On Thursday government announced that the mega bank merger plan was on track and would come into effect from April 1. Banking Secretary Debasish Panda told reporters that the banking sector would be able to overcome the challenges posed by the outbreak of coronavirus pandemic. “That is very much on the track. It’s parallel activity ...

On Thursday, Finance Minister Nirmala Sitaraman announced an emergency relief fund of 1.7 lakh crore rupees to aid the poor and need, hit the harder amid the ongoing corona crisis. In a news briefing, while announcing the stimulus package Ms. Sitharaman said, “We do not want anyone to remain hungry, so we will be giving ...

The Indian government, under the leadership of Prime Minister Narendra Modi, has come up with a new plan called ‘Purvodaya.’ The plan aims to ensure the growth of eastern India in several ways. Purvodaya means “the rise of the East” in Hindi. The Purvodaya plan will focus on five states in eastern India: 1. Bihar ...

Union Finance Minister Nirmala Sitaraman gave a preview about the Economic Survey 2023-24 before the Lok Sabha today. The survey showed India’s real Gross Domestic Product is expected to grow by a rate between 6.5% and 7% in the current year of 2024-25. The economic survey was released before the Indian Union Budget. The growth ...