13 public sector banks in profit, claims Union Finance Minister

13 public sector banks in profit, claims Union Finance Minister

New Delhi: The measures taken by the government for the public sector banks reeling under the pressures of non-productive loans, have been implemented successfully as Union Finance Minister Nirmala Sitharaman claimed that 13 banks had declared profits in the first six months of this year. The Finance Minister gave this information after the meeting with […]

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The decline in the Indian economy worrisome, warns IMF

The decline in the Indian economy worrisome, warns IMF

New Delhi/Washington: Chief Economist of the International Monetary Fund (IMF), Geetha Gopinath, met Indian Prime Minister Narendra Modi and held talks. A few days ago, Geetha Gopinath had expressed concerns over the slowdown in the Indian economy. Citing regulatory uncertainty as one of the significant reasons in the slowdown of the Indian economy, Geetha Gopinath […]

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India will become a USD 5 trillion economy by 2024-2025  

India will become a USD 5 trillion economy by 2024-2025  

New York: Indian Finance Minister Nirmala Sitharaman expressed faith, “India can become a USD 5 trillion economy by the year 2024-25. It is challenging but realisable.” Finance Minister Sitharaman was speaking at a function organised by the renowned University of Columbia in the United States. Nirmala Sitharaman pointed out that the progress of the Indian […]

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Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

New Delhi: Union Finance Minister Nirmala Sitharaman,announced some important decisions, given the reduced economic growth rate and the stunted growth rates in certain sectors. Special announcements have been made to incentivise the export and housing sector. These include financial assistance of ₹500 billion for the export and ₹100 billion for the housing sector. The Union […]

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Indian Prime Minister Modi confident India set to become a $5 trillion economy by 2024

Indian Prime Minister Modi confident India set to become a $5 trillion economy by 2024

New Delhi: Prime Minister Narendra Modi expressed confidence, ‘Although the goal to make India, a $5 trillion economy, by 2024, is very challenging, it can be achieved if appropriate cooperation is received from the Indian states.’ In his inaugural address at the fifth meeting of the planning commission NITI Aayog, Prime Minister Modi appealed to […]

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Finance minister Arun Jaitley presents Budget for fiscal 2018-19

Finance minister Arun Jaitley presents Budget for fiscal 2018-19

New Delhi: Finance minister Arun Jaitley presented the budget that gave priority to agriculture, agriculture related industry and infrastructure development in rural India. The budget is trying to give impetus to the manufacturing sector and employment generation, said the Finance minister. At the same time the announcement of providing security of health insurance of 5 […]

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India has overcome adverse impact of Brexit: Finance Minister Jaitley

India has overcome adverse impact of Brexit: Finance Minister Jaitley

New Delhi (PTI) : Indian Finance Minister Arun Jaitley has said that overcoming the adverse impacts on the world economy post ‘Brexit’, India has proved its economical capacity. Finance Minister further expressed his trust in the Indian economy saying that at the global level India has come forward as the safest place to invest. Addressing the Lok Sabha Finance Minister Jaitley assured the House that RBI and SEBI, the regulatory authorities of the Indian banking sector and the stock market are taking proper precautions to keep the investments in India safe in the happenings post ‘Brexit’ and are constantly keeping an eye on the global […]

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Approval for shops, malls, cinema theatres to stay open 24 hours

Approval for shops, malls, cinema theatres to stay open 24 hours

New Delhi, 29th June – A model law that allows shops, malls, banks, cinema halls, restaurants and other retail establishments to operate round the clock throughout the year has received Cabinet assent. The law gives complete flexibility to establishments for their operation timings. “The Model Shops and Establishment (Regulation of Employment and Condition of Services) […]

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