Nirmala Sitharaman to try balance fiscal needs of the economy

A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to thousands of Indians. The Finance Minister Nirmala Sitharaman performs a tightrope walk balancing... Read more »

Govt to create portal for marketing goods made by MSMEs and khadi industry

The government is working on launching a portal for marketing of goods made by MSMEs and khadi industry similar to the likes of Chinese e-commerce portal Alibaba and USA’s... Read more »

A peak into India’s first budget before independence

As we eagerly cross our calendars for tomorrow, let us learn about India’s first budget. The first budget in India, (then British India) was presented by Scotsman James Wilson. ... Read more »

India’s trade deficit widened in 3 years with 25 countries

India’s trade deficit, difference between imports and exports, has broadened during the past three years with as many as 25 major countries including South Korea, Japan, Germany, Iraq and... Read more »

Centre to shift regulation of housing finance firms from NHB to RBI, says report

The housing finance companies (HFC) will with most probability come under the regulatory jurisdiction of the Reserve Bank of India, reported Business Standard, citing sources. The sources, however, added that though... Read more »

Vijay Mallya relieved as London HC orders appeal against his extradition

In a huge relief to liquor baron Vijay Mallya, the Royal Court of Justice in London issued an order which allows the fugitive businessman to appeal against his extradition... Read more »

SEZ Amendment Bill 2019 to give a boost to economic activities and employment

The Special Economic Zones (Amendment) Bill 2019 – which was passed by the Parliament last week allowing “trusts or any entity” to set up units in the Special Economic... Read more »

Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report

The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), reported The Times of India. The scheme... Read more »

India to work on growth, is ready to borrow more says Economists

India’s government will rework the federal budget on Friday and revise its borrowing target slightly higher for this year and next, marred by a slowing economy and weak jobs... Read more »

Maharashtra rain claims 27 lives; 18 die in Mumbai wall collapse

 27 lives were lost in the rains in Maharashtra, including 18 in a wall collapse in Mumbai, while the authorities declared a holiday in Mumbai and adjoining regions, people were asked... Read more »