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Nirmala Sitharaman

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National Governance & Policy 11 Nov 2026, 08:00 AM IST

Sitharaman Signals Openness to Investor Concerns on Tax Changes Ahead of Budget

Union Finance Minister Nirmala Sitharaman has acknowledged anxiety among foreign investors over possible tax changes, saying the government will consider the views of those seeking policy adjustments before the Budget. Her remarks come as markets watch for signals on taxation, capital expenditure and fiscal discipline. She also stressed that India’s macroeconomic indicators remain strong and that welfare gains have helped reduce poverty.

By RDU Global Wire5 min read

National Governance & Policy10 Nov 2026, 08:00 AM IST

Sitharaman Signals Openness to Investor Tax Concerns Ahead of Budget

Union Finance Minister Nirmala Sitharaman has acknowledged unease among foreign investors over possible tax changes, saying she will consider the voices calling for adjustments before the Union Budget. Her remarks come as policymakers seek to balance market support, fiscal discipline and continued capital spending while projecting confidence in India’s macroeconomic outlook.

5 min readRead →

Banking, Fintech & Insurance08 Nov 2026, 08:00 AM IST

Sitharaman Says NDA Revived IDBI Bank After UPA-Era Loan Stress

Finance Minister Nirmala Sitharaman has defended the government’s plan to privatise IDBI Bank, arguing that the lender was revived through the NDA’s corrective measures after suffering under a bad loan crisis during the UPA years. Her remarks came amid renewed criticism from Congress leader Rahul Gandhi, whom she accused of politicising banking reforms and ignoring the strain earlier administrations placed on bank employees. The exchange underscores how the IDBI stake sale has become both a policy issue and a political flashpoint.

5 min readRead →

National Governance & Policy05 Nov 2026, 08:00 PM IST

Sitharaman Signals Openness to Tax Concerns as Investors Seek Budget Clarity

Finance Minister Nirmala Sitharaman acknowledged that foreign investors are uneasy about possible tax changes, saying the government will consider the voices calling for adjustments before the Union Budget. Her remarks come as markets watch for signals on fiscal policy, even as she stressed that India’s macroeconomic indicators remain strong and that capital expenditure must stay central to growth.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 05:00 PM IST

Small Traders Withdraw ‘No UPI Day’ Protest After Sitharaman Meeting

Small-trader groups have withdrawn their planned “No UPI Day” protest for October 2 after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision signals a temporary easing of tensions over digital payment costs, merchant charges and the broader push to protect small businesses as UPI becomes central to retail transactions across India.

5 min readRead →

Banking, Fintech & Insurance19 Oct 2026, 02:00 PM IST

Traders Withdraw 'No UPI Day' Protest After Sitharaman Meeting

Small-trader groups have called off their proposed 'No UPI Day' protest after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision by the All India Consumer Products Distributors Federation and the All India Mobile Retailers Association signals a temporary easing of tensions over digital payment practices and merchant concerns.

5 min readRead →

Banking, Fintech & Insurance18 Oct 2026, 02:00 PM IST

Traders Scrap 'No UPI Day' Protest After Meeting Sitharaman

Small-trader groups have withdrawn their proposed 'No UPI Day' protest after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision eases an immediate flashpoint over digital payments, though it also underscores continuing friction between merchants and the payments ecosystem over costs, compliance and settlement concerns.

6 min readRead →

National Governance & Policy18 Oct 2026, 08:00 AM IST

India-US Trade Pact to Be Concluded at the Earliest, Says Finance Minister

Finance Minister Nirmala Sitharaman said India and the United States should conclude their trade pact at the earliest, arguing that an early agreement would serve the wider interest of global trade. Her remarks come as Commerce and Industry Minister Piyush Goyal said the first phase of the deal has already been finalised and is now undergoing legal drafting.

