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As Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 ahead of the Lok Sabha elections, opinions on its merit diverged sharply between leaders of the ruling Bharatiya Janata Party (BJP) and members of the Opposition. Prime Minister Narendra Modi and other BJP leaders praised the budget, hailing it as inclusive and innovative. PM…

In a significant move, the Reserve Bank of India (RBI) has imposed major business restrictions on Paytm Payments Bank, effective from February 29, 2024. The restrictions include the cessation of accepting fresh deposits and conducting credit transactions. This decision follows the RBI’s earlier directive in March 2022, which barred Paytm Payments Bank from onboarding new…