Business

Finance Minister Nirmala Sitharaman will address the RBI’s central board on February 8 post-budget to coordinate fiscal and monetary strategies to boost GDP growth. The meeting, following the RBI’s monetary policy review, may include an interest rate cut to stimulate growth amid easing inflation. The Finance Minister stays on course for fiscal consolidation, reducing the…

Finance Minister Nirmala Sitharaman emphasized a sustained focus on capital expenditure and highlighted a significant rise of 10.23% compared to the revised estimate for 2024-25, amounting to over Rs 11.21 lakh crore. She also mentioned the government’s commitment to boosting consumption. Additionally, she stated that public expenditure on asset building has achieved a remarkable level,…

India’s core sector industries saw a 4% rise in output in December, driven by increased coal, steel, and electricity production, as per government data. These industries like coal, steel, and electricity make up 40.27% of the Index of Industrial Production. The growth rate of core industries indicates overall industrial growth. In December 2024, all sectors…

Finance Minister Nirmala Sitharaman stated that the tax rebate increase to Rs 12 lakh in the 2025-26 Budget will exempt around 1 crore more individuals from paying income tax, resulting in more money for people. The revised tax structure now allows those with a net taxable income of up to Rs 12 lakh to be…

The Indian automotive sector, contributing 7% to GDP, projects a 70% workforce increase in the latter half of FY25. A report by TeamLease Services notes an 8.5% net job growth fueled by rising interest in EVs, premium models, and tech-driven vehicles. Demand for specialists like robotics experts and software engineers is rising as companies boost…

The Economic Survey’s unveiling precedes Finance Minister Nirmala Sitharaman’s Budget presentation for 2025-26 in Parliament. The upcoming budget is expected to uphold the government’s growth-oriented policies. The survey emphasizes enhancing rural life for inclusive development, focusing on financial inclusion for rural households and small businesses through easier access to credit. The Budget is expected to…