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Economy

July 24, 2024 10:33 PM

UK Foreign Secy Lammy calls on PM Modi, affirms commitment to enhancing bilateral ties

UK Secretary of State for Foreign Affairs David Lammy met with Indian Prime Minister Narendra Modi on Wednesday, marking a significant step in strengthening bilateral ties between the two nations. This visit, the first high-level engagement by the ne...

July 24, 2024 9:20 PM

Government boosts Northeast railway development with Rs 10,376 crore allocation

The Indian government has announced a significant investment of Rs 10,376 crore for railway development in the northeastern region, as revealed by Union Railway Minister Ashwini Vaishnaw during a press conference in Delhi on Wednesday. In addition t...

July 24, 2024 9:15 PM

Iraq resumes rice cultivation after two-year ban with new climate friendly strain

Iraq has resumed rice cultivation after a two-year ban prompted by water scarcity, and is testing out a strain of the grain that consumes less water than traditionally planted versions. Deputy Minister of Agriculture Mahdi Sahar al-Jubouri told Reut...

July 24, 2024 5:11 PM

Affordable Housing, Free Electricity, and Tax Benefits for the Middle Class

Finance Minister Nirmala Sitharaman unveiled the Union Budget for 2024-25 on Tuesday, aiming to cater to all societal segments, with a particular emphasis on the middle class. The budget introduces measures such as free electricity, affordable housin...

July 24, 2024 4:58 PM

Mudra loans limit doubled to Rs 20 lakh in huge boost to MSMEs

Finance Minister Nirmala Sitharaman on Tuesday while presenting the Union Budget 2024 increased the limit of MUDRA loans from Rs 10 lakh to Rs 20 lakh, this will be applicable for those who have availed and successfully repaid loans previously taken ...

July 24, 2024 4:28 PM

CrowdStrike says bug in quality control process led to botched update

A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday. Friday's ...

July 24, 2024 10:59 AM

Nifty, Sensex yet to cheer Union Budget, Stock markets open in red

Indian benchmark indices opened in negative territory as the Union budget proved to be a non-event for the market participants. The Sensex opened in red at 80,343.38, down 85.43 or 0.11 percent while the Nifty 40 opened in red at 24445.00, down 34 po...

July 24, 2024 10:12 AM

Rajya Sabha to hold general discussion on Union Budget, Jammu and Kashmir Budget

A general discussion on the Union Budget and the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be held in the Rajya Sabha later on Wednesday. Finance Minister Nirmala Sitharaman presented both the Union Budget a...

July 24, 2024 8:32 AM

USISPF President Mukesh Aghi terms India’s Budget 2024 as balanced one, focused on job creation

Commending India's Union Budget 2024, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, said that it is a pretty balanced budget focused on job creation. Aghi said that the focus of the budget is to bring the deficit from 5....

July 23, 2024 8:43 PM

Union Budget 2024: Ministry of Defence receives Rs 6.22 lakh crore allocation

The Ministry of Defence (MoD) has been allocated a record Rs 6.22 lakh crore in the Regular Union Budget for the Financial Year 2024-25, marking the highest allocation among all ministries. "While maintaining the allocation made to MoD during interi...

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