Amid ongoing conflict with Pakistan, Union Finance Minister Nirmala Sitharaman on Friday asked banks to remain fully alert to deal with any crisis, and noted that the country’s banking and financial system remains robust and resilient. Sitharaman made the remark during a high-level meeting with the managing directors and CEOs of public and private sector…
New Delhi: Finance minister Nirmala Sitharaman will lead the Indian delegation to the annual meeting of the board of governors of the Asian Development Bank (ADB), being held in Milan, Italy, from 4 May to 7 May, the ministry said in a statement on Sunday. During her visit, Sitharaman will hold bilateral meetings with her…
I, for one, am worried about where the world is headed. No, this is not only about markets or investments, but something bigger. The world order had largely been predictable in the post-World War II era of peace, with stable assumptions we all lived by, but now everything is suddenly up in the air. I…
A recent report by an investment bank says that the three biggest areas of focus on the economic-policy front for the Indian government right now are striking bilateral trade deals, stepping up investments in strategic industries such as semiconductors and reducing the burden of regulation on firms as well as citizens. The new Economic Survey…
The number of gig workers in India are growing, whether they are drivers of autorickshaws, taxis or bikes, or those engaged in the delivery of food or groceries, or others working for e-commerce companies. The surge in job opportunities for gig-workers across sectors has led to an increase in government initiatives for their welfare. Also…
The Bharatiya Janata Party (BJP) has accused Chief Minister MK Stalin-led DMK government in Tamil Nadu of spreading ‘baseless’ rumours about the three-language policy and delimitation to divert attention from the Enforcement Directorate (ED) raids on TASMAC and liquor-supplying companies. The allegations surfaced on a day when the DMK government presented the Tamil Nadu Budget…
In Budget 2025, Finance Minister Nirmala Sitharaman announced that taxpayers with income upto ₹12 lakh do not need to pay any income tax. Aside from this, salaried taxpayers will be entitled to take an additional benefit of no tax by virtue of ₹75,000 standard deduction. Notably, these changes will come into effect from April 1 2025, which means…
The Income Tax Act of 1961 has undergone innumerable amendments since its inception (4,000, as stated by the finance minister in Parliament). Historically, successive governments have used tax as an instrument to incentivize specific industries, promote investments in certain regions, or to encourage foreign exchange earnings. As a result, numerous provisions were added over the…
OSLO, Norway (AP) — Former NATO Secretary-General Jens Stoltenberg said Tuesday that he is returning to government in his native Norway as finance minister. Stoltenberg led NATO from 2014, until he handed over to current Secretary-General Mark Rutte at the beginning of October. Before leading NATO, Stoltenberg was Norway’s prime minister. His term at NATO…
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, opened lower on Monday due to US President Donald Trump’s tariffs on China, Canada, and Mexico. The Nifty 50 index fell by 0.9% to 23,271.35, while the Sensex dropped 600 points in the opening session to 76,910, a decline of 0.8%. Analysts observed that…
