Sudha Murthy
FM Unveils Plans for Port Connectivity and Tourism Infrastructure Projects in Lakshadweep and Other Islands
Sitharaman highlighted the economic strength that has made India an attractive destination for business and conference tourism. The mention of Lakshadweep is notable, as Prime Minister Narendra Modi visited the island on January 4, emphasizing its appeal for adventure enthusiasts.
Government Unveils Rs 1 Lakh Crore Corpus, Offers 50-Year Interest-Free Loans for Tech-Savvy Youth
Sitharaman highlighted the importance of innovation for development, especially for the tech-savvy youth, referring to this period as a "golden era" for them. The corpus of Rs 1 lakh crore will offer 50-year interest-free loans, providing long-term financing at low or nil interest rates for the private sector to enhance research in sunrise sectors.
Government's Emphasis on Promoting Rooftop Solarisation and Ensuring Access to Free Electricity: Insights from Sitharaman
Sitharaman highlighted the potential savings for households, estimating that they could save between Rs 15,000 to Rs 18,000 through free solar power and selling excess power to distribution companies. This initiative aligns with Prime Minister Narendra Modi's announcement of the Pradhanmantri Surydaya Yojana, aiming to install rooftop solar on one crore houses.
Interim Budget Boosts Allocations for Major Infrastructure Projects to Rs 11.1 Lakh Crore, Achieves Fiscal Deficit Cut to 5.1% of GDP
The Finance Minister has reduced the fiscal deficit target to 5.1% of GDP for 2024-25, aiming for economic growth by increasing government capital expenditure on major infrastructure projects.
Burman Family Bolsters Investment, Increases Stake in Religare Enterprises to 25%
Crossing the 25% threshold is pivotal, as it empowers the Burmans to have a decisive say in key resolutions, requiring 75% shareholder approval. Notably, the Competition Commission of India (CCI) approval was obtained last week for this transaction.
ED arrests businessman Dinesh Arora in Delhi excise policy case
The ED, however, did not comment officially on the arrest but sources have confirmed the development. The ED has claimed in its previous chargesheet that Arora gave Rs 82 lakh to Sisodia as the collection of party funds for the assembly elections in Delhi.
Delhi excise case: Court dismisses bizman Amandeep Dhal's bail pleas
Special Judge M. K. Nagpal of Rouse Avenue Courts stated that there is prima facie evidence indicating serious allegations against Dhal, an executive director of Brindco Sales Private Ltd, and therefore, he is not entitled to bail, even in this scheduled offences case of the CBI. The ED arrested Dhal under the Prevention of Money Laundering.
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