Jaitley, who was the finance minister before a medical procedure led to the charge being temporarily taken away from him, missed presenting the sixth and final Budget of the Narendra Modi government before the general elections. In his absence, the charge of the ministry was given to Railways Minister Piyush Goyal.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
'It may take some time for them to get down to the details, such as the location and capacity.'
Among the new entrants to the Union cabinet, former Madhya Pradesh chief minister Shivraj Singh Chouhan has been given the agriculture and rural development portfolios, Bharatiya Janata Party president J P Nadda the health portfolio and former Haryana chief minister Manohar Lal Khattar the power portfolio.
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets was the highest in the category of loans up to Rs 200,000.
The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an official notification released on Monday. "The pre-Budget meetings as well as the meetings to discuss the revised estimates will start from October 12 and will continue till the second week of November," according to the Budget circular of the Department of Economic Affairs' Budget Division. The Union Budget is expected to be announced on February 1, as has been the practice of the past few years.
The next Census' findings will help identify the extent of India's ageing population and vulnerability levels.
The Narendra Modi government on Monday sprang a surprise when it appointed senior IAS officer Rajiv Mehrishi as Union home secretary in place of incumbent L C Goyal, who sought voluntary retirement after taking over the charge seven months ago.
Shivraj Patil will be the home minister, while Natwar Singh will be the next external affairs minister.
A businesswoman from Gujarat tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.
Manmohan Singh may be the best suited to take charge of the finance ministry after Mr Chidambaram's shift to the home ministry. The problem is that Dr Singh already has a full-time job.
The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.
The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.
Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.
A whopping 10 lakh notes were printed on defective currency paper from the Hoshangabad Security Paper Mill
Stuck projects to spring back to life with fresh lending; cut in end prices to benefit buyers.
She also holds the distinction of delivering the longest budget speech at two hours and forty minutes in 2020.
Tightening the procedure for official foreign visits by bureaucrats, the Centre has said that proposals for trips abroad should go through the Prime Minister Office and screening committee of secretaries for approval.
Amarinder would hold the portfolios of General Administration, Personnel, Home Affairs and Justice, Vigilance and other departments not assigned to any other minister.
The suspense over the possible composition of the National Democratic Alliance cabinet is nearly over.
Between April and August, it issued request seeking LoC against 147 individuals to prevent them from leaving the country, the bank said in response to a Right to Information query filed by Pune-based activist Vihar Durve.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
Markets would be keenly looking for fiscal deficit & subsidy figures and borrowing and divestment program.
The deportation of Indians from the United States, deaths in the Maha Kumbh stampede and the joint Parliamentary committee report on the Waqf bill were among the issues that led to heated exchanges and some disruptions in an otherwise smooth first part of the Budget session that ended on Thursday.
When former finance minister Palaniappan Chidambaram was arrested by the Enforcement Directorate in August 2019, it was considered by some as payback from Home Minister Amit Anilchandra Shah who likely held his predecessor in the home ministry responsible for his own arrest nine years earlier, in July 2010.
Nitin Desai, who has known Dr Singh from 1971, extends his 'deepest condolences to his wife Gurcharan Kaur and to his three talented daughters Upinder, the historian; Daman, the writer; and Amrit, the human rights activist.'
All FIPB records will now be digitised; old and unnecessary files will be weeded out
A large number of officials and support staff, who are directly associated with the Budget making and printing process, are now required to stay in the ministry and remain cut off from their families till the presentation of the Budget in the Lok Sabha.
All the Shiv Sena rebels who had resigned as ministers of the previous MVA government to join the Shinde camp were inducted into the new cabinet on Tuesday.
Speaking to ANI on Wednesday, Dehadrai said, "I have given my complaint to the CBI. This is a very serious issue and there are people from Odisha who are financing and supporting those against whom I have filed a complaint (to the CBI). This fight is a bit dangerous but I will not back down."
Manipur has been experiencing unrest on account of the people's unhappiness with the alleged misuse of the Armed Forces (Special Powers) Act. They are demanding that it be repealed.
Pawar said, "I will meet PM Narendra Modi on July 18. During the meeting, I will take up various issues related to farmers with him. (NCP leader) Praful Patel and I will attend the National Democratic Alliance (NDA) meeting."
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
Sources in the Delhi government said the ministry of home affairs has stopped the Kejriwal government's budget and it will not be tabled in the assembly on Tuesday.
Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
The panel was informed that the economic impact of the second wave of viral infection was "asynchronous in its onset and wider in its spread particularly in rural hinterland", a source said.
The NIA says the Jammu and Kashmir Affectees Relief Fund Trust has in the last10 years collected huge sums of money which has been diverted to Pakistan based militant groups. Vicky Nanjappa reports
Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.
The Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for financial technology/fintech (SRO-FT) companies, is aiming to secure membership from at least 75 per cent of players across all key fintech categories within the next three years, according to a senior executive. The total number of members in the organisation has increased to 110, up from around 60 when it received approval from the Reserve Bank of India (RBI) to operate as an SRO-FT in August.
