Finance Commission Alarms on Cash Transfer Subsidy Surge
The 16th Finance Commission reveals cash transfers now consume 20% of state subsidies, warning of fiscal risks. Maharashtra, Odisha, and Jharkhand show steepest spending rises.
Category : Business
Gurgaon Service Roads Revamp: Rs 20 Crore Traffic Ease Plan
GMDA launches Rs 20 crore project to revamp 7.5km of service roads in Gurgaon, aiming to reduce traffic congestion, fix waterlogging, and improve pedestrian safety by March 2024.
India-US Trade Deal: Tariffs Cut to 18% Amid Oil Shift
US Senator Lindsey Graham says India has 'earned' tariff reduction to 18% by committing to halt Russian oil imports and boost US purchases. PM Modi welcomes the deal as Trump announces agreement.
Indian Stocks to Rally on US-India Trade Deal
Indian stock market indices Nifty 50 and Sensex are poised for a significant gap-up opening following the announcement of a trade deal between the US and India, which has boosted global risk sentiment.
US Agriculture Secretary Praises India-US Trade Deal
US Agriculture Secretary Brooke Rollins thanks President Trump for securing a trade deal with India that will boost American farm exports, reduce tariffs, and address the agricultural trade deficit.
Thakur Sees Foreign Capital Inflows Improving After Budget Measures
Economic Affairs Secretary Anuradha Thakur expects foreign capital inflows to improve due to Budget measures, sustaining growth momentum. She discusses inflation dynamics, FDI stability, and asset monetization plans.
India's Fiscal Strategy: Prudence with Capex Focus
Expenditure Secretary V. Vualnam emphasizes fiscal prudence as a government priority while supporting critical sectors like infrastructure through capex and exploring PPP models in railways.
CBIC Chairman Confident on Budget Targets, Customs Reforms
CBIC Chairman Vivek Chaturvedi expresses confidence in meeting Budget targets, detailing Customs reforms focusing on duty exemptions, process simplification, and technology integration to boost approvals and revenue.
Trump Announces US-India Trade Deal Following Modi Request
Former US President Donald Trump claims a new trade agreement with India was struck at PM Modi's request, involving reduced tariffs and energy purchases, though India has only confirmed tariff reductions.
Gurgaon's Ambedkar Chowk Flyover Bids by Feb 15
GMDA plans to invite bids for a 950-metre flyover at Ambedkar Chowk in Gurgaon by February 15 to ease traffic congestion at the busy intersection connecting sectors 45, 46, 51, and 52.
FM on Global Risks, Tax Reforms, and Youth in Budget
Finance Minister discusses external challenges, tax base expansion using AI, decriminalisation of tax laws, and youth-centric initiatives in a detailed post-Budget interview.
Finance Commission Pushes Discom Privatization, Debt SPVs
The 16th Finance Commission recommends privatizing power distribution companies and creating SPVs to handle accumulated debt, aiming to modernize the sector and improve state finances.
Gold, Silver Prices Rally Amid US Data Vacuum
Gold and silver prices surged on Tuesday, recovering from recent losses as traders anticipate a quiet week with limited US economic data due to a partial government shutdown.
February 2026 Bank Holidays: 9 Days Off Across India
Banks across India will remain closed for 9 days in February 2026, including national holidays, regional observances, and mandatory weekly offs. Check the complete city-wise list of closures as per RBI guidelines.
Finance Commission's Tax Formula Shift Promotes State Fiscal Efficiency
The 16th Finance Commission's report introduces a significant tilt in tax-sharing criteria toward economic growth and fiscal prudence, rewarding states for efficiency while addressing long-standing grievances in India's fiscal federalism.
Stock Market Recommendations: NMDC, DLF, Blue Star, IOC
Somil Mehta of Mirae Asset Sharekhan recommends buying NMDC, DLF, Blue Star, and IOC stocks with specific entry points, stop losses, and targets for February 3, 2026.
Palantir Stock Jumps 8% on Strong FY26 Revenue Forecast
Palantir Technologies' stock surged 8% after hours on Nasdaq as its FY26 revenue forecast of $7.19 billion far exceeded Wall Street expectations. The data analytics giant also reported strong Q4 earnings and government contract growth.
India-US Trade Deal Boosts Market, Gold & Silver Rally
Indian stock markets poised for gap-up opening after India-US trade deal announcement. Export sectors like auto, IT, defence to benefit. COMEX gold and silver rates surge with expert analysis on Nifty, Sensex, and stock recommendations.
Nagpur-Mumbai Bullet Train Awaits Approval Despite 2022 Plan
The ambitious Nagpur-Mumbai bullet train project, proposed in 2022 to connect Maharashtra's two capitals in 3.5 hours, remains without formal central approval despite recent budget announcements of 7 new high-speed corridors.
India-US Trade Deal: Tariffs Cut, Claims Unverified
India and the US announce a trade deal reducing tariffs on Indian goods to 18%. While India confirms tariff relief, Trump's claims on Russian oil and $500B purchases remain unverified.
Bihar GDP Growth Outpaces India, Hits Rs 9.9 Lakh Crore
Bihar's economy grew at 13.1% in 2024-25, surpassing India's GDP growth, with manufacturing and capital investment driving structural transformation.
Bond Yields Spike to One-Year High on Record Borrowing Plan
Indian government bond yields surged sharply as benchmark 10-year yields hit their highest level in over a year following Finance Minister Nirmala Sitharaman's announcement of a record Rs 17.2 lakh crore gross borrowing plan for FY27 in the Union Budget.
Sensex, Nifty to Open Higher After US Trade Deal
Indian stock market benchmarks Sensex and Nifty 50 are poised for a positive opening following the India-US trade agreement announcement. Analysts predict key support and resistance levels for Tuesday's trading session.
Ajni Station New Platforms to Open by May, Easing Nagpur Congestion
Nagpur's Ajni railway station will start train operations from newly built platforms by May 2025, reducing congestion at Nagpur station and enabling new train services. The redevelopment, part of a ₹289 crore project, expands platforms from three to seven
India-US Trade Deal: The Rocky Road to Agreement
India and the US have finally reached a trade deal after months of negotiations marked by tariff wars, political tensions, and strategic concessions. The agreement sees US tariffs on India reduced to 18%.
India-US Trade Deal Lifts Sensex, Nifty: Market Outlook
Indian stock markets are poised for a robust opening after the India-US trade deal announcement. Sensex and Nifty 50 surged on Monday, with global cues supporting further gains.
India's 10-Year Bond Yield Surges to 6.78% on Borrowing Fears
India's 10-year government bond yield rose sharply to 6.78% on Monday, marking its biggest intraday rise since August, driven by concerns over increased government borrowing and fiscal deficit targets.
Auto Sales Soar in Jan 2026, Small Towns Drive Growth
Passenger vehicle sales in India surged in January 2026, with major manufacturers like Maruti Suzuki, Hyundai, and Tata Motors reporting strong growth, fueled by GST cuts and rising demand in smaller cities.
Gold, Silver Prices Rebound After Sharp Correction
Gold and silver prices surged on Tuesday, recovering from recent steep losses. Analysts attribute the volatility to profit-booking and technical factors but maintain a positive long-term outlook.
Zensar Close to Acquiring Mastek in $900M Deal
Zensar Technologies is reportedly finalizing an $850-900 million stock-and-cash acquisition of Mastek, creating a $1.3 billion IT services powerhouse amid industry consolidation driven by AI transformation.
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