Union Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.9% of GDP for the current fiscal year. This marks a reduction from the 5.1% target set in the Interim Budget presented on February 1, and a decrease from the 5.9% target set for 2023-24, which was later revised to 5.8%. The fiscal deficit, […]
Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024-25 on Tuesday, unveiled substantial financial assistance for states severely impacted by floods and other natural calamities. The aid will benefit Bihar, Himachal Pradesh, Assam, Uttarakhand, and Sikkim. In her Budget speech in the Lok Sabha, Sitharaman said that Bihar, which frequently suffers from floods, […]
Finance Minister Nirmala Sitharaman announced a significant reduction in customs duties on cancer medicines and mobile phones today, which will substantially lower their retail prices. Additionally, the prices of imported gold, silver, leather goods, and seafood are set to decrease, making these items more affordable. Here is the list of items that have become cheaper: […]
Prime Minister Narendra Modi on Tuesday praised the Union Budget 2024-25 as a significant driver of economic development and empowerment for all sections of Indian society. In his post-budget remarks, PM Modi emphasized the budget’s focus on rural development, poverty alleviation, and agricultural prosperity. “This is a budget that will guide the country’s villages, poor, […]
Prime Minister KP Sharma Oli has secured a vote of confidence with a two-thirds majority from the House of Representatives (HoR). A total of 188 out of 263 members of the House of Representatives (HoR) present in the meeting voted for the proposal on the vote of confidence to the government presented today at the […]
By: Aditya Ahuja Newly appointed India head coach Gautam Gambhir addressed his first press conference in Mumbai since taking over the job earlier this month, with BCCI selection committee chief Ajit Agarkar beside him. This comes ahead of his first assignment with the national team – the upcoming tour of Sri Lanka, where India will […]
Indian tennis player Yuki Bhambri and his French partner Albano Olivetti won the Swiss Open 2024 doubles event after a come-from-behind victory against the French pair of Fabrice Martin and Ugo Humbert in the final. This is the second ATP Tour title of the year for the Indo-French pair. Bhambri and Olivetti also won the […]
Indian benchmark indices declined in early trade on Monday, weighed down by selling pressure ahead of the Economic Survey later in the day and the Union Budget, which will be presented on Tuesday. Markets were also tracking Asian shares, which slid despite Wall Street futures gaining strength following President Joe Biden’s decision to withdraw from […]
The annual Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, states that despite the pandemic and geopolitical tensions, timely policy interventions by the central government and the Reserve Bank of India’s price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions, […]
Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to the exigencies of government business, the session is likely to conclude on August 12. Union Ministers […]
