Economy

India’s recent Interim Budget stressed on environment-friendly development through the promotion of ‘blue economy’. Blue economy – It simply refer to economic activities related to the sea and the coasts with the element…

The Finance Minister recently presented fiscal consolidation projections that surpass expectations for the current financial year and Budget Estimates (BE) for the next year, despite the conservative tax buoyancy in…

The interim Budget, a ‘stop-gap’ arrangement, will be presented by Union Finance Minister of India on February 1 2024 as a full Budget will be presented in June-July. Definition – It…

The Reserve Bank of India (RBI) recently imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors. About Payments…

Recently, the Ministry of Finance released a report titled “Indian Economy – A Review” as Economic Survey was not be released at this time. The report ‘Indian Economy – A…

The National Financial Reporting Authority (NFRA) is going to inspect the Big Four audit firms as well as other top auditors of large listed entities in 2024. About National Financial…

The Union Finance Minister participated in the ‘Halwa Ceremony’ recently, a tradition observed before the annual budget presentation. About Halwa Ceremony: It is a tradition performed every year ahead of the…

Telecom service providers have urged the Ministry of Finance to suspend the universal service obligation fund (USOF) levy until the existing corpus is exhausted. About Universal Service Obligation Fund (USOF):…

REC Limited, a Maharatna and a Central Public Sector Enterprise (CPSE) under the Ministry of Power, has achieved a significant milestone by issuing its inaugural Japanese Yen (JPY) 61.1 billion…

The Finance Minister is all set to present her sixth Budget in a row and since it is a general elections year, the government will be allowed only to present…

India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. About the Windfall Tax: What…

Many academic studies have shown that momentum investing can generate high returns that comfortably beat the benchmark indices. About Momentum investing: It refers to a style of investing wherein investors purchase…

REC Ltd. recently announced its ambitious plan to increase its financial sanctioning in the infrastructure space, including roads and highways, to ₹1 lakh crore in the current financial year. About…

In a regulatory filing, LIC recently said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities. About the National…

Asset management company (AMC) PPFAS Mutual Fund recently filed for an open-ended dynamic asset allocation scheme with the capital market regulator, the Securities and Exchange Board of India (SEBI). About…

Real estate body NAREDCO recently said it plans to organise a builders’ conference in Ayodhya to tap its commercial and residential opportunities. About the National Real Estate Development Council (NAREDCO):…

NHPC has inked an initial pact to invest Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur in Gujarat. About the NHPC Limited: NHPC Limited…

Recently, the National Internet Exchange of India (NIXI) celebrated its 20th Foundation Day, reaffirming its unwavering dedication towards building India’s internet infrastructure. About the National Internet Exchange of India (NIXI): It…

Recently, the National Bank for Financing Infrastructure and Development (NaBFID) has raised ₹10,000 crores via the maiden issuance of listed bonds. About NaBFID: It was set up in 2021, by an Act…

The Reserve Bank of India recently imposed ₹20 lakh monetary penalty on Manappuram Finance for non-compliance with certain provisions of Non-Banking Financial Company (NBFC). About Non-Banking Financial Company (NBFC): An…