The Asian Development Bank (ADB) is prepared to offer India USD 4-4.5 billion in annual sovereign lending, along with approximately USD 1 billion in private sector financing. ADB’s support aligns with India’s Viksit Bharat 2047 vision, focusing on urban transformation,…
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India’s government has requested Patanjali Ayurved, co-founded by Baba Ramdev, to clarify certain transactions flagged as suspicious by the economic intelligence wing. The Corporate Affairs Ministry is investigating potential corporate governance breaches and fund diversions. This follows previous scrutiny of…
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Apollo Hospitals Enterprise reported a significant 54% surge in consolidated profit after tax, reaching Rs 390 crore for Q4 FY25, driven by robust sales. The healthcare provider’s revenue also climbed to Rs 5,592 crore during the same period. Looking ahead,…
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The central government successfully met its fiscal deficit target of 4.8% of GDP for 2024-25, as per provisional data. While the actual deficit slightly exceeded revised estimates at Rs 15.77 lakh crore, increased capital expenditure and savings in revenue expenditure…
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Puneet Chhatwal says India has potential to attract tourists. He notes India lags due to high taxes. These taxes hinder the creation of global hospitality brands. Chhatwal seeks an additional push for infrastructure. He refers to the 50 tourist destinations…
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The Jharkhand government has requested the Sixteenth Finance Commission to increase the vertical devolution of central taxes from 41% to 50%. Chief Minister Hemant Soren emphasized the state’s significant contribution to national development through mining, while highlighting the associated environmental…
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