Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2024-25, expected to be tabled in the third week of July.
June 24, 2024 | 9:17 AM
- Pre-Budget Meetings: On June 22, Sitharaman held a pre-budget meeting with state finance ministers, emphasizing the Centre’s commitment to timely tax devolution and clearing GST compensation arrears to promote economic growth.
- Support for States: She urged states to utilize the Centre’s scheme offering a 50-year interest-free loan for specific reforms, highlighting the importance of this support for state-level development.
- First Session of the 18th Lok Sabha: The new session begins today, featuring the oath-taking ceremony of newly-elected Members of Parliament, including Prime Minister Narendra Modi.
June 24, 2024 | 8:10 AM
- RBI Governor on Unsecured Loans: Reserve Bank Governor Shaktikanta Das commented on the regulation of unsecured loans, stating that proactive measures have successfully moderated their growth. “We believed it was prudent to act proactively and decelerate credit growth in these segments,” he said.
