Budget 2023 Live Updates: Expectations from Sitharaman high in pre-poll year

Real sector’s expectations on budget  The real estate sector has managed to bounce back following the dry spell due to Covid-19 pandemic. The housing sector is eyeing a robust demand in the upcoming financial year. The key expectations include relaxations in taxes, reduction in stamp duty, reduction in GST on raw materials like cement and … Read more

India’s green goals ambitious, but show us the money, says Economic Survey

The Economic Survey emphasised India’s commitments for climate actions, but noted that “availability of adequate and affordable finance remains a constraint” for the country whose priority is to grow economically and integrate development goals with climate action targets.Putting focus on the growth paradigm, the survey quoted Nobel laureate Thomas Schelling (2005) who argued that the … Read more

Covid vax drive boosts Budget spend on health

India’s budgeted expenditure on the health sector reached 2.1% of the GDP in financial year 2023 (Budget estimates) and 2.2% in FY 2022 (revised estimates). This is closer to the recommendations made in the National Health Policy 2017 as well as the 15th Finance Commission. Both recommended increasing the government’s health expenditure to 2.5% by … Read more

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode, short position liquidations cleared out unhealthy … Read more

Antony Blinken To Discuss Russia’s War On Ukraine With Chinese Officials

According to reports, Blinken will seek to get talks on these issues “restored and/or revitalized”. Washington: U.S. Secretary of State Antony Blinken will discuss Russia’s war in Ukraine with Chinese officials during a Feb. 5-6 trip to China, White House national security spokesman John Kirby said on Tuesday. Kirby told reporters that talks on a … Read more

EU-Ukraine Summit To Take Place In Kyiv On Friday

The Ukraine-EU summit will be held in Kyiv on February 3,” Prime Minister Denys Shmygal told. Kyiv: Ukraine’s prime minister announced that a summit with the European Union will take place in Kyiv on Friday that would send a “powerful signal” to Moscow and the world, almost a year after Russia launched its invasion. Also … Read more

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.  According to the announcement, the investment will be used to develop blockchain … Read more

Big-ticket investors ensure Adani FPO 112% subscribed

NEW DELHI: Mumbai: Support from high networth investors ensured India’s biggest follow-on public offering (FPO), the Rs 20,000-crore Adani Enterprises’ (AEL) issue, achieved full subscription on the last day of bidding. However, there was a tepid response from retail investors and employees.The flagship of the Adani Group received total bids for 5.1 crore shares, against … Read more