She successfully contested her seat from Karnataka. [7], Nirmala Sitharaman was born in a Tamil family[8] in Madurai, Tamil Nadu, to Savitri and Narayanan Sitharaman. Also Read: Modi govt dumps ‘liberal’ in favour of ‘holistic’ in its new draft of education policy, Subscribe to our channels on YouTube & Telegram, Why news media is in crisis & How you can fix it. The new measures are mostly focused on generating demand through various new schemes including interest subsidy on loans. The overall allocation for the sector went up by over Rs 5,000 crore — it will be Rs 99,300 crore in 2020-21, up from Rs 94.853.64 crore in 2019-20. New Delhi: Finance Minister Nirmala Sitharaman will soon announce the next set of stimulus package to boost the coronavirus-hit economy, Economic Affairs Secretary Tarun Bajaj said on Tuesday. She has served as the Minister of State for Finance and Corporate Affairs under the Ministry of Finance and the Minister for Commerce and Industry with independent charge. In the higher education sector, the policy outlines the setting up of liberal arts universities on the lines of IITs (engineering) and IIMs (management), among other things. In 1984, she moved to Delhi to complete her Master of Arts and M.Phil in economics from Jawaharlal Nehru University (JNU). [32][26][33], "Who Gets What: Cabinet Portfolios Announced. Copyright © 2020 Printline Media Pvt. 12:20 PM: With the announcement of a fresh stimulus package comes just ahead of Diwali, the government hopes to revive lost demand as people are expected to spend more during the seasonally-active quarter.

But the news media is in a crisis of its own. ThePrint has the finest young reporters, columnists and editors working for it. Sitharaman formerly served as the Defence Minister of India, thereby becoming India's second female defence minister and also the second female finance minister after Indira Gandhi, and first full-time female Finance Minister. “External commercial borrowings and FDI to be leveraged to improve the education system,” Sitharaman said in her Budget speech. [25] She has served as an assistant to Economist in the Agricultural Engineers Association in the UK. Nirmala Sitharaman was born in a Tamil Iyengar Brahmin family and her father was an Indian Railways employee.

Finance Minister Nirmala Sitharaman tweeted, 'This shall not be just a financial package, but a reform stimulus, a mindset overhaul, and a thrust in governance. You have entered an incorrect email address! Finance minister Nirmala … RBI to deal with the coronavirus distress. She announced an apprenticeship degree and diploma programmes, and said these would be provided by 150 higher education institutions.

She is the second female to hold this post after Indira Gandhi and the first one to hold it full-time.

The Finance Ministry is looking into suggestions and requests received from various sectors of the economy, he said in a virtual conference with media. During the press conference, she is expected to announce a, Union Cabinet approves incentives worth Rs 2 lakh crore to boost manufacturing, fresh stimulus package to boost economic recovery. The Rs 20 lakh crore relief package includes the previous packages announced by the GOI and the central bank i.e. Finance Minister Nirmala Sitharaman today announced the government’s plans on education with schemes to provide technology-driven education in the country.

MSMEs are also expected to get a fresh benefit, which will replace the older credit guarantee scheme.