5 min readRead →

National Governance & Policy17 Oct 2026, 02:00 PM IST

Sitharaman Backs Rupee Settlement Push to Ease Forex Stress and Trade Frictions

Finance Minister Nirmala Sitharaman has pitched wider use of rupee-denominated settlements as a practical tool for countries facing acute foreign exchange shortages, framing the mechanism as a way to keep trade moving when hard currency is scarce. Her remarks also carried a note of optimism on a prospective India-US trade agreement, underscoring New Delhi’s effort to combine financial resilience with deeper market access.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 03:00 PM IST

Sitharaman Rejects UPI MDR Misconception, Says Merchants Bear the Charge

Finance Minister Nirmala Sitharaman has moved to quell confusion over the Merchant Discount Rate on certain UPI transactions, saying the charge will not be passed on to consumers. She stressed that the levy is borne by merchants, is not a tax or surcharge, and applies only to select payments above Rs 2,000 at a rate of 0.4%.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 09:11 AM IST

Small Traders Withdraw 'No UPI Day' Protest After Meeting Sitharaman

Small-trader groups have withdrawn their planned 'No UPI Day' protest for October 2 after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision eases a potential flashpoint over digital payments, with trader bodies saying their concerns were heard and that they would continue engagement with the government on merchant payment issues.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 08:50 AM IST

Traders Withdraw 'No UPI Day' Protest After Sitharaman Meeting Eases Tensions

Small-trader groups have withdrawn their planned 'No UPI Day' protest for October 2 after a meeting with Finance Minister Nirmala Sitharaman in New Delhi. The decision, announced by the All India Consumer Products Distributors Federation and the All India Mobile Retailers Association, signals a temporary easing of friction over digital payments and merchant concerns.

5 min readRead →

Banking, Fintech & Insurance09 Oct 2026, 08:51 AM IST

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants, Not Consumers, Will Bear Charge

Finance Minister Nirmala Sitharaman has clarified that the Merchant Discount Rate on select UPI transactions above Rs 2,000 is a merchant-side cost and will not be passed on to consumers. She said the levy is not a tax, cess or surcharge, pushing back against growing confusion over the policy’s impact on digital payments.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 09:53 AM IST

Small Traders Withdraw ‘No UPI Day’ Protest After Meeting Sitharaman

India’s small-trader groups have called off their proposed ‘No UPI Day’ protest after a meeting with Finance Minister Nirmala Sitharaman in New Delhi. The withdrawal by the AICPDF and AIMRA eases a potential flashpoint over digital payments, merchant costs and the pace of UPI adoption in the retail economy.

4 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 07:57 AM IST

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants Will Bear the Charge

Finance Minister Nirmala Sitharaman has moved to calm confusion over the Merchant Discount Rate on select UPI transactions, saying the charge will not be passed on to consumers. She said the levy is borne by merchants, not the government, and stressed that it is neither a tax nor a surcharge. The clarification comes as digital payments continue to expand rapidly across India’s retail and mobility ecosystem.

5 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 10:39 PM IST

Traders Withdraw ‘No UPI Day’ Protest After Meeting Sitharaman

Small-trader groups have called off their proposed ‘No UPI Day’ protest for October 2 after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The decision, announced by the All India Consumer Products Distributors Federation and the All India Mobile Retailers Association, signals a temporary easing of tensions over digital payments and merchant concerns.

5 min readRead →

National Governance & Policy06 Oct 2026, 07:10 PM IST

Next-Gen GST Can Accelerate India’s Viksit Bharat Push, Sitharaman Says

Finance Minister Nirmala Sitharaman has framed the next phase of GST reform as a central instrument in India’s economic transformation, arguing that lower tax burdens, simpler compliance and a more predictable system can strengthen growth. In a detailed column, she pointed to rising collections, wider business participation and stronger consumer demand as signs that the indirect tax regime is maturing while states remain key partners in shaping its future.

6 min readRead →

National Governance & Policy06 Oct 2026, 08:50 AM IST

India to Seek Cabinet Approval Soon for Revised Bilateral Investment Treaty Framework, Sitharaman Says

India is preparing to take a revised bilateral investment treaty framework to the Cabinet soon, Finance Minister Nirmala Sitharaman said, signalling a renewed push to deepen investment ties with global partners. The move comes as New Delhi looks to balance investor protection, trade frictions and persistent concerns over tariffs and trade imbalances.

