April 24, 2024
Finance

This macroeconomic stability that the Budget intends to preserve may create a good investment climate: Finance Secretary TV Somanathan | Business News

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

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Finance

‘You need people with expertise in AI’: Finance Minister Nirmala Sitharaman talks AI and calls for financial literacy

Union Finance Minister Nirmala Sitharaman emphasised the need for a comprehensive integration of financial literacy within the educational curriculum during her address at A M Jain College. She advocated, “Teaching financial literacy was very important and it has to start early.” Expressing concern that financial literacy is presently imparted outside the academic framework, Sitharaman highlighted

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Funds

New banking norms help save interest cost for CSS fund transfers

NEW DELHI :The central government’s revamped fund transfer mode for state agencies executing centrally-sponsored schemes (CSS) is helping the Centre save interest costs, and ensuring timely funds for executing agencies. That apart, it also ensures transaction data is made available directly to policymakers at the ground level, a person aware of the impact of executing

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