Wednesday, January, 15,2025

FM Nirmala Sitharaman attends RBI Board of Directors meeting

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday attended a meeting of members of the Central Board of Directors of Reserve Bank of India (RBI) here in the national capital.
The meeting as held after the Union Budget 2024-25 and days after the Lok Sabha passed the finance bill, with a few amendments moved by the government in the parliament.
The meeting held at the office of Reserve Bank of India and saw the participation of RBI governor Shaktikanta Das and other board of directors of the bank.
The meeting is expected to discuss the budget provisions and economic situations prevailing in the country.
Earlier on August 7, expressing her confidence on the Union Budget 2024-25, Finance Minister said the approach of the government has been to bring greater simplification of tax laws and procedures and enable growth and employment in the country.
Sitharaman said the vision of Prime Minister Narendra Modi has been to establish a simple, efficient and fair technology-driven taxation regime in the country. "So, simplification and ease of compliance for the taxpayer has been the primary objective with which in the last 10 years, and this year, in the third term of PM Modi, the approach to taxation has been to simplify it, reduce the burden on taxpayer and make sure it is transparent and equitable," she said.
"This year also, our approach has been that we bring in greater simplification of tax laws and procedures, and that we enable growth and employment in this country," she added.
Sitharaman presented the Union Budget in Parliament on July 23.This is the first full budget of the NDA government led by PM Modi. The BJP-led alliance won a third successive term earlier this year.
Meanwhile, the RBI on August 8, decided to keep the repo rate unchanged at 6.5 per cent. This marks the ninth consecutive time the central bank has opted for stability in its monetary policy.
The decision to keep the repo rate steady comes amidst persistent concerns about inflation, which remains above the RBI's target range.
The RBI's Monitory policy committee has anticipated the growth rate of economy for fiscal year 2024-25 at 7.2 per cent.

  Share on

Related News

visit e-papers

Daily Astro

image

Aries

Today brings opportunities for growth, but you'll need to stay focused. Trust your instincts to navigate challenges.

image

Pisces

Your intuition will guide you. Trust your feelings and explore creative outlets for peace of mind.

image

Aquarius

Innovation is your theme today. Explore unconventional ideas to solve lingering problems.

image

Capricorn

Hard work pays off today. Your dedication and discipline will lead to well-deserved recognition.

image

Sagittarius

Adventure is calling! Embrace new opportunities, but keep a balanced approach to risks.

image

Scorpio

Your determination will be unmatched. Dive deep into tasks, but don't forget to take breaks to recharge.

image

Libra

Harmony in relationships is your priority. Compromise and understanding will strengthen your bonds.

image

Virgo

Focus on organization and details. A well-planned day will lead to productive results and personal satisfaction.

image

Leo

Leadership will come naturally. Take charge of situations but remain humble for the best outcomes.

image

Cancer

Emotional balance is key today. Spend quality time with loved ones to find comfort and clarity.

image

Gemini

Today is perfect for networking and sharing ideas. Your adaptability will help you tackle unexpected changes with ease.

image

Taurus

Patience will be your strength today. Financial matters might need attention, so think twice before making big decisions.