The announcement of the 8th Pay Commission by Prime Minister Narendra Modi has sparked widespread interest among central government employees. With the 7th Pay Commission set to conclude on December 31, 2026, the formation of the 8th Pay Commission marks a significant step towards revising salaries and pensions. This blog delves into the potential salary …
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced a National Manufacturing Mission to strengthen India’s manufacturing capabilities. The initiative aims to provide a structured policy framework, execution roadmap, governance model, and monitoring system for both central ministries and state governments. This mission is expected to enhance industrial growth across small, medium, and …
The Indian rupee has plummeted to a lifetime low of 87.49 against the US dollar, making it the worst-performing Asian currency in 2025, influenced by Trump’s tariffs and RBI rate cut expectations. Rupee Tumbles Due to Trade Tensions The Indian Rupee has recently become the worst-performing currency in Asia this year, dropping to a record …
On February 5, 2025, the Reserve Bank of India’s (RBI) monetary policy committee meeting began and is expected to conclude its longest pause in interest rates with a rate cut on Friday February 7, 2025, as per various news reports. The meeting includes two new RBI members: Governor Sanjay Malhotra and Deputy Governor M. Rajeshwar …
The Union Budget has placed significant emphasis on unlocking the vast potential of India’s shipping sector. This forward-thinking plan aims to further empower the country’s shipbuilding industry through innovative measures that will drive investment, generate economic growth, create jobs, and add long-term value. Plans to Develop Maritime Development Fund (MDF) To support India’s maritime sector, …
Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26 in Parliament on February 1, 2025. The budget highlighted several important allocations, with a significant increase in the share of the Gender Budget Statement (GBS). This increase demonstrates the government’s growing commitment to empowering women and …
During the Union Budget 2025 Presentation on February 1, 2025, the Union Finance Minister, Nirmala Sitharaman, announced significant changes to the PM SVANidhi Scheme. The Scheme aims to further support street vendors who have been among the hardest hit by the COVID-19 pandemic. This revamped initiative is set to provide enhanced loan facilities, UPI-linked credit …
The Union Budget for 2025-26 has introduced a comprehensive set of measures designed to bolster India’s Micro, Small, and Medium Enterprises (MSMEs). Recognizing their pivotal role in driving economic growth, alongside sectors like agriculture, exports, and investment, the government has made substantial provisions to foster the growth of MSMEs. These initiatives aim to enhance efficiency, …
The Ministry of Coal recently on February 3, 2025, announced that the coal sector demonstrated the highest growth among the eight core industries in December 2024, according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry. The coal index reached 215.1 points, a 5.3% increase from 204.3 points …
The Union Budget 2025, presented on February 1, 2025, announced significant measures to boost India’s textile sector, which is primarily driven by MSMEs and contributes substantially to the economy. The Ministry of Textiles received a budget outlay of ₹5,272 crores for 2025-26, marking a 19% increase from the ₹4,417.03 crores allocated in the previous budget. …
