Indian Development News ๐Ÿ‡ฎ๐Ÿ‡ณ
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Rashtrapati Bhavan Statement on comments made by Congress Leaders against Hon'ble President Address to the Parliament

#Parliament
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Trump Admin announced 25% tariffs on Canada and Mexico, and 10% tariffs on China, starting from Feb 01

#InternationalNews
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India Plans to Start Accepting MIR Cards

This was announced by the Indian Ambassador to Russia, Vinay Kumar. According to him, India also plans a simultaneous entry of its payment system RuPay into Russia.

Sanctions against the MIR payment system have been in effect since February 26, 2024.

#Geopolitics #Dedollarisation
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Infographic: U.S. Dollar Defends Role As Global Currency

This chart shows the share of the United States/the U.S. dollar in the global economy and global financial transactions.

#Geopolitics #Dedollarisation #Economy
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Finance Minister Nirmala Sitharaman to present the Union Budget FY2025-26 today

#Budget #Economy
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In this Budget, the proposed development measures span 10 broad areas ~ Finance Minister

#Budget
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Govt announces establishment of Makhana Board in Bihar.

#Budget
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Budget to initiate reforms in 6 domains -- taxation, urban development, mining, financial sector, power and regulatory reforms ~ Finance Minister

#Budget
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Govt to launch 6-year program for Atamnirbharta in pulses with special focus on tur, urad, and masoor.
Nafed and NCCF will procure pulses in the next four years. ~ Finance Minister

#Budget
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A new urea plant with a 12.7 lakh metric ton annual capacity will be established in Namrup, Assam

#Budget #GreenEnergy
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The investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively.

#Budget
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A scheme for 5 lakh SC, ST women entrepreneurs to provide term loans upto 2 crore rupees during the next 5 years.

#Budget
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National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar to provide a strong fillip to food processing activities in the entire Eastern region.

#Budget
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Government to enhance limit for interest subvention scheme for Kisan Credit Card from Rs 3 lakh to Rs 5 lakh.

#Budget
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Funds for startups to be set up with Rs 10,000 crore contribution from Government

#Budget
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3 Center of Excellence on AI will be setup with outlay of 500 Crore

#Budget
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Jal Jeevan Mission extended till 2028, to ensure 100% Coverage

#Budget
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4 New Greenfield Civilian Airport to be Opened in Bihar

#Budget
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