Interim Budget 2024 – Key Highlights and Impact on various sector

India’s Finance Minister Nirmala Sitharaman presented the much-anticipated Interim Budget, outlining the government’s spending plans. Overall Focus of the Budget :
• Meeting the needs and aspirations of the poor, women, youth, and farmers
• Making India a “Viksit Bharat” (Developed India) by 2047
• Focusing on “sabka sath, sabka vikas” (inclusive development)
• Prioritising “GDP” – Governance, Development, and Performance
• All-round, all-pervasive, and all-inclusive approach to development

Union Budget 2021- Budget at a glance, Key Takeaways & Highlights

The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m.
This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance. Several regulations around the securities market are proposed to be merged as a single code. Several direct taxes and indirect taxes amendments were also proposed.

COVID 19 and its Impact on Global as well as Indian Economy

Things are moving fast with the COVID-19 novel coronavirus. On March 12 WHO declared that the virus is now a pandemic and President Trump announced 30 day ban on all travel from EU to the US. If the virus spread continues the Analysts fear that the Global Economy may slip into recession. If the Economy slips into recession it will slip for two consecutive quarters i.e. six months period. The Supply chains are affected. Various sectors such as Chemical, Pharmaceutical, Service, Transportation, Tourism, Hospitality industry etc will badly impacted. Digital Banking and Online Shopping will increase.

Supreme Court lifts curbs on cryptocurrencies, junks RBI circular

he Supreme Court on Wednesday set aside the Reserve Bank of India’s (RBI’s) April 2018 circular asking banks and entities the central bank regulated to stay away from dealing in crypto currencies, including Bitcoin.
The judgment said the circular had been “set aside on the ground of proportionality”. This has given a major relief to exchanges dealing in these crypto currencies. It opens a window for developing a market for crypto currencies, which are formally traded in derivatives markets in the US, with CME allowing trade in them.

Consumer Protection Act, 2019 – Key Highlights

The new Consumer Protection Act proposes a slew of measures and tightens the existing rules to further safeguard consumer rights. Consumers can cheer as the Consumer Protection Act, 2019 has recently replaced the three-decade old Consumer Protection Act, 1986.

Big is beautiful: Merger of PSU general insurance companies to unleash economies of scale

The Union Government is planning for Merger/Consolidation of PSU General Insurance Co.

Relief for farmers and traders under Modi 2.0

In the first meeting of cabinet ministers after swearing in ceremony yesterday, the Modi 2.0 government approved a proposal to extend the benefit of Rs 6,000 per year under the PM-KISAN scheme to all farmers in the country.

Centre assigns new roles for top brass of erstwhile Vijaya Bank, Dena Bank

The Appointments Committee of the Cabinet (ACC) has approved a slew of proposals of the Department of Financial Services (DFS), providing new postings for the top brass of erstwhile Vijaya Bank and Dena Bank. While Karnam Sekar, MD & CEO of Dena Bank, has been appointed as the chief of Indian Overseas Bank (IOB), RA…

आयुष्मान भारत योजना(AYUSHMAN BHARAT YOJANA) या प्रधानमंत्री जन आरोग्य योजना (PRADHAN MANTRI JAN AROGYA YOJANA )

आयुष्मान भारत योजना(AYUSHMAN BHARAT YOJANA) या प्रधानमंत्री जन आरोग्य योजना (PRADHAN MANTRI JAN AROGYA YOJANA ) क्या है ? ————————————————————————————————– १.यह गरीबों के लिए 5 लाख का सालाना पूरे परिवार के लिए स्वास्थ्य बीमा है | २.इस योजना से 50 करोड़ (करीब 40% आबादी ) लोगो को फायदा पहुचाने का सरकार का उद्देश्य है| ३.इस…