#Finance Minister Nirmala Sitharaman LIVE

[jrakesh]

On which date budget is declared?

India. The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the very first day of February by the Finance Minister of India in Parliament

Union Budget 2023: Where and when to watch FM Nirmala Sitharaman's speech LIVE. Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on 1 February ( Wednesday) at 11 am. This will be Sitharaman's fifth straight budget for the fiscal year beginning April 1.01-Feb-2023

[newsxbyte]

‘Which planet she is living in’: Priyanka Gandhi’s barb at Nirmala Sitharaman over reply in Lok Sabha

Congress leader Priyanka Gandhi took a dig at Finance Minister Nirmala Sitharaman for saying that “there is no inflation, there is no rise in unemployment” during her speech in the Lok Sabha on Tuesday, February 9. “I don’t know which planet she is living in. She is saying there is no inflation, there is no rise in unemployment, there is no rise in prices…,” Congress MP Priyanka Gandhi Vadra…

[desun-academy]

Nirmala Sitharaman’s New Budget to Accelerate Desun Academy’s Mission for Educational Reform by FY 2030–31

Education in India is at a critical juncture, with commercialization overshadowing its true essence. Desun Academy was founded to challenge this trend, aiming to bring about a transformative change in the sector. Our mission is to eliminate at least 85% of the business-driven mentality from education and restore its core purpose — empowering individuals with knowledge and skills.

Desun Academy: Redefining Education

The current academic landscape prioritizes profit over genuine learning, especially in the IT and engineering sectors, where institutions often mislead students with false promises. Desun Academy stands apart with a clear principle — “Get Placed by Skills.”

We do not guarantee placements but equip students with the competencies required to succeed. With a decade of entrepreneurial experience leading Desun Technology, we firmly believe that skills and attitude outweigh mere references in today’s job market.

Empowering Society: Our Broader Mission

Beyond education, we are committed to social impact. Many senior citizens today are deprived of family care and warmth. Our vision includes establishing a dedicated living space for them, integrated with a family-friendly resort. This initiative will foster intergenerational bonding and create a balanced support system for the elderly.

How the New Budget Reduces Our Timeline by 3 Years

The recent budget announcement by Finance Minister Nirmala Sitharaman has significantly accelerated our mission. The increased allocation towards education, skill development, and social infrastructure offers financial incentives, tax benefits, and funding opportunities that directly align with our objectives.

1. Enhanced Skill Development Grants — The budget introduces expanded grants for skill-based programs, allowing us to scale our training initiatives more rapidly. 2. Tax Incentives for Educational Startups — With reduced financial burdens, we can reinvest more efficiently into infrastructure and faculty development. 3. Subsidized Loans for Infrastructure Expansion — This helps fast-track the establishment of our senior citizen care ecosystem alongside our academic facilities. 4. Public-Private Partnerships (PPP) for EdTech and Training — Access to government-backed partnerships will accelerate industry collaborations, providing students with more real-world exposure.

Originally, our roadmap aimed for an 8-year completion. With these policy advantages, we are now confident in achieving our objectives within 5 years — saving 3 years in execution time.

Looking Ahead

With strategic government support, Desun Academy is set to revolutionize education by making skill-based learning the priority. We envision a future where placements are based on merit, and elder care is seamlessly integrated into a nurturing community.

Education must shift from profit-driven motives to meaningful impact, and with these new policies, we are ready to make this vision a reality.

[news365timesindia]

