Nirmala Sitharaman

Stay informed about the latest developments concerning Nirmala Sitharaman, India’s Finance Minister, by visiting the Financial Express dedicated section. This platform offers comprehensive coverage, including her recent statements, policy decisions, and interviews. Whether it’s updates on economic reforms, budget announcements, or international engagements, the Financial Express provides timely and reliable information to keep you updated on Nirmala Sitharaman’s activities and contributions.


Nirmala Sitharaman: Key Facts and Career Highlights



  • Full Name: Nirmala Sitharaman

  • Date of Birth: August 18, 1959

  • Birthplace: Madurai, Tamil Nadu, India

  • Education:

    • Bachelor’s in Economics from Seethalakshmi Ramaswamy College, Tiruchirappalli

    • Master’s in Economics and M.Phil. from Jawaharlal Nehru University, New Delhi



  • Career Before Politics:

    • Senior Manager at PricewaterhouseCoopers (PwC) in London

    • Member of the National Commission for Women (2003-2005)



  • Political Career:

    • Joined the Bharatiya Janata Party (BJP) in 2006

    • Appointed BJP’s National Spokesperson in 2010

    • Elected to the Rajya Sabha, representing Karnataka, in 2016



  • Ministerial Roles:

    • Minister of State for Commerce and Industry (2014-2017): Worked on trade policies and economic reforms to promote Indian exports.

    • Defence Minister of India (2017-2019): Became the second woman to hold this position after Indira Gandhi; focused on modernizing the armed forces and enhancing defense capabilities.

    • Finance Minister of India (2019-Present): First full-time female Finance Minister, responsible for managing India’s economy, implementing reforms, and overseeing budgets.



  • Notable Contributions:

    • Oversaw significant policy changes and initiatives in defense and finance sectors.

    • Introduced economic packages and reforms aimed at enhancing economic growth, transparency, and financial stability in India.

    • Played a key role in India’s response to economic challenges during the COVID-19 pandemic.



  • Recognition:

    • Ranked among the world’s most powerful women by Forbes (2019).



  • Personal Life:

    • Married to Dr. Parakala Prabhakar, a political economist and commentator

    • They have a daughter named Vangmayi



  • Reputation: Known for her articulate communication, leadership skills, and dedicated approach to governance, Nirmala Sitharaman is regarded as a significant figure in Indian politics, with a focus on economic development and fiscal discipline.


Since her entry into the Union Cabinet, Sitharaman has overseen major economic policies and initiatives aimed at boosting India’s growth, particularly focusing on reforms to increase transparency, improve fiscal management, and modernize India’s defense and financial sectors. Her leadership has been critical during challenging economic periods, including India’s response to the COVID-19 pandemic. In recognition of her influence, Forbes ranked her among the world’s most powerful women in 2019.


 


Latest News Nirmala sitharaman



  1. PSU Banks’ Net Profit: Public Sector Banks have reported a net profit of about Rs 68,500 crore during the first six months of the current fiscal year. Reference

  2. Threatening Email Incident: A threatening email mentioned Nirmala Sitharaman and RBI Governor Shaktikanta Das, warning of serial blasts targeting RBI, ICICI, and HDFC Bank in Mumbai. Reference

  3. Focus on Artificial Intelligence (AI): The central government is expected to make announcements favoring AI adoption in the upcoming budget. Reference

  4. GST Revenues and Tax Base: There is an emphasis on expanding the GST tax base and improving credit flows. Reference

  5. Public Procurement from MSMEs: CPSEs have made significant procurement from MSMEs, surpassing the mandated percentage. Reference

  6. Preparation for Interim Budget 2024: Sitharaman is preparing for the interim Budget 2024, considering the upcoming Lok Sabha elections. Reference

  7. GST Amendment Bill: A bill was introduced to raise the age limit of the president and members of the GST appellate tribunals. Reference

  8. Retail Inflation and Economic Stability: Sitharaman commented on the stability of retail inflation in India, attributing temporary increases to demand-supply mismatches. Reference

  9. Average Monthly GST Collection: The average monthly GST collection in the fiscal year 2022-23 has been reported to be over Rs 1.50 lakh crore. Reference


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