Leveraging digital channels to strengthen agriculture, healthcare and education to drive India towards a USD 5 trillion economy is a welcome step by the government, HUL Chairman and Managing Director Sanjiv Mehta said on Monday while highlighting faster technology adoption post pandemic. While referring to the recent Union Budget, Mehta said ubiquity of technology and … Read more
Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by … Read more
The announcement of two key initiatives – the National Tele Mental Health Program (slated to be launched in April 2022) and a provision to create a complete Digital Health Ecosystem, which will comprise digital registries of health providers and patient records – is testimony to the government’s commitments towards standardizing access to healthcare. By Ms … Read more
The Reserve Bank of India (RBI) is likely to keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns. The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das … Read more
The Union budget presented by Finance Minister Nirmala Sitharaman is a very “thoughtful” policy agenda for India and puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisation, Managing Director of IMF Kristalina Georgieva has said. Finance Minister Sitharaman unveiled a Rs 39.45 lakh crore Budget on … Read more
Finance Minister Nirmala Sitharaman in her fourth budget speech announced that the Reserve Bank of India (RBI) will issue India’s own digital Rupee in Financial Year 2022-23. The digital Rupee is popularly known as Central Bank Digital Currency (CBDC). CBDC is the digital form of fiat currency that can be transacted using wallets based on … Read more
India’s budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit targets present in the Union budget 2022-23 by Finance Minister Nirmala Sitharaman on Tuesday “are a … Read more
Government bonds plummeted on Wednesday, with yield on the 10-year benchmark 6.54 per cent 2032 paper surging eight basis points to 6.91 per cent as traders rushed to dump stock after the Budget for the next financial year announced an all-time high borrowing programme. The Reserve Bank of India’ s decision to announce a two-day … Read more
Budget 2022 made no change to the existing income tax structure, leaving the common man and some other sections disappointed. There, however, were steps that could turn out to be a major boost for the economy as a whole, going forward. Some measures introduced in the Budget would make for good news to India’s investors, … Read more
Risk high inflation to go flat out for growth. That approach of the budget so enthused markets that the Nifty rose 237 points. It is a courageous gamble, but a gamble nevertheless, so keep your fingers crossed. Most budgets are about taxes, but this one makes only marginal tax changes. Tax stability is a virtue. … Read more