[ad_1] GG News Bureau New Delhi, 3rd Feb. The Parliament’s Budget session resumed on Monday with heightened tensions as opposition Lok Sabha MPs staged vociferous protests over the stampede tragedy at the Maha Kumbh in Prayagraj, where 30 lives were lost last week. MPs shouted slogans, demanding accountability from the Uttar Pradesh government and a detailed list of the deceased. “Kumbh pe jawab do” (Answer on Kumbh) echoed in the chambers as opposition members rushed to the Well of the House. The opposition, including Congress, has called for the resignation of Uttar Pradesh Chief Minister Yogi Adityanath, accusing the state government of concealing the actual death toll. The Lok Sabha Speaker, Om Birla, urged for order and reprimanded the opposition, alleging they were hindering the functioning of the House. Meanwhile, Parliamentary Affairs Minister Kiren Rijiju appealed for decorum, but the protests continued unabated. In a heated exchange, Speaker Birla addressed Congress MP Pradyut Bordoloi, telling him that MPs were elected to ask questions, not disrupt proceedings. This came after the chaos escalated further when Birla, visibly disgruntled, removed his headset, and BJP MP Alok Sharma proceeded with his question. The uproar was not limited to the Lok Sabha. In the Rajya Sabha, Congress leader Pramod Tiwari led a walkout, expressing frustration over the lack of transparency surrounding the fatalities. “We want to know why the list of 30 dead has not been released,” Tiwari said, as party MPs remained adamant in their demand for answers. The previous Saturday had seen similar disruptions when Finance Minister Nirmala Sitharaman presented the Union Budget 2025. Samajwadi Party leader Akhilesh Yadav had led protests, criticizing the government’s handling of the stampede. He lamented that many families were still unable to locate their missing loved ones and demanded government action, particularly focusing on the lives lost during the religious gathering. Meanwhile, the final “holy dip” or “amrit snan” took place this morning, with thousands of devotees flocking to the riverbanks. Security arrangements were tight, with additional forces deployed at critical points. Vaibhav Krishna, the Deputy Inspector General overseeing security, confirmed that the situation was under control, despite the ongoing chaos surrounding the tragedy. The post Chaos in Parliament Over Maha Kumbh Stampede Tragedy appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau New Delhi, 3rd Feb. The Parliament’s Budget session resumed on Monday with heightened tensions as opposition Lok Sabha MPs staged vociferous protests over the stampede tragedy at the Maha Kumbh in Prayagraj, where 30 lives were lost last week. MPs shouted slogans, demanding accountability from the Uttar Pradesh government and a detailed list of the deceased. “Kumbh pe jawab do” (Answer on Kumbh) echoed in the chambers as opposition members rushed to the Well of the House. The opposition, including Congress, has called for the resignation of Uttar Pradesh Chief Minister Yogi Adityanath, accusing the state government of concealing the actual death toll. The Lok Sabha Speaker, Om Birla, urged for order and reprimanded the opposition, alleging they were hindering the functioning of the House. Meanwhile, Parliamentary Affairs Minister Kiren Rijiju appealed for decorum, but the protests continued unabated. In a heated exchange, Speaker Birla addressed Congress MP Pradyut Bordoloi, telling him that MPs were elected to ask questions, not disrupt proceedings. This came after the chaos escalated further when Birla, visibly disgruntled, removed his headset, and BJP MP Alok Sharma proceeded with his question. The uproar was not limited to the Lok Sabha. In the Rajya Sabha, Congress leader Pramod Tiwari led a walkout, expressing frustration over the lack of transparency surrounding the fatalities. “We want to know why the list of 30 dead has not been released,” Tiwari said, as party MPs remained adamant in their demand for answers. The previous Saturday had seen similar disruptions when Finance Minister Nirmala Sitharaman presented the Union Budget 2025. Samajwadi Party leader Akhilesh Yadav had led protests, criticizing the government’s handling of the stampede. He lamented that many families were still unable to locate their missing loved ones and demanded government action, particularly focusing on the lives lost during the religious gathering. Meanwhile, the final “holy dip” or “amrit snan” took place this morning, with thousands of devotees flocking to the riverbanks. Security arrangements were tight, with additional forces deployed at critical points. Vaibhav Krishna, the Deputy Inspector General overseeing security, confirmed that the situation was under control, despite the ongoing chaos surrounding the tragedy. The post Chaos in Parliament Over Maha Kumbh Stampede Tragedy appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[odnewsin]

Watch live: Finance Minister Nirmala Sitharaman presents Budget 2025-26

New Delhi: Finance Minister Nirmala Sitharaman Saturday began the presentation of record 8th Union Budget 2025-26 in Lok Sabha. Watch the live stream of Finance Minister Nirmala Sitharaman’s Budget 2025 speech by clicking here. This Budget continues efforts to accelerate growth and provide inclusive development, said Sitharaman. Presenting the 14th consecutive Budget under the Narendra Modi…

[nayakb]

budget live: Updates 8th straight budget 2025

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 today at 11:00 AM IST, marking her eighth consecutive budget presentation—a record in Indian political history. This budget holds significant importance as it is the first full budget of the Modi government’s third term and comes amid heightened expectations for economic revival and relief measures for the middle…

[knowledgeworld123]

Union Budget 2025: Key Details and Expectations

Union Budget 2025, much-awaited by all, is to be presented by Finance Minister Nirmala Sitharaman on Saturday, February 1, 2025. It would be her eighth successive budget and the second full financial budget under the National Democratic Alliance (NDA) government of Prime Minister Narendra Modi in its third term. The budget is to be paperless as this is the continuation of the digital-first approach since 2021.

