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Financial News
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Government Increasing PMAY Funds to INR 79,000 Crore in Budget 2023
February 03, 2023
Finance Minister of India, Nirmala Sitharaman, in her Union Budget 2023 speech, announced that the Pradhan Mantri Awas Yojana 2023 is being allocated funds worth INR79,000 crores. This 66% hike from the last year’s allocation of INR 48,000 crores is perceived as the Indian Government’s commitment to ensure the building…
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Budget 2023 Live Updates and Highlights
February 01, 2023
The major highlight of the Union Budget 2023 is the income tax rebate limit which has increased from Rs. 5 Lakhs to Rs. 7 Lakhs under the new tax regime. Finance Minister Nirmala Sitharaman has presented the Union Budget for 2023 today in Parliament today, which is said to be…
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SBI is Offering 30-40 bps concessions on Home Loan Rates Till March 31, 2023
January 30, 2023
State Bank of India (SBI) is one of the major lenders in the public sector. It has recently announced a new scheme in its exciting festive offer, "campaign rates," wherein SBI is lowering its home loan interest rates by 30 to 40 basis points. This exciting deal is valid till…
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Expectations from Union Budget 2023-24
January 24, 2023
Every year at this time, we look forward to the Honourable Finance Minister rising to present the Union Budget. The current finance minister is undoubtedly making a difference, even if most finance ministers leave their mark. As a result, we, as Indian citizens, are continually raising the bar high for…
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RBI Spikes Repo Rate by 35 Basis Points to 6.25% and Lowers GDP Forecast to 6.8%
December 07, 2022
Lately, on December 7, 2022, the Monetary Policy Committee of the Reserve Bank of India (RBI) surprised everyone with the announcement of another repo rate hike by 35 basis points to 6.25% with the mandate of immediate effect. After this fifth repo rate 2022 hike, the RBI policy has reached…
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Second Highest GST Collection in October, Clocks at 1.52 Lakh Crore
November 03, 2022
A recent notice from the finance ministry revealed GST revenue surged 16.6% to roughly INR 1.52 lakh crore in October 2022, making it the second-highest collection ever. GST revenue reached a record high in April, clocking at INR 1.68 lakh crore. On the other hand, the GST receipts in October…
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