National Archives - Page 132 of 167

Finance Minister Nirmala Sitharaman Breaks Records with Seventh Consecutive Union Budget

Gyana Ranjan Swain2 years ago05 mins

In a historic moment, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, marking her seventh consecutive Budget speech. This achievement makes her the first finance minister to surpass former Prime Minister Morarji Desai’s record of six consecutive budgets as finance minister between 1959-64. Key Announcements: Tax Reforms:Sitharaman introduced increased standard deductions and revised tax…

Major Boosts for Andhra Pradesh and Bihar: Budget 2024-25 Unveiled

Sagar Rath2 years ago07 mins

Finance Minister Nirmala Sitharaman presented her seventh consecutive budget on Tuesday for the fiscal year 2024-25, marking a significant moment with major announcements for Andhra Pradesh and Bihar. The budget includes substantial investments in infrastructure, education, agriculture, and youth employment, aiming to drive economic growth and development across these states. Andhra Pradesh Capital Development A…

Modernizing Tradition: How Nirmala Sitharaman Revolutionized Budget Presentation; Briefcase to tablet

Sagar Rath2 years ago07 mins

For decades, India’s finance ministers carried a briefcase to present the budget. This practice, rooted in British tradition, symbolized the weight and significance of the financial exercise. However, Finance Minister Nirmala Sitharaman broke this long-standing tradition in 2019 with a bahi khata and further modernized it with a tablet in 2021. As she prepares to…

Indian Economy Demonstrates Resilience Amid Global Challenges: Economic Survey 2023-24

Sagar Rath2 years ago05 mins

The Indian economy showcases remarkable resilience and stability despite global geopolitical challenges, according to the Economic Survey 2023-24. Presenting the 476-page survey in the Indian Parliament on July 22, Finance Minister Nirmala Sitharaman highlighted the successful consolidation of India’s post-Covid recovery. Role of Fiscal and Monetary Policies The survey credits both fiscal and monetary policymakers…

Centre Rejects Special Status for Bihar, RJD Criticizes JDU

Sagar Rath2 years ago2 years ago05 mins

The Centre has decided not to grant special status to Bihar. This decision came after Janata Dal (United) MP Ramprit Mandal raised the issue in parliament. Minister of State for Finance Pankaj Chaudhary responded in writing. He stated that Bihar does not meet the criteria for special status. Criteria for Special Status Special Category Status…

Byju Raveendran Faces Reckoning as Ed-Tech Giant Collapses

Sagar Rath2 years ago05 mins

Byju Raveendran, once a mathematics teacher turned billionaire entrepreneur, now faces his toughest challenge. His ed-tech company, Byju’s, has plummeted from a $22 billion valuation to below $2 billion. Accusations of financial mismanagement and compliance issues have led to insolvency proceedings, casting a shadow over his legacy. Rise to Prominence Raveendran’s journey began humbly in…

Hinduja Tech to Acquire Germany’s Tecosim Group for €21 Million

Sagar Rath2 years ago2 years ago05 mins

Hinduja Tech, a subsidiary of Ashok Leyland, is set to acquire Germany-based engineering firm Tecosim Group for €21 million (approximately ₹190 crore). This strategic move is designed to expand Hinduja Tech’s presence in the European market and enhance its global capabilities in mobility engineering services. Background on Hinduja Tech Hinduja Tech, established as a leading…

Byju’s Faces Shutdown Amid Insolvency Crisis, CEO Warns

Sagar Rath2 years ago2 years ago05 mins

Indian ed-tech giant Byju’s, once valued at $22 billion, faces a total shutdown if insolvency proceedings continue, warned its CEO in a court filing. The financial troubles of the company could lead to thousands of employees quitting and a complete halt of its services. Recent Setbacks Byju’s, backed by notable investors like Prosus and General…

500 Para Commandos Deployed to Combat Pakistani Terrorists in Jammu

Sagar Rath2 years ago2 years ago03 mins

In response to the infiltration of highly trained Pakistani terrorists in the Jammu region, the Indian Army is readjusting its deployments. Intelligence inputs and security requirements have necessitated this move. Special Forces on the Ground The Indian Army has deployed approximately 500 Para Special Forces commandos to hunt down 50-55 terrorists from Pakistan. These terrorists…

UPSC Chairperson Manoj Soni Resigns Amid ‘Fake Certificate’ Controversy!

Sagar Rath2 years ago2 years ago05 mins

Union Public Service Commission (UPSC) Chairperson, Manoj Soni, has resigned nearly five years before the end of his tenure. Sources revealed that Soni resigned for “personal reasons.” He joined the UPSC in 2017 and became Chairperson on May 16, 2023, with his tenure expected to last until 2029. However, a source informed The Hindu that…