What is Union Budget?

The Union Budget is the yearly statement of finances of the government where proposed expenditure and revenues of the next financial year, as arranged from April 1 to March 31 are presented. Starting from 2019, all the important policies on the country's economy, fiscal, and spending have all been brought into one single paper, called "bahi-khata."

When and Where to Watch Union Budget 2025

The budget presentation begins at 11 a.m. in Lok Sabha. People can catch the live telecast through official channels of Parliament, Doordarshan, and Sansad TV. Apart from that, government YouTube channels and news sites such as Livemint.com are offering full coverage of the speech through live updates and comprehensive analysis.

The budget documents will be available in digital form on the official portal of the Union government, www.indiabudget.gov.in, and also through the Union Budget Mobile App. Both Hindi and English will be used for broader accessibility.

The Tradition of the Halwa Ceremony

Another notable tradition in the run-up to the budget presentation is the Halwa Ceremony, which dates back to the 1980s. This tradition primarily symbolizes that the budget documents have been finalized and that the Finance Minister and other officials have participated in the preparation process.

Market and Economic Context

It offers a budget at a time when the outlook for Indian stock markets is cautiously optimistic. A research agency, Emkay Global, predicts a long-term upside of 8% in Nifty's index even as short-term vulnerabilities of FPI selling and weak earning support persist. The Nifty 50 had one more day of losses on January 27, 2025, with the index losing 0.49 per cent and the BSE Sensex shedding 0.43 per cent. Other major midcap and small-cap indices also saw big losses, indicating a general pressure from the markets. Emkay Global feels the government would look for fiscal consolidation by balancing the growth trade-offs. There may also be an agenda that includes agriculture as it is seen to witness investment in high-yielding and climate-resilient seeds. Changes and Innovations in the Budget Process

The budgetary process for Modi has been experiencing reforms over the years. The recent major changes are as follows:

Rail Budget merged with the General Budget in 2017.

Increase date for Budget Presentation to Feb 1st.

Implement budget presentation on a paperless form from 2021 onwards.

Union Budget 2025: Here is what Expectations Are.

Feb 1 shall throw open some important announcements. In general terms, it should come through with these schemes in expectation such as:, Reforms at income tax level as well on GST tax slabs. Welfare programs based upon Healthcare, educational sector and villages developmental. Increased Infrastructure, agricultural setup, and Climate-resistant planning.   Digital Accessibility: Continuation of efforts to improve access to government services through technology.   Conclusion

The Union Budget 2025 is expected to be an important financial road map for India's future, focusing on both economic challenges and opportunities. The focus on fiscal consolidation, innovation, and growth would be the basis of the announcements on February 1, providing key insights into the government's priorities for the next fiscal year. www.knowledgeworld.com and other platforms will be providing live updates and detailed analyses on the implications of the budget for various sectors and stakeholders.

[womeninspiringnetwork1]

Need to Know About Inspiring Women in India

India has a rich history of strong, intelligent, and pioneering women who have made immense contributions to society. As we celebrate women around the world on International Women’s Day, let’s take a look at some inspiring women in India across different fields.

The Fearless Politicians

Politics in India has long been a male-dominated space. However, these women proved everyone wrong by not only entering politics but also excelling at it with their fierce yet compassionate leadership styles. 

Sushma Swaraj: As India’s External Affairs Minister from 2014 to 2019, Sushma Swaraj dedicated herself to helping Indians abroad in distress. She was also the youngest cabinet minister at age 25.

Nirmala Sitharaman: She made history in 2019 by becoming India's first full-time female Finance Minister, responsible for the country's economic growth. 

The Ground-breaking Business Women

These innovative women in Business not only found business success but their ventures also drive social change.

Kiran Mazumdar-Shaw: She pioneered India's biotechnology industry by founding Biocon in 1978. Today Biocon is worth billions, making Shaw one of India's richest self-made women.

Anita Dongre: Starting out by selling dresses out of a Mumbai boutique, Dongre now presides over a fashion empire valued at over $100 million. Her sustainable fashion brand "AND" promotes local craft and empowers female artisans in rural areas. She sets an example for empowering women through fashion.