5 min readRead →

National Governance & Policy06 Oct 2026, 08:29 AM IST

India-EU Trade Pact Set to Lift Exports and Jobs in Labour-Intensive Sectors, Sitharaman Says

Finance Minister Nirmala Sitharaman said the India-EU trade agreement is expected to strengthen exports and generate employment, especially in labour-intensive industries such as textiles, leather, and other manufacturing segments. She noted that India has opened 92.5 per cent of tariff lines and about 97 per cent of tariff value under the deal, underscoring the scale of market access on offer while signalling the government’s confidence in the pact’s growth potential.

5 min readRead →

National Governance & Policy06 Oct 2026, 07:46 AM IST

India Set to Approve Revised Bilateral Investment Treaty Framework, Sitharaman Says

India is preparing to take the revised bilateral investment treaty framework to the Cabinet soon, Finance Minister Nirmala Sitharaman said, signalling a renewed push to deepen investment ties with key partners. The move comes as New Delhi seeks a more balanced approach to foreign capital, while also addressing persistent concerns around tariffs, trade frictions and widening trade imbalances.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 07:04 AM IST

Small Traders Withdraw ‘No UPI Day’ Protest After Sitharaman Meeting

India’s small-trader groups have called off their planned ‘No UPI Day’ protest after a meeting with Finance Minister Nirmala Sitharaman in New Delhi on Wednesday. The withdrawal by the All India Consumer Products Distributors Federation and the All India Mobile Retailers Association eases a potential flashpoint over digital payments, merchant costs and the pace of UPI adoption.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 06:40 AM IST

Sitharaman Rejects UPI MDR Misconception, Says Merchant Fee Will Not Be Passed to Consumers

Finance Minister Nirmala Sitharaman has moved to calm concerns over the merchant discount rate, or MDR, on certain UPI transactions above Rs 2,000, saying the charge will not be passed on to consumers. She stressed that the fee is borne by merchants, not the government, and is neither a tax nor a cess. The clarification comes amid heightened sensitivity around digital payments costs and their possible spillover into retail pricing.

4 min readRead →

National Governance & Policy05 Oct 2026, 08:28 PM IST

India-EU Trade Pact Set to Lift Exports and Jobs in Labour-Intensive Sectors, Sitharaman Says

India’s trade agreement with the European Union is expected to strengthen exports and create jobs in labour-intensive industries, Finance Minister Nirmala Sitharaman said, underscoring the pact’s strategic importance for manufacturing and services. She said India has opened 92.5 per cent of tariff lines and about 97 per cent of tariff value under the deal, signalling a broad market-access commitment while preserving room for sensitive sectors.

5 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 07:46 PM IST

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchant Charge Will Not Be Passed to Consumers

Finance Minister Nirmala Sitharaman has moved to clarify confusion over the Merchant Discount Rate on higher-value UPI payments, saying the charge is borne by merchants and will not be transferred to consumers. She stressed that the levy is not a tax, cess or surcharge, but a payment-processing cost applied only to certain transactions above Rs 2,000.

4 min readRead →

National Governance & Policy05 Oct 2026, 04:51 PM IST

India to Seek Cabinet Approval Soon for Revised Bilateral Investment Treaty Framework, Sitharaman Says

India is preparing to take a revised bilateral investment treaty framework to the Cabinet soon, Finance Minister Nirmala Sitharaman said, signalling a renewed push to deepen investment ties with key partners. The move comes as New Delhi looks to address investor concerns while also navigating tariff frictions and persistent trade imbalances in a more uncertain global environment.

6 min readRead →

National Governance & Policy05 Oct 2026, 04:50 PM IST

India-EU Trade Pact Set to Lift Exports and Jobs in Labour-Intensive Sectors, Sitharaman Says

India’s trade agreement with the European Union is expected to strengthen exports and create jobs in labour-intensive industries, Finance Minister Nirmala Sitharaman said, framing the pact as a strategic opening for manufacturing and services. She said India has opened 92.5 per cent of tariff lines and about 97 per cent of tariff value under the deal, underscoring the scale of market access on offer.

