Govt capital spending at 18-year high

New Delhi (IANS) The Budget is pegging capital spending growth of 24.5 per cent year on year in F23, which will push the ratio of Central government capital spending to GDP to an 18-year high of 2.9 per cent, Morgan Stanley said in a note.

"We…

Jail term can't exceed 25 years', SC seeks Centre's response on Abu Salem's plea

New Delhi (IANS) The Supreme Court on Wednesday asked the Centre to consider a plea by gangster Abu Salem that his imprisonment cannot extend beyond 25 years, according to the terms of his extradition from Portugal by the Indian government.

Advocate…

India saved around 1 lakh lives during third wave of Covid in Dec-Jan

New Delhi (IANS) Covid-19 vaccines prevented more than 90,000 deaths during the third wave, December 28, 2021 to January 31, 2022, according to a research report by the SBI.

About 14,756 Covid-19 deaths have occurred in India during the third…

2K km of Rail network to be brought under KAWACH tech: FM

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Tuesday said that about 2,000 km of rail network will be brought under the indigenous world-class technology KAWACH. She also said that 400 new 'Vande Bharat' trains will be manufactured…

100 PM Gati Shakti Cargo terminals to be developed in 3 years: FM

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Tuesday said that 100 cargo terminals will be developed during the next three years under the PM Gati Shakti master plan.

"100 PM Gati Shakti cargo terminals for multimodal logistic facilities…

India to get its own digital currency by RBI next year: FM

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to…

'Zero Sum budget', Rahul Gandhi slams Modi govt

New Delhi (IANS) After the presentation of the Union Budget former Congress President Rahul Gandhi has said that its a zero sum budget by the Union Government.

Rahul Gandhi tweeted, "M0di G0vernment's Zer0 Sum Budget!" In his tweet, Rahul…

PM Modi says no to politics in the Union Budget, new age sectors is the flavour

New Delhi (IANS) Prime Minister Narendra Modi has refused to succumb to electoral pressures as the Union Budget announced on Tuesday had no mention of populism or playing to regional galleries.

Elections to five states are slated this month…

Crypto tax regime indicates future of cryptocurrencies in India

New Delhi (IANS) The announcement of the crypto tax regime by introducing flat 30 per cent taxation on income from crypto and digital assets in the Budget 2022-23 indicates the possible future of cryptocurrencies as a financial asset in the domestic…

Pakistan seeks $3 bn loan from China to boost dwindling forex reserves

New Delhi (IANS) Pakistan has set its sight on a loan to the tune of $3 billion from China to stabilise its dwindling foreign exchange reserves and also seeks an investment bonanza in half a dozen sectors during the visit of Pak Prime Minister Imran…