The Inspiring Sport Stars  

These athletic women put India on the global map with their record-shattering achievements in sports and by this they are Inspiring women in India to grow in every field.

P V Sindhu: As the first-ever Indian badminton player to become a World Champion, the Olympic silver medalist is an icon for aspiring female players across the country.

Mithali Raj: As captain of the Indian women’s national cricket team since 2005, she is widely regarded as one of the greatest batters ever. She also brought home India's first-ever silver medal in women's cricket at the Commonwealth Games in 2018.

Empowering Women from All Walks  

Beyond politicians, CEOs, and athletes, thousands of ordinary Indian women display inspiring courage and compassion daily, uplifting their communities.

Laxmi Agarwal: An acid attack survivor at age 15, Laxmi turned a horrific experience into an opportunity to help other victims of such attacks. She went on to become an activist and TV host, using her platform to campaign for regulation of acid sales. 

Arunima Sinha: Despite losing her leg at age 24 when a train robbed her of her dreams to be a national volleyball player, she bounced back. In 2013 she became the first female amputee to reach Mount Everest.

The Arts & Media Mavens

Indian women have made great strides in arts, media, and entertainment while shattering stereotypes. 

Priyanka Chopra Jonas: This former Miss World became a leading Bollywood star before making waves in Hollywood. Named one of Time's most influential people, Chopra Jonas uses her celebrity power to highlight social issues like the education of girls.

Smashing STEM Stereotypes

We can't talk about inspiring women in India without mentioning those excelling in science, tech, engineering, and math—fields where women are still underrepresented.

Kalpana Chawla: She etched her name in history books as the first Indian woman to travel to space aboard the Columbia space shuttle in 1997. Her tragic death years later only strengthened her legacy as an inspiration for women in STEM.

Anandibai Gopal Joshi: More than a century ago when few women pursued medicine, Joshi became one of India’s first female doctors after graduating in 1886. She paved the way for women in healthcare.

Drivers of Social Progress

Some incredible women have dedicated their lives to uplift oppressed communities through social reform.

Savitribai Phule: A radical 19th-century activist, she revolutionized girls’ education by opening one of India’s first schools to educate female students in Pune in 1848.

Ela Bhatt: Founder of the Self Employed Women’s Association (SEWA), Bhatt has helped mobilize millions of poor, self-employed women workers since 1972 to gain labor rights and socio-economic independence.

Achievers across Industries

Indra Nooyi: Her business prowess was legendary in her role as CEO of PepsiCo from 2006-2018 - one of the few female heads of global corporations. Under her leadership, PepsiCo’s revenues grew exponentially as she steered the company towards healthier products. 

Arundhati Roy: This author and activist gained instant fame by winning the prestigious Man Booker Prize for her 1997 debut novel “The God of Small Things”. Outspoken on politics and social justice, her prolific writing highlights issues like environmental protection and India’s marginalized tribal communities.

Key Takeaway

From overcoming adversity to beating barriers in male spaces, achieving world-firsts for India, or driving social change—these are just some of the many inspiring women in India. Their stories reveal that courage, hope, and service to others can help women rise far above limitations imposed by gender or circumstance. 

[twnenglish]

Key Sustainability and Energy Initiatives in Budget 2024

As the urgency to address climate change continues to escalate globally, India’s Budget 2024 stands as a critical benchmark for the nation's commitment to sustainability and energy transformation.

With a series of groundbreaking initiatives, the interim budget reflects a strategic approach to not only mitigate the impact of climate change but also accelerate the shift towards a sustainable energy future. Given the recent spate of climate-related disasters, this budget is particularly timely and significant.

Presented by Finance Minister Nirmala Sitharaman, the interim budget for 2024 has introduced a suite of ambitious measures designed to address various facets of India's energy and environmental challenges.

From a transformative rooftop solar initiative to substantial investments in electric vehicle infrastructure and cutting-edge green technologies, the budget outlines a comprehensive strategy for fostering a greener economy.

Among the standout measures are the plans for expansive rooftop solarisation, enhancements to the electric vehicle ecosystem, and the pioneering offshore wind energy projects.

Furthermore, the budget has provided a substantial boost to the National Green Hydrogen Mission and introduced innovative coal gasification and liquefaction projects. Equally noteworthy is the support for bioenergy and biomass aggregation, which seeks to turn agricultural waste into valuable resources.

This blog explores these key initiatives in detail, highlighting their anticipated impacts and the potential they hold for shaping India’s energy landscape and environmental future. As India charts its path towards net-zero carbon emissions by 2070, the budget’s provisions represent crucial steps in this transformative journey.

