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Searched Tag: nirmala sitharaman

Rahul Navin Takes Charge As Full-Time Head Of Enforcement Directorate.

Rahul Navin confirmed as ED chief for two years

August 14, 2024, 07:58 PM - 2 min read

Rahul Navin, who has been serving as the acting chief of the Enforcement Directorate (ED), has now been appointed as the full-time director of the agency for a tenure of two years.

JPC Inquiry Demanded By Congress in Adani Hindenburg Case.

Congress pushes for JPC inquiry into Adani Hindenburg claims

August 13, 2024, 06:29 PM - 2 min read

On Tuesday, the Congress intensified its call for a Joint Parliamentary Committee (JPC) inquiry into the ongoing controversy surrounding the Adani Group, Hindenburg Research's allegations, and the Securities and Exchange Board of India (SEBI). The party’s move comes in response to claims made by the US-based short seller Hindenburg and accusations against SEBI Chairperson Madhabi Buch.

Piyush Goyal Calls for Urgent Action on BIMSTEC Trade Deal.

India pushes BIMSTEC nations to finalise Trade Agreement

August 7, 2024, 05:03 PM - 2 min read

Commerce and Industry Minister Piyush Goyal has called for a reassessment of trade priorities among BIMSTEC nations to finalise the long-delayed Free Trade Agreement. Speaking at the inaugural BIMSTEC Business Summit, Goyal emphasised the need for member countries to address the reasons behind the delay and work towards a comprehensive agreement that reflects the interests of all seven nations.

Assam Chief Minister Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran perform the Bhumi pujan for the new semiconductor assembly facility at Jagiroad, marking a significant investment in the state's industrial future.

Tata's Bhumi Pujan marks start of Assam semiconductor plant

August 3, 2024, 05:57 PM - 2 min read

The project, spearheaded by Tata Sons Limited, is expected to pave the way for industrial development and job opportunities for the youth of Assam.

Fiscal Deficit Down as Revenue and RBI Dividend Increase.

Revenue boosts India’s fiscal deficit improvement in Q1 FY24

August 1, 2024, 05:56 PM - 2 min read

India's fiscal deficit showed a notable improvement in the first quarter of the current financial year, reflecting a decline compared to the same period last year. According to data released by the Finance Ministry, the fiscal deficit for April to June stood at 8.1 percent of the full year's estimate. This marks a significant drop from the 25.3 percent recorded in the same quarter of the previous year.

FM Nirmala Sitharaman Showcases Equitable State Funding in Budget Response.

FM Sitharaman defends Budget allocations amid oppn claims

July 30, 2024, 08:05 PM - 2 min read

Finance Minister Nirmala Sitharaman defended the Union Budget 2024-25 against opposition claims of discriminatory fund allocations. She emphasised that the mere omission of state names from her budget speech does not imply that states are ignored in fund distribution.

Delhi Leaders Decry Budget's Unequal Fund Distribution.

Atishi slams Centre over Budget allocation

July 25, 2024, 06:15 PM - 2 min read

Delhi Finance Minister Atishi has launched a sharp critique of the Union Budget for 2024-25, accusing the central government of neglecting the national capital. Atishi's remarks highlight a growing discontent over the allocation of funds, suggesting that Delhi has been unfairly treated in the budgetary provisions.

Gold And Silver Prices Drop By Rs 4000 After Duty Cut.

Rs 4000 drop in gold silver prices after Budget duty cut

July 23, 2024, 04:35 PM - 2 min read

Finance Minister Nirmala Sitharaman's announcement to cut customs duties on gold and silver has resulted in a notable drop in prices, providing significant relief to consumers. In her Budget 2024 speech, she declared the reduction of the import duty on these precious metals from 15% to 6%, a move expected to stimulate market demand.

FM Sitharaman’s Budget Speech Sparks 2% Nosedive in Stocks. Image for Representative Use Only.

Share market nosedives 2% while Budget speech by FM

July 23, 2024, 02:15 PM - 2 min read

The Indian stock market saw a dramatic decline following the presentation of the Union Budget 2024. The BSE Sensex fell by more than 1,150 points, and the NSE Nifty dropped below the 24,150 mark. As of 12:36 pm, the Sensex was down 1,178 points, or 1.46 percent, bringing it to 79,324 points.

FM Sitharaman allocates Rs 1.52L cr to support agriculture

July 23, 2024, 12:17 PM - 2 min read

Finance Minister Nirmala Sitharaman has announced a significant allocation of ₹1.52 lakh crore for the agriculture sector in the Union Budget 2024. This move is expected to boost rural demand, especially for automobiles like entry-level two-wheelers and tractors.

PM Modi's Vision Of 'Viksit Bharat' Is Within Reach Says HM Amit Shah.

Amit Shah praises Modi's economic policies after Survey

July 23, 2024, 10:39 AM - 2 min read

The recent Economic Survey 2023-24, presented in Parliament, has shown promising indicators for India's economic future, according to Union Home Minister Amit Shah. He remarked that the survey highlights Prime Minister Narendra Modi's vision of a Viksit Bharat, or a developed India, as an imminent possibility.

Sensex and Nifty Open Strong Ahead of Budget 2024.

Positive start for Sensex Nifty ahead of Budget 2024

July 23, 2024, 09:49 AM - 2 min read

The Indian share market opened positively ahead of the Union Budget 2024 presentation. The Sensex, which is a benchmark index for the Bombay Stock Exchange, was trading at 80,744 points. Similarly, the Nifty, which tracks the performance of 50 major companies listed on the National Stock Exchange, stood at 24,574 points at 9:15 am, according to market data.