Delays in regulatory approvals can create uncertainty, disrupt business timelines, and reduce the value of commercial transactions, cautioned Union Finance Minister Nirmala Sitharaman on Tuesday.
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Tuesday said that “the enactment of the Competition (Amendment) Act, 2023, has been an important landmark in the evolution of competition law in India, strengthening the Commission’s enforcement capabilities while simultaneously creating a more facilitative and transparent regulatory framework.”
Union Finance Minister Nirmala Sitharaman on Monday met her Italian counterpart Giancarlo Giorgetti, on the sidelines of the 58th ADB Annual Meeting in the Italian city of Milan and explored ways to strengthen India-Italy economic ties and enhance cooperation in global and multilateral platforms on issues of mutual interest.
Sitharaman is currently in Milan to attend the four-day long 58th annual meeting of the Board of Governors of Asian Development Bank (ADB).
Sitharaman is currently in Milan to attend the four-day long 58th annual meeting of the Board of Governors of Asian Development Bank (ADB).
The meeting, scheduled to be held between Sunday and Wednesday, will be attended by official delegations of the Board of Governors of ADB, official delegations of ADB members and international financial institutions.
The record GST collection in April showcases the resilience of the Indian economy and the effectiveness of cooperative federalism, Union Finance Minister Nirmala Sitharaman said on Thursday.
The regulatory frameworks must not only safeguard good governance but also enable enterprises, encourage formalisation and build trust in our systems, Union Finance Minister said on Thursday.
Sitharaman said that Corporate Bhawan will become a true single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking timely corporate regulatory services.
She further said India's quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape.
