New Delhi: Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system (FCSS) at GIFT IFSC, enabling real-time transactions, improving liquidity management, and ensuring regulatory compliance. Currently, foreign currency settlements take 36 to 48 hours to process. The FCSS will serve as a payment system within IFSC, designed to settle transactions in foreign currencies on a real-time or near real-time basis. Addressing the Global Fintech Fest 2025, Sitharaman...Read More

Gandhinagar: Union Finance Minister Nirmala Sitharaman is set to visit Gujarat on January 13 to attend the 4th convocation ceremony of Rashtriya Raksha University (RRU) in the state capital. Around 447 students will take part in the ceremony, which will also see 11 Indian Navy officers receiving their diploma and PG Diploma certificates from the Finance Minister. The event will also honor three students with PhD degrees, while 13 exceptional students will be presented with gold medals for the...Read More