Tamil Nadu Chief Minister M K Stalin-led DMK regime on Friday presented its Budget 2025-26 in the Assembly, a full-fledged exercise ahead of the state election next year, and made big allocations for its flagship welfare schemes which include the fare-free bus travel scheme for women. Noisy scenes were witnessed in the Assembly as the … Read more
The Tamil Nadu government has allocated ₹3,600 crore in subsidies for its flagship free bus ride scheme for women in the 2025-26 Budget, presented in the Assembly on March 14, ahead of next year’s state elections. Finance Minister Thangam Thenarasu, highlighted the scheme’s growing impact, stating that the percentage of women using fare-free bus services … Read more
SUMMARY Tamil Nadu Budget 2025: Finance Minister Thangam Thennarasu presented Budget 2025 in the Legislative Assembly on Friday, March 14. These are the key takeaways. By CNBCTV18.com March 14, 2025, 2:24:16 PM IST (Updated) 1 / 11 Education: The Tamil Nadu government will disburse ₹2,500 crore education loans to 1 lakh college students. ₹1,000 crore has … Read more
Former Reserve Bank of India (RBI) Governor D. Subbarao has defended the RBI against criticisms of slowing economic growth, arguing that the central bank’s tight policies were necessary to control inflation and maintain financial stability. The RBI’s tight liquidity policies led to short-term growth sacrifices, but Subbarao defended them as necessary. He argued that “low … Read more
The lending landscape in India is shifting, with Gen Z favouring short-term loans over big-ticket borrowing like home loans. This trend reflects their preference for flexibility and immediate consumption needs. “Gen Zs prefer consumption loans for their ‘here and now’ needs,” says Bhavesh Jain, MD and CEO of TransUnion CIBIL. Post-COVID, credit demand has surged … Read more
It was one of those rare double delights: Consumer inflation, or CPI, for February at 3.61% has come in lower than the CNBC-TV18 poll estimate of 3.85%, while January industrial output (IIP) at 5% has come in higher than the poll estimate of 3.4%. Nothing pleases as much as a higher delta for growth and … Read more
The US economy is set to slow further, with S&P Global Market Intelligence forecasting GDP growth to decline from 2.8% in 2024 to 1.9% in both 2025 and 2026, followed by 1.6% in 2027, according to a report cited by ANI. The firm expects the Federal Reserve to hold interest rates steady until December 2025. “S&P … Read more
Several Indian states are presenting their budgets for the financial year 2025-26, outlining key allocations and fiscal projections. From Maharashtra’s ₹7 lakh crore budget to Karnataka’s ₹4.08 lakh crore plan, here’s a breakdown of the major announcements across states. By CNBCTV18.com March 11, 2025, 1:40:17 PM IST (Published) Maharashtra | Finance Minister Ajit Pawar presented his … Read more
Days after India and the US formally started negotiations on a bilateral trade agreement, US Embassy spokesperson Chris Elms said President Donald Trump’s “Fair and Reciprocal Plan” is aimed at correcting long-standing imbalances in international trade and bringing back fairness to America’s trade relationships. “The United States is one of the most open economies in … Read more
India’s ongoing trade negotiations with the United States could inadvertently benefit China more than America, according to former Foreign Secretary Kanwal Sibal. In an interview with CNBC-TV18, Sibal warned that a broad-based trade deal, as advocated by US Commerce Secretary Howard Lutnick, would not serve American interests as expected. “If we don’t negotiate a product-based … Read more