GENERAL22 Sept 2026
Focus on scale, resilience, better governance: FM Sitharaman to India Inc
Finance Minister Nirmala Sitharaman told Indian industry at an AIMA management convention that growth must move beyond size. She wants companies that are durable, well-governed, innovative and trusted, with deeper technology skills. She also asked businesses to spend more on research and development, and to engage early with regulators instead of letting differences become disputes.
Key Statutory Highlights
- Sitharaman said Indian industry must build institutions that combine scale with durability, higher quality, better governance and deeper technological capabilities.
- She said sound corporate governance is not just a set of external codes; it also depends on the standards institutions set for themselves.
- She asked corporates to spend more on research and development, either in-house or with academia, so more intellectual property is created in and from India.
Actionable Advice for Taxpayers / Founders:Think about how your own business scores on governance and research spending, and if a disagreement with a regulator comes up, consider raising it early through consultation before it turns into litigation.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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