Author: vali

AICC teams to start conducting review of party’s below par performance in LS polls in Karnataka, Telangana; V-P Dhankhar to address joint sitting of Maharashtra Legislature. Back from his visit to Russia and Austria, Prime Minister Narendra Modi is holding a meeting with leading economists Thursday to discuss the Union Budget 2024-25 that will be presented by Finance Minister Nirmala Sitharaman in Parliament on July 23. This will be the first Budget of the Modi-led government in its third term. According to a senior government official, economists, industry experts and Niti Aayog vice-chairman Suman Bery will discuss fiscal strategies and…

The bank stock soared to a 52-week high of Rs 263 in January 2024 but then tumbled over 22%, closing at Rs 204 in July. Despite briefly dipping to Rs 170 in April, the stock rebounded and now sits above its 50-day moving average. One of the top private sector banks in India, Bandhan Bank, witnessed a 20% decline in share price following the announcement by CEO Chandra Shekhar Ghosh that he would be retiring in July. Ghosh has overseen the bank’s operations for almost nine years and became the leader of the company on July 10, 2015. The announcement of…

Synopsis: CNG Price Hiked By Rs 1.50 Per Kg In Mumbai, Piped Cooking Gas Price Also Increased By Rs 1 Per SCM.The Mahanagar Gas Limited said the price rise is effective in Mumbai and its surrounding areas from July 9. In a major development, the Mahanagar Gas Limited (MGL) on Tuesday hiked the prices of compressed natural gas (CNG) by Rs 1.50 per kg to Rs 75 per kg in Mumbai. Apart from this, the prices of domestic piped cooking gas (PNG) are also increased by Rs 1 per standard cubic metre (SCM), to Rs 48/SCM. The Mahanagar Gas Limited…

Synopsis: Chief among Naidu’s priorities was the Polavaram Project, a significant national irrigation initiative essential for Andhra Pradesh’s agricultural sector, as he pushed for expedited support in commissioning this crucial project. Naidu’s Spent 2 Days in Meeting With a long wishlist for his state, Andhra Pradesh Chief Minister Chandrababu Naidu spent two days in the nation’s capital meeting Prime Minister Narendra Modi, Union Home Minister Amit Shah as well as several Cabinet ministers.After securing a strong victory in the recent assembly elections and becoming the second-largest NDA constituent in the Lok Sabha, this marks the first instance where Naidu will…

Synopsis:The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls. Karnataka Boosts Economic Ties with Korean Firms The Karnataka government engaged in discussion with the major Korean companies to reinforce the state’s economic landscape across gaming, FMCG, and automotive sectors.The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls.During the meeting, YG-1…

ICICI Bank on Tuesday launched its ‘Student Sapphiro Forex Card’, a premium forex prepaid card crafted specifically for students who are going abroad for higher education.The card, powered by Visa, provides exclusive benefits and convenience to students as well as their parents to manage education related expenses abroad such as admission fees, course-related fees and other day-to-day expenses including travel, dining and groceries, among others, ICICI Bank said in a release. Card has no cross-currency mark-up charge The card offers the freedom of loading and transacting in 15 currencies, without any cross-currency mark-up charge being levied by the bank, allowing…

Since the February directive by the RBI, only a few banks have gone live on the BBPS interface and some of the banks with the highest number of credit card users are yet to adopt the new system. This has led to concerns that card users who clear their bills through fintech platforms may face. Four months after the RBI directed that credit card bill payments should be processed on the Bharat Bill Payment Service (BBPS) interface, only a few banks have gone live on it. Kunal Pande looks at the reasons behind their reluctance and how this will impact…

Maharashtra continues its dominance as the largest contributor to India’s GDP, accounting for 13.9% of the national total, outpacing TN, which stands at 8.7%. Maharashtra economy expected to grow at 7.6%,dropped from 9.4% in 2022-23 Maharashtra’s economy is projected to grow by 7.6% in the 2023-24 financial year, matching the growth rate of the Indian economy as a whole, according to the state’s latest economic survey. Maharashtra’s GDP Dominance The report, released on Thursday, highlights Maharashtra’s continued dominance as the largest contributor to India’s GDP, accounting for 13.9% of the national total. This figure significantly outpaces the second-highest contributor, Tamil…

Allocation to development Will focus on agriculture continue? In the interim Budget speech in February, Finance Minister Nirmala Sitharaman emphasized that the welfare of farmers, the ‘annadatha,’ remains the highest priority for the central government. Sitharaman stated that empowering farmers and ensuring their well-being is crucial for driving the country forward. All eyes are now on the upcoming Budget in July. The key question is will schemes and allocation continue to have the farm first focus? The interim Budget allocated ₹1,17,528.79 crore to the Agriculture Ministry, marking an increase of ₹1,997 crore or 1.70% from the previous Budget. The revised estimates for…