Union Budget 2022- Key Highlights – All You Need to Know

The Union Budget 2022 was announced on 1st February 2022, in the wake of upcoming elections in 5 states- Uttar Pradesh, Goa, Punjab, Uttarakhand and Manipur. It was expected to be a populist budget, along with a boost to education, EV industry and renewable energy. However, not all of these expectations were met in the …

Atmanirbhar Bharat- Actual Fiscal cost of the INR 20 lakh crore package & Who gets what?

The Finance Minister of India, Nirmala Sitharaman announced the various measures of the 20 lakh crore relief package over five tranches. However, these also included the relief announced by the Finance Minister earlier and liquidity measured provided by the RBI. Here is the breakup of the INR 20 lakh crore package-   However, as per …

Mukesh Ambani bails out Anil Ambani, Jet runs into more troubles, Hostile takeover of Mindtree- Weekly Digest #80

Monday- 18th March 2019 Mukesh Ambani helped his brother Anil from imprisonment by paying money owed by him to Ericsson. The bailout came in critical time as Tuesday was the deadline for Anil’s RCom to clear ₹580 crore due to the Swedish equipment maker. L&T has bought a 20.32% stake in Mindtree for ₹3,269 crore …

Mallya’s assets under dispute, US withdraws duty benefits to India, Nifty reclaims 11K – Weekly Digest #79

Monday- 4th March 2019 Two shareholders of UTI AMC, SBI and LIC have sought more time from the SEBI to divest their stake in the asset manager, but SEBI has declined them an extension of time. Last year, the SEBI introduced a cross-holding limit in mutual funds to eliminate potential conflicts of interest. Zomato Media, …