FM announces PM Dhan-Dhaanya Krishi Yojana to boost agriculture
Finance Minister Nirmala Sitharaman on Saturday announced ‘Prime Minister Dhan-Dhaanya Krishi Yojana’, which is likely to aid 1.7 crore farmers to boost agricultural productivity.
Finance Minister Nirmala Sitharaman on Saturday announced ‘Prime Minister Dhan-Dhaanya Krishi Yojana’, which is likely to aid 1.7 crore farmers to boost agricultural productivity.
The Assam government has announced financial assistance of Rs 5 lakh to the family of Hailakandi-based businessman Niti Ranjan Pal, who tragically lost his life in a stampede at the Maha Kumbh Mela in Prayagraj on Wednesday.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
Rating agency Fitch has said that the gross non-performing assets (NPAs) of Indian banks may decline by 40 basis points to 2.4% by March 2025. It may further drop by 20 basis points in the next financial year, it added.
In terms of FTAs, India has signed nearly eight key agreements this year.
US-based GQG Partners has been allocated the highest number of shares, worth Rs 1,345 crore, while Fidelity Investments has invested about Rs 772 crore in Vodafone Idea's FPO.
The overall exports (Merchandise and Services combined) in FY 2023-24 are estimated to be USD 776.68 Billion, exhibiting a positive growth of 0.04 per cent over FY 2022-23.
The robustness in banking architecture in India of late is revealed by bank credit growth that stood at 20.2 per cent in 2024 (net Rs 27.6 lakh cr), continuing the momentum of FY23 (15 per cent) and moving sizably up from FY22 (8.6 per cent), it added.
The inflation also eased in March from February’s 5.09%.
The Sensex was down 793.25 points or 1.06 percent at 74,244.90, and the Nifty was down 234.40 points or 1.03 percent at 22,519.40.
