Business

01

Feb

By The Press Editor

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Business

Banks to remain closed on these days, check state-wise full list – India TV

Image Source : FILE RBI has issued the official list of bank holidays for February 2025. Bank Holidays in February 2025: Banks across India remain closed on the second and fourth Saturdays of each month along with all Sundays. Apart from these, banks also remain closed for state-specific festivals and other important observances. These holidays are fixed by the Reserve Bank of India (RBI). To make sure that you don't have any problems related to bank-related transactions, it is important to have the complete list of holidays in advance. The regulatory body has issued the official list of bank holidays…

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01

Feb

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Business

Namo Bharat Train: NCMC card users to get instant discount

Image Source : X/@MARINEBHARAT REPRESENTATIVE IMAGE As a relief to Namo Bharat Train commuters, the National Capital Region Transport Corporation (NCRTC) introduced a 10 per cent discount on fares for commuters using the NCMC (National Common Mobility Card) and electronic QR tickets. This is as part of the recently extended loyalty points scheme to make travel cheaper. How to avail benefits with NCMC card? Commuters traveling using the NCMC card can now earn loyalty points, lowering their travel costs: 1 loyalty point will be credited for every Re 1 spent. Each loyalty point is worth 10 paise. Credited points…

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01

Feb

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Business

Govt data – India TV

Image Source : FREEPIK Image used for representational purposes. The gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore. Total gross GST revenue stood at Rs 1,95,506 crore in January, a 12.3 per cent growth year-on-year. Refunds of Rs 23,853 crore were issued during the month, a rise of 24…

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01

Feb

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Business

Key changes affecting bank, ATM, UPI users, and more – India TV

Image Source : INDIA TV REPRESENTATIVE IMAGE As we begin February 2025, there have been some major changes that have been made, affecting day-to-day financial transactions and services. These new regulations, which are applicable from February 1, involve various aspects from ATM cash withdrawal to UPI transactions, banking rules, cylinder gas prices, and car prices. Also, today is the day the Union Budget 2025 is being unveiled, and it is going to have some major announcements for the masses.  Below are five major changes that directly impact the common man: 1. ATM cash withdrawals get costlier ATM withdrawal charges have…

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01

Feb

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Business

CAPFs under MHA receive budget hike for national security – India TV

Image Source : PTI/FILE PHOTO Women personnel representing various para-military forces at the CAPFs tableau during the 74th Republic Day Parade at the Kartavya Path, in New Delhi In the Union Budget of 2025-26, the Central Armed Police Forces (CAPFs) of the Ministry of Home Affairs (MHA) for guarding India's borders and providing internal security have received a modest increase in their budgetary outlays. CRPF gets highest allocation among CAPFs With over 3.25 lakh strength, the biggest CAPF is the Central Reserve Police Force (CRPF) that has been allocated Rs 35,147 crore in the next fiscal year, up from the…

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01

Feb

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Business

Over 8.6 lakh homes get solar panels in first year – India TV

Image Source : PEXELS REPRESNTATIVE IMAGE PM Surya Ghar Muft Bijli Yojana, with the goal of encouraging solar energy usage in homes across India, has reached a milestone as it has successfully installed 8.6 per cent of its targeted number in the first phase. This scheme plans to install solar panels on 1 crore homes within three years and has successfully covered 8,61,240 homes with rooftop solar systems within the first year. Rs 4,966 crore subsidy given till date Since its launch, the scheme has received 43.99 lakh applications and recorded 1.7 crore registrations. By January 29, 2025, 19 per…

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01

Feb

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Business

Budget has invested in agriculture, rural prosperity and urban development, says Sitharaman – India TV

Image Source : PTI Nirmala Sitharaman Hours after presenting the Budget 2025, Union Finance Minister Nirmala Sitharaman on Saturday addressed a press conference and said the budget this time has invested in agriculture, rural prosperity and urban development. "The budget says several things about our path towards 'Viksit Bharat'. It has invested in agriculture, it has certainly looked at rural prosperity, focuses on urban development, particularly looking at urban workers, and continues to lay emphasis on reforms,” she said. She further said responding to voice of the people, which is what PM Modi is known for, it is a very…

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01

Feb

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Business

Nirmala Sitharaman announces big relief for middle class, check old and new income tax slabs – India TV

Image Source : PIXABAY Slabs and rates being changed across the board to benefit all tax-payers. Finance Minister Nirmala Sitharaman on Saturday delivered a significant relief to middle-class taxpayers by making annual income of up to Rs 12 lakh in the new tax regime tax-free. Key Points - Slabs and rates being changed across the board to benefit all tax-payers - New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment - ‘Nil tax’ slab up to ₹12.00 lakh (₹12.75 lakh for salaried tax payers with…

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31

Jan

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Business

From Deeptech fund to tweaks in safe harbour rules threshold, tech industry’s wishlist – India TV

Image Source : PIXABAY Nasscom said there should be a dedicated central deeptech fund. Budget 2025:  The Union Budget for the financial year 2025-26 is scheduled to be presented by Finance Minister Nirmala Sitharaman tomorrow i.e. on February 1, 2025. Ahead of that, India's apex IT industry body Nasscom has batted for measures to strengthen the availability of 'patient capital' (long-term capital) for deeptech startups in India. According to the industry body, there should be a dedicated central deeptech fund (in the form of fund-of-funds) structured with flexibility for longer gestation (10 years with extensions). The fund's structure may incorporate…

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31

Jan

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Business

Growth rate of 8 key infra sectors slows to 4% in December 2024 – India TV

Image Source : PTI The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP). The output of eight key infrastructure sectors - that includes coal, refinery products, fertiliser, and steel - slowed down to 4 per cent in December 2024, according to official data released on Friday. The data shows that the growth rate of these sectors was 5.1 per cent a year ago.  On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024. In December, the production of natural…

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