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Tech integration during Operation Sindoor a case study for world: Finance minister Nirmala Sitharaman
Economic Times
·
2m ago
Medial
Operation Sindoor, highlighted by Finance Minister Nirmala Sitharaman, showcases India's military integration of technology, making it a global case study. Conducted after a terror attack, it underscores significant indigenization of defense equipment, despite some imports like Rafale and S-400. The operation demonstrates India's strategic capabilities, integrating domestic and imported systems. Sitharaman praised India's mastery over technology integration, suggesting it revolutionizes 21st-century warfare. Additionally, she noted India's advancements in digital payments and capital expenditure impacts.
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Fintech firms enabling secure, inclusive financial services for merchants, MSMEs: FM
YourStory
·
2m ago
Medial
Finance Minister Nirmala Sitharaman praised fintech innovations for enhancing secure and inclusive financial services during her visit to Pine Labs. She highlighted their role in expanding India’s Digital Public Infrastructure, benefiting merchants and MSMEs. Sitharaman witnessed demonstrations of fintech solutions related to prepaid instruments and the Account Aggregator framework, emphasizing their transformative impact. A recent study showed 90% of MSMEs accept online payments, but only 18% utilize digital lending, indicating growth potential.
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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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FM announces ₹2-cr loan scheme for first-time women, SC & ST entrepreneurs
Inshorts
·
6m ago
Medial
Presenting Budget 2025-26, Finance Minister Nirmala Sitharaman said the government will launch a new scheme for five lakh women, SC & ST first-time entrepreneurs. Under the scheme, the government will provide term loans of up to ₹2 crore to them during the next five years. Sitharaman said the scheme would provide them with financial resources to pursue their business ideas.
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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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Interim Budget extends tax benefits for startups, sovereign wealth funds, GIFT IFSC units
Money Control
·
1y ago
Medial
Finance Minister Nirmala Sitharaman has announced an extension of tax benefits for startups, sovereign wealth funds, and businesses in the International Financial Services Centre in GIFT City until March 2025. Startups eligible for tax benefits will continue to receive a 100% tax rebate on profits for the first three years of operation, within a total period of ten years, as long as annual turnover does not exceed Rs 25 crore. Sitharaman also mentioned the establishment of a Rs 1 lakh crore corpus for low-interest loans to encourage research and innovation in sunrise sectors.
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Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh
Economic Times
·
1m ago
Medial
Finance Minister Nirmala Sitharaman inaugurated several development projects in Ladakh, emphasizing the Indian government's commitment to inclusive growth and infrastructure development in the Union Territory. During her visit, she interacted with local officials, addressed attendees at a Credit Outreach Programme, and oversaw loans worth Rs 5.13 crore distributed to beneficiaries under various schemes. Sitharaman also engaged with local artisans and entrepreneurs, acknowledging their role in preserving cultural heritage and boosting rural livelihoods.
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Make GST registration easier using technology, risk-based parameters: FM Sitharaman to CBIC
Economic Times
·
1m ago
Medial
Finance Minister Nirmala Sitharaman has directed the Central Board of Indirect Taxes and Customs (CBIC) to simplify GST registration using technology and risk-based parameters. During a conclave with senior CBIC officials, she emphasized improving GST registrations, processing refunds, and addressing grievances. Sitharaman highlighted the need for dedicated helpdesks and enhanced taxpayer trust through prompt grievance redressal. She also urged the expeditious processing of GST and Customs refunds and encouraged trade facilitation measures to improve administrative efficiency.
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GST Council Meeting On August 2 To Decide About Modalities To Impose 28% Tax On Online Gaming
OutlookIndia
·
2y ago
Medial
In its 50th meeting earlier this month, the Council headed by Finance Minister Nirmala Sitharaman decided to levy the maximum 28 per cent tax on the full face value of bets in online gaming, casinos and horse racing
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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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No friction between Centre-states on GST, federal structure should be respected: Nirmala Sitharaman
YourStory
·
11m ago
Medial
Union Finance Minister Nirmala Sitharaman addressed concerns about the relationship between the Centre and states over the Goods and Services Tax (GST). She denied any friction and emphasized the need to respect the federal structure of the economic reform. Sitharaman stated that simplification and compliance were given priority over revenue generation in budget discussions. She also highlighted the efforts made to establish a unified tax system and stressed the importance of avoiding evasion and ensuring compliance. The Finance Minister emphasized that all finance ministers aimed for good revenue generation and widening the tax base.
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