Cabinet Approves ₹6,000 Cr Fishery Scheme, Infra Fund Extension
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a new fishery scheme and extended the Fisheries Infrastructure Development Fund (FIDF) for another three years up to 2025-26 on Thursday. The decisions are aimed at formalising the unorganised fisheries sector, facilitating institutional finance to micro and small enterprises, promoting aquaculture insurance and enhancing export […]
Finance Bill, Appropriation Bills Returned by Rajya Sabha
Rajya Sabha returns Finance Bill, appropriation bills after discussion The Parliament on Thursday gave its nod to the Modi government’s interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion. The Finance Minister Nirmala Sitharaman assured that the government will honour the fiscal deficit glide path given in 2021 […]
RBI: Paytm App Stable, Banks May Partner After Checks
The Reserve Bank of India (RBI) has clarified that the recent directives issued against Paytm Payments Bank Limited (PPBL) will not affect the functionality or operations of the Paytm app. The RBI Deputy Governor Swaminathan J said that the action is against PPBL, not against the Paytm app, in a press briefing following the Monetary […]
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 […]
Etihad: Official Sponsor of Chennai Super Kings
Etihad Airways, the national airline of the UAE, has announced a strategic partnership with Chennai Super Kings, the five-time champions of the Indian Premier League (IPL). The airline will be the official sponsor of the team, also known as the Yellove, for the upcoming season of the IPL. The partnership was unveiled at a special […]
Tata Group ₹30L Cr and TCS’s ₹15L Cr Market Cap Milestones
The Tata Group has achieved a historic milestone by surpassing a market capitalization of ₹30 lakh crore, making it the first Indian conglomerate to do so. This remarkable increase in market value is attributed to strong performances by Tata Consultancy Services (TCS), Tata Motors, Tata Power, and Indian Hotels in 2024. TCS leads the way […]
UAE’s ADIA’s $4-5B Investment Plan in India’s GIFT City
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India’s GIFT City through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat, according to two sources with direct knowledge of the matter. Approval from […]
Juspay, Zoho, Decentro: New Payment Aggregators by RBI
The Reserve Bank of India (RBI) has granted final authorization to three more companies – Juspay, Zoho, and Decentro – to operate as payment aggregators in India. This approval allows these companies to provide payment services to online merchants by accepting payments from customers. What is a payment aggregators? A payment aggregator is a service […]