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Before this, Piyush Goyal, then serving as the acting Finance Minister, presented the interim budget preceding the 2019 General Elections. Goyal had stepped in for Arun Jaitley, who was not well during that period. Following the reelection of the Narendra Modi-led government in 2019, Sitharaman assumed the role of finance minister and delivered the comprehensive budget on July 5, 2019. But what is an interim budget and how is it different from the vote on account? Interim Budget An interim budget serves as a framework for managing provisional expenditures over a short duration, usually spanning a few months, until a new government takes office at the central level. The conclusion of the fiscal year on March 31 corresponds with the typical transition period to a new government in late May or early June.

A lone gunman opened fire Thursday in a university building in downtown Prague, killing at least 15 people and injuring more than 20 in the Czech Republic’s worst mass shooting, police and the city’s rescue service said.

Amit Shah will chair a high-level committee meeting in Delhi on Saturday where the Centre will take a call on Karnataka’s request for funds to take up drought relief programmes, Chief Minister Siddaramaiah said. The CM, speaking to the media in Mysuru, expressed hope that the Centre would concede the state’s request as he got a positive response from Prime Minister Narendra Modi and Shah during his Delhi visit. Modi listened to him attentively when he explained about the acute drought situation and promised to provide necessary succour, he added. Siddaramaiah met the PM on Tuesday and Shah on Wednesday and submitted a memorandum seeking immediate release of Rs 18,177 crore to deal with the widespread drought. The CM had been upset that the committee had not met even once to discuss Karnataka's request despite the state suffering from acute drought.

The retail portion received consolidated bids of 2,396,000 share bids, while the non-institutional investors (NIIs) received 328,000 bids. The qualified institutional buyers (QIBs) were yet to open the account around 1 pm for this SME IPO issue.

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Essar Oil UK has signed on Denmark-based Topsoe as a technology licensor for its carbon capture facility, based in Stanlow, North West England. Topsoe, a global provider of carbon emission reduction solutions, will provide its sustainable flue-gas treatment technology SNOX, the company said in a statement. The SNOX technology helps refineries and power plants remove sulfur dioxide, nitrogen oxides, and particulates from flue gases. This will help Essar Oil UK’s $1.2 billion investment in decarbonizing the refinery by reducing 2 million tons of CO2 (95%) emissions, making it the world’s first low-carbon refinery and a producer of low-carbon fuels. “The industrial carbon capture facility, combined with our upcoming hydrogen fuel switching project, will reduce the refinery’s CO2 emissions by 95%. Topsoe is a valuable partner in this endeavor.

long term financial goals, investors tend to buy a bouquet of financial products and keep them in their portfolio such as equity, fixed income instruments, term plan as well as ULIP (unit linked insurance plan). Since these products are bought with long term goals — such as retirement, higher education and buying a house — in mind, it is imperative to keep these insurance policies operational. However, some of the policyholdersor their nominees might lose continuity of their policy in case of an unfortunate event such as death.

Dabur India), gave positive returns in the current calendar year with 3 rallying over 50 percent. Varun Beverages was the top gainer, surging almost 87 percent in 2023, followed by Radico Khaitan and Colgate-Palmolive, which soared 58 percent and 56 percent, respectively. Meanwhile, ITC, Tata Consumer Products, Nestle India, United Spirits, Godrej Consumer, and Britannia Industries advanced between 20 and 37 percent each.

This surge in trading activity has increased the focus on the crucial role of margin requirements in the F&O segment. To assist traders in navigating these requirements, SAMCO Securities offers a user-friendly SPAN margin calculator.

In collaboration with Emeritus, the programme has been designed to help participants gain advanced managerial skills, cross-functional acumen, creative problem-solving ability, and an innovation mindset in this high-impact one-year learning journey The Indian Institute of Management Kozhikode (IIM Kozhikode) has launched the 14th batch of the Senior Management Programme. According to a recent report from Forbes (2022), executive presence skills came in second among the top 20 leadership traits and accounted for 26% of what it takes to get promoted to leadership positions.

