Finance Bill 2023 passed in Lok Sabha: Without debate, the Lok Sabha passed the Finance Bill 2023, which implements tax proposals for the upcoming fiscal year. The passage of the Bill occurred amid Opposition uproar over the Adani controversy. More About The Finance Bill 2023: The Bill includes proposals for 64 official amendments, including one […]
Indian economy to grow at 7%; inflation set to moderate: Finance Ministry– Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry said on Monday. March 2023 Current Affairs
Indian economy to grow at 7%; inflation set to moderate: Finance Ministry Read More »
Pakistan receives $700 mln funds from China: Ishaq Dar, Pakistan’s Finance Minister, announced that his country has received $700 million from the China Development Bank. The deposit comes as Pakistan has been struggling with its external debt and has barely enough dollars to cover less than three weeks’ worth of imports. Finance Minister Ishaq Dar
FM Nirmala Sitharaman presented Budget 2023-24: Finance Minister, Nirmala Sitharaman presented Union Budget for 2023-24 in Parliament on 1st Feb 2023. Seven priorities: Inclusive development, Reaching the last mile, Infrastructure and investment, Unleashing the potential, Green growth, Youth power, and financial sector. The main highlight of the budget was the five major announcements related to personal income tax,
Reliance Jio launches 5G in Andhra Pradesh with Rs 6,500-cr investment: In Andhra Pradesh, Reliance Jio announced the availability of its True 5G services. In the districts of Tirumala, Visakhapatnam, Vijayawada, and Guntur, 5G services have begun to be offered. Apart from their existing investment of Rs 26,000 crore, additionally Jio has invested over Rs
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India govt invest over Rs 5,000 cr more in SWAMIH Investment Fund : The government of India has invested about ₹5,000 crore in the SWAMIH Investment Fund I and marking its final close at ₹15,530 crore. The last-mile financing platform Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), set up under the
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REC, PFC sign with STPL to finance Buxar Thermal Power Plant : REC Limited and Power Finance Corporation Limited (PFC) have signed an MoU with SJVN Thermal Private Ltd (STPL). October 2022 Current Affairs Quiz Aim: To finance the 2×660 MW coal based Buxar Thermal Power Plant (BTPP). The total estimated project cost is ₹12,172.74 crores, with debt requirement of ₹8520.92 crores.
REC, PFC sign with STPL to finance Buxar Thermal Power Plant Read More »
IPPB, RBIH join hands for financial products and services : India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have joined hands to enhance the reach of financial solutions to large sections of society across India. October 2022 Current Affairs Quiz Under the arrangement, both will plan, design and execute innovative products to bridge the gap by bringing digitalised services at
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Finance ministry releases Rs 1,764 crore grant to four states : Ministry of Finance released an amount of one thousand 764 crore to four States for providing grants to Million Plus Urban Cities. Of the total amount, 136 crore rupees was released to Andhra Pradesh, 109 crore rupees to Chhattisgarh, 799 crore rupees to Maharashtra and
Finance ministry releases Rs 1,764 crore grant to four states Read More »
IDBI Bank partners Vayana Network on supply chain finance : IDBI Bank has signed an MoU with Vayana Network for end-to-end digitalization services. October 2022 Current Affairs Quiz Aim: To contribute in the growth of the supply chain finance penetration in India, which is less than 1% of gross domestic product (GDP) and contributes only 5% of the outstanding
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