Category: Business

Business

Will the FY26 Budget reverse the decline in social sector spending?

January 29, 2025 admin

Village women work under MGNREGA scheme at Jagannath Prasad village in Odisha | Photo Credit: Gerra Madhusudan 10751@Chennai The share of the Union Budget allocated for the social sector has declined rapidly in recent years. Data show that the outlays to most schemes under the rural development, education, health, and social welfare heads have either…

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The Budget pipeline and India’s foreign policy ambitions

January 28, 2025 admin

‘The budget for the Ministry of External Affair deserves closer scrutiny’ | Photo Credit: The Hindu When the Union Budget is presented every year, most of the public attention often centres on taxation, infrastructure, and defence. In this, however, the budget for India’s Ministry of External Affairs (MEA) deserves closer scrutiny. Last year, the MEA…

Business

Share of Central release under National Health Mission seen 185% growth since 2014: Nadda

January 28, 2025 admin

Union Minister of Health and Family Welfare J.P. Nadda. | Photo Credit: ANI Health is a priority area and finance for this sector has never been an issue for the various programmes run by the Centre, said Health Minister J.P. Nadda on Tuesday (January 28, 2025) ahead of the Union Budget announcement scheduled for Saturday. The…

Business

Women’s organisations seek focus on increasing female workforce participation in Union budget

January 28, 2025 admin

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Women’s organisations and civil society members feel that increasing female workforce participation through employment-linked incentives, flexible work hours, and providing supportive infrastructure, including work site creches, should be a priority of the government in the upcoming Union budget. Even as the women’s groups lauded…

Business

Rupee falls 25 paise to close at 86.56 against U.S. dollar

January 28, 2025 admin

FIIs sold equities worth ₹5,015.46 crore net on January 27, 2025, according to exchange data. File Photo: S.R. Raghunathan/The Hindu The rupee depreciated 25 paise to close at 86.56 (provisional) against the U.S. dollar on Tuesday (January 28, 2025), as global risk sentiments were dampened amid tariff threats by the U.S. President Donald Trump. …

Business

Stock markets recover after two days of fall; banking shares lead gains

January 28, 2025 admin

Sun Pharmaceutical, Larsen & Toubro, ITC, HCL Technologies, NTPC, Power Grid, Nestle India, Tata Consultancy Services, and Asian Paints were among the laggards. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty rebounded on Tuesday (January 28, 2025) after two straight days of steep decline driven by intense buying in banking and rate-sensitive…

Business

Union Budget 2025: When and where to watch Finance Minister Nirmala Sitharaman’s presentation?

January 28, 2025 admin

Union Finance Minister Nirmala Sitharaman | Photo Credit: PTI Finance Minister Nirmala Sitharaman will present the Union Budget for the upcoming year on Saturday, February 1, 2025. The first part of the Budget session will begin on January 31 and conclude on February 13, 2025. The second part will begin on March 10 and end…

Business

Markets rally in early trade amid heavy buying in banking stocks

January 28, 2025 admin

Representational image of the bull statue at the Bombay Stock Exchange building, in Mumbai | Photo Credit: PTI Equity benchmark indices, Sensex and Nifty began the trade on an optimistic note on Tuesday (January 28, 2025), mainly due to heavy buying in banking stocks after the Reserve Bank of India announced measures to inject liquidity…

Business

Federal Bank Q3 PAT slides 5% to ₹955 crore

January 28, 2025 admin

Federal Bank Ltd for the third quarter ended December 31, 2024 reported 5% drop in net profit at ₹955.44 crore as compared with ₹1,007 crore in the year ago period. Net Interest Income (NII) of the bank for the quarter grew 14.5% Year on Year (YoY) to ₹2,431.34 crore. Gross NPA has reduced to ₹4,553.31…

Business

RBI Governor asks banks to have robust systems to curb digital frauds

January 27, 2025 admin

Reserve Bank of India (RBI) Governor Sanjay Malhotra. | Photo Credit: Reuters Flagging the rising digital frauds, RBI Governor Sanjay Malhotra on Monday urged banks to put in place robust and proactive systems to curb such misdoings as well as enhance their oversight of third-party service providers to mitigate the risks. Mr. Malhotra along with…

Business