Tag Archives: Finance Minister

Fugitive businessman Vijay Mallya has approached the Karnataka High Court with a plea challenging the recovery of loans by Indian banks, claiming they have collected more than double the amount owed. Mallya, who is currently residing in London, is contesting the recovery of ₹14,000 crore by banks, despite his debt originally amounting to ₹6,200 crore.

In a significant move to enhance the safety, convenience, and comfort of rail passengers, Finance Minister Nirmala Sitharaman announced in the Interim Budget for 2024 that 40,000 regular train coaches will undergo a transformation to meet Vande Bharat standards. The conversion is part of the government's continued commitment to improving connectivity and passenger experience.

Fuel concerns affecting food security aspects and impact on inflation, fragmentation of supply chains were the three major worries in the near future, Sitharaman said during G20 Presidency briefing at Marrakech, Morocco.