Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat…
Finance Minister on Wednesday announced hiking the capital expenditure by 33 per cent to ₹10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. An expert committee…
India’s government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election. Since taking office in 2014, Modi has ramped up capital spending including on roads and…
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for financial inclusion. Finance Minister Nirmama Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups). She said…
There will be no income tax up to ₹7 lakh in the new tax regime, announced Union Finance Minister Nirmala Sitharaman in the Union Budget 2023 on Wednesday. “The government proposes to increase income tax rebate limit from ₹5 lakh to ₹7 lakh in the new tax regime,” said Sitharaman. The finance minister also proposed to hike…
PAN, the Permanent Account Number, will be used as a common identifier for all digital systems of specified government agencies, finance minister Nirmala Sitharaman announced in her budget 2023 speech as part of the government move to ensure ease of doing business. This will bring ease of business and will be facilitated through a legal…
The Indian economy has become more formalized as witnessed by a significant enhancement in digital payments, Union finance minister Nirmala Sitharaman on Wednesday said during her budgetary speech in the Parliament. She commended the enhancement in brought in digital payments over the years and noted that around 7,400 crore digital payments worth ₹126 lakh crore…
Union Budget for the fiscal year beginning April 1. Following the budget, a number of commonly used items will become more expensive for the consumers. Here’s a list of items that will become cheaper and costlier in FY24: Articles made from gold bars will see the basic customs duty hiked. Customs duty on kitchen electric…
Sensex jumped by 1,078 points after Finance Minister Nirmala Sitharaman’s budget speech in Parliament. The National Stock Exchange index Nifty too rose to inch towards the 18,000 mark. Earlier in the day, the Bombay Stock Exchange index had jumped by 640 points amid the finance minister’s speech.
PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters. The cuts, which will affect about 7% of employees, will take place in the coming weeks, Chief Executive Officer Dan Schulman told employees in a memo. “While we have made…
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