CII: White Paper Confirms India’s Economic Growth
The White Paper on the Indian Economy, tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha on Thursday, has reaffirmed the robust growth momentum of the Indian economy, according to the Confederation of Indian Industry (CII). The industry body said that the document highlighted the NDA government’s efforts in overcoming the challenges inherited from […]
Centre’s White Paper Highlights Economic Progress
The Union government, led by Narendra Modi, presented the White Paper on the Indian Economy in the Lok Sabha on Thursday, comparing the economic performance under the UPA and NDA governments. The document highlighted the NDA’s efforts in overcoming challenges inherited from the UPA’s policy paralysis, steering India towards sustainable growth through tough decisions. It […]
Rajasthan Budget: PM-KISAN Now ₹8,000, Wheat MSP Up
The Rajasthan government presented its farmer-focused Budget on Thursday, February 8, 2024. The Budget included several announcements to benefit the farmers of the state, such as increasing the amount under the PM-KISAN scheme and raising the minimum support price (MSP) for wheat. PM-KISAN Amount Increased to ₹8,000 in Rajasthan Budget The PM-KISAN scheme is a […]
Banking Liquidity Deficit Down to ₹1.40 Lakh Crore: RBI
The liquidity situation in the Indian banking system has improved significantly in the first week of February 2024, as the government increased its spending and eased the pressure on money market rates. According to a report by MintGenie, the liquidity deficit in the banking system declined to about ₹1.40 lakh crore on February 4, from […]
India’s $78B Deal to Extend Qatar LNG Imports
India, the world’s fourth-largest consumer of energy, is likely to sign a $78 billion deal with Qatar, the world’s top exporter of liquefied natural gas (LNG), to extend its LNG imports for another 20 years beyond 2028 at rates that are lower than current prices, sources said. The deal will be signed between Petronet LNG […]
TCS Hikes Rates on Overseas Tour Packages by 15%
If you are planning to book an overseas tour package from a travel agent, be ready to pay more from October 1, 2023. The government has increased the tax collection at source (TCS) rate from 5% to 20% on such packages, as per the Budget 2023-24. This means that you will have to shell out […]
J&K’s Interim Budget of Rs 1.18L Cr Proposed by Sitharaman
The Union Territory of Jammu and Kashmir (J&K) has received an interim Budget of Rs 1.18 lakh crore for the fiscal year 2024-25, as proposed by Finance Minister Nirmala Sitharaman in Parliament on Monday. The interim Budget is expected to enhance the development and security of the UT, which was bifurcated from the erstwhile state […]
11.48 Cr PANs Unlinked: Govt Collects Rs 600 Cr in Penalties
The Permanent Account Number (PAN) is a unique identification number issued by the Income Tax Department to taxpayers in India. The Aadhaar is a 12-digit biometric identity number issued by the Unique Identification Authority of India (UIDAI) to residents of India. The government has made it mandatory to link PAN with Aadhaar for filing income […]
Class 1-8 Students to Get Free Sweaters, Bags by UP Govt
The Uttar Pradesh government has announced a budget allocation of Rs 1,000 crore for providing free sweaters, shoes, socks and bags to over 2 crore students of classes 1 to 8 in government schools. The scheme aims to encourage education and improve the infrastructure of primary schools in the state. According to Finance Minister Suresh […]
MeitY Empowers Paras Defense with SMART Tech: Boost for Digital India
The Ministry of Electronics and Information Technology (MeitY) has successfully transferred the Smart Food Grain Storage System (SAFEETY) technology to M/s Paras Defense and Space Technology Ltd, a leading defense and space company in India. The technology transfer took place during the launch event of the “Digital India FutureLABS Summit 2024” held at IIIT-Delhi on […]