Top Sustainability and Energy Measures from Budget 2024

Rooftop Solarisation: Revolutionizing Energy Access and Savings

One of the most talked-about initiatives in India's Budget 2024 is the ambitious rooftop solar programme, designed to provide free electricity up to 300 units per month to one crore households. This initiative is not only poised to significantly reduce energy bills, especially benefiting middle- and lower-income households, but it also opens up new avenues for economic and environmental benefits.

Economic Impact and Savings

For many Indian households, energy costs represent a substantial portion of their monthly expenses. By offering up to 300 units of free electricity, the government aims to alleviate this financial burden, making a significant difference in the lives of millions. The program is expected to lead to considerable savings on electricity bills, thereby increasing disposable income for affected families. Additionally, households that install rooftop solar panels will have the opportunity to generate surplus energy. This surplus can be sold back to the grid, providing an additional source of income and further enhancing the economic advantages of solar adoption.

Read More

[newsxbyte]

New Income Tax Bill may be tabled by FM Sitharaman in Parliament today - Top points taxpayers should know

The Union Cabinet approved the New Income Tax Bill on Friday. New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman may table the New Income Tax Bill in the Parliament on Tuesday. The intention to introduce the New Income Tax Bill was first announced by FM Sitharaman in her Union Budget 2025 speech.The Union Cabinet approved the New Income Tax Bill on Friday. It will replace the existing…

[twominuts2]

Parliament Budget session LIVE updates: Contentious session expected as INDIA bloc MPs intend to demonstrate against the 'biased' Union Budget

Parliament had a tumultuous start on Wednesday as Opposition MPs staged a protest against the Budget. Members of the INDIA bloc claim that the Budget is unfair to States not governed by the BJP.

Union Finance Minister Nirmala Sitharaman on July 23 announced a series of initiatives aimed at addressing the challenges faced by unemployed youth, small businesses, and the middle class, while also seeking to bolster the ruling NDA coalition’s relationships by supporting various investment projects in Bihar and Andhra Pradesh. This Budget marks Ms. Sitharaman’s seventh consecutive Budget and the first by the BJP-led NDA government since its re-election in June.

Budget Highlights here

The BJP’s allies praised the Budget, but the Opposition was not happy, calling it an exercise in political jugglery to appease the Janata Dal (United) and Telugu Desam Party, the BJP’s two key allies, while doing little to address issues such as high rate of unemployment and inflation. 

[news365timesindia]

[ad_1] By Anjali Sharma WASHINGTON – India Union Minister Sitharaman on Thursday said that no country, whether the US which is far away or China which is very close cannot ignore India. Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India’s economy. She was participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organized by the Centre for Global Development on the sidelines of the World Bank and International Annual Meetings 2024 in Washington, D.C., said that India has always backed multilateral institutions and did not at any time seek to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions are coming out of them. On how nations like India and other big emerging markets step up and play a role that helps to take ownership of that process and drive the reform forward, Union Minister Sitharaman said, “Yes, absolutely possible. And on this, I just want to again start from where a thought of my Prime Minister came in and this is well thought through. He once said India’s priority is not to impose its dominance. In the sense we have the biggest democracy, we have in the world and the largest population but to enhance its influence. Now why do we want to have our influence enhanced? It’s only because of the fact that today one in every six people in the world is an Indian and you just cannot ignore our economy and how it is growing, that’s the second.” “And third, the skilled manpower which today is in India and also everywhere else running large corporations which are for running institutions which are in large countries, developed countries. But yet that particular point that Larry mentioned, that in today’s world, the course which developed countries took, starting from producing textiles, cycles, bicycles and something else, and reaching development, is no longer available. It is going to be something else,” she added. She stressed that no country can ignore India, the Union Finance Minister said, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology and that is where when you look at Indians everywhere you are saying that they are the ones before sitting and readily said yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China which is very close to us, cannot ignore us.” She expressed India’s support for multilateral institutions, Ms. Sitharaman said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism of which you want us to speak about India has always stood in favour of multilateral institutions. We didn’t want any time undermining of any multilateral institution. But progressively we see the hope and the expectations which are pinned on multilateral institutions are fissured away because we think no solutions are coming out of them.” “So again, Larry said, these institutions now are not offering an alternative pathway. That is where one of my points is, the core competencies of these institutions, in that they look at so many different economies, look at the dynamism with which some economies are growing and some which are getting stunted, the information base that they have, they should be the first ones to share the information and they should be the first ones to also suggest without imposing,” she added. Emeritus President and Charles W Eliot University Professor, Harvard University, Lawrence H Summers, Spain’s Minister of

