Union Budget: Rs. 60,000 crore allocated for Har Ghar, Nal Se Jal Scheme
Feb 01, 2022, at 08:56 pm
New Delhi: An allocation of Rs. 60,000 crore has been made in the Union Budget to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme.
Budget proposes to form high-level committee to refine urban development
Feb 01, 2022, at 07:57 pm
New Delhi: While presenting Union Budget 2022-23 in Parliament on Tuesday, Union Finance Minister Nirmala Sitharaman proposed to form a high-level committee of reputed urban planners, urban economists and institutions to make recommendations on urban sector policies, capacity building, planning, implementation and governance to steer a paradigm change.
Budget 2022-23: FM Sitharaman ups capital outlay by 35.4% to Rs 7.5 lakh cr for FY2023
Feb 01, 2022, at 07:40 pm
Mumbai/UNI: With a clear focus on improving the transportation infrastructure, multi-modal logistic parks, urban planning, as well as energy transition, Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023, on Tuesday proposed a 35 percent increase in capital expenditure to Rs 7.5 lakh crore in fiscal year 2023.
Budget2022: Nirmala spotlights on infra spending; IT slabs unchanged, 30 pc crypto tax imposed
Feb 01, 2022, at 07:23 pm
New Delhi/IBNS: With an emphasis on infrastructure spending and keeping the Income Tax slabs unchanged, Union Finance Minister Nirmala Sitharaman presented her fourth budget in Parliament where she announced a big leap in capital expenditure while imposing a tax of 30 percent on gift of cryptocurrencies at receiver's end amid declaration of digital rupee issuance by the RBI shortly.
Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala
Feb 01, 2022, at 05:53 pm
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.
LIC IPO to hit the market soon: Nirmala in Budget2022 speech
Feb 01, 2022, at 05:21 pm
New Delhi: Union Finance Minister Nirmala Sitharam in her budget speech said the initial public offering (IPO) of state-backed Life Insurance Corporation of India is expected to hit the market soon.
Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget
Feb 01, 2022, at 03:36 pm
New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.
Nirmala Sitharaman to present Union Budget today
Feb 01, 2022, at 02:09 pm
New Delhi: Union Finance Minister Nirmala Sitharaman will present the annual budget on Tuesday.
India's external trade recovers in 2021-22: Economic Survey
Feb 01, 2022, at 02:58 am
New Delhi: External trade recovered strongly in 2021-22 after the pandemic-induced slump of the previous year, with strong capital flows into India, leading to a rapid accumulation of foreign exchange reserves.
Indian Market: Sensex up by 813.94 points
Feb 01, 2022, at 02:40 am
Mumbai/UNI: The BSE Sensex on Monday rallied 813.94 points, to close at 58,014.17 on the strength of Realty, IT, Technology and Energy stocks amid positive global cues.
Startups seek 'booster dose' in form of tax incentives from Union Budget
Feb 01, 2022, at 02:20 am
Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.
GST collection crosses Rs 1.30 lakh cr mark for 4th time since its roll-out: Finance Ministry
Feb 01, 2022, at 02:00 am
The GST (Goods and Services Tax) collection for the month of January stands at Rs 1,38,394 crore, as per data released by the government on Monday.
India's core sector output grew 3.8 pc in December, steel and crude oil production dip
Feb 01, 2022, at 01:43 am
New Delhi/UNI: Led by cement, natural gas and other sectors, India's core sector output grew 3.8% year-on-year in December, 2021.
Feb 01, 2022, at 12:14 am
Riyadh/IBNS: A new agreement between the Ministry of Culture and Cirque du Soleil Entertainment Group has paved the way for the renowned organization to bring some of its top shows and award-winning performances to Saudi Arabia.
Despite COVID-19 shock, Indian agriculture sector grows 3.9 pct in 2021-22: Economic Survey
Jan 31, 2022, at 11:12 pm
New Delhi: The Agriculture sector which accounts for 18.8 per cent of Gross Value Added (GVA) of the country in 2021-22 has experienced buoyant growth in the past 2 years.
Govt spending on social service increases significantly amid pandemic: Economic Survey
Jan 31, 2022, at 10:42 pm
New Delhi: The government’s spending on Social Services increased significantly during the pandemic states the Economic Survey 2021-22.
