Nirmala Sitharaman

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Banking, Fintech & Insurance 6h ago

MDR on select UPI transactions is not a tax or surcharge, will not hit consumers, Sitharaman says

Finance Minister Nirmala Sitharaman has pushed back against criticism of the proposed Merchant Discount Rate on select high-value UPI transactions, saying it is neither a tax, cess nor surcharge and will not flow to the government. She said the charge is part of the digital payments ecosystem, will be borne by merchants, and is intended to support infrastructure and innovation in UPI.

By RDU Global Correspondent5 min read

Science, Space & Research5h ago

Sitharaman Says AI, Semiconductors and Quantum Tech Are India's Next Big Investment Frontier

India's finance minister Nirmala Sitharaman has called for a major push into artificial intelligence, semiconductors and quantum technology, arguing that the country must invest more aggressively in hardware, skills and institutions to stay competitive. Speaking in Bengaluru, she also pushed back against foreign perceptions that India has "missed the AI bus," saying much of the country's innovation remains underrepresented in public markets despite a growing startup base.

8 min readRead →

Macro Economy & Fiscal Policy11h ago

India Can Grow Beyond 10%, Sitharaman Says, Urging Tech Push Across Sectors

Union Finance Minister Nirmala Sitharaman said India is capable of achieving economic growth of more than 10 per cent, arguing that faster adoption of technology and innovation could lift productivity across agriculture, startups and industry. Speaking in Bengaluru, she said the country must overcome cynicism and accelerate its march toward Atmanirbhar Bharat and Viksit Bharat.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Nirmala Sitharaman:

IIT Madras(2)Bengaluru(2)UPI Payment Network(1)Reliance Industries(1)NPCI(1)Mumbai(1)