Economy, Trade and Business Carlos Cuerpo and Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania A. Al Mashat tool part in the discussion. Sitharaman stressed that multilateral institutions should strengthen themselves for the global good. Union Minister said that shaping the future is an ambitious goal and called for the involvement of Bretton Woods institutions in it. She said “In one of my earlier conversations with Larry, he voiced the concern, saying how would institutions like IMF and the World Bank go about telling an economy to a country that your economy is in a wretched position, you can’t do anything about it. They can’t, they cannot and they need not.” “But yet, they can, with a wealth of information and experience and the manpower, the kind of human resources they have, share in time information with countries and also lead to building the strength of institutions, not tear down institutions, but strengthen up institutions for the global good, which I would think is very necessary to strengthen multilateralism. We are in favour of multilateralism. We of course spoke about a lot of things about LiFE, which is a mission in India, LiFE being the lifestyle for the environment, adapt to certain kinds of living and so on,” she added. She stressed the Bretton Woods institutions’ role in shaping the future. “Shaping the future is one very ambitious nice goal and we need to follow that and we need to have Bretton Woods institutions work on that rather than reacting to future developments. Unfortunately, in the last few decades, we see them reacting to future developments with the strength that they have. And I think, therefore, information sharing is one thing,” she said The Bretton Woods Institutions are the World Bank and the International Monetary Fund. They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire in the US in July 1944. Their aims were to help rebuild the shattered postwar economy and promote international economic cooperation. Sitharaman said, “India, of course, has International Solar Alliance, Biofuel Alliance, and we’re talking about disaster-resilient infrastructure and all these need money. All these need help for countries which are in smaller economies, island economies, which need them. So, through the digital public infrastructure that we have publicly funded and taken it up to different countries, we are spreading that attention and I think these are areas in which India will contribute.” The Ministry of Finance in a post on X, said, “Union Minister of Finance and Corporate Affairs @nsitharaman is welcomed at Washington DC by India’s Ambassador to USA, @AmbVMKwatra after her arrival from New York, today evening.” The post Finance Minister says “No country, whether US or China can ignore India appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] By Anjali Sharma WASHINGTON – India Union Minister Sitharaman on Thursday said that no country, whether the US which is far away or China which is very close cannot ignore India. Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India’s economy. She was participating in a panel discussion on the ‘Bretton Woods Institutions at 80: Priorities for the Next Decade’, organized by the Centre for Global Development on the sidelines of the World Bank and International Annual Meetings 2024 in Washington, D.C., said that India has always backed multilateral institutions and did not at any time seek to undermine any multilateral institution. She said that expectations pinned on multilateral institutions are fissured away as no solutions are coming out of them. On how nations like India and other big emerging markets step up and play a role that helps to take ownership of that process and drive the reform forward, Union Minister Sitharaman said, “Yes, absolutely possible. And on this, I just want to again start from where a thought of my Prime Minister came in and this is well thought through. He once said India’s priority is not to impose its dominance. In the sense we have the biggest democracy, we have in the world and the largest population but to enhance its influence. Now why do we want to have our influence enhanced? It’s only because of the fact that today one in every six people in the world is an Indian and you just cannot ignore our economy and how it is growing, that’s the second.” ��And third, the skilled manpower which today is in India and also everywhere else running large corporations which are for running institutions which are in large countries, developed countries. But yet that particular point that Larry mentioned, that in today’s world, the course which developed countries took, starting from producing textiles, cycles, bicycles and something else, and reaching development, is no longer available. It is going to be something else,” she added. She stressed that no country can ignore India, the Union Finance Minister said, “Are we in a position to define that path? In that, one flag post which I want to draw your attention to about India and its role is leading on technology, servicing through technology, leveraging technology and that is where when you look at Indians everywhere you are saying that they are the ones before sitting and readily said yes we will give you the systems which can run complex corporate whether it is a refining system, oil refining system, whether it is multilateral banking system or anything else. So, you really can’t ignore and also the geopolitical neighbourhood in which we live. No country, the US which is very far away from us or China which is very close to us, cannot ignore us.” She expressed India’s support for multilateral institutions, Ms. Sitharaman said, “I think we have followed policies of strategic and peaceful multilateralism. The multilateralism of which you want us to speak about India has always stood in favour of multilateral institutions. We didn’t want any time undermining of any multilateral institution. But progressively we see the hope and the expectations which are pinned on multilateral institutions are fissured away because we think no solutions are coming out of them.” “So again, Larry said, these institutions now are not offering an alternative pathway. That is where one of my points is, the core competencies of these institutions, in that they look at so many different economies, look at the dynamism with which some economies are growing and some which are getting stunted, the information base that they have, they should be the first ones to share the information and they should be the first ones to also suggest without imposing,” she added. Emeritus President and Charles W Eliot University Professor, Harvard University, Lawrence H Summers, Spain’s Minister of

