In a bid to showcase India’s attractiveness as an investment destination and boost bilateral trade ties, Union Finance Minister Nirmala Sitharaman is set to embark on an official visit to Mexico and the US, beginning October 16, it was announced on Tuesday.
During the first leg of her maiden visit to Mexico from October 17-20, the Finance Minister will lead an Indian delegation, underscoring a positive trajectory of growing bilateral economic and trade relations between the two countries.
FM Sitharaman will chair the tech leaders’ roundtable that will bring together global technology leaders, including major Indian IT giants present in Guadalajara. The Finance Minister will also visit the TCS headquarters in Guadalajara - a key contributor to the Mexican IT ecosystem and known as the ‘Silicon Valley’ of the country with a significant presence of major global IT and tech companies.
According to the Ministry of Finance, FM Sitharaman will also hold a bilateral meeting with her counterpart Rogelio Ramirez de la O, Minister of Finance and Public Credit of Mexico. Along with holding discussions with several members of the Mexican Parliament to strengthen parliamentary cooperation and foster economic development, FM Sitharaman is set to deliver a keynote address at the India-Mexico Trade and Investment Summit with participation from key industry captains from both countries. She will also engage with leading business figures and industry representatives from Mexico.
In the last leg of her maiden visit to Mexico, the Union Finance Minister will participate in a community event, being hosted by the Indian diaspora.
During her visit to the US from October 20-26, FM Sitharaman will participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank, the 4th G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings, besides the G20 Joint Meeting of FMCBGs, Environment Ministers, and Foreign Ministers; and G7-Africa Ministerial Roundtable. The ministry said that she will participate in the Pension Funds Roundtable at the New York Stock Exchange, interact with students and faculty at the Wharton School, University of Pennsylvania, and also at the Columbia University, and the Global Sovereign Debt Roundtable (GSDR) and take part in discussions organised by the Coalition for Disaster Resilient Infrastructure (CDRI) and Centre for Strategic and International Studies (CSIS), respectively.
The Finance Minister will take part in bilateral meetings with several countries in the US. In a high-level event, she will participate in a World Bank Group discussion, titled 'From Idea to Implementation: New Financial Solutions to Accelerate Development'.
1 crore more people to pay zero income tax under Budget 2025-26: FM Sitharaman
As many as 1 crore more people will pay no income tax after the increase in rebate to Rs 12 lakh announced in the Budget for 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.
Road map for Viksit Bharat: Modi Cabinet lauds Union Budget
External Affairs Minister (EAM) S. Jaishankar praised the Union Budget on Saturday, calling it a road map to achieve Prime Minister Narendra Modi's vision of a 'Viksit Bharat'.
Pakistan: 18 soldiers among 30 killed in restive Balochistan
At least 18 soldiers of Pakistan's Frontier Corps (FC) have died during an operation in Mangocher, a city located in the Kalat district of Balochistan province, the country's military authorities confirmed on Saturday.
Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlier
Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods.
Union Budget: Over Rs 6.81 lakh crore allocated for MoD, defence pension increased by 14 pc
The Union government allocated over Rs 6.81 lakh crore to the Ministry of Defence (MoD) on Saturday and further increased the defence pension by 14 per cent.
Budget 2025-26: FDI limit for insurance sector raised to 100 per cent
Finance Minister Nirmala Sitharaman on Saturday announced an increase in the FDI limit for the insurance sector from 74 per cent to 100 per cent in the Budget for 2025-26 as part of far-reaching reforms in the financial sector.
BCD revision on key electronics components to boost local manufacturing
The revision of Basic Customs Duty (BCD) on key electronics items will strengthen the 'Make in India' initiative and help meet Prime Minister Narendra Modi's ambitious $500 billion electronics manufacturing target, the industry said on Saturday.
FM allocates Rs 13,415.20 cr for space sector, experts welcome Geospatial mission
Giving a much-needed boost to the space sector, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 13,415.20 crore for the Department of Space in the Union Budget 2025-26.