MUMBAI: In a major rollback of its curbs on lending to non-bank finance companies, RBI on Tuesday lowered risk weights for bank credit to NBFCs and microfinance loans.A lower risk weight encourages lenders as they now need to set aside less capital as a buffer, increasing their lending capacity. In Nov 2023, RBI had raised…
NEW DELHI: The renewable energy sector is not just about clean energy – it’s also a powerful driver of economic growth. The renewable energy sector alone created over one million jobs here in India – 7% of the global renewable energy workforce.“This is just the start; new manufacturing and onshoring, supply chains particularly in sectors…
NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index…
Finance secretary Tuhin Kanta Pandey said the 2025-26 Budget has tried to push growth in a non-inflationary manner and has kept the promise of fiscal consolidation. In an interview to TOI,Pandey, who is also in charge of the revenue department, said the Budget has enabled all levers of growth to accelerate. Excepts:Do you think the…
The Budget proposals met with muted response from investors on Dalal Street during Saturday’s special trading session, although there were stock and sector specific movements. After some volatility during the FM’s Budget speech, the sensex and Nifty both treaded a steady path and closed barely changed. Sensex was up just five points at 77,506 points,…
The FM also announced that a person with an annual income of Rs 18 lakh will get a benefit of Rs 70,000 in tax while persons with an annual income of Rs 25 lakh will get a benefit of Rs 1,10,000 in tax. Union Finance Minister Nirmala Sitharaman‘s presentation of Budget 2025-26 on Saturday has…
NEW DELHI: Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, outlined an ambitious roadmap aimed at sustaining India’s rapid economic growth. The budget prioritizes agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports, positioning them as key drivers of job creation, self-reliance, and enhanced global competitiveness. A budget for growth and inclusion…
Union finance minister Nirmala Sitharaman presents Budget 2025. NEW DELHI: Union finance minister Nirmala Sitharaman on Saturday presented Budget 2025 in Lok Sabha with focus on ‘garib, youth, anndatqa and nari‘ (poor, youth, farmers and women).“In this Budget, the proposed development measures span 10 broad areas, continuing efforts to accelerate growth and provide inclusive development….
Anupam Mittal takes potshots at Shark Tank Pakistan. Indian entrepreneurs and investors Aman Gupta and Anupam Mittal, well-known for their roles on the popular show Shark Tank India, have expressed their support for the recently launched Shark Tank Pakistan. In a recent interview, Gupta and Mittal acknowledged the humour they find in certain aspects of…
NEW DELHI: The need to get back to 7-8% growth against the backdrop of global challenges, geopolitical tensions and to ensure that the country remains on track to reach developed nation status by 2047 dominated deliberations at a meeting of economists with PM Modi Tuesday.At pre-Budget consultations under the theme – ‘Maintaining India’s growth momentum…
