Nitin Gadkari says India’s logistics cost will come down to single-digit percentage in two years
Nitin Gadkari said the Ministry is constructing several highways and expressways, which will help reduce…
Is Trump justified in asking EU to buy more oil and gas from the U.S.?
In July 2024, the EU sourced close to 15% of its crude oil from the U.S | Photo Credit: Peter Boer U.S. President-elect Donald Trump threatened to impose tariffs on many countries if they do not fulfil certain conditions. In November last year, he said he would impose sweeping tariffs on imports from Canada, China,…
Panchayati Raj ministry’ budgetary allocation for FY26 to be 5-10% higher, says secretary
New Delhi: The Union budget for FY26 may allocate 5-10% more funds to the Panchayati Raj ministry with a higher outgo towards the Rashtriya Gram Swaraj Abhiyan (RGSA), said ministry secretary Vivek Bhardwaj in an interview. He added that in the runup to the budget the ministry is planning to take a few initiatives that…
Strategic budget interventions can position Indian pharma for global leadership
Finance minister Nirmala Sitharaman is all set to present the budget for FY26 on 1 February. The upcoming Union budget presents a unique opportunity to accelerate the growth of India’s pharmaceutical and life sciences sector. By allocating substantial funds for healthcare, enhancing the accessibility and affordability of life-saving medicines, prioritizing cutting-edge research, and advancing infrastructure,…
Enhanced budget support for small businesses, startups on cards
New Delhi: The Union Budget for 2025-26 is likely to step up financial support for startups and small businesses that account for nearly a third of the nation’s economic output. The central government is looking to ensure they get adequate working capital, trade finance and funds needed for growth at attractive terms, according to two…
Does converting your credit card bill into EMI impact your credit score? Find out
Managing credit card bills can be difficult, especially when the bill amount is large. To take away this financial burden, many credit card issuers give you the option to convert the bill amount into Equated Monthly Instalments (EMIs). Although this may provide you temporary relief, it is important to know how this decision will affect…
Personal Loan Lifecycle: Key tips for smooth application, approval, and repayment
A personal loan can be a great option in helping you take care of immediate monetary needs such as paying for a medical emergency or to finance your dream vacation. However, it’s important to understand how a personal loan works through the life cycle so you can manage it responsibly and avoid financial burdens. Let…
Budget 2025: FM Nirmala Sitharaman may propose new Income Tax Act. Key changes to expect
Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the upcoming budget session on February 1, a new Income Tax Act may be proposed. The government may introduce the certain changes…
Estate planning in India and how to ensure a smooth transition
How do I plan the smooth transition and safety of the estate that I have accumulated over my lifetime? -Name withheld on request The initial step in estate planning involves a thorough assessment of one’s assets and liabilities. This entails cataloguing all properties, business interests, investments, bank accounts, and personal possessions that comprise the individual’s…
Govt debunks claims of RBI prohibiting use of black ink on cheques | What are the specifications
The government has clarified that the Reserve Bank of India has not prohibited the use of black ink on cheques. The RBI has not prescribed specific ink colours to be used for writing cheques. The government issued this explanation after some social media posts claimed that the RBI issued guidelines prohibiting the use of black…
How to pay your SBI credit card bill – Online and offline methods explained
If you own a credit card, it is essential to pay bills on time to avoid interest and other related fees. India’s biggest bank, the State Bank of India, offers credit cards in multiple categories. Some of the credit cards offered by SBI are SBI Simply Save, SBI Simply Click, Cashback SBI Card, SBI Card…
