Business News Updates

The RBI on Wednesday ordered Paytm to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024, effectively crippling the company’s business.

She said that earlier, social justice was mostly a "political slogan". For this government, social justice is an effective and necessary governance model, Sitharaman said.

Presenting the interim Budget 2024-25, she said 30 crore Mudra Yojana loans have been given to women entrepreneurs.

“The aviation sector has been galvanised in the last 10 years and the number of airports have doubled to 114,” said the Finance Minister.

According to Sitharaman, the next five years will be years of unprecedented development, and golden moments to realise the dream of developed India @ 2047.

The carmaker has also shared details of the diesel engine that will power the upcoming SUV. The Curvv will be powered by a 1.5-litre, 4-cylinder diesel engine that produces 113 BHP @ 3,750 rpm and 260 Nm @ 1,500-2,750 rpm. The engine will be paired with a 6-speed manual gearbox.

The Interim Budget has also created a corpus of Rs 1 lakh crore for a 50-year interest-free loan for the farm sector.

The Finance Minister informed that a corpus of Rs 1 lakh crore will be established with 50-year interest-free loan. 

The over 7 per cent growth momentum in the economy has resulted in buoyancy in tax collections that gives the Finance Minister sufficient headroom to keep the fiscal deficit in check and push economic growth with stability.

This three-day extravaganza, scheduled to run until February 3, is set to showcase the prowess of the Indian automotive industry on a global scale.

Peppered with political innuendos, her sixth straight Budget may present a political document with a snapshot of the Modi government's triumphs over the last 10 years and pointers to how it wants to take the country forward.

The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors.

The finance ministry said in a notification that the import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10 per cent.

Union Finance Minister Nirmala Sitharaman is all set to present her sixth and this government’s final budget ahead of the elections for the fiscal year 2024-25 on February 1. 

The incident involving the IndiGo Delhi-Baku flight 6E 1803, is said to have occurred on January 28 evening.