“Nirmala Sitharaman Exclusive Interview LIVE Updates: LIC, SBI exposure to group within permissible limits, says FM”

Nirmala Sitharaman Exclusive Interview LIVE Updates: On the Hindenburg effect the FM said both SBI and LIC have issued detailed statements. They, the FM added, have said they are sitting over profits for the exposure they have, which is well within limits from what I understand.

In general, the banking system has significantly improved health in terms of NPAs and recoveries, the FM added. FM said the Budget’s impact will retain bullishness in the markets.

• FEBRUARY 03, 2023 / 3:39 PM IST

  FM Sitharaman on startups:
  – Investors looking for better opportunities in startups.
  – Not scarcity but funds looking for better options among startups.
• FEBRUARY 03, 2023 / 03:29 PM IST

   

  Finance Minister Nirmala Sitharaman LIVE: 

  People who have bought house and sold houses, have made immense benefits but still attempt to get benefits from government: FM on Rs 10 cr capital gains cap on luxury home sales
• FEBRUARY 03, 2023 / 03:29 PM IST

   

  Nirmala Sitharaman LIVE: 

  I belong to the school of thought if taxpayers are left more money in hands because we collect tax he is the best judge where to put his money. He doesn’t need incentive to run his family, or protect ill health and save for future. Why do we want to underestimate citizens?
• FEBRUARY 03, 2023 / 03:27 PM IST

   

  Finance Minister Nirmala Sitharaman LIVE: 

  Indian tax system should be seen as not so harsh. Taking away 42.7 percent tax doesn’t look so good and that is why we reduced it: FM on reduced surcharge
• FEBRUARY 03, 2023 / 03:24 PM IST

   

  Finance Minister Nirmala Sitharaman LIVE:

  – Everyone should know what amount of they are paying and file the tax returns from their home.

  – I would prefer a completely acceptable and lower tax rate, there is no reason for someone to avoid paying tax.

  – You are the best judge to do what you want to do with your money.

• FEBRUARY 03, 2023 / 03:23 PM IST

  Finance Minister Nirmala Sitharaman LIVE:When will govt phase out Section 80C and 80D?

  I have not given a time frame to remove exemptions and deductions. Every indian citizen must make her or his own choice. The purpose of new tax regime is make it attractive for compliance and tax rates. Everyone should know what amount of taxes they are paying and file the tax returns from their home. At least 50 percent of the taxpayers can shift to the new income tax regime and benefit from reduced rates.

  Finance Minister Nirmala Sitharaman LIVE:

  – New Pension Scheme was not just NDA. UPA was actively involved in getting it forward.

  – Are we paying the current generation of pensioners by loading the future generations.

  – The entire introduction of the new pension scheme was under the UPA. Now, if without adequate looking into what it (returning to OPS) means, are we paying the current generation of pensioners by loading (the burden) of future generation of pensioners?

• FEBRUARY 03, 2023 / 03:17 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Today, the typical problem Indian exporters face is a lack of demand in those markets –  where they usually have demand – because of a recession there.

  – No country would want exports to languish and imports to balloon.
• FEBRUARY 03, 2023 / 03:16 PM IST

   

  Nirmala Sitharaman LIVE:

  – Today, the typical problem Indian exporters face is lack of demand in those markets –  where they usually have demand – because of a recession there.

  – Process of privatisation of PSU banks is on. The amendments will have to be made.
• FEBRUARY 03, 2023 / 03:12 PM IST

   

  Finance Minister Nirmala Sitharaman LIVE:

  – We have to see when’s the best time to monetise assets.

  – Asset monetisation is part of the document.

  – Disinvestment and asset monetisation is still a part of the budget. It may not be a part of my speech. We have to see when is the best time to monetise assets.
• FEBRUARY 03, 2023 / 03:09 PM IST

  FM Nirmala Sitharaman LIVE:

  – Indian banking sector is current at a comfortable level supported by decline in bad loan levels and recovery from unpaid accounts.

  – Having gone through the twin balance sheet problem. Indian banking sector is at a comfortable level with NPAs coming down to absolute low levels and recovery happening

  Nirmala Sitharaman LIVE:

  – If I comment on interest rates, it will look like I am guiding the RBI
• FEBRUARY 03, 2023 / 03:04 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Fall in inflation should sustain itself.

  – Therefore, there should not be that much pressure on the central bank to keep the pace of increasing the rates but MPC will take a call
• FEBRUARY 03, 2023 / 3:03 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Pent up demand can’t stretch beyond one season. The 2022 festival season was as per it’s normal course and there was no exaggeration in the markets.

  – So demand has reached a level where it will sustain itself.

• FEBRUARY 03, 2023 / 2:58 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – One instance is not going to be indicative of how well Indian financial markets are governed.

  – Our regulators have kept our markets in prim and proper condition.
• FEBRUARY 03, 2023 / 2:57 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  Both SBI and LIC have issued detailed statements (on Adani)…. They have said they are sitting over profits, for the exposure they have, which is well within limits from what I understand.
• FEBRUARY 03, 2023 / 2:57 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Budget’s impact will continue to hold the market high.