6 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 08:06 AM IST

Sitharaman Rejects UPI MDR Misconception, Says Merchant Fee Will Not Reach Consumers

Finance Minister Nirmala Sitharaman has moved to calm confusion over the Merchant Discount Rate on certain UPI transactions, saying the charge is borne by merchants and will not be passed on to consumers. She stressed that the levy is neither a tax nor a surcharge, but a payment-processing fee applied to a limited set of transactions above Rs 2,000.

5 min readRead →

National Governance & Policy05 Oct 2026, 06:18 AM IST

Naidu’s Crowd-Calming Clip Sparks Congress-NDA Clash Over Madanapalle Event

A short video from Finance Minister Nirmala Sitharaman’s October 2 event in Andhra Pradesh’s Madanapalle has triggered a fresh political row between the Congress and the NDA. Congress leader Jairam Ramesh said the clip showed Chief Minister N. Chandrababu Naidu silencing a crowd whose anger had disrupted the programme, while Naidu, Sitharaman, his son Nara Lokesh and the BJP insisted the reaction was merely party-worker enthusiasm.

6 min readRead →

National Governance & Policy05 Oct 2026, 05:27 AM IST

India’s Economic Fundamentals Remain Strong and Are Strengthening, Sitharaman Says

Finance Minister Nirmala Sitharaman said India’s economic fundamentals remain resilient and are improving, framing strategic resources, global openness, skills development and private investment as central to the country’s next phase of growth. Her remarks come as policymakers seek to sustain momentum in a volatile global environment while broadening the economy’s long-term productive capacity.

4 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 04:03 AM IST

Traders Withdraw 'No UPI Day' Protest After Sitharaman Meeting

Small-trader groups have called off their proposed 'No UPI Day' protest after a meeting with Finance Minister Nirmala Sitharaman, easing a brewing confrontation over digital payments and merchant charges. The move removes an immediate flashpoint for India’s retail and mobility-linked commerce ecosystem, where UPI has become the default transaction rail for everything from daily essentials to vehicle-related purchases.

4 min readRead →

National Governance & Policy04 Oct 2026, 10:46 PM IST

Naidu, Sitharaman Unveil Rayalaseema Horticulture Push as Anant Ambani Pledges ₹1 Lakh Crore for Biogas in Andhra

Andhra Pradesh Chief Minister N. Chandrababu Naidu and Union Finance Minister Nirmala Sitharaman launched a major horticulture and agri-processing push for drought-prone Rayalaseema, framing the region as a future global fruit bowl. Separately, Reliance Industries, through Anant Ambani, announced a ₹1 lakh crore commitment for biogas plants in the state, adding a large private-sector energy and rural development dimension to the day’s announcements.

5 min readRead →

India Entertainment & Culture04 Oct 2026, 08:33 PM IST

Jr. NTR Condemns Morphed 'Chuttamalle' Video Featuring Janhvi Kapoor, Vows Legal Action

Telugu superstar Jr. NTR has strongly denounced an AI-generated morphed video that used footage from the song 'Chuttamalle' from 'Devara' and altered it to feature Janhvi Kapoor in a misleading manner. The actor said the clip was unacceptable and indicated that legal action would follow, underscoring growing concerns in Indian entertainment over deepfakes, consent, and digital misuse.

6 min readRead →

National Governance & Policy04 Oct 2026, 07:52 PM IST

India’s Economic Resilience Was Built Through a Decade of Reform, Sitharaman Says

Finance Minister Nirmala Sitharaman said India’s recent economic resilience is the result of a decade of structural reforms, fiscal discipline and policy continuity. She identified strategic resource security, global trade integration, skills development and greater private investment in research as the next priorities for sustaining growth.

