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2023 Union Budget Of India
The 2023 Union Budget of India was presented by the Minister of Finance of India on February 01, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31,2023 before the budget. History The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. The first Union Budget of Independent India was presented by RK Shanmukham Chetty on 26 November 1947. While presenting the 2023 Union Budget, Finance Minister Nirmala Sitharaman said in her speech: "This Budget lays a futuristic 'Amrit Kaal' for women, youth and marginalised communities, big public investment for infrastructure guided by PM Gati Shakti, productivity enhance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget Of India
The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance minister, Finance Minister in Parliament of India, Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'. While a 'Vote on Account' deals only with the expenditure side of the government's budget. An interim budget is a complete set of accounts, including bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mamata Banerjee
Mamata Banerjee (; born 5 January 1955) is an Indian politician who is serving as the eighth and current List of chief ministers of West Bengal, chief minister of the States and union territories of India, Indian state of West Bengal since 20 May 2011, the first woman to hold the office. Having served many times as a Union Cabinet Minister, Mamata Banerjee became the Chief Minister of West Bengal for the first time in 2011. She founded the All India Trinamool Congress (AITC or TMC) in 1998 after separating from the Indian National Congress, and became its first chairperson. She is often referred to as 'Didi' (meaning ''elder sister'' in Bengali language, Bengali). Banerjee previously served twice as Minister of Railways (India), Minister of Railways, the first woman to do so. She is also the second female Ministry of Coal, Minister of Coal, and Ministry of Education, Minister of Human Resource Development, Ministry of Youth Affairs and Sports, Youth Affairs and Sports, Ministr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BSE SENSEX
The BSE SENSEX (also known as the S&P Bombay Stock Exchange Sensitive Index or simply SENSEX) is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the SENSEX was taken as ''100'' on 1 April 1979 and its base year as ''1978–79''. On 25 July 2001 BSE launched DOLLEX-30, a dollar-linked version of the SENSEX. Etymology The term Sensex was coined by Deepak Mohoni, a stock market analyst in 1989. BSE Sensitive Index then was at about 750 points. it is a portmanteau of the words Sensitive and Index. Calculation The BSE has some reviews and modifies its composition to be sure it reflects current ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a readership of over 800,000. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is published by Bennett, Coleman & Co. Ltd. The founding editor of the paper when it was launched in 1961 was P. S. Hariharan. The current editor of ''The Economic Times'' is Bodhisattva Ganguli. ''The Economic Times'' is sold in all major cities in India. Other ventures In June 2009, The Economic Times launched a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axis Bank
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group ( United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC and UTI). The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. History The bank was founded on 3 December 1993 as UTI Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai. The bank was promoted jointly by the Administrator of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amitabh Chaudhry
Amitabh Chaudhry is an Indian banker, and the managing director (MD) and chief executive officer (CEO) of Axis Bank, the third largest private sector bank in India. He joined Axis in January 2019, after heading HDFC Life Insurance for nine years. Education Chaudhry is an engineer from Birla Institute of Technology and Science, Pilani, and pursued post graduation in business management from Indian Institute of Management Ahmedabad. Career Prior to HDFC Life, Chaudhry was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies Ltd. Chaudhry began his career with Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ... in 1987 and undertook diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDFC First Bank
IDFC First Bank (formerly IDFC Bank) is an Indian Private Sector Bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First Ltd., an Indian non-bank financial institution. It is the first universal bank to offer monthly interest credit on savings accounts, lifetime free credit cards with dynamic and low annual percentage rates. History IDFC Limited was set up in 1997 to finance infrastructure projects in India. It diversified into investment banking & institutional securities (2007), Mutual Funds (2008), Infrastructure Debt Fund (2015). In 2014, the Reserve Bank of India granted an in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity - IDFC Bank. The bank was launched through this demerger from IDFC Limited and it was officially inaugurated by Prime Minister of India Narendra Modi in October ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JSW Group
JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group. The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the United States, South America, and Africa. Group companies *JSW Steel – JSW Steel has one of the world's largest single blast furnaces with a capacity of 4.8 MTPA. JSW's overall installed capacity is 23 MTPA. *JSW Energy – JSW Energy has a power generation capacity of 4531 megawatts. *JSW Infrastructure – Based in Mumbai, its primary business interests are in the development of infrastructure for ports, roads, and rail connectivity. *JSW Cement – JSW Cement has a capacity of 17 MTPA. *JSW Paints – On 2 May 2019, JSW Group established JSW Paints with a total investment of , with 250 of equity investment and a ₹350 crore debt investment from Axis Bank. *JSW Ventures – JSW Ventures is the venture capital arm of JSW Group which invests ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sajjan Jindal
Sajjan Jindal (born 5 December 1959) is an Indian billionaire industrialist. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business. For 2021-2022, he served as the chairman of World Steel Association. He was replaced by POSCO's Jeong-Woo Choi. Early life and education He is one of the sons of Indian businessman and parliamentarian, Om Prakash Jindal. His youngest brother, Naveen, is a former Member of Parliament of India from the Indian National Congress party and also leading Jindal Steel and Power. According to ''Forbes'', Jindal family led by Savitri Jindal is worth US$14.5 billion, as of 2021. Sajjan Jindal holds a bachelor's degree in mechanical engineering from the Ramaiah Institute of Technology, Bangalore. Career In 1982, he joined the OP Jindal Group as a freshly graduated mechanical engineer, and within a year he moved to Mumbai to look after the western regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederation Of Indian Industry
The Confederation of Indian Industry (CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895. CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas. It is a membership-based organisation. History The journey of CII began in 1895, when 5 engineering firms - Martin & Company, Burn & Company, John King & Company, Jessop & Company, and Turner Morrison & Company – decided to form the Engineering and Iron Trades Association (EITA). To promote the interests of Indian manufacturers, EITA was renamed as Indian Engineering Association (IEA) in 1912. In 1942, the Engineering Association of India (EAI) was founded to promote the interests of small and medium engineering firms. In 1974, EAI merged with IEA and formed the Association of Indian Engineering Industry (AIEI) which in 1986 became the Confederation of Engineering Industry (CEI). The CEI in 1991, bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bajaj Finserv
Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in Pune. It is focused on lending, asset management, wealth management and insurance. History The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFS) as part of the concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007. It is a financial conglomerate with stakes in the financing sector (Bajaj Finance), the life insurance business (Bajaj Life Insurance), and the general insurance business (Bajaj General Insurance). Bajaj Holdings and Investments Limited is the parent company which holds 39.29% stake in Bajaj Finserv. The former has been registered as a Non–Banking Financial Company (NBFC) under the Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The company employs over 20,154 employees at 1,409 locations, and is engaged in consumer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanjiv Bajaj
Sanjiv Bajaj (born 2 November 1969) is an Indian businessman and Chairman MD & CEO of Bajaj Finserv. Early life and education Born into the Bajaj family, Sanjiv is the great-grandson of founder Jamnalal Bajaj and the younger son of Bajaj Group chairman, Rahul Bajaj. He completed his schooling at a Catholic convent school run by the Swiss missionaries. He then pursued his mechanical engineering degree from the University of Pune, masters degree in manufacturing systems engineering from the University of Warwick, and a management degree from Harvard Business School. Sanjiv is married to Shefali Bajaj and has two kids. Career Bajaj began his career in 1994 with Bajaj Auto. During his years at Bajaj Auto, he dabbled in various roles, including heading finance, legal & international business functions within the organisation. He was credited in bringing American-style supply chain management in the Bajaj Auto using General Motors as a model. Currently, he is serving as the no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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