Economy, Trade and Business Carlos Cuerpo and Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania A. Al Mashat tool part in the discussion. Sitharaman stressed that multilateral institutions should strengthen themselves for the global good. Union Minister said that shaping the future is an ambitious goal and called for the involvement of Bretton Woods institutions in it. She said “In one of my earlier conversations with Larry, he voiced the concern, saying how would institutions like IMF and the World Bank go about telling an economy to a country that your economy is in a wretched position, you can’t do anything about it. They can’t, they cannot and they need not.” “But yet, they can, with a wealth of information and experience and the manpower, the kind of human resources they have, share in time information with countries and also lead to building the strength of institutions, not tear down institutions, but strengthen up institutions for the global good, which I would think is very necessary to strengthen multilateralism. We are in favour of multilateralism. We of course spoke about a lot of things about LiFE, which is a mission in India, LiFE being the lifestyle for the environment, adapt to certain kinds of living and so on,” she added. She stressed the Bretton Woods institutions’ role in shaping the future. “Shaping the future is one very ambitious nice goal and we need to follow that and we need to have Bretton Woods institutions work on that rather than reacting to future developments. Unfortunately, in the last few decades, we see them reacting to future developments with the strength that they have. And I think, therefore, information sharing is one thing,” she said The Bretton Woods Institutions are the World Bank and the International Monetary Fund. They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire in the US in July 1944. Their aims were to help rebuild the shattered postwar economy and promote international economic cooperation. Sitharaman said, “India, of course, has International Solar Alliance, Biofuel Alliance, and we’re talking about disaster-resilient infrastructure and all these need money. All these need help for countries which are in smaller economies, island economies, which need them. So, through the digital public infrastructure that we have publicly funded and taken it up to different countries, we are spreading that attention and I think these are areas in which India will contribute.” The Ministry of Finance in a post on X, said, “Union Minister of Finance and Corporate Affairs @nsitharaman is welcomed at Washington DC by India’s Ambassador to USA, @AmbVMKwatra after her arrival from New York, today evening.” The post Finance Minister says “No country, whether US or China can ignore India appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[trendingallworldnews]

Budget 2024: Date, Time, and How to Watch Live

photo the economic times

The budget session for FY2024-25 began today, July 22, 2024, in the Parliament. This session marks the first full Budget following the re-election of the Modi government for a third term. Taxpayers are eagerly anticipating significant tax reliefs from this initial Budget of the Modi 3.0 government. Here are the details on when the Budget will be presented and how you can watch it live.

Budget 2024 Presentation

Date and Time

Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in the Parliament on July 23, 2024. This will be her seventh consecutive Budget. The Budget 2024 speech is expected to commence at 11 am on Tuesday.

What to Expect from Budget 2024

Budget 2024 is anticipated to outline the roadmap for 'Vikshit Bharat' by 2047. According to a report titled 'Union Budget 2024-25: A Bundle of Expectations!' by Mehta Equities, expectations are high. Investors are optimistic about the continuation of economic reforms under the Narendra Modi 3.0 government, which have positioned India as the world’s fastest-growing major economy.

Key Expectations

Punit Shah, Partner at Dhruva Advisors, recommends that the government introduces amendments aimed at stimulating consumer spending. Key expectations include:

Raising the tax-free income threshold

Reducing tax rates for middle-income earners

Increasing standard deductions for salaried employees

How to Watch the Budget Speech Live

You can watch Finance Minister Nirmala Sitharaman's Budget 2024 speech live on the following platforms:

The Economic Times website

Indian government’s official site for Union Budget:

Sansad TV

Additionally, follow the live blog on The Economic Times for real-time updates, news, reactions, and analysis of Budget 2024.