Nirmala Sitharaman

India Finance Minister Nirmala Sitharaman met World Bank President Ajay Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting at Asheville in the US.

Sitharaman highlighted fiscal discipline, economic reforms and domestic priorities while saying final negotiations on India-US trade deal are underway.

The 57th meeting of the Council, chaired by Union Finance Minister Nirmala Sitharaman, is likely to discuss simplification in registration of businesses who pass on tax credit of over ₹2.5 lakh a month.

The Finance Minister highlighted opportunities in manufacturing, AI, infrastructure, defence and financial services.

The finance minister will lead India's delegation at the G20 Finance Ministers' meeting and engage with investors and CEOs in Chicago and New York.

Nirmala Sitharaman will participate in the inaugural Economic and Financial Dialogue with Canadian Finance Minister Francois-Philippe Champagne.

The bilateral meeting took place on the sidelines of the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting.

The bill permits banking records to be produced either in physical or in electronic form as the case may be.

Through the bill, the government has proposed that the central government can decide, via a notification, which electronic payment modes or transactions would remain free.

The Finance Minister will chair the meeting of chiefs of PSBs and financial institutions, including IDBI Bank, on mobilisation of FCNR(B) deposits, Overseas Foreign Currency Bonds and External Commercial Borrowings on July 13, sources said.

Talking about the middle class benefiting from AI, Sitharaman said people are continuously upgrading their technical skills to stay ahead.

Yet petroleum products such as petrol, diesel, crude oil, aviation turbine fuel (ATF) and natural gas continue to remain outside the GST framework.