New Delhi, April 24 (IANS) Finance Minister Nirmala Sitharaman on Friday said that Indian banks are adequately prepared to deal with emerging technology-related challenges, even as she raised fresh concerns over risks linked to a new artificial intelligence model developed by Anthropic.Speaking to reporters, FM Sitharaman noted that India is closely monitoring the potential threats posed by Anthropic’s Mythos AI model, which has drawn global attention for its advanced capabilities.The finance …
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Pune, April 24 (IANS) Finance Minister Nirmala Sitharaman on Friday confirmed that the government plans to continue with the disinvestment process of IDBI Bank.The comments dispelled the uncertainty hanging over the privatisation of IDBI Bank, as the offers received in the earlier bidding round were below the reserve price fixed by the government. Consequently, the proposed transaction had to be called off last month.Under the original plan, the government was to sell a 30.48 per cent stake in I…
New Delhi, April 17 (IANS) The government on Friday said it is inviting public comments by May 9 for reviewing the Companies (Incorporation) Rules, 2014 and for the rationalisation of the filing framework under the Companies Act, 2013.A draft notification titled the Companies (Incorporation) Amendment Rules, 2026, proposing amendments to the Companies (Incorporation) Rules, 2014, has been prepared vide a public notice dated April 8.“The notification is placed on the website www.mca.gov.in for …
New Delhi, April 16 (IANS) The government’s fact-checking arm PIB Fact Check on Thursday debunked a viral video that falsely shows Finance Minister Nirmala Sitharaman endorsing a high-return investment scheme, warning citizens against falling for such misinformation.In a post on social media platform X, PIB Fact Check said the video, which claims that an investment of Rs 22,000 could yield returns of Rs 5.5 lakh within a week, is fake and generated using artificial intelligence.“A viral vide…
Bengaluru, April 13 (IANS) Union Minister of State for Labour and Employment and Micro, Small and Medium Enterprises, Shobha Karandlaje, said that women’s reservation is a historic decision and that PM Modi has taken significant steps in this direction, increasing women’s responsibilities. She was speaking on Monday at a special event organised by Nari Shakti Forum at Puttanna Chetty Town Hall on the Nari Shakti Vandan Act – 2026 (which proposes 33 per cent reservation for women in Parliame…
New Delhi, April 13 (IANS) Finance Minister Nirmala Sitharaman on Monday criticised Tamil Nadu Chief Minister, MK Stalin, and accused him of creating a false narrative on the Centre’s advisory to states to encourage farmers to grow more pulses and oilseeds as these are in short supply in the country and huge amounts have to be imported to meet the domestic requirement.The Finance Minister pointed out that the communication to the States is an invitation to share the responsibility of national …
Chennai, April 13 (IANS) Tamil Nadu Chief Minister, M.K. Stalin, on Monday strongly countered Union Finance Minister Nirmala Sitharaman, asserting that his remarks on agricultural incentives were based entirely on the Centre’s official communication and did not go beyond what was stated in the letter.In a post on X, CM Stalin said Tamil Nadu’s incentive schemes for paddy cultivation have contributed significantly to increased production in the state over the years. He maintained that the Uni…
New Delhi, April 8 (IANS) The Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh, held its third meeting to assess India’s readiness in the face of the evolving situation in West Asia. The high-powered group reviewed measures to ensure energy security, food supply stability, and overall economic resilience.Defence Minister Rajnath Singh directed all ministries to remain vigilant and focus on preparedness, coordination, and resilience building. He stated tha…
New Delhi, April 8 (IANS) The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over Rs 40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday.The Ministry of Finance stated that the scheme which was launched by Prime Minister Narendra Modi in 2015, aimed at “funding the unfunded”, provides collateral-free loans of up to Rs 20 lakh to micro and small non-corporate, non-farm enterprises.Highlighting the progress, Finance Minister Nirmala S…
Jammu, April 7 (IANS) Jammu and Kashmir Minister Sakeena Itoo, on Tuesday, welcomed the Women’s Reservation Bill, calling it a long-overdue yet significant move towards ensuring greater participation of women in governance.Speaking to reporters in Jammu, Minister Itoo said, “I believe this should have come much earlier — but better late than never, as long as it does come.” She added that the passage of the bill would mark a turning point in addressing gender imbalance in politics.Highlig…