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FM Sitharaman invites global IT companies to explore opportunities in India
YourStory
·
3m ago
Medial
Finance Minister Nirmala Sitharaman met with IT industry leaders, inviting them to explore collaborations and investments in India, emphasizing the country's digital transformation and AI initiatives. She discussed opportunities with Google Cloud, Turing, and Data Robot CEOs and encouraged exploring local AI integration under the 'Make In India' initiative. Meetings with a16z and VMware leaders highlighted potential AI collaborations in various sectors. Sitharaman also discussed investment prospects with institutional investors, focusing on India's AI and digital infrastructure.
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Private capital crucial for sustainable development: FM Sitharaman
YourStory
·
1m ago
Medial
Finance Minister Nirmala Sitharaman emphasized the critical role of private capital in sustainable development during a summit in Spain. She highlighted the increasing importance of private investment amidst volatile FDI flows and global uncertainties. Sitharaman stressed the need for mobilizing private capital to drive inclusive economic growth and called for coordinated efforts to overcome investment barriers. She also advocated for reforms in sovereign credit rating methodologies to better reflect emerging market economies' strengths, aiming to unlock greater private investment volumes.
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FM urges fintechs to tackle digital arrests, deepfakes, and cyber fraud
YourStory
·
1m ago
Medial
Finance Minister Nirmala Sitharaman urged fintech startups to address digital arrests, deepfakes, and cyber fraud at the Digital Payments Awards 2025. She emphasized the sector's role in accelerating financial inclusion and urged fintechs to develop solutions for emerging challenges. Sitharaman highlighted India's fintech potential as global public goods and encouraged exporting successful models. She noted India's real-time digital transaction prominence and the significance of combining digital and physical customer service for trust-building.
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FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Economic Times
·
1y ago
Medial
Finance Minister Nirmala Sitharaman has called for monthly meetings between regulators and startups and fintech firms to address their concerns and ensure regulatory compliance. This comes in the wake of actions taken by the Reserve Bank of India against Paytm Payments Bank. The finance ministry outlined action points including simplifying KYC processes, addressing cybercrime concerns, and reviewing ownership changes in fintech companies. Sitharaman also reassured the industry that the government prioritizes the health of the startup and fintech ecosystem. Vijay Shekhar Sharma, chairman and board member of Paytm Payments Bank, resigned on the same day.
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Use UPI’s Digital Footprints To Expand Business Prospects: FM To Banks
Inc42
·
10m ago
Medial
Finance Minister Nirmala Sitharaman emphasized the significant role of the Unified Payments Interface (UPI) in India's banking sector. She urged banks to capitalize on the digital footprints established by UPI to expand their businesses. Sitharaman also highlighted that India accounts for 45% of all real-time payments globally, encouraging banks to seize this opportunity for growth.
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‘Don’t know where these numbers are from...’: FM Nirmala Sitharaman hits back at claims that Tamil Nadu gets little
Business Today
·
4m ago
Medial
Finance Minister Nirmala Sitharaman refuted claims that Tamil Nadu receives minimal support from the Centre, emphasizing its significant share of Production-Linked Incentives (PLI). She highlighted that about 25% of PLI beneficiaries and 46 out of 257 PLI auto component applicants are in Tamil Nadu. Additionally, electronic manufacturing companies in Tamil Nadu benefit from PLI funds, and clusters have been allocated ₹1,100 crore. Sitharaman underscored that Tamil Nadu contributes more to the Centre than it receives.
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Paytm CEO Vijay Shekhar Sharma meets FM Sitharaman
Inshorts
·
1y ago
Medial
Paytm CEO Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman on Tuesday, ANI reported quoting sources. They reportedly discussed the recent curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank. It was earlier reported that Sharma and other Paytm executives met the RBI officials on Monday and discussed a roadmap to address the regulatory concerns.
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Union Budget 2024: How Will FM Nirmala Sitharaman Revive India’s FDI Fortunes?
Inc42
·
1y ago
Medial
In 2023, India experienced a decrease of 43% in foreign direct investment (FDI) inflows. However, there is a growing emphasis on manufacturing and infrastructure development, which necessitates FDI-friendly initiatives. Experts propose a stronger focus on policies that align with global investment trends like "China+1," clean technology, green energy, and AI advancement. Additionally, Finance Minister Sitharaman might ease FDI regulations in sectors like defense and agriculture to attract more investments and stimulate job creation.
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Centre Committed towards small biz: FM Nirmala Sitharaman in Ladakh
Economic Times
·
1m ago
Medial
Finance Minister Nirmala Sitharaman emphasized the Indian government’s commitment to supporting small businesses during a visit to Ladakh. Speaking at a credit outreach program, she highlighted financial inclusion efforts and the integration of Ladakh’s cultural identity into development plans. Loans exceeding ₹5.13 crore were disbursed under schemes like MUDRA and Stand-Up India, benefiting micro-entrepreneurs. Sitharaman noted significant loan activity and the expansion of financial infrastructure in the region, underscoring the importance of financial growth and cultural heritage.
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Govt To Safeguard Retailers In Case Of Predatory Pricing: FM
Inc42
·
10m ago
Medial
Nirmala Sitharaman emphasizes the need to support small traders and retailers in the country. This statement follows recent criticism against e-commerce platforms for engaging in predatory pricing practices. The Competition Commission of India also recently discovered that Flipkart and Amazon India violated competition laws by favoring specific sellers and listings.
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FM Sitharaman cuts import duties to zero on EV battery parts
Inshorts
·
4m ago
Medial
Finance Minister Nirmala Sitharaman has waived off import duties on EV battery components, reducing them to zero. With these efforts, domestic manufacturing is poised to grow significantly. The announcement came on March 25, 2025, ahead of the Finance Bill 2025's passage in parliament, the move aims at fostering local production and increasing global competitiveness.
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