Government

Women SHGs will help create 30 million `Lakhpati Didis, says finance minister
02 Feb 2024
Buoyed by the success of the Women Self Help Groups (SHGs) across the country, the government has decided to set the goal higher and enhance the target for `Lakhpati Didis’ from 20 million to 30 million, finance minister Nirmala Sitaraman said while presenting the Interim Union Budget 2024-25 in Parliament.
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Interim Union Budget 2024–25: Key highlights
01 Feb 2024
Embodying the principles of ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas,’ Union Minister for Finance and Corporate Affairs, Nirmala Sithraman, unveiled the Interim Budget 2024–25 in Parliament, aligning with the ‘Sabka Prayas’ approach. Following are the key highlights of the Interim Union Budget 2024–25 discussed in the session.
India’s GST collection rises 10.4% to Rs1,72,129 cr in January
01 Feb 2024
Gross revenue collected by way of Goods and Services Tax (GST) in January 2024 stood at Rs1,72,129 crore, recording a 10.4 per cent year-o-year growth over the Rs155,922 crore collected in January 2023

Government reduces import duty on mobile phone components from 15% to 10%
31 Jan 2024
In a recent move to boost the export sector of India, the Ministry of Finance announced on Tuesday, 30th January, 2024, a reduction in the import duty on components used for mobile phone manufacturing.

Government reduces import duty on mobile phone components from 15% to 10%
31 Jan 2024
In a recent move to boost the export sector of India, the Ministry of Finance announced on Tuesday, 30th January, 2024, a reduction in the import duty on components used for mobile phone manufacturing.

Cabinet panel allows coal PSUs to set up 2 new thermal power projects
19 Jan 2024
The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal for equity investment by South Eastern Coalfields Limited (SECL) in a 1×660 MW thermal power plant
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Govt to build 6,000 km of EV-ready highways by 2030
11 Jan 2024
The government has proposed to build 6,000 km of highways that are ready for electric mobility over the next seven years, as part of the proposed Vision 2030 PM Public Transport Sewa projects.

India aims for $5 trillion economy by FY28, eyes $30 trillion by 2047: Finance Minister Sitharaman
10 Jan 2024
India’s Finance Minister Nirmala Sitharaman announced optimistic projections for India’s economic future at the Vibrant Gujarat Global Summit.

India aims for $5 trillion economy by FY28, eyes $30 trillion by 2047: Finance Minister Sitharaman
10 Jan 2024
India’s Finance Minister Nirmala Sitharaman announced optimistic projections for India’s economic future at the Vibrant Gujarat Global Summit.

EaseMyTrip suspends Maldives flight bookings amid diplomatic tensions
08 Jan 2024
In a bold move showcasing solidarity with India, EaseMyTrip has announced the suspension of all flight bookings to the Maldives.

India’s real GDP seen growing at 7.3% in the current fiscal
06 Jan 2024
India’s economy is expected to grow at a robust 7.3 per cent in the current financial year (April-March 2023-24) against the 7.2 per cent growth in the previous financial year (April-March 2022-23)

Monthly GST collection in April-December averages Rs1.66 lakh crore
04 Jan 2024
Revenue collection by way of Goods and Services Tax (GST) for December 2023 stood at Rs,164,882 crore, while gross GST collection for the first nine months of the current financial year
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Finance Ministry boosts the FAME-II scheme with an additional Rs 1,500 crore
03 Jan 2024
In a strategic move to further propel the adoption of electric vehicles (EVs) in India, the Union Finance Ministry has greenlit an additional allocation of Rs. 1,500 crore for the second phase of the Faster Adoption and Manufacture of Electric Vehicles (FAME-II) program.

Supreme Court grants SEBI 3 months for pending probes in Adani-Hindenburg case verdict
03 Jan 2024
In a significant ruling on Wednesday, 4 January 2023, the Supreme Court declared that there are no grounds to transfer the investigation of the Adani group of companies, as detailed in the Hindenburg report, away from the jurisdiction of the market regulator

Supreme Court grants SEBI 3 months for pending probes in Adani-Hindenburg case verdict
03 Jan 2024
In a significant ruling on Wednesday, 4 January 2023, the Supreme Court declared that there are no grounds to transfer the investigation of the Adani group of companies, as detailed in the Hindenburg report, away from the jurisdiction of the market regulator

The government allows female employees to nominate children for family pensions
02 Jan 2024
In a significant move, the Ministry of Personnel, Public Grievances, and Pensions announced on Tuesday, 2 January 2024, that female government servants or pensioners can now nominate their children for family pensions.
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Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
Sitharaman asks banks to review practices to improve performance
01 Jan 2024
Finance minister Nirmala Sitaraman has asked public sector banks to focus on healthy lending practices, so as to prevent bank frauds and wilful defaults, especially by corporate borrowers.
Centre appoints former NITI Aayog V-C Dr Arvind Panagariya as head of 16th Finance Commission
01 Jan 2024
Government of India on Sunday announced the constitution of the Sixteenth Finance Commission, with Arvind Panagariya, former vice chairman, NITI Aayog, and Columbia University professor, as its chairman.
Centre releases Rs72,961.21 cr more as tax devolution to states
22 Dec 2023
The central government has authorised the release of an additional installment of Rs72,961.21 crore to states as part of its devolution of tax.

LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.

The government contemplates the termination of the FAME subsidy for electric two-wheelers
18 Dec 2023
In a recent report by the Times of India (ToI), it has been indicated that the government is unlikely to continue subsidies for electric two-wheelers as the provisions for the same are set to expire in a few weeks.

ISRO Chief S. Somnath unveils future plans: Chandrayaan-4 mission and innovative robotic arm in the pipeline
15 Dec 2023
The Indian Space and Research Organization (ISRO) is embarking on an ambitious trajectory in space exploration, solidifying its position as a key player in the cosmos.
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Supreme Court upholds abrogation of Article 370 in J&K
12 Dec 2023
The Supreme Court has upheld the Indian Union government’s decision to revoke the special status enjoyed by Jammu and Kashmir; it has revoked Article 370, which was promulgated in 1949, after the first war with Pakistan over the control of this territory.

Govt extends date for fresh applications under PLI scheme for textiles till 31 December
09 Dec 2023
The central government has extended the last date for submitting fresh applications under the PLI scheme for textiles through an online portal to 31 December 2023.
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Hariman Sharma lets apple travel to India’s warmer climes
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The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

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Lighter than air, yet very, very powerful
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COP28 explained: A closer look at COP28's climate change solutions
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The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.

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