Adani Enterprises calls off fully subscribed FPO, to return money to investors
New Delhi, Feb 2 (PTI) Adani Enterprises on Wednesday said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The announcement comes a day after the company’s FPO was subscribed fully on the last day of the offer on Tuesday. “The Board […]
Govt to borrow record Rs 15.4 lakh crore in FY24 to bridge revenue gap
New Delhi, Feb 1 (PTI) The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of Rs 14.21 lakh crore for the current financial year ending March 31, 2023. Finance Minister Nirmala […]
J&K gets Rs 35581 crore central assistance in Union budget
Srinagar, Feb 01: The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday. The budget documents reveal that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24. According to […]
Sitharaman announces new savings scheme for women with 7.5% fixed interest rate for 2 years
New Delhi, Feb 1 (PTI) Union Finance Minister Nirmala Sitharaman Wednesday announced a ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years. The deposit can be made in the name of a woman or a girl child. The maximum deposit amount has been kept at Rs 2 lakh […]
Fiscal deficit to be brought down to below 4.5 pc by 2025-26: FM
New Delhi, Feb 1 (PTI) Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal are budgeted at Rs 23.3 lakh crore and states would be allowed 3.5 per cent of GDP as fiscal deficit. […]
Rs 5.94 lakh crore allocated to Defence Ministry in Union Budget
New Delhi, Feb 1 (PTI) The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year’s allocation of Rs 5.25 lakh crore. In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday, a total of Rs 1.62 lakh crore has been set aside for capital expenditure that […]
Govt to revive 50 airports, heliports, water aerodromes, advanced landing grounds
New Delhi, Feb 1 (PTI) The government on Wednesday said 50 additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity in the country. The announcement was made by finance minister Nirmala Sitharaman while presenting the Union Budget for 2023-24. Over the past few years, the government has […]
FM announces Bharat Shared Repository of Inscriptions, Amrit Dharohar scheme for wetlands
New Delhi, Feb 1 (PTI) Bharat Shared Repository of Inscriptions will be set up in a digital epigraphy museum with the digitisation of one lakh ancient inscriptions in the first stage, Finance Minister Nirmala Sitharaman announced on Wednesday in her Budget speech. She also said that the Amrit Dharohar scheme will be implemented over the […]
India logs 111 Covid infections in a day, active cases increase to 1,783
New Delhi, Feb 1 (PTI) India’s COVID-19 tally rose by 111 in a day while active cases have increased to 1,783, according to the Union Health Ministry data updated on Wednesday. The death toll stands at 5,30,740 while the tally of Covid cases was recorded at 4.46 crore, the data updated at 8 am stated. The daily […]
Avalanche hits Afarwat Peak in Gulmarg; several feared trapped
Srinagar, Feb 1: Several foreign tourists are believed to be trapped in a massive snow avalanche triggered at Afarwat peak in famed ski-resort Gulmarg in north Kashmir’s Baramulla district, sources said. They said that the avalanche hit the region this afternoon. “Although the things are unclear as of now, it is believed that there are […]