Economy and Finance

The budget projects savings of up to Rs 15,000 to 18,000 annually for households from free solar electricity and selling the surplus to distribution companies.

"Indian economy witnessed profound positive transformation in the last 10 years," said Sitharaman, while presenting Budget 2024 in the Parliament

The Indian economy under Prime Minister Narendra Modi has witnessed a profound transformation in the last 10 years when the government took several pro-people reforms that were structural, Union Finance Minister Nirmala Sitharaman said on Thursday, as she rose to present the interim Budget for 2024-25. 

The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls. A full budget will be presented by the new government.

RBI has said that Paytm Payments Bank will not be allowed to do any deposits or credit transactions or top ups after 29th February

The Indian rupee (INR, ₹) held steady against the U.S. dollar in 2023, depreciating just 0.5% to end the year at 83.17 per USD. Notably, the Chinese yuan and the Korean won, currencies of current account surplus nations, depreciated by nearly 3%.

The strong inflow of funds from foreign portfolio investors (FPIs) lately also supported the stocks to march towards all-time highs.

As per the estimates, by the end of the year, the total expenditure by tourists in the state could surpass the Rs 4 lakh crore mark.  

Sony Group has claimed that the closing conditions for the deal have not been met by ZEE and citing this reason it called off the merger deal worth $ 10 billion. 

Prime Minister Narendra Modi on Friday inaugurated a new state-of-the-art Boeing India Engineering and Technology Center (BIETC) campus in Bengaluru.