The Budget for 2024-25 has kept the level of investment up with a 11 per cent-plus increase in capex and a continuing focus on macroeconomic stability, Finance Secretary TV Somanathan said. In a post-Budget interview with Aanchal Magazine and Anil Sasi, the Union Finance Ministry’s top bureaucrat also said that the conditions for capex support
Prices may go up because of higher energy costs, caused by the rise in shipping charges, with commercial vessels taking a longer route to avoid the troubled Red Sea region, the finance ministry said on Monday. Iran-backed Houthi rebels of Yemen are repeatedly attacking ships in the Red Sea. Click here to follow our WhatsApp
In what may turn into a massive blow for cryptocurrency sector in India, Centre’s Financial Intelligence Unit (FIU), which is under the Finance Ministry, has issued show cause notices to as many as 9 offshore cryptocurrency and virtual digital assets platforms, including Binance and Kucoin. The notifications were issued for non-compliance with anti-money laundering law.
India has rebuffed the International Monetary Fund’s (IMF) projection that the nation’s government debt could surpass 100 percent of its GDP by 2027-28, calling it “misconstrued”, PTI reported. The finance ministry in a statement clarified that the debt situation in India isn’t as alarming as projected and highlighted several points to substantiate its stance. “It