BUSINESS
RBI vetting process for IDBI Bank stake sale in advanced stage, says Dipam Secy
The Centre, which owns a 45.48 percent stake, and LIC, with 49.24 percent, together plan to offload 60.7 percent of their holdings in in IDBI Bank
BUSINESS
Finance Secretary TV Somanathan confident nominal GDP growth is unlikely to be below 10.5%
Finance Minister kept the nominal growth target unchanged at 10.5% for 2024-25, finance secretary, TV Somanathan in an interview to Moneycontrol said he expects real growth between 6.5-7 % for FY 25
BUSINESS
Cannot become Viksit Bharat without taxing capital gains appropriately: Fin Secy Somanathan
In what may be indicative of the government's stance on the capital gains tax regime going ahead, Somanathan said, "earners of capital gains are not poor and we will keep taxing them at a decent rate."
ECONOMY-2
Govt allocates Rs 10,000 crore for a stabilisation fund in Budget
The Budget allocated a whopping Rs 10,000 cr for interventions and monitoring of prices of essential commodities-anticipating high food inflation
BUSINESS
MGNREGA gets a higher outlay of Rs 86,000 crore in Budget 2024-25
The flagship scheme for rural employment, MGNREGA has been allocated Rs86,000 cr , up from budget estimates of Rs 60,000 cr in 2023-24, same as the interim budget
BUSINESS
Budget keeps allocations for PM Kisan, Fasal Bima schemes unchanged despite focus on farm growth
Farm focused budget skips on increasing cash transfers to farmers
BUSINESS
Budget brings Kisan at centre stage with Rs 1.52 lakh crore agri allocation
Modi 3.0 increased allocation for agriculture and allied activities from Rs140533 in 2023-24 to Rs 1.52 lakh cr .
ECONOMY-2
Budget takes the jobs challenge head-on, companies can use CSR funds to hire interns
CSR funds for interns, one-time DBT salary benefit for newcomers and loan finance are among incentives announced by FM
BUSINESS
Understanding India from the Economic Survey 2023-24
Here are some highlights from the survey on India’s macro economy, capital expenditure, state finances, jobs, welfare, education and health
BUSINESS
Eco Survey: CEA flags geopolitics, rise of AI as key challenges for 'Viksit Bharat' and urges India Inc to step up
Highlighting the economic shocks, CEA Nageswaran stated that bad debts in the Indian banking system and high corporate indebtedness were one of the challenges, followed by the pandemic.
BUSINESS
MC Exclusive: With an eye on state elections, kisan and mahila could be focus for Budget 2024
A Rs 1,000 per month transfer to farmers, cash transfer for women below poverty line are likely focus areas for Modi 3.0's maiden budget
BUSINESS
Budget 2024-25: Gentle nudges over bold reforms. Politics over economics
The first budget of Modi 3.0 could have fresh PLIs, an excise duty cut, higher allocations for star schemes and greater onus on the states to drive sentiment on ground. The budget could play it safe while batting for the grass root economy.
BUSINESS
Budget 2024: Rs 40,000-crore PLI scheme likely for electronics sub-assemblies and components
However, finding companies to participate in the scheme will be a real challenge and the scheme will have to begin with joint ventures, including access to the Chinese ecosystem, sources said.
INDIA
FIR in Delhi Airport Terminal 1 collapse case in sensitive category, not declared heinous crime
The First Information Report filed against unknown persons has charges of negligence causing grievous hurt and death.
LOK-SABHA-ELECTION
NDA 3.0 banks on continuity and experience
As PM Modi makes his debut in navigating coalition politics, he has hit the ground running by keeping his A team intact
TECHNOLOGY
Private sector to match govt's Rs 10,000-crore investment in AI mission: Rajeev Chandrasekhar
The focus is not so much about creating foundation models but about use-cases that will take the power of AI to citizens directly, minister of state for electronics and information technology has said
BUSINESS
Poll time deepfakes, misinformation vindicate need of fact-check unit: Rajeev Chandrasekhar
In a year when many countries like the US, the UK and Germany are expected to have national elections, the Union Minister said democratic, open societies where free speech is protected by law will increasingly have to deal with the challenges of misinformation
PODCAST
UP Elections Decoded. Is there a Modi wave in UP? Political Economy
What will shape the UP Election? Is there a Modi wave in UP? Why the performance of Congress and BJP in the UP election will determine the future of Rahul Gandhi and Yogi Adityanath? Sharat Pradhan, political analyst explains that the Mahila factor is working for PM Modi.
PODCAST
Brand Modi Vs Brand Rahul- India’s two political brands decoded with Dilip Cherian | Political Economy
Brand Modi Vs Brand Rahul. The making of India’s two power brands. What makes Brand Modi invincible? What’s Rahul Gandhi’s branding mantra? Decoded with Branding guru Dilip Cherian.
BUSINESS
Exclusive: Full Budget 2024-25 is unlikely to have a divestment target
Sources tell Moneycontrol that not setting a divestment target is part of the government's larger strategy. Divestment is being considered on the basis of unlocking value with the interest of the minority shareholder in mind.
LOK-SABHA-ELECTION
Mr Kejriwal orchestrated timing of his own arrest, says BJP LS candidate Bansuri Swaraj
Delhi Lok Sabha election 2024: A political first-timer, Bansuri Swaraj is a chip off the old block. Undaunted by her opponent from the AAP, Swaraj, 40, is leaving nothing to chance. Running on three hours of sleep, she is betting on 'Modi Ki Guarantee' and her hard work.
POLITICS
An expensive wishlist: Congress manifesto promises can cost the exchequer Rs 15 lakh crore
The party’s promises include a legal guarantee for MSP and Rs 1 lakh per year to poor households among others. Experts call it an ambitious wishlist.
PODCAST
The need for labour reforms in India | Political Economy
Indian businesses continue to be mired in the bureaucracy of red tape. According to TeamLease RegTech, there are 6618 annual filings for companies and 62.233 compliances. In this episode of Political Economy, Rishi Agarwal of TeamLease RegTech shares that labour compliances make upto 40 percent of total compliances. Labour remains a politically contentious issue. Can the new government bite the bait on labour reforms that have been in a flux? Why labour reforms will be crucial to drive growth for India.
PODCAST
How India Votes with Surjit Bhalla | Political Economy
Surjit Bhalla in this episode of political economy with Shweta Punj talks about the factors that determine the Indian vote. The Indian voter, he said, is concerned about his life quality. How does this government make my life better? Issues like caste, religion don’t take precedence. Surjit Bhalla is expecting the BJP to achieve between 334 and 347 seats while INDIA alliance will get 165 seats.
