Stage set for FM Sitharaman to present Budget 2025-26 tomorrow

IANS | January 31, 2025 8:50 PM

New Delhi, Jan 31 (IANS) The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity.

Banks in robust health as NPAs down to 12-year low, profit up 22.2 per cent: Economic Survey

IANS | January 31, 2025 5:47 PM

New Delhi, Jan 31 (IANS) India's monetary and financial sectors have performed well in the first nine months of the Financial Year 2024-25 with the gross NPAs of banks now down to a 12-year low of 2.6 per cent at the end of September 2024 while their profitability improved during H1 of FY25, with profit after tax surging by 22.2 per cent year-on-year, the Economic Survey stated.

India will have to rely on domestic growth drivers: CEA Nageswaran

IANS | January 31, 2025 4:45 PM

New Delhi, Jan 31 (IANS) India's Chief Economic Advisor V. Anantha Nageswaran said on Friday that the country will have to rely on domestic growth drivers as "the era of globalisation, faster and larger movement of trade and goods and services is behind us".