is mulling a slew of pre-emptive steps to mitigate the war-hit sectors in the country amid the ongoing West Asia conflict. The government is mostly focussing on manufacturing, energy and export sectors, among others to provide some 'temporary' relief to these sectors. Apart from the government's inter-ministerial set-up, both the finance ministry and commerce ministry are working separately on some new measures, including more production-linked incentive or PLI schemes for ...Read More >
The All India Bank Employees' Association (AIBEA) has recently written to Finance Minister Nirmala Sitharaman seeking regulatory intervention and public disclosure following the resignation of HDFC Bank's former Part-time Chairman and Independent Director, Atanu Chakraborty. In its letter, AIBEA expressed concern over the resignation, noting that the resignation letter stated certain "happenings and practices" in the bank were not in line with his personal values and ethics. AIBEA said the dev ...Read More >
New Delhi, Apr 3 (PTI) With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the mat ...Read More >
New Delhi [India], April 3 (ANI): Russia's First Deputy Chairman Denis Manturov reaffirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas (LNG) to the Indian market amid the energy crisis due to the conflict in West Asia, underlining deepening energy cooperation between the two countries during his official visit to the country. According to a statement issued by the Russian Embassy in India on Telegram on Thursday, Manturov highlighted t ...Read More >
Mumbai: HDFC Bank, one of India's largest private sector banks, has announced that it will hold a board meeting on April 18. In this meeting, the bank will consider a major plan to raise funds over the next 12 months. The bank is looking to raise money through different types of debt instruments. These may include Perpetual Debt Instruments (AT1 Capital), Tier II bonds, and long-term infrastructure bonds. The fundraising is expected to be done through private placement. This means the bank will ...Read More >
New Delhi [India], April 3 (ANI): Russia's First Deputy Chairman Denis Manturov reaffirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas (LNG) to the Indian market amid the energy crisis due to the conflict in West Asia, underlining deepening energy cooperation between the two countries during his official visit to the country. According to a statement issued by the Russian Embassy in India on Telegram on Thursday, Manturov highlighted t ...Read More >
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman seeking a comprehensive inquiry into the issues raised by Atanu Chakraborty, former Part-Time Chairman of HDFC Bank, in his resignation letter. In his resignation letter dated March 17th, Chakraborty said that certain "happenings and practices" within the bank were not in congruence with his personal values and ethics. The Association has sought the government's intervention for assessing the g ...Read More >
The Congress and the Bharatiya Janata Party (BJP) on Wednesday exchanged several barbs amid the high-stake contest in Assam where the assembly elections are scheduled on April 9. Congress leader Priyanka Gandhi, who was in Assam for a campaign rally, accused the Himanta Biswa Sarma government of being corrupt and alleged a "mafia rule" in the state. The Congress leader, an MP from Wayanad, also raised Zubeen Garg's death and said seeking justice for a respected figure is a political duty rathe ...Read More >
Defence Minister Rajnath Singh Thursday chaired the second meeting of the Informal Group of Ministers (IGoM), which took stock of a range of issues, including LPG supplies, aviation turbine fuel price hike, and customs duty exemption on 40 critical petrochemical products till June this year. The meeting was attended by Cabinet ministers Nirmala Sitharaman (Finance), Hardeep Singh Puri (Petroleum), Manohar Lal (Power), Jagat Prakash Nadda (Chemical & Fertilisers), S Jaishankar (External Affairs) ...Read More >
New Delhi [India], April 3 (ANI): External Affairs Minister S Jaishankar hosted Russia's First Deputy Prime Minister Denis Manturov in the national capital to deliberate on the expanding dimensions of the India-Russia strategic partnership. In a post on X on Thursday, Jaishankar shared that he was "pleased to host First DPM Denis Manturov of Russia today in New Delhi." The meeting served as a platform for an "in-depth conversation on our bilateral cooperation focusing on trade, industry, energy ...Read More >
New Delhi [India], April 3 (ANI): Prime Minister Narendra Modi met Russia's First Deputy Prime Minister Denis Manturov to discuss the strengthening of bilateral relations between the two nations. The meeting focused on various sectors of strategic importance, reinforcing the deep-rooted partnership between New Delhi and Moscow. In a post on X on Thursday, Prime Minister Narendra Modi shared details of the interaction, stating, "Pleased to meet Russia's First Deputy PM Denis Manturov. We discuss ...Read More >
New Delhi, April 2: Prime Minister Narendra Modi on Thursday met Russia's First Deputy Prime Minister Denis Manturov and discussed bilateral cooperation in areas including trade, fertilisers, connectivity and people-to-people ties. The Prime Minister also welcomed ongoing efforts by both sides to implement the outcomes of the 23rd India-Russia Annual Summit held during President Vladimir Putin's visit to India in December last year. Taking to X, the Prime Minister wrote: "Pleased to meet Russia ...Read More >
The first meeting was held on March 28, when Singh had asked officials to closely monitor the situation and ensure coordinated action while planning for long-term stability. Union Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) in New Delhi, where members reviewed the government's response to the ongoing West Asia conflict. The meeting was attended by key Union ministers, including Finance and Corporate Affairs Minister Nirmala Sit ...Read More >
New Delhi [India], April 2 (ANI): The second meeting of the Informal Group of Ministers (IGoM), set up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Defence Minister Rajnath Singh at Kartavya Bhawan-2, New Delhi, on Thursday. According to a press release, the IGoM deliberated upon the recent developments at length, and the next steps to be taken by the Government to mitigate any adverse impact ar ...Read More >
New Delhi, Apr 2 (PTI) Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirm ...Read More >
New Delhi, Apr 2 (UNI) Amid growing uncertainty in West Asia, the government on Thursday reviewed India's preparedness and response strategy at a high-level meeting chaired by Defence Minister Rajnath Singh in New Delhi, stressing the need for constant vigilance and calibrated action to safeguard national interests. The meeting, the second of the Informal Group of Ministers (IGoM) set up to monitor the evolving situation in the region, brought together key members of the union Cabinet to ass ...Read More >
New Delhi, Apr 2 : Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) to review the evolving situation in West Asia, stressing the need for round-the-clock monitoring and a calibrated response to minimise its impact on India. The meeting, held at Kartavya Bhawan in the national capital, was attended by key ministers including Nirmala Sitharaman, S Jaishankar, Hardeep Singh Puri, Jagat Prakash Nadda, Manohar Lal Khattar, Prahlad Joshi, ...Read More >
New Delhi [India], April 2 (ANI): India and Russia discussed strengthening ties across areas such as trade, energy and industrial cooperation during the meeting between PM Modi and Russia's Deputy PM Denis Manturov on Thursday, as per the Russian Embassy in India. Sharing the details of the meeting in a post on X, the Russian Embassy said that the leaders also discussed steps to implement agreements reached during the 23rd bilateral summit, which took place in New Delhi last year between PM Mod ...Read More >
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