6 min readRead →

National Governance & Policy04 Oct 2026, 04:03 PM IST

Vellore’s 1868 Market Endures as Old Trade Survives New Scale

Vellore’s wholesale market, founded in 1868, has expanded from about 200 shops to more than 700 permanent outlets and 300 temporary stalls, becoming one of the city’s most enduring commercial ecosystems. Even as trade has intensified and the market has grown busier, older businesses continue to survive, preserving a rare continuity between the town’s trading past and its present-day economy.

5 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 03:20 PM IST

Axis Bank Seeks to Double Rs 8,688 Crore Data Centre Exposure as AI Demand Accelerates

Axis Bank is preparing to significantly expand its lending to India’s data centre sector, with exposure projected to double from Rs 8,688 crore over the next three years, according to the latest market context. The move reflects a broader banking shift toward financing the infrastructure underpinning artificial intelligence, cloud computing and digital services, even as lenders weigh concentration risk, long project tenors and execution challenges.

4 min readRead →

National Governance & Policy04 Oct 2026, 06:56 AM IST

Government Will Stand by Kavin’s Family Until Justice Is Secured, Says Vanni Arasu

Tamil Nadu’s ruling establishment has signalled continued support for the family of Kavin, whose case has drawn public attention and renewed scrutiny over justice delivery and social accountability. Vanni Arasu said the government would remain with the family until justice is secured, underscoring the political sensitivity of the matter and the pressure on authorities to ensure a credible legal process.

4 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 09:31 PM IST

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants Will Bear the Charge

Finance Minister Nirmala Sitharaman has dismissed concerns that the Merchant Discount Rate on select UPI transactions will be passed on to consumers, saying the charge is borne by merchants and not the government. She also clarified that the levy is neither a tax nor a cess, but a payment-processing cost applicable only to certain transactions above Rs 2,000.

5 min readRead →

National Governance & Policy03 Oct 2026, 08:29 PM IST

India’s Economic Resilience Was Built Through a Decade of Reform, Sitharaman Says

Finance Minister Nirmala Sitharaman said India’s current economic resilience is the product of a decade of structural reforms, not a short-term cycle. She said the next phase of growth will depend on strategic resource security, stronger participation in global trade, deeper skills development and greater private investment in research.

5 min readRead →

India Entertainment & Culture03 Oct 2026, 07:13 AM IST

Anuradha Kapur’s ‘Virasat’ Recasts Elkunchwar’s Wada Trilogy as a Warning on Memory and Decline

At Delhi’s Sunder Nursery, director Anuradha Kapur’s Virasat offers a searching reworking of Mahesh Elkunchwar’s Wada trilogy, turning a landmark of Indian theatre into a meditation on inheritance, erosion and the cost of nostalgia. The production argues that modernity is not automatically progress, and that clinging to a fading past can exact a steep human price.

5 min readRead →

Banking, Fintech & InsuranceJust now (07:32 PM IST)

Sitharaman Rejects UPI MDR Misconception, Says Merchant Charge Will Not Be Passed to Consumers

Finance Minister Nirmala Sitharaman has moved to calm concerns over the Merchant Discount Rate on higher-value UPI payments, saying the charge is borne by merchants and will not be transferred to consumers. She stressed that the levy is not a tax, cess or surcharge, but a transaction fee applied in limited cases at a rate of 0.4% on certain UPI payments above Rs 2,000.

5 min readRead →

National Governance & PolicyJust now (04:44 PM IST)

Andhra Pradesh, Centre Launch ₹1 Lakh-Crore Global Horticulture Hub in Madanapalle

Andhra Pradesh Chief Minister N. Chandrababu Naidu and Union Finance Minister Nirmala Sitharaman laid the foundation stone for a proposed global horticulture hub at Madanapalle, a project pegged at about ₹1 lakh crore. Planned in three phases, the initiative is being positioned as a major agri-infrastructure bet aimed at strengthening value chains, storage, processing and export readiness in one of India’s key horticulture belts.

