CashNews.co India’s traditionally cash-dominated smaller towns and rural areas are witnessing an increase in credit-driven consumption, spurred by deeper penetration of consumer financing and new bank account openings under the government’s Pradhan Mantri Jan Dhan Yojana (PMJDY). For instance, credit-led purchase of two-wheelers in rural India at 62% has outpaced urban (58%) so far this […]
CashNews.co Mumbai: While opposing a proposal to grant revised administrative approvals to build sports complexes across Maharashtra, finance department said the state’s revenue deficit had crossed the 3% limit for 2024-25. “The fiscal deficit for 2024-25 has reached 1.9 lakh crore owing to the additional budget and supplementary demands. The revenue deficit of the state […]
CashNews.co A day after the Bengaluru police registered an FIR against Union Finance Minister Nirmala Sitharaman for her alleged involvement in extortion and criminal conspiracy through the now-scrapped electoral bond scheme, the Congress on Sunday demanded Sitharaman’s resignation and a Supreme Court-monitored SIT probe into the allegations. Apart from Sitharaman, the police also booked unnamed […]
CashNews.co Mumbai: Retail loans by banks and finance companies in India could triple by 2030, driving household leverage to 34 per cent by fiscal year 2031 from about 23 per cent at the end of 2024, according to a new report. Finance companies will sustain loan growth stronger than the banking sector, which is expected […]
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CashNews.co Union Finance Minister Nirmala Sitharaman, during her address at the Uzbekistan-India Business Forum on Friday, emphasised the vast trade opportunities between India and Uzbekistan.She pushed for increased trade and urged the chambers of commerce of both countries to create a roadmap to achieve the $ 3 billion trade target set by the leadership of […]
CashNews.co China’s benchmark index, the CSI 300, surged 15.28%, marking its best weekly gain of the year last week and the best rally since 2008, according to Bloomberg. This came after the People’s Bank of China cut one of its short-term policy rates, sparking speculation that officials are preparing to step up efforts to revive […]
CashNews.co After two years of decline, private equity (PE) transactions in India have risen by 8.9 per cent in the first nine months of 2024, reaching $24.2 billion, compared to $22.23 billion in the same period in 2023. The financial services sector led the surge, with deals totalling $6.3 billion, accounting for 26 […]
CashNews.co NEW DELHI: India and Uzbekistan on Friday signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to investors of the two countries. The treaty was signed by Indian finance minister Nirmala Sitharaman and Uzbekistan’s deputy prime minister Khodjayev Jamshid Abdukhakimovich at Tashkent (X/FinMinIndia) The treaty was signed by Indian finance minister Nirmala Sitharaman […]
CashNews.co Wedding planning must involve consideration for expenses (Photo: Shutterstock) 3 min read Last Updated : Sep 27 2024 | 4:35 PM IS In a country where weddings are often grand affairs lasting days, many couples find themselves facing a financial hangover when the festivities end. As the average cost of weddings often exceeds […]