The Budget Session of Parliament resumed on Monday, 10 February 2025, and one of the most anticipated developments is the tabling of the new Income Tax Bill. Cleared by the Union Cabinet last week as per reports, the bill is expected to be introduced in the Lok Sabha soon. Even if it is not presented …
Odisha Chief Minister Mohan Charan Majhi disbursed ₹5,000 each to over 18 lakh women as part of the fourth phase of the Subhadra Yojana. The event took place in the Jajpur district, and a total of ₹900 crore was transferred directly to beneficiaries’ bank accounts through the Direct Benefit Transfer (DBT) system. Nearly 1 Crore …
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down from 6.5% to 6.25%. This move, announced on Friday (February 7, 2025), is likely to make loans, including home and auto loans, more affordable. Borrowers with loans linked to the repo rate are expected to benefit, …
India has reached a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy. This achievement marks a significant step toward realising the nation’s ambitious goal of 500 GW of non-fossil fuel-based energy capacity by 2030, as set by the NDA government. Unprecedented Growth …
In January 2025, Aadhaar holders conducted over 284 crore authentication transactions, underscoring the ongoing growth of India’s digital economy. This reflects the increasing importance of digital systems in the country. Growing Aadhar Authentication Transactions The number of authentication transactions in January 2025 saw a significant growth of more than 32% compared to January 2024, where …
On February 7, 2025, the Reserve Bank of India (RBI) announced a 25-basis point reduction in the repo rate. This decision aims to make borrowing cheaper, which can help boost economic growth. The cut is expected to bring down loan interest rates, benefiting homebuyers and other borrowers. The move comes amid a slowing economy, lower …
The Indian government has allocated a record-high budget of ₹2,703.67 crore for the fisheries sector in 2025-26. This marks a 3.3% increase from last year’s allocation of ₹2,616.44 crore. Out of this, ₹2,465 crore has been set aside for the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which is a 4.8% rise from the previous year’s …
OpenAI CEO Sam Altman, during his recent visit to New Delhi, praised India’s growing role in Artificial Intelligence (AI). He called India a major market for AI and highlighted its potential to become a global leader in the AI revolution. Altman acknowledged that India is OpenAI’s second-largest market and shared that the company had tripled …
In a key move, the Reserve Bank of India Monetary Policy Committee decided to reduce the repo rate by 25 basis points, bringing it down to 6.25% from 6.50%, while maintaining a ‘Neutral’ stance. Following this decision, Indian stock market indices remained range-bound, swinging between gains and losses. The Monetary Policy Committee meeting, chaired by …
The Indian Rupee is expected to register weekly losses, driven by Trump tariff concerns. However, as of 3:15 PM on February 7, 2025, the rupee gained some respite, with the USD/INR pair trading at 87.378, down 0.24% against its previous close. The pair has been on a rising trajectory throughout the week but managed to …
