Women are hesitant to join the boards of companies: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday expressed regret over the reluctance among women to join the boards of companies, saying she herself had a problem in persuading women candidates to join the board.

Finance Minister Nirmala Sitharaman (File Pic)

Finance Minister Nirmala Sitharaman ,Nirmala Sitharaman, the companies (Companies) women to join the board of (Women) Expressing regret over the hesitation, he said on Monday that he himself had a problem in persuading women candidates for the same. Sitharaman inaugurated the country’s commercial capital Mumbai. (Mumbai) In a program organized after the budget, he said that he himself has tried to persuade some people to join the boards of companies as a minister. The Finance Minister said that he needed his experience on the board. But not enough women are coming to him. This is a serious problem.

In fact, according to the legal provisions, the top 1,000 companies in the country are required to include at least one independent woman director on their board.

Will get full cooperation from the government on this: Sitharaman

When asked about this, Sitharaman said that tell them about the kind of women who can be inducted into the board. Where are such women? Urging the industry to come forward with the right solution to this problem, he said that he will get full support from the government.

On this occasion, Revenue Secretary Tarun Bajaj said that at present more than half of the members in the Central Board of Direct Taxes are women and it has been a great experience working with them.

Apart from this, Sitharaman has said that like the rest of the sector, the real estate sector can also get easy loans from banks, so that she will discuss with the Reserve Bank of India (RBI). Today, during the discussion with industry stalwarts on the budget, the Finance Minister gave this assurance. In the post-budget discussion on Monday in the country’s financial capital, Sitharaman said that it is also necessary to have an opinion on GST on the raw materials of the textile sector. The Finance Minister said, the blueprint for the next 25 years has come out in the budget. Revival is the first priority of the government in the budget.

The Finance Minister also said that this budget has been prepared at a time when the economy is recovering from the effects of the pandemic. Sitharaman said, we want a sustainable or sustainable revival. The emphasis has been on revival of growth in the budget. It also has a message about sustainable revival on a priority basis and a favorable tax regime.

(with PTI input)

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