Nirmala Sitharaman

01 Aug

We are still fastest growing economy: Nirmala Sitharaman on price rise debate in Parliament

editorEconomy, IndiaNirmala Sitharaman

India’s economy is higher than most of the nations and it is one of the quickest developing economies, Finance Minister Nirmala Sitharaman stated in her address to Lok Sabha on Monday. The finance minister said, “There’s no question of India getting into recession or stagflation. Zero chances of recession in India as per Bloomberg survey,”. FM Sitharaman said, “It was clearly a dialogue on political subject matter instead than data-driven discussion. Around 30 MPs talked about price rise today. Most raised political angles as an alternative than data-driven concerns,”. After weeks of disruption in Parliament overcharge price rise issue, Union…

Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Nirmala Sitharaman

SuparnaEconomyNirmala Sitharaman

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman. In her address at a seminar during the ongoing spring meet of the International Monetary Fund, Sitharaman said: “I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror.” Regulation using technology will have to be so adept, that it has to be not behind the curve, but be sure that it is on the top…

Nirmala Sitharaman’s Sharp Rebuttal After Manmohan Singh Attacks PM Modi

editorIndiaNirmala Sitharaman

Hitting back at former Prime Minister Manmohan Singh for his criticism of the Modi government's handling of economy, Finance Minister Nirmala Sitharaman said he is more remembered for having brought India to "fragile five" and rampant inflation during his term. She also referred to recent revelations about former NSE chief Chitra Ramkrishna having taken guidance of a 'Himalayan Yogi' in running the country's biggest stock exchange and said Mr Singh was not even aware how the bourse was being run for so long when he was in power. She compared data on export, FDI and inflation during the Modi government…