finance

NEW DELHI: On Thursday, Finance Minister Nirmala Sitharaman declared the government’s intention to instigate forward-looking reforms aimed at propelling the nation’s growth. She expressed the vision of witnessing unprecedented development and golden moments, with the ultimate goal of transforming India into a developed country (Viksit Bharat) by 2047. Sitharaman, while introducing the interim Budget 2024-25 […]

NEW DELHI: A day after NDTV relaunched its old business channel, NDTV Profit, among the bouquet of channels it already has, Mukesh Ambani’s Network18 group rolled out a series of digital advertisements across social media platforms, recounting the 25-year journey of CNBC TV18. The digital ad features their Managing Editor Shereen Bhan and Executive Editor […]

NEW DELHI: On Wednesday, the Cabinet approved ‘Terms of Reference’ (ToR) for the 16th Finance Commission. However, further updates are slated to arrive at a later date, according to government sources. Currently, it has been decided that the Commission will be functional for a period of five years from April 1, 2026 to 2031, whereupon […]

NEW DELHI: The Reserve Bank of India (RBI) decided to increase the risk weight by 25 per cent on consumer credit exposure of commercial banks as well as non banking finance companies (NBFC), on Thursday. Before the notification was made, the risk weight was slated at 100 per cent. However, following the development, it has […]