PSU banks to benefit from treasury gains on lower fiscal deficit
New Delhi, Feb 1 - A lower fiscal deficit versus estimated is likely to raise government bond prices and a treasury gain is very likely for the public sector banks, LKP Securities said in a report on sectoral impact of Interim Budget 2024.
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25
New Delhi, Feb 1 - The interim budget for the fiscal year 2024-25 has suggested a substantial reduction in budgetary allocations for the Ministry of Civil Aviation.
Interim Budget to have significant positive impact in NE region: FICCI, NE Council
Guwahati, Feb 1 - The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being.
Top realtors hail Interim Budget as ‘inclusive growth oriented & visionary’
Mumbai, Feb 1 - Top realty developers and builders here on Thursday have lauded the Interim Budget 2024-2025 as 'visionary' and 'inclusive growth oriented' with sustainable development intended to transform India.
Paytm merchants not impacted by RBI directive; here’s what merchants need to know
New Delhi, Feb 1 - Paytm merchants need not worry following Reserve Bank of India's (RBI) direction to its associate bank as Paytm Soundbox, QR, EDC machines will keep working as usual, and merchants will still be able to accept payments.
97.5% of Rs 2,000 banknotes returned: RBI
Mumbai, Feb 1 - The total value of Rs 2,000 banknotes in circulation, has declined to Rs 8,897 crore at the close of business on January 31, 2024.
Total outlay in Interim Budget hiked by Rs 2.76 lakh crore
New Delhi, Feb 1 - The Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman provides for a total expenditure estimated at Rs 47.66 lakh crore which is an increase of Rs 2.76 lakh crore compared to the revised estimate of the 2023-24
Sensex zooms 1200 points, Nifty crosses 22k after Interim Budget
New Delhi, Feb 2 - BSE Sensex has now zoomed more than 1200 points on Friday as markets absorb the Interim Budget 2024-25.
Yogi govt achieves 60% increase in revenue in Jan
Lucknow, Feb 2 - In a major accomplishment, the Uttar Pradesh government has achieved 60 per cent increase in its revenue in the month of January 2024 compared to the revenue generated in the corresponding period last year, the data of revenue receipts
Sensex up by more than 700 points a day after Interim Budget
New Delhi, Feb 2 - BSE Sensex jumped more than 700 points to cross the 72k mark on Friday, a day after the presentation of the Interim Budget 2024-25.
Uttar Pradesh, Bihar to get lion share of Centre’s tax revenue
Chennai, Feb 1 - Uttar Pradesh will get the highest share of the Union tax and duties at a whopping Rs 2,18,86.84 crore in 2024-25.
Interim Budget: Delhi Police allocated Rs 11,397.98 crore
Chennai, Feb 1 - Come March, it is curtains for the Faster Adoption and Manufacturing of Electric Vehicles in India-II (FAME-II) subsidy scheme for the purchase of electric vehicles (EVs) it seems.
Bihar, Jharkhand, Chhattisgarh, Odisha & Bengal to be engines of growth: Sitharaman
New Delhi, Feb 1 - Finance Minister Nirmala Sitharaman said on Thursday that the eastern region comprising Bihar, Jharkhand, Chhattisgarh, Odisha and West Bengal will become the engines of growth for achieving a 'Viksit Bharat' in the future.
Meta purged over 26mn bad pieces of content on FB, Insta in India in Dec 2023
New Delhi, Feb 1 - Meta said that it took down over 19.8 million pieces of content across 13 policies for Facebook and over 6.2 million pieces of content across 12 policies for Instagram in India in December 2023.
Govt extends tax rebate scheme for garments’ export by 2 years
New Delhi, Feb 1 - The Union Cabinet haired by Prime Minister Narendra Modi on Thursday approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of apparel/garments and made-ups up to March 31, 2026.
Cabinet approves extension of sugar subsidy scheme for poor by 2 years
New Delhi, Feb 1 - The Union Cabinet chaired by Prime Minister Narender Modi on Thursday approved the extension of the sugar subsidy scheme for Antyodya Anna Yojna (AAY) families distributed through the Public Distribution Scheme (PDS) for two more years till March
Governance, Development, Performance is govt’s ‘GDP’ mantra for growth: Sitharaman
New Delhi, Feb 1 - Union Finance Minister Nirmala Sitharaman on Thursday said that Governance, Development and Performance is the new 'GDP' formula that the government has adopted to steer the country to a 'Viksit Bharat' (Developed India).
Sensex ends in red on Interim Budget day
Mumbai, Feb 1 - The domestic market was marginally disappointed by lower than expected infra spending in the Interim Budget, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.
SpiceJet commences flight operations from Ayodhya
New Delhi, Feb 1 - Civil Aviation Minister Jyotiraditya Scindia and Uttar Pradesh Chief Minister Yogi Adityanath on Thursday virtually flagged off a SpiceJet flight from Ayodhya as the airline commenced its operations from the UP city to seven domestic destinations through non-stop
It’s transformative Viksit Bharat Budget: Pralhad Joshi
Bengaluru, Feb 1 - Union Minister for Mine, Coal and Parliamentary Affairs Pralhad Joshi, praising the union budget on Thursday said that it is a transformative Viksit Bharat Budget.