Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech on February 1, announced a modified Udaan Scheme to enhance regional air connectivity. The revamped scheme aims to add 120 new destinations across India, significantly expanding travel options for millions. Since its inception, the Udaan Scheme has facilitated over 1.5 crore middle-class travellers, operationalised 698 …
India’s foreign exchange reserves rose by $5.57 billion to $629.55 billion in the week ending January 24, 2025, following a previous decrease. Key components like foreign currency assets and gold reserves saw increases, the Reserve Bank of India data showed on Friday. Uptick in Forex Reserves India’s foreign exchange reserves saw an increase of $5.57 …
Finance Minister Nirmala Sitharaman, in her Budget speech on Saturday, February 1, 2025, announced that the fiscal deficit for the fiscal year 2025–26 is estimated to be 4.4% of India’s Gross Domestic Product (GDP). Sitharaman had previously stated that the government targets achieving a fiscal deficit of 4.5% in 2026–27. The government’s fiscal deficit represents …
The Department of Youth Affairs, Ministry of Youth Affairs and Sports, Government of India, is set to organise the BRICS Youth Council Entrepreneurship Working Group Meeting from March 3 to 7, 2025. Themed ‘Youth Entrepreneurship for Sustainable Growth,’ the meeting will witness participation from approximately 45 youth representatives from BRICS nations. Key Objectives of the …
For the first time since April 2010, India’s banking system has recorded a cash deficit of ₹3.3 lakh crore. This deficit, as measured by banks’ borrowings from the Reserve Bank of India (RBI), highlights a sharp contraction in systemic liquidity, raising concerns about borrowing costs and overall financial stability. Key Reasons Behind the Liquidity Crunch …
The Union Budget is one of the most closely watched events in India’s economic calendar. It has a significant influence on the country’s financial landscape, often sparking dramatic fluctuations in the stock market. Investors, analysts, and businesses eagerly await the government’s proposed measures to better understand how they might affect different sectors of the economy. …
India is on the verge of launching its own indigenous AI model—safe, secure, and tailored to meet the country’s unique needs. Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, made this announcement in New Delhi at Electronics Niketan. With this move, India is positioning itself as a reliable …
In recent years, India has emerged as a key player in the global investment landscape, with CEOs expressing strong confidence in the country’s economic future. As per PwC’s 28th Annual Global CEO Survey, India ranks among the top 5 countries for investment, joining the ranks of the US, UK, Germany, and China. The findings highlight …
The Finance Minister is all set to present the Union Budget 2025 on Saturday, February 1, 2025, and the Indian stock market will remain operational like a normal trading day. The market and various sectors are anticipating significant announcements in the upcoming budget. Expectations include tax reforms, housing benefits, enhancements to the healthcare sector, and …
The Indian rupee falls to an all-time low of 86.65 per dollar due to fears over US tariffs. As per news reports, while the RBI intervenes, concerns over foreign outflows and the upcoming federal budget add pressure. Asian Currencies Decline The dollar’s strengthening further pressured Asian currencies, including the rupee. Trump’s statements on imposing tariffs …