That said, keep a closer eye on Retik Finance (RETIK), a newly launched project that is developing a comprehensive ecosystem and building a wide range of decentralised products that will continue to resonate with millions of people worldwide.

Delhi High Court on Friday agreed to list for hearing during the day a plea by the city police challenging a trial court order directing it to supply a copy of the FIR to an accused in the Parliament security breach case. The matter was mentioned for hearing before a bench of Acting Chief Justice Manmohan and Justice Mini Pushkarna by the counsel for the police. «We arrested four accused persons.

Piramal Enterprises and Piramal Capital & Housing Finance in AIF units was ₹3,817 crore. In a regulatory filing, Piramal Enterprises said ₹653 crore of this pertains to funds that have no exposure to any debtor companies of Piramal Enterprises.

sovereign gold bonds (SGBs), considered suitable for risk-averse senior citizens who prioritize assured regular income and minimal capital risk. The past eight years have proven to be notably favourable for SGBs, showcasing their capacity for providing both consistent income and capital appreciation. Let’s delve into a detailed examination of their performance: Average annual return: Over the past eight years, SGBs have yielded an average annual return of approximately 13.7%.

Beaming at every turn, North Korean dictator Kim Jong Un toured the jewels of Russia’s military industries in September. A guest of President Vladimir Putin, he gawked at the plant making Su-35 jet fighters, inspected a Russian Navy frigate and examined the Kinzhal missiles at the Vostochny spaceport. Soon thereafter, trainloads of North Korean artillery shells started rolling to Russian troops in Ukraine—by American calculations, as many as one million munitions, or roughly three times what European nations had been able to supply in a whole year.

unit-linked insurance plan (ULIP). In addition to life coverage, it offers extra protection against critical illnesses and accidental death. Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company said, “Customer centricity has always been the DNA at Kotak Life.

dense to very dense fog conditions very likely in morning hours at isolated pockets of Punjab during next four days. The weather department has also warned of dense fog conditions very likely in morning hours at isolated pockets of Haryana during next three days. Additionally, fog alert has also been sounded over North Uttar Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura during next two days and Odisha on 23rd and 24th December.

UN Security Council on Thursday again delayed a vote on a watered-down resolution to deliver desperately needed aid to Gaza — a revision backed by the United States, while other countries support a stronger text that would include the now eliminated call for the urgent suspension of hostilities between Israel and Hamas. The revised draft resolution was discussed behind closed doors for over an hour by council members not long after it was circulated. Because there were significant changes, many said they needed to consult their capitals before a vote, which is now expected Friday. US Ambassador Linda Thomas-Greenfield told reporters after the consultations that the United States backs the new text, and if it is put to a vote the U.S. will support it.

At a time when major economies globally are facing growth headwinds, India is in a sweet spot, and foreign investors are looking to India for their growth portfolios, says Rajesh Bhatia, chief investment officer at ITI Mutual Fund. The key industries beckoning foreign investors in India in 2024 include healthcare and insurance, fintech, renewable energy, automobiles, real estate and infrastructure, among many others, Bhatia said in an interview with ETMarkets. “These have all been on a hot streak in 2023, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have promoted industry-wise capacity building,” he said. Edited excerpts: How has the year 2023 largely been for the funds managed by you? If we look at the financial year, then FY23 was a flat year for the indices. However, it was also a “stock-pickers” market, meaning analysts who could diligently assess the prospects of individual companies and businesses, did better.

Residential sales in the first nine months of 2023 reached 196,227 units, which is 91% of the total sales in 2022. Interestingly, residential sales broke all records with average quarterly sales of over 65,000 units till the third quarter of 2023.

₹6,199 per gram. The Sovereign Gold Bond scheme presents an attractive option for those reluctant to acquire physical gold due to safety concerns. Investors in this scheme receive compensation at a fixed rate of 2.50 per cent per annum, paid semi-annually based on the nominal value.