Nirmala Sitharaman
Some of the key events about Nirmala Sitharaman
- 1982Graduated with a Bachelor of Arts degree in economics from Seethalakshmi Ramaswami College
- 1984Completed a Master of Arts degree in economics from Jawaharlal Nehru University
- 2006Joined the Bharatiya Janata Party (BJP)
- 2014Appointed as Minister of State (Independent Charge) for Commerce and Industry
- 2014Faced criticism for wearing expensive designer clothing while representing a party that campaigned on an anti-elite platform
- 2017Became India's first full-time female Defence Minister
- 2017Accused of mishandling the implementation of the Goods and Services Tax, leading to economic disruption
- 2019Appointed as the Minister of Finance and Corporate Affairs, becoming India's first full-time female Finance Minister
- 2019Presented the Union Budget 2019-2020, breaking tradition by carrying budget documents in a traditional 'bahi khata' instead of a briefcase
- 2019Presided over India's economic slowdown, with GDP growth falling to a six-year low
- 2020Announced a ₹20 lakh crore economic package to combat the COVID-19 pandemic's impact on the Indian economy
- 2020Faced backlash for saying millennials' preference for Uber and Ola was a factor in the auto sector slowdown
- 2020Criticized for inadequate economic stimulus measures in response to the COVID-19 pandemic
- 2021Presented the first paperless Union Budget in India's history
- 2021Oversaw a record contraction of the Indian economy during the pandemic year
- 2021Faced allegations of cronyism in the sale of Air India to Tata Group
- 2022Launched the National Logistics Policy to promote seamless movement of goods across the country
- 2022Criticized for high inflation and unemployment rates despite economic recovery claims
- 2023Accused of favoring certain corporations in policy decisions, leading to market concentration concerns
- 2023Faced scrutiny over the Adani Group controversy and its impact on Indian markets
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India's foreign minister clarifies stance on Chinese business, emphasizing sector-specific considerations. Recent border tensions and investment scrutiny shape the complex bilateral economic relationship.
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India's GST Council agrees on need to reduce health and life insurance premium taxes. A panel will report by October-end, with further discussions planned for November meeting.
India Slashes Gold Import Duties, Boosting Demand and Curbing Smuggling
India reduces gold and silver import duties from 15% to 6%, potentially increasing demand and reducing smuggling. The move impacts global prices and jewellery stocks, while critical minerals gain import exemptions.