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Ministry of Finance Profile picture
@FinMinIndia
May 2 • 4 tweets • 4 min read Twitter logo Read on Twitter
Union Finance Minister Smt. @nsitharaman interacted with representatives of major business conglomerates operating in the field of marine products processing, on the sidelines of the 56th #ADBAnnualMeeting, in South Korea, today. (1/4)

@IndiainROK ImageImageImageImage
Union Finance Minister Smt. @nsitharaman encouraged potential investors to explore opportunities increasing share of value added food products in India’s export. (2/4)

@IndiainROK
FM also sought to host South Korean entrepreneurs to showcase opportunities at Mega Seaweed Park in Tamil Nadu; marine products’ processing nodes across the 900 km coastline of Andhra Pradesh & high quality soybean cultivated in MP, besides other parts of India. (3/4) @IndiainROK
FM Smt. @nsitharaman also apprised the delegation of various aspects of #BlueEconomy which Indian Government is supporting by evolving investor friendly policies. The delegation of Korean entrepreneurs showed keen interest in taking up #investment in India in these sectors. (4/4)

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More from @FinMinIndia

Ministry of Finance Profile picture
May 3
Union Finance Minister Smt. @nsitharaman, Governor for India in @ADB_HQ, participated as a panelist in the Governors' Seminar on the theme 'Policies to Support Asia's Rebound', held as part of 56th #ADBAnnualMeeting, in Incheon, South Korea, today. @IndiainROK
(1/11) ImageImageImageImage
Besides FM Smt. @nsitharaman representing as Governor for India, Ms Sri Mulyani Indrawati, Indonesia; Mr Niels Annen, Germany; Mr Changyong Rhee, Republic of Korea; & @ADBPresident and Chairperson of the Board of Directors also participated. @IndiainROK
(2/11) Image
FM Smt. @nsitharaman stated that protection of vulnerable sections has been India's prime focus as the government charted its course towards #recovery from the #COVID19 Pandemic. @IndiainROK
(3/11)
Read 11 tweets
Ministry of Finance Profile picture
May 3
Union Finance Minister Smt. @nsitharaman met Mr. Hayashi Nobumitsu, Governor, Japan Bank for International Cooperation #JBIC, on the sidelines of the 56th #ADBAnnualMeeting, in Incheon, today. (1/5)

@IndiainROK ImageImageImage
FM Smt. @nsitharaman encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank, NIIF and lending banks to leverage the strength and complementarities of both countries for facing local, regional and global financial challenges. (2/5)
FM spoke of GoI intiatives towards facilitating #investment, like #PLIs scheme, #NIP, reforms in #GST & Insolvency & Bankruptcy Code #IBC, among others & hoped JBIC will use this enabling environment as an opportunity to expand marine products & seaweed processing in India. (3/5)
Read 5 tweets
Ministry of Finance Profile picture
May 2
Union Finance Minister Smt. @nsitharaman had a bilateral meeting with Mr. Masatsugu Asakawa @ADBPresident, Asian Development Bank @ADB_HQ, on the sidelines of the #ADBAnnualMeetings, at Incheon, today. (1/5)

@IndiainROK ImageImageImageImage
FM Smt. @nsitharaman mentioned that India continues to be the most significant country for ADB’s Sovereign and Non-sovereign operations and also expressed support to @ADB_HQ for #innovative financing mechanisms to #enhance the #LendingCapacity of the bank. (2/5)
Union Finance Minister Smt. @nsitharaman advised ADB to introspect and assess how the bank can effectively #support developing Member Countries. (3/5)
Read 5 tweets
Ministry of Finance Profile picture
May 1
Union Finance Minister Smt. @nsitharaman will lead the Indian delegation to attend Asian Development Bank’s 56th #ADBAnnualMeeting being held in Incheon, South Korea, from May 2-5, 2023. (1/4)

Read more ➡️ pib.gov.in/PressReleaseIf…

@IndiainROK Image
On the sidelines of the #ADBAnnualMeeting, Finance Minister Smt. @nsitharaman will have interaction with global economists and think-tanks, Governors and Finance Ministers of the ADB member countries. (2/4)
The Union Finance Minister will also attend bilateral engagements with countries and international organisations, and interact with global business leaders, investors, and Indian diaspora. #ADBAnnualMeeting (3/4)
Read 4 tweets
Ministry of Finance Profile picture
Sep 16, 2022
👉 MCA revises threshold for paid up capital of “small companies”

👉 Latest revision to facilitate Ease of Doing Business #EoDB further and reduce compliance burden on “small companies”

Read more ➡️ pib.gov.in/PressReleaseIf…
(1/4)
Some of the benefits of revised definition of small companies are 👇

👉 No need to prepare cash flow statement as part of financial statement

👉 Advantage of preparing and filing an Abridged Annual Return

👉 Mandatory rotation of auditor not required
(2/4)
👉 An Auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor’s report

👉 Holding of only two board meetings in a year
(3/4)
Read 4 tweets
Ministry of Finance Profile picture
Jul 7, 2022
Union Finance Minister Smt. @nsitharaman chairs the 1st meeting of Apex Monitoring Authority on the National Industrial Corridor Development & Implementation Trust #NICDIT, being organised in hybrid mode in New Delhi, today. (1/4)

#Smartcities #IndiaReimagined
The meeting was also attended by Union Commerce Minister Shri @PiyushGoyal; Union Railways Minister Shri @AshwiniVaishnaw; @NITIAayog VC, Shri @sumanbery; Secretary @DPIITGoI Shri Anurag Jain; besides Ministers & seniors officials from States concerned in dual mode. (2/4)
The Government has approved the expansion of the mandate of Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and re-designated it as NICDIT for integrated development of industrial corridors in the country. (3/4)
Read 4 tweets

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