Economy National

FM Sitharaman Calls for Increased Support for African Nations from G7 and G20

By BPN News Desk
Union Finance Minister Nirmala Sitharaman urged the G7 and G20 countries to intensify their support for African nations, with a particular focus on infrastructure development, healthcare, and long-term financial resilience. Speaking at the G7 African Ministerial Roundtable, Sitharaman underscored India’s ongoing commitment to Africa, aligned with the 10 guiding principles
Economy National

RBI Brings Back 100 Tonnes of Gold from UK, Boosting India’s Financial Security

By BPN News Desk
In a major financial development, the Reserve Bank of India (RBI) has repatriated 100 tonnes of gold from the United Kingdom, marking the largest such transfer since 1991. This strategic move signals a shift in how India is managing its gold reserves, enhancing the country’s financial security while reflecting its growing economic strength. The significance […]
Economy National

Central Government Hikes Minimum Wage Rates for Workers Across Sectors Effective from October 1, 2024

By BPN News Desk
In a significant move aimed at enhancing the livelihood of workers, especially those in the unorganized sector, the Central Government has announced an increase in the minimum wage rates by revising the Variable Dearness Allowance (VDA). The revised rates will come into effect from October 1, 2024, and are expected to provide much-needed relief to […]
Economy National

Government Retains Borrowing Target, Plans ₹6.61 Lakh Crore Borrowing in H2 FY 2024-25 to Bridge Revenue Gap

By BPN News Desk
The Indian government has confirmed it will maintain its borrowing target for the current financial year, planning to raise ₹6.61 lakh crore through the auction of dated securities between October and March 2024-25. This move is aimed at funding the revenue shortfall while bolstering economic growth. The Ministry of Finance announced, “Out of the gross […]

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