Finance news

Finance Minister announces Rs 1.70 Lakh Crore relief package

Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus...

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Induslnd Bank statement on irresponsible rumours and speculation

In wake of the significantly higher level of market rumours and speculation around Induslnd Bank stock, we would like to reiterate that the Bank is financially strong, well-capitalized, profitable, and a growing entity with strong governance....

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NIFM to be renamed as Arun Jaitley National Institute of Financial Management

National Institute of Financial Management, Faridabad, to be renamed as Arun Jaitley National Institute of Financial Management The Government of India has decided to rename National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). NIFM, Faridabad, was set up in 1993 ...

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Funding NBFCs under Credit Guarantee Scheme

A number of steps have been taken since 2018 to ease the liquidity position of Non-Banking Financial Companies (NBFCs) and to increase credit flow. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today....

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Budget 2020 accords highest priority to development of North East

Hallmark of Union Budget 2020-21 is the highest priority it accorded to the overall development of North Eastern Region: Dr Jitendra Singh...

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2020-21 Union Budget: Fiscal Slippage But Little Stimulus

♦ The budget delivered credible numbers in terms of its fiscal deficit estimates, raising the deficit by 50bps this year and the next. The fiscal deficit was raised to 3.8% for 2019-20 and to 3.5% for 2020-21. The budget used up the 0.5% GDP leeway provided by the FRBM instead of sticking to the fiscal […]...

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100 more Airports to be developed by 2024 to support UDAAN Scheme

100 more Airports to be developed by 2024 to support UDAAN Scheme. Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km. Government to consider corporatizing at least one major port and its listing on stock exchanges...

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148 Km long Bengaluru Suburban Transport Project proposed

148 Km long Bengaluru Suburban Transport Project at a cost of Rs 18600 Crore proposed. A National Logistics Policy to create a single Window E-Logistics Market Proposal to Monetise at least 12 Lots of Highway Bundles of over 6000 Km before 2024.  Proposal to Set up large Solar Power Capacity Alongside Rail Tracks, on Railway’s La...

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Highlights of Economic Survey 2019-20 (Download Full Survey)

The epic treatise of modern economics, written by Adam Smith in 1776, was interestingly titled ‘An Inquiry into the Nature and Causes of the Wealth of Nations’. With India having become the fifth largest economy in the world in 2019 and aspiring to be the third largest by 2025, it is only befitting to go […]...

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Thalis are more Affordable for Common Person Now- Economic Survey

Affordability of Thalis vis-à-vis a day’s pay of a worker has improved over time, indicating improved welfare of the common person. The Economic Survey 2019-20 presented in Parliament today by the Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman states that affordability of vegetarian Thalis improved 29 per cent ...

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