Economic Survey: Indian economy projected to grow at 8-8.5 pct during next fiscal
Jan 31, 2022, at 09:14 pm
New Delhi: India forecast an economic growth of 8 to 8.5 percent in the coming fiscal year that starts in April, as per the Economic Survey 2022 tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Monday.
Govt to present Economic Survey 2021-22 on Monday
Jan 31, 2022, at 02:04 am
New Delhi/IBNS: Finance minister Nirmala Sitharaman will table the Economic Survey 2021-22 on Monday, a day before the Union Budget.
Adani Total wins rights to develop gas retail network in 14 cities
Jan 30, 2022, at 02:19 pm
New Delhi: Adani Total Gas Limited, a joint venture of Gautam Adani's gas unit and French energy major Total, has bagged deals to retail gas in 14 Indian cities, according to a statement from Petroleum and Natural Gas Regulatory Board (PNGRB).
Govt settled Air India's Rs 61,000 cr debt before transfer to Tatas
Jan 30, 2022, at 02:11 pm
New Delhi: The Centre has settled more than Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in Air India Assets Holding Limited (AIAHL) -- before the transfer of the national carrier to the Tata Group, media reports said.
Union Budget 22 Expectations: Big push for e-bicycle industry needed for faster adoption of EVs
Jan 30, 2022, at 03:54 am
Kolkata: India’s Electric Vehicle (EV) industry has expanded fast over the last year as the government pushed for electric mobility with the help of FAME II subsidies. The Union Budget 2022-23 is expected to propose several schemes and policies for the growth of the emerging EV industry.
India, UK conclude first round of talks for FTA
Jan 29, 2022, at 06:26 am
New Delhi/UNI: Seeking to negotiate an early trade deal, India and the UK have concluded the first round of talks for Free Trade Agreement (FTA) between the two countries.
ZenEquity offers IPO-bound OYO’s employees & alumni with ESOP management tech solutions
Jan 29, 2022, at 06:17 am
ESOP management platform ZenEquity has partnered with global travel tech platform OYO to provide its current and former employees with the best in class, easy to use ESOP management platform. Ahead of OYO’s IPO, the portal will provide an end-to-end solution to make viewing, managing and exercising ESOPs completely paperless.
Jan 29, 2022, at 05:57 am
Mumbai/UNI: Engineering major Larsen & Toubro (L&T) on Friday reported a 16.70 percent year-on-year decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 2054.74 crore.
SAIL's MC Agrawal appointed mjunction Chairman
Jan 29, 2022, at 05:41 am
Kolkata/IBNS: Mahesh Chand Agrawal, Executive Director for Sales & International Trade Division at SAIL, has been appointed Chairman of mjunction services limited, a B2B e-commerce marketplace.
Govt appoints Dr V Nageswaran as Chief Economic Advisor days ahead of Budget
Jan 29, 2022, at 05:37 am
New Delhi/UNI: The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA).
Jan 29, 2022, at 05:15 am
Kolkata: The Covid-19 pandemic has firmly asserted the importance of health insurance more than ever, the industry captains have said, demanding a GST rate cut on premium along with hike in tax exemption and giving infrastructure status to healthcare facilities in Union Budget 2022-23 in order to boost the penetration of health insurance in India.
Gold Savings accounts can reduce India's bulging current account deficit
Jan 29, 2022, at 01:47 am
New Delhi/IBNS: India is likely to introduce Gold Savings account (GSA) in the upcoming budget to change the preferred buying pattern of purchasing gold in its physical form to check the towering current account deficit.
Kotak Mahindra Bank Q3FY22 profit jumps 15 pc YoY to Rs 2,131 cr, NII grows 12 pc to Rs 4,334 cr
Jan 29, 2022, at 01:07 am
Mumbai/IBNS: Private sector lender Kotak Mahindra on Friday announced a standalone Profit After Tax (PAT) for Q3FY22 of Rs 2,131 crore, up 15 percent from Rs 1,854 crore for Q3FY21 and 4.87 percent increase from Rs 2,032 crore from the previous quarter.
Indian Rupee improves 3 paise against USD
Jan 28, 2022, at 10:54 pm
Mumbai/UNI: The Indian currency on Friday ended positive at 75.04, rising by 3 paise against the USD on selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.