5 min readRead →

Banking, Fintech & InsuranceJust now (10:10 AM IST)

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants, Not Consumers, Will Bear the Charge

Finance Minister Nirmala Sitharaman has moved to quell confusion over the Merchant Discount Rate on select UPI transactions, saying the charge will not be passed on to consumers. She stressed that the levy is borne by merchants, not the government, and is neither a tax nor a cess nor a surcharge. The clarification comes as digital payments continue to expand across retail, mobility and everyday commerce in India.

5 min readRead →

Banking, Fintech & InsuranceJust now (03:26 AM IST)

Sitharaman Rejects UPI MDR Misconception, Says Merchants Bear the Charge

Finance Minister Nirmala Sitharaman has dismissed concerns that the Merchant Discount Rate on select UPI transactions will be passed on to consumers, saying the charge is borne by merchants and not the government. She also stressed that the levy is not a tax, cess or surcharge, but a payment-processing cost applied only to certain transactions above Rs 2,000.

5 min readRead →

Banking, Fintech & InsuranceJust now (01:42 AM IST)

Traders Withdraw 'No UPI Day' Protest After Sitharaman Meeting

Small-trader groups have called off their proposed 'No UPI Day' protest after a meeting with Finance Minister Nirmala Sitharaman on Wednesday, easing a potential flashpoint over digital payments and merchant costs. The decision by the AICPDF and AIMRA signals a temporary truce in a dispute that had threatened to disrupt retail transactions on October 2.

5 min readRead →

Global Markets & EquitiesJust now (11:17 PM IST)

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Indian banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season credit demand strengthens, Reserve Bank Deputy Governor Rohit Jain said. He indicated that the central bank will not direct lenders toward specific sectors, leaving banks to allocate funds based on viable credit proposals across the economy.

5 min readRead →

National Governance & PolicyJust now (09:40 AM IST)

Manufacture in India, Build for the World: Sitharaman Frames India’s Growth Pitch

Finance Minister Nirmala Sitharaman said India’s investment case is no longer built around a single sector, but on the combined strength of scale, growth, talent, infrastructure, technology and a decade of sustained reform. Her remarks underscore New Delhi’s effort to position India as a long-horizon manufacturing and innovation hub for global capital.

5 min readRead →

Banking, Fintech & InsuranceJust now (06:54 AM IST)

Sitharaman Rejects UPI MDR ‘Misconception,’ Says Merchants Bear the Charge

Finance Minister Nirmala Sitharaman has dismissed concerns that the Merchant Discount Rate on certain UPI transactions above Rs 2,000 will be passed on to consumers. She said the levy is borne by merchants, not the government, and stressed that it is neither a tax nor a surcharge. The clarification comes amid renewed scrutiny of digital payments costs and their potential impact on retail adoption.

5 min readRead →

India Entertainment & CultureJust now (04:30 AM IST)

Kalyanapuram S. Aravind Impresses with a Carefully Curated Carnatic Repertoire

Kalyanapuram S. Aravind delivered a recital marked by discipline, balance, and interpretive clarity, moving from Dikshitar’s Kamboji kriti to a ragamalika virutham with measured assurance. The performance stood out for the ease with which it conveyed complex musical ideas without sacrificing emotional depth or structural precision.

5 min readRead →

Banking, Fintech & InsuranceJust now (02:47 AM IST)

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on a limited set of UPI transactions, according to sources. Officials believe the impact will be confined to a small share of total UPI volume, while free RuPay debit card transactions and close monitoring should help prevent any pass-through of costs to consumers.

5 min readRead →

Banking, Fintech & InsuranceJust now (02:26 AM IST)

India’s Credit Card Spending Slips 2.8% in August as New Card Additions Slow

Credit card spending in India declined 2.8% month-on-month in August to ₹2.02 lakh crore, down from ₹2.08 lakh crore in July, even as year-on-year spending remained 5.9% higher. The moderation came alongside a slowdown in new card issuance, with banks adding 1.19 million cards during the month, 5.6% fewer than in July.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Nirmala Sitharaman:

New Delhi(64)India(24)Ministry of Finance(23)Government of India(21)All India Mobile Retailers Association(14)All India Consumer Products Distributors Federation(14)