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FM News

19 Oct 2024

FM Nirmala Sitharaman Invites Mexican Investment In GIFT-IFSC

FM Nirmala Sitharaman urged private sector leaders from both nations to drive forward this growing partnership, particularly in sectors like pharmaceuticals, MedTech, and digital innovation, to strengthen the economic ties between India and Mexico.

09 Sep 2024

LIC's New Business Premium Up 35 Per Cent To Rs 19,309 Crore In August

For the first five months of fiscal year 2025, LIC's individual premium segment accrued Rs 22,396.28 crore, marking an 11.75 per cent growth from Rs 20,041.36 crore during the same period in fiscal year 2024.

23 Jul 2024

Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised

Budget 2024: Long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent instead of 10.0 per cent.

23 Jul 2024

Budget 2024: Big Savings On Mobile Phones as FM Sitharaman Cuts Custom Duty

Budget 2024: Last year, the central government reduced import taxes on key components, such as camera lenses, to promote mobile phone manufacturing in India.

Econoimc Survey 2024

22 Jul 2024

Economic Survey 2024: Financial Outlook Bright, But Vulnerabilities Remain

As India embarks on the vision to become a developed country by 2047, financial intermediation costs must decline globally; the Survey prepared by Chief Economic Adviser V Anantha Nageswaran and his team said.

01 Feb 2024

Interim Budget 2024: Key Takeaways For Women From FM Sitharaman's Budget

The main objective of Mission Shakti (Sambal) is to improve the accessibility and various government initiatives towards the safety and protection of women, as well as to secure their rights and entitlements.

01 Feb 2024

Interim Budget 2024: Key Takeaways From FM Nirmala Sitharaman's Budget Speech

Over the next five years, the government plans to construct an additional 20 million affordable houses, supplementing the existing 30 million homes already built.

01 Feb 2024

Budget 2024: Rupee Rises 8 paise to 82.96 Against US Dollar

India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday.

01 Feb 2024

Budget 2024: FM Presents Rs 47.66 Lakh Cr Budget, 6% Higher Than FY24

The nominal GDP growth for the next financial year has been pegged at 10.5 percent against the 11 percent estimated earlier.

01 Feb 2024

Budget 2024: FM Proposes To Raise Capital Expenditure To Rs 11.11 Lakh Cr

The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls after which the new government will present a full budget in July.

01 Feb 2024

Budget 2024 Funny Memes: How People React on 'X', Check Here

There is a set of other people, who are mostly internet warriors, sharing their creative reactions to Budget 2024 on X (formerly Twitter).

budget 2024 india

01 Feb 2024

Fiscal Deficit For FY25 Pegged At 5.1% Of GDP Against 5.8% In Current Fiscal

Finance Minister Nirmala Sitharaman informed that the fiscal deficit in FY24 is expected at 5.8 per cent of GDP, down from 5.9 per cent estimated earlier.

05 May 2023

FM Permits 22 Finance Cos To Undertake Aadhaar-Based Verification Of Clients

These 22 financial companies include Godrej Finance, Amazon Pay (India) Pvt Ltd, Aditya Birla Housing Finance, Tata Motors Finance Solution, IIFL Finance and Mahindra Rural Housing Finance Ltd.

04 May 2023

Nirmala Sitharaman Congratulates Ajay Banga On Becoming World Bank President

The President of the World Bank Group is also the Chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD).

Nirmala Sitharaman

03 May 2023

FM Sitharaman Meets Japan Bank In Incheon, South Korea

FM Sitharaman is attending the 56th Annual General Meeting of the Board of Governors of the Asian Development Bank (ADB) in Incheon, a city in South Korea from May 2-5.

31 Mar 2023

Revised Loan Guarantee Scheme For MSME To Be Implemented From April 1

In Budget 2023-24, finance minister Nirmala Sitharaman announced the revamping of credit guarantee scheme for micro and small enterprises with effect from April 1, 2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs 2 lakh crore.

20 Feb 2023

Funds Deposited for NPS Cannot be Transferred to State Governments: Centre

Rajasthan chief minister Ashok Gehlot had earlier said that the employees of the state government cannot be left at the mercy of the share market where National Pension Scheme (NPS) funds are invested.

19 Feb 2023

No Special Assistance to Poor States will Increase Regional Disparities: Bihar

The special category status was introduced in 1969 to benefit certain backward states having hilly terrains, strategic international borders and economic and infrastructural backwardness.

union budget 2023

01 Feb 2023

Union Budget: FM provides Rs 35,000 Crore Outlay to Achieve Energy Transition

Union Budget 2023 News Update: Direct Benefit Transfer under pan India National Apprenticeship Promotion Scheme to be rolled out, to provide stipend support to 47 lakh youth in 3 years

union budget 2023

01 Feb 2023

Centres of AI Excellence, 100 Labs in Engineering Colleges for 5G Applications

Union Budget 2023: An individual with income of Rs 15 lakh will have to pay Rs 1.5 lakh tax, down from Rs 1.87 lakh under new tax structure

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