New Delhi: Finance Minister Nirmala Sitharaman Sunday said individual persons residing outside India (PROI) will be permitted equity investments in listed Indian companies through a portfolio investment scheme. She also proposed raising investment limit for PROIs to 10 per cent from 5 per cent. The...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for Biopharma Shakti programme over the next five years. Presenting the Union Budget, she said, "I propose to launch a scheme to support states...
New Delhi: Finance Minister Nirmala Sitharaman Sunday announced setting up of one girls' hostel in every district of the country. There are over 700 districts in the country. She also proposed a loan-linked capital subsidy support scheme for veterinary colleges, hospitals, and diagnostics laboratories. The...
New Delhi: The government Sunday announced Rs 20,000 crore outlay for Carbon Capture Utilisation and Storage technologies, and proposed customs duty exemptions to encourage investment in nuclear power and battery energy storage to boost non-fossil fuel-based energy generation. Carbon Capture Utilisation and Storage (CCUS) technologies...
New Delhi: Finance Minister Nirmala Sitharaman Sunday said the target for capex will be raised to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal year and announced a slew of measures to boost infrastructure in the country....
New Delhi: Finance Minister Nirmala Sitharaman Sunday announced that the Self-Reliant India Fund will be topped up by Rs 4,000 crore in 2026-27 to support micro, small and medium enterprises (MSMEs). The fund was announced in 2023 to infuse Rs 50,000 crore in equity funding...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to set up a Rs 10,000 crore fund to create champion small and medium enterprises (SMEs) to boost the economy. Presenting Union Budget 2026-27, she also proposed a scheme for container manufacturing to create a globally competitive...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to increase the outlay on electronics manufacturing to Rs 40,000 crore in the 2026-27 fiscal year. Presenting the Union Budget for 2026-27, she said high-tech tool rooms will be established at two locations to give push to...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed Rs 10,000 crore investment over the next five years to develop India as a biopharma manufacturing hub, set up 1,000 clinical trial sites and strengthen the Central Drugs Standard Control Organisation. Biopharmaceuticals, or biologics, are complex medicines...
New Delhi: Finance Minister Nirmala Sitharaman will present her record 9th straight Budget, and all eyes will be on the much-awaited customs reforms. Sitharaman had, in her first Budget in 2019, replaced the leather briefcase -- which had been in use for decades for carrying...
Now and then, public policy produces a decision so baffling that you instinctively read the news twice. The rollback of...
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Protests by thousands of pro-democracy activists in Leh and Kargil districts on 16 March, demanding, among other things, statehood for...
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The ongoing war between the US-Israel combine and Iran has unexpectedly turned out to be a windfall for Russia. In...
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The widening conflict in West Asia is beginning to cast a shadow over India’s economic outlook. The country’s heavy dependence...
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