\n<\/p>\n
Mumbai: Government Assures Support for Farmers Amid Rising Costs<\/strong><\/p>\n On Saturday, Finance Minister Nirmala Sitharaman emphasized the government’s commitment to supporting vulnerable groups, especially farmers, facing increased costs due to the ongoing conflict in West Asia. She reassured that the government would take steps similar to those during the pandemic, while maintaining a careful approach to fiscal management.<\/p>\n At the Economic Times Awards for Corporate Excellence in Mumbai, Sitharaman expressed concern over the barriers hindering industrial growth and expansion. She offered her full attention to industry leaders, inviting them to share their challenges. <\/p>\n \u201cWe want to understand what is holding back the industry from growing or investing in new technologies, like artificial intelligence. Let us know how we can help you invest and expand,” she stated.<\/p>\n Highlighting India’s substantial imports of finished products, Sitharaman pointed out the significant opportunities for local manufacturing, which could reduce dependence on foreign goods. <\/p>\n Regarding foreign investment, she acknowledged that strong economic fundamentals do not always guarantee stable investment inflows. Recent trends have shown some investors pulling out to secure profits, although experts suggest they may consider returning in the future.<\/p>\n \u201cThere are various factors affecting capital movements,\u201d she said, stressing the need for open dialogue on foreign investment issues. <\/p>\n Sitharaman reaffirmed India\u2019s readiness for reforms, with various government departments actively working on new initiatives aimed at facilitating investment and production. \u201cWith our Prime Minister, there\u2019s always an open door for reforms,\u201d she added.<\/p>\n On the topic of artificial intelligence, she mentioned ongoing discussions with the U.S. administration and the company Anthropic regarding safety concerns tied to its advanced AI model, Claude Mythos, which has raised alarms over potential cybersecurity risks.<\/p>\n In concluding remarks, Sitharaman confirmed that the strategic sale of IDBI Bank will proceed, despite recent bidding challenges. \u201cWe will move forward; there\u2019s no stopping this,\u201d she stated confidently.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Mumbai: Government Assures Support for Farmers Amid Rising Costs On Saturday, Finance Minister Nirmala Sitharaman emphasized the government’s commitment to supporting vulnerable groups, especially farmers, facing increased costs due to the ongoing conflict in West Asia. She reassured that the government would take steps similar to those during the pandemic, while maintaining a careful approach<\/p>\n","protected":false},"author":1,"featured_media":29903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[28],"tags":[34368,38732,37392,38731,38734,38735,38730,6725,38733,13672,35062],"class_list":{"0":"post-29902","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india-news","8":"tag-ai-investment","9":"tag-capital-outflows","10":"tag-cybersecurity-risks","11":"tag-economic-times-awards","12":"tag-farmers-support","13":"tag-idbi-bank","14":"tag-india-inc","15":"tag-nirmala-sitharaman","16":"tag-reforms-in-india","17":"tag-reliance","18":"tag-west-asia-conflict"},"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/29902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=29902"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/29902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/29903"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=29902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=29902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=29902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}