NEW DELHI: The Union Budget 2024 has been met with widespread approval from the space industry, following Finance Minister Nirmala Sitharaman’s announcement to expand India’s space economy fivefold over the next decade. Central to this vision is the establishment of a Rs 1000 crore venture capital fund aimed at fostering innovation and growth within the […]
NEW DELHI: Singapore has reclaimed the title of the world’s most powerful passport as owning a Singapore passport now gives one visa-free access to a record 195 global destinations. This puts the city state at the top on the Henley Passport Index. According to the official data released from the International Air Transport Association (IATA), […]
KATHMANDU: A passenger plane has crashed and caught fire shortly after taking off from Nepal’s capital, Kathmandu, killing 18 people, aviation officials say. The pilot was the only survivor of Wednesday’s crash and was being treated in hospital, the Civil Aviation Authority of Nepal said in a statement. Nineteen people were on the test flight […]
DHAKA: Defending her decision to enforce a curfew with a shoot-on-sight order following violent clashes between the police and protesters in Bangladesh, Prime Minister Sheikh Hasina on Tuesday said that the tough measures were taken to ensure the security of the lives and properties of the people. Hasina’s comments came a day after Bangladesh’s Supreme […]
NEW DELHI: Chinese scientists studying the soil samples of the moon brought by Chang’e-5 mission found water molecules in lunar soil, according to the Chinese Academy of Sciences (CAS). The research – carried out jointly by researchers from the Beijing National Laboratory for Condensed Matter Physics and the Institute of Physics of CAS and other […]
NEW DELHI: Nita Ambani, a prominent Indian philanthropist and the Founder of Reliance Foundation, has been unanimously re-elected as the International Olympic Committee (IOC) member from India. The announcement was made by the IOC ahead of the opening ceremony of the Paris 2024 Olympic Games, which is set to take place this weekend. The decision […]
Focuses On Employment, Skilling, MSME’s, Middle Class New Delhi: Minister of Finance and Corporate Affairs Nirmala Sitharaman tabled Union Budget 2024-25 in Parliament on Tuesday. She said that India’s inflation continues to be low, stable and moving towards the 4 per cent target. Core inflation (non-food, non-fuel) currently is 3.1 per cent and steps are […]
New Delhi: In the Regular Union Budget of Financial Year (FY) 2024-25, Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion), the highest among the Ministries. While maintaining the allocation made to MoD during interim budget, the Government has made an additional allocation to the tune of Rs 400 crore […]
NEW DELHI: Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2024-25. However, certain items such as imported garden umbrellas and laboratory chemicals are set to become costlier […]
NEW DELHI: In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class with a view to boost consumption. She said salaried employees in […]