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The Finance Minister in the budget has proposed increasing the foreign direct investment limit in the insurance sector from 49% to 74% in the budget 2021-22. Currently, the FDI limit is capped at 49 per cent. The finance minister further stated that foreign companies will be allowed to own insurance companies subject to conditions. The […]
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The Finance Minister said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure. FM announced an infusion of Rs 20,000 crore for public sector banks. The Finance Minister finally announced an establishment of Bad Bank to clean up bank balances. A new asset reconstruction and asset management company announced by the […]
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Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
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Shares of six insurance companies added 3% to 5% after the central government proposed to amend Insurance Act to allow higher foreign direct investment (FDI) in insurance companies.
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The FM has announced that a Bill will be introduced to set up a developmental financial institution or DFI to fund long-term infrastructure projects with a capital of Rs 20,000 crore. This DFI will lend Rs 5 lakh crore in the next three years, the FM said. Powered by Capital Market – Live News
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Finance Minister Nirmala Sitharaman announced at the start of her budget speech for FY2020 that the pillars of this budget are health and well-being, physical and financial capital and infrastructure, human capital, innovation and R&D and minimum government, max governance. She announced Rs 35,000 crore for Covid vaccine drive and noted that the budget has […]
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Finance Minister noted that the preparation of budget was undertaken in an environment like never before. Global economy, which was slowing down, was pushed into uncertainty due to COVID-19. Through the past year, the Finance Minister announced a Rs 30-lakh-crore plan. The total estimate of all relief measures announced by government & RBI so far […]
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After Prime Minister Narendra Modi’s drive to curb the menace of plastic, bio-degradable and environment-friendly jute is back in focus.
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Bengal’s tea estates are located in north Bengal districts of Darjeeling, Kalimpong, Jalpaiguri, Alipurduar and Cooch Behar.
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With 'Financialising India' as the core theme, Money9 seeks to address the gap areas in the realm of financial literacy and help citizens take informed financial decisions.