  – Indian banks NPAs are at low level, banks are comfortably raising money from markets.
• FEBRUARY 03, 2023 / 2:56 PM IST

  Finance Minister Nirmala Sitharaman on Adani issue:

  – SBI, LIC have very clearly said their exposure is well within permitted limits. With the valuation falling as well, they are sitting on profits.

  – SBI, LIC have issued detailed statements (on Adani issue).
• FEBRUARY 03, 2023 / 2:52 PM IST

  Finance Minister Nirmala Sitharaman LIVE: 

  – Going to shake up and give life to self-help groups in rural parts of the country.

  – In every sector, there are provisions in the budget for them to do the transition from depending on fossil fuel to renewable energy fuel.
• FEBRUARY 03, 2023 / 2:51 PM IST

  Finance Minister Nirmala Sitharaman LIVE: 

  – Budget also gives momentum to PM vikas scheme, says FM

  – Push on green is not going to be any less… it will touch every walk of life.
• FEBRUARY 03, 2023 / 2:49 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Tourism expected to see a sea change, it will be a good way to keeping the economy active: FM on reforms impact

  – We had to do homework for all the inputs that came and go through the depth of what it means. Only because we may choose one way or the other we should have the understanding to justify what we went for.
• FEBRUARY 03, 2023 / 2:47 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  – Did not want to let go of reforms despite all the global uncertainties.

  – Did not want to let go of reforms despite all the global uncertainties
• FEBRUARY 03, 2023 / 2:44 PM IST

  Finance Minister Nirmala Sitharaman LIVE:

  We were going by continous conversations with all kinds of stakeholders on pandemic and Ukraine war impact
• FEBRUARY 03, 2023 / 2:38 PM IST

  Finance Minister Nirmala Sitharaman’s exclusive interview with Network18 coming soon
• FEBRUARY 03, 2023 / 2:30 PM IST

  Finance Minister Nirmala Sitharaman LIVE

  – The government ensured that no one went hungry during the pandemic by providing free foodgrains to 80 crore poor people, Finance Minister Nirmala Sitharaman said on Wednesday.
• FEBRUARY 03, 2023 / 2:28 PM IST

  Finance Minister Nirmala Sitharaman LIVE

  The government made cash transfer of Rs 2.2 lakh crore under the PM-KISAN scheme, Finance Minister Nirmala Sitharaman said on Wednesday.
• FEBRUARY 03, 2023 / 2:01 PM IST

  Finance Minister Nirmala Sitharaman LIVE and EXCLUSIVE

  Network18 Editor-in-Chief Rahul Joshi Speaks to Finance Minister Nirmala Sitharaman in an exclusive Interview post Union Budget 2023 Announcements. Expect the FM to answer questions on asset monetisation, whether the old tax regime will be done away with, how the government will meet the fiscal deficit target and more
• FEBRUARY 03, 2023 / 2:00 PM IST

  Nirmala Sitharaman LIVE: Pharma industry applauds Budget 2023

  The pharmaceutical industry has applauded Finance Minister Nirmala Sitharaman’s budgetary proposal to support research and innovation in the sector, but is upset that APIs, a critical component of medicines, were not taken into consideration in the Budget 2023–24.

  Glenmark Pharmaceuticals chairman and managing director Glenn Saldanha said the plan to start a new programme for research and innovation through centres of excellence was a step in the right direction.
• FEBRUARY 03, 2023 / 1:53 PM IST

  Budget Highlights: Incentives for fisheries, marine products

  – Finance Minister Nirmala Sitharaman said a sub-scheme of the PM Matsya Sampada Yojana will be launched with a targeted investment of Rs 6,000 crore to further enable activities of fishermen, fish vendors, and micro and small enterprises, improve value-chain efficiencies, and expand the market.

  – She also announced duty reduction for the key inputs for shrimp feed.
• FEBRUARY 03, 2023 / 1:43 PM IST

  Nirmala Sitharaman LIVE: G-20 grouping is a unique opportunity

  – India’s ongoing presidency of the G-20 grouping is a unique opportunity to strengthen the country’s role in the world economic order when countries across the globe are facing various challenges, Finance Minister Nirmala Sitharaman said.

  – Presenting the Budget for the fiscal year 2023-24 in Lok Sabha, Sitharaman said India is steering an ambitious people-centric agenda to address global challenges and to facilitate sustainable economic development.
• FEBRUARY 03, 2023 / 1:26 PM IST

  FM Sitharaman’s Budget speech:

  India’s rising global profile is due to several accomplishments like unique World Class Digital Public Infrastructure namely, Aadhaar, Co-Win and UPI; COVID-19 vaccination drive in unparalleled scale and speed; proactive role in frontier areas such as achieving the climate related goals, mission LiFE, and National Hydrogen Mission.
• FEBRUARY 03, 2023 / 12:44 PM IST

  FM Sitharaman’s Budget 2023 announcement: Change in the highest tax rate

  The wealthy in India — people earning above Rs 5 crore a year — now pay 42.74 percent tax, which is among the highest in the world, according to the FM. The surcharge has been reduced to 25 percent from 37 percent to in the new tax regime That means the effective tax rate for this class has reduced to 39 percent – at par with those who earn over Rs 2 crore.