Madhya Pradesh: 16th Finance Commission likely to focus on CAG recommendations Bhopal, March 5 (IANS) Despite slim chances, the Madhya Pradesh harbours aspirations for increased funds particularly for its ailing local bodies, some improvements are expected in accounting system in state’s ailing local bodies as visiting 16th Finance Commission is likely to focus on certain …
The dollar dropped to a 3-month low amid concerns about the negative effects of US tariffs on the economy, with the losses being particularly significant against the euro. The Bloomberg Dollar Spot Index fell by as much as 0.6% on Wednesday, reaching its lowest point since December 9. The euro stood out as one of …
ICRA, a rating agency, stated on March 5, 2025, that raising the deposit insurance limit could reduce banks’ net profits by up to ₹12,000 crore annually. This would result in a potential dip of up to 4 basis points (bps) in the return on assets (RoA) and up to 40 bps in the return on …
The Indian housing finance market, currently valued at ~₹33 trillion, is expected to expand at a compound annual growth rate (CAGR) of 15-16% between FY25 and FY30, reaching ₹77-81 trillion. According to CareEdge Ratings, this growth will be driven by robust structural factors and government incentives, making housing finance an attractive asset class for lenders. …
New Delhi, March 6 (IANS) Social security coverage in India has doubled from 24.4 per cent to 48.8 per cent, said Union Minister for Labour and Employment and Youth Affairs and Sports Mansukh Mandaviya. Addressing the post-budget webinar on the theme ‘Investing in People’, Mandaviya outlined the government’s mission to skill and empower India’s youth, …
Jammu, Mar 6 (PTI) The economy of Jammu and Kashmir is projected to grow at 7.06 per cent in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19 per cent in 2024-25, according to the Economic Survey Report (ESR) for 2025. The report said that J&K has shown …
Bengaluru, March 6 (IANS) As the nation moves towards becoming a $10 trillion economy, India is undergoing a structural shift from a software-led technology ecosystem to one driven by deep-tech innovations, a report said on Thursday. The government-backed initiatives such as the Rs 10,000 crore ‘Fund of Funds’, India’s Semiconductor Mission (ISM), and the National …
The Union Cabinet on Wednesday approved the revision of the Livestock Health and Disease Control Programme (LHDCP) with an outlay of ₹3,880 crore for two years. The scheme aims to enhance the animal health sector through comprehensive vaccination programs, capacity building, disease surveillance, and the strengthening of veterinary infrastructure. Key Components of LHDCP The revised …
A new term is making headlines in financial circles—Trumpcession. It refers to a potential U.S. recession linked to Donald Trump’s economic policies, and recent data suggests it may already be unfolding. As markets react to the latest economic indicators, investors worldwide are bracing for potential turbulence. The Atlanta Fed’s GDPNow model, a widely respected real-time …
With the announcement of the 8th Pay Commission, Central government employees are eager to understand how their salaries will change post-implementation. The commission, approved by Prime Minister Narendra Modi, is expected to be constituted by 2026, aligning with the conclusion of the 7th Pay Commission’s term. While specific financial details are yet to be disclosed, …
