No cut in capex; SASCI release in FY25 crosses ₹1.46 lakh crore, says FM Sitharaman
Business

No cut in capex; SASCI release in FY25 crosses ₹1.46 lakh crore, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said that capital expenditure has not been lowered. Also, actual release under Scheme for Special Assistance to States for

Thousands of Britons to have welfare income cut by more than 60%
Finances

Thousands of Britons to have welfare income cut by more than 60%

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of Britons

Cut in incentive for low-value BHIM-UPI transactions: Payment service providers’ financial sustainability at risk, warns PCI
Business

Cut in incentive for low-value BHIM-UPI transactions: Payment service providers’ financial sustainability at risk, warns PCI

The Payments Council of India (PCI) has cautioned payment service providers (PSPs) about their financial sustainability being at severe risk, a day after the government

Morgan Stanley to cut 2,000 jobs amid operational efficiency drive
Business

Morgan Stanley to cut 2,000 jobs amid operational efficiency drive

Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on

UK’s red tape cut should follow business world’s dotted lines
Finances

UK’s red tape cut should follow business world’s dotted lines

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Not chainsaws, but bonfires. That’s

Tensions grow over UK government plan to cut welfare payments
Finances

Tensions grow over UK government plan to cut welfare payments

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tensions within the Labour party

Trump’s tariff threat: J&K apple growers fear import duty cut will undercut local produce
Business

Trump’s tariff threat: J&K apple growers fear import duty cut will undercut local produce

    Reports of the union government considering a reduction in import levies on apples, walnuts, almonds, and cranberries have alarmed local cultivators in Jammu

Trump’s tariff threat: J&K apple growers fear import duty cut will undercut local produce
Business

Trump’s tariff threat: J&K apple growers fear import duty cut will undercut local produce

    Reports of the union government considering a reduction in import levies on apples, walnuts, almonds, and cranberries have alarmed local cultivators in Jammu

EU explores new military intelligence satellites to cut reliance on US
Finances

EU explores new military intelligence satellites to cut reliance on US

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is exploring building a

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies
Business

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies

The fundamentals of Non-Banking Financial Companies (NBFCs) are showing signs of improvement as macroeconomic challenges ease and the Reserve Bank of India (RBI) adopts a

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