Three New Economic Corridors for Railways: FM
In her Interim Budget speech delivered in the lower house of parliament, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 2.55 lakh crore for capital expenditure for the Indian Railways, along with three new railway economic corridors to reduce congestion and logistics costs in India. She also proposed that around 40,000 normal rail […]
Cabinet Approves Marketing Margin for Urea Plants’ Gas Supply
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the determination of marketing margin on the supply of domestic gas to Fertilizer (Urea) Units for the period from May 1, 2009 to November 17, 2015. This approval is a structural reform that aims to provide additional funds to various Fertilizer (Urea) Units for […]
Centre Extends Apparel Export Incentive Scheme to 2026
The Indian government has approved the extension of the RoSCTL scheme for apparel and made-ups sectors till March 2026. The scheme aims to boost the export competitiveness of these sectors by refunding the taxes and levies incurred in the production and distribution process. What is RoSCTL? RoSCTL stands for Rebate of State and Central Taxes […]
Lakhpati Didi Scheme: Target Raised to 3 Cr from 2 Cr
The ‘Lakhpati Didi’ scheme, which aims to provide skill development training to rural women and help them earn at least one lakh rupees a year, has received a boost in the interim budget presented by Finance Minister Nirmala Sitharaman on Thursday. The minister announced that the target of the scheme has been enhanced from 2 […]
Cabinet’s Approval for India-UAE Bilateral Investment Treaty
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval for signing and ratification of Bilateral Investment Treaty between the Government of the Republic of India and the Government of the United Arab Emirates . Benefits of the treaty The Treaty is expected to improve the confidence of the […]
Sitharaman: Govt Plans to Raise ₹14.13 Lakh Cr from Market
Finance Minister Nirmala Sitharaman presented the interim Budget 2024-25 in Parliament on Thursday, highlighting the achievements of the Modi government and its plans for future growth. She said the Indian economy witnessed a profound positive transformation in the last 10 years, overcoming the challenges of Covid-19 and creating foundations for a self-reliant nation. She also […]
“Boosting ‘Nari-Shakti’: Sitharaman’s New Measures Announced
Finance Minister Nirmala Sitharaman presented her sixth and final budget for the fiscal year 2024-25 on February 1, 2024. In her budget speech, she highlighted the achievements of the Modi government in empowering women and announced new measures to boost ‘nari-shakti’ (women power) in various sectors. Sitharaman said that the government has taken several steps […]
Ayushman Bharat to Cover ASHA, Anganwadi Workers: FM
In a major announcement in the interim budget 2024, Finance Minister Nirmala Sitharaman said that the Ayushman Bharat scheme, which provides health insurance to the poor and vulnerable, will be extended to all ASHA and Anganwadi workers and helpers. This will benefit about 30 lakh frontline health workers who are involved in delivering essential services […]
FM Sitharaman Announces New Housing Scheme for Middle Class
Finance Minister Nirmala Sitharaman announced a new housing scheme for the middle class in the Interim Budget 2024. The scheme will offer affordable rental houses to urban poor and migrant workers under the Pradhan Mantri Awas Yojana (PMAY) scheme. The announcement comes ahead of the General Elections 2024, which are expected to be held in […]
GST Intelligence’s First Digital Forensic Lab in Gujarat
The Directorate General of GST Intelligence (DGGI) is the apex intelligence and investigative agency for matters relating to violation of the Goods and Services Tax (GST). The DGGI has been detecting tax frauds to the tune of more than Rs. 1 lakh crore during the financial year 2022-23 and recovering more than Rs. 20 thousand […]