Finance news

HDFC Obtained the RBI Nod to hold stakes in Bandhan Bank

The Reserve Bank of India (RBI) granted its approval to HDFC Bank last week to acquire a share of maximum 9.9% of the Bandhan Bank paid-up capital, with effect from the date of the proposed amalgamation between the two entities. This was in reply to the earlier application made by HDFC to RBI (post the announcement of the proposed deal) t...

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Posted Under: Finance |

Legitimate action against corruption is not vendetta: Arun Jaitley

It has become a routine practice to call any action against corruption as political vendetta. Claim of vendetta has never been a legitimate defence in corruption. Those who commit such large acts of corruption have to be judged on the merits of the action itself....

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Posted Under: Finance |

The Budget for New India will energise the nation, says PM

Budget will empower the poor, give a boost to the farmer and an impetus to economic growth: PM 12 crore farmers and their families, 3 crores middle class taxpayers will be directly benefitted: PM Farmers having land under 5 acres will be greatly helped by the PM Kisan Nidhi Unorganised sector’s interests to be safeguarded more by the ...

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Posted Under: Finance |

FM: India now 6th largest economy in world with high growth

FM: India now 6th largest economy in the world with high growth  Fiscal deficit down to 3.4%; average inflation 4.6% FDI of USD 239 BN in five years Banks recover Rs 3 Lakh Crores in outstanding loans  Under the leadership of the Prime Minister,  Shri Narendra Modi, the country has witnessed its best phase of […]...

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Posted Under: Finance |

Government takes several measures to strenghthen MSMEs

Government takes several measures to strenghthen MSMEs  Gem platform extended to all CPSES Government undertakings to procure a fixed proportion of materials from women owned SMEs The Government has taken several measures to strengthen the Medium Small and Micro Enterprises (MSMEs). While a Scheme of sanctioning loans upto Rs. 1 crore in...

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Posted Under: Finance |

Rs. 1330 Crore provided in Budget 2019 for Women Protection & Empowerment

Rs. 1330 Crore provided in the Interim Budget 2019-20 for the Mission for Protection and Empowerment for Women  An amount of Rs.1330 Crore has been provided in the Interim Budget for 2019-20 for the Mission for Protection and Empowerment for Women. This is an increase of Rs. 174 Crore over the Revised Estimates of 2018-19 […]...

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Posted Under: Finance |

Fiscal deficit pegged at 3.4% of GDP for 2019-20

Fiscal Programme for 2019-20 and beyond  Fiscal deficit pegged at 3.4% of GDP for 2019-20 In 2019-20 be, total expenditure rises by 13.30% over 2018-19 re 35.6% increase in allocation for welfare of SCs, 28% for STs Disinvestment target of Rs. 90,000 Crore set for 2019-20  The Interim Budget 2019-20 has pegged the fiscal deficit for t...

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Posted Under: Finance |

Government proposes to launch mega pension yojana

Government proposes to launch mega pension yojana ‘Pradhan Mantri Shram-Yogi Maandhan’ for unorganised sector workers with monthly income upto Rs. 15,000; 10 Crore Labourers and workers in the sector to be benefitted  The Government proposes to launch a mega pension yojana namely ‘Pradhan Mantri Shram-Yogi Maandhan̵...

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Government allocates Rs. 64,587 Crore for Railways in 2019-20 

Government allocates Rs.64,587 Crore for Railways in 2019-20  Infra allocation for north eastern areas increased by 21% to Rs. 58,166 Crore in 2019-20  In the Interim Budget 2019-20, the Railways has been allocated Rs.64,587 crore.  The Railways’ overall capital expenditure programme is of Rs.1,58,658 crore.This was stated by the Uni...

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Posted Under: Finance |

Piyush Goyal made temporary finance minister

Union Minister Shri Piyush Goyal, temporarily assigned charges of Minister of Finance and Minister of Corporate Affairs in addition to his existing portfolios. President’s Secretariat PRESS COMMUNIQUÉ Posted On: 23 JAN 2019 The President of India, as advised by the Prime Minister, hereby directed that during the period of indisposi...

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