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New Delhi: The central government may present a big roadmap for the banking sector in the upcoming Budget 2026-27. Finance Minister Nirmala Sitharaman can decide the direction of further integration of government banks, which aims to build big and strong banks that can compete globally. At present, very few Indian banks are among the top banks in the world. The government has already made it clear that big banks are necessary to strengthen the banking sector. Under this vision, government banks have been integrated in the last few years. In the year 2017, where the number of government banks was 27, it has now come down to 12. This move has strengthened the financial position of banks and increased their lending capacity. Now in the Budget 2026, the government can present a roadmap to take this process forward. SBI becomes country 's strongest bank State Bank of India is the biggest example of the government 's banking reform policy. In the year 2017, its associate banks...
New Delhi: The shares of Bharat Coking Coal Limited (BCCL) stock made a dream debut on the stock market on Monday. On NSE, the BCCL shares made debut at Rs 45 rupees apiece, thus listing with a gain of 95.65 percent. The PSU company had set a price band of Rs 21 to 23 per share for its IPO. Bharat Coking Coal IPO opened for subscription on January 9 and closed on Tuesday, January 13. According to BSE data, the total subscription rate was 143 times on the last day of IPO. The public offer received a massive subscription. The minimum lot size in the BCCL IPO was 600 shares, and investors received a return of about Rs 13,200 rupees on each lot on the day of listing. BCCL IPO Subscription details Bharat Coking Coal IPO received an overwhelming response from investors. The public issue was subscribed a total of 143.85 times. Talking about category-wise subscriptions, the issue got 49.37 times the subscription in the category of retail investors. At the same time, qualified institutional...
New Delhi: Safe savings and better returns have become the first need of every investor in the era of inflation. After repeated repo rate cuts by the Reserve Bank of India in the last one year, many banks have reduced the interest rates of fixed deposits i.e. FDs. In such a situation, the government 's small savings schemes are becoming a better option for the common people. One of these is the National Savings Certificate (NSC). This is a fully government-guaranteed scheme, in which your money remains safe and interest is also paid. Currently, the government is offering 7.7 percent annual interest on NSC, which is more than the 5-year FD of many big banks. This is why the demand for NSC is increasing rapidly among the middle class and the salaried class. The special thing is that those who opt for the old tax rules i.e. Old Tax Regime also get tax exemption under Section 80C. Therefore, NSC has now become not only a means of saving, but also a strong source of tax planning. NSC...
New Delhi: In today 's time, women are moving forward in every field, but many times financial scarcity becomes a hindrance in the way of their dreams. Especially for women belonging to rural and backward classes, it is not easy to start their own work. To make such women self-reliant and to make their dreams fly, the Central government has started the Mahila Samriddhi Yojana. This scheme not only provides training and financial assistance to women, but also provides them the opportunity to stand on their feet and live life with dignity. What is Mahila Samriddhi Yojana? Mahila Samriddhi Yojana is a scheme of the central government, which has been started to make poor and backward class women self-reliant. The objective of this scheme is to encourage women for self-employment and to provide financial assistance to them. Under this, women are trained in groups (self-help groups) and allowance is also received during training. After completion of training, women are given a...
New Delhi: Like every year, the budget for the financial year 2026-27 is set to be presented on February 1, but this time this budget is special in some ways. Usually, the Parliament session is not held on Saturday and Sunday, whereas this time the date of presentation of the budget falls on Sunday. Until a few days back, people had doubts about whether the budget would be presented this time on Sunday or not. After the official announcement made by the central government, it became clear that the budget would be presented on February 1. Is this going to happen for the first time that the budget is being presented on a Sunday. Let’s see… Is the budget being presented on Sunday for the first time in the country? The answer is — yes. Never before has the budget been presented on the last day of a week. A similar coincidence occurred during the tenure of former prime minister Atal Bihari Vajpayee in 1999. At that time the budget was presented on 28th February and thai day was...
New Delhi: The cement industry may see a sharp rise in prices in the first quarter of 2026. The reason for this is said to be the late effect of strong demand and large capacity increases according to the weather. This is stated in a report by HSBC Global Investment Research. The report states the cement industry could announce a big price hike in the first quarter of 2026 and due to strong seasonal demand, some effects of these increases will be easily absorbed in the market. Cement Price Hike possible in Q1 2026 The report also states that even though the production capacity of the cement industry has increased, its effect will not be visible immediately. According to the report, more than 100 million tonnes of new capacity is expected to be added to the industry during FY26-27, which is more than the growing demand. However, the real impact of this potential will be seen in the later part of CY26, which may keep the cement prices high in the first half of CY26. The report also...
New Delhi: The world is slowly turning to minerals without which modern technology cannot work. These are called rare earth minerals. They play an important role in making mobile phones, electric vehicles, solar panels, wind power, defence equipment and semiconductors. So far, China has dominated the global supply of these minerals. Last year, China increased the strictness of its export of rare earth minerals, which threatened the industrial supply chain of many countries. In such a situation, India is changing its strategy. Now instead of relying only on imports, India wants to access these important minerals through its own mining and partnership. In this direction, Bharat Coking Coal Limited, a subsidiary of Coal India, has taken a big step. The company is now exploring partnerships in rare earth mining in many countries including Australia, Russia and Africa. Coal India 's new global quest Bharat Coking Coal Limited, a subsidiary of Coal India, is considering investment and...
New Delhi: There is not much time left for the Union Budget 2026 to be presented. The hopes of crores of taxpayers of the country are once again betting on Finance Minister Nirmala Sitharaman. In the last few years, the government has taken many steps to promote the new tax regime, but considering inflation and changing needs, this time some big decisions could be announced in the budget. If you look at the demands of experts and the industry, the Finance Minister may announce relief on these 10 big issues in his budget speech. Changes in the tax slab In the last budget, the government changed the tax slab of the new regime and made income of up to Rs 12 lakh tax-free. However, taxpayers who opted for the old regime did not get any relief. This time it is expected that the government can make some changes to the tax slab of the old regime, so that people of the old regime can also benefit. Reduction in the number of TDS rates Currently, many different rates of TDS (TDS) are applicable...
New Delhi: Amidst the uncertainty regarding the trade deal between India and the US, Commerce Secretary Rajesh Agarwal on Thursday said that the first part of the India-US trade agreement, which could reduce mutual tariffs on Indian exports is expected to be finalised soon. However, he said that no timeline can be specified right now. A virtual meeting was held between India 's Commerce Minister Piyush Goyal and the US Trade Representative (USTR) and the negotiating teams on both sides are constantly negotiating to reach a consensus. US tariffs on Indian goods The US has imposed a tariff of 50 percent on most Indian goods, which is the highest in the world. He said that India expects exports to the US to remain positive, given that electronics shipments, which are now tariff-free, have been a main driver till now, even though high duties are affecting other sectors. Agarwal said that both countries are engaged in negotiations and are committed to confirming the deal. He rejected...
New Delhi: India 's market regulator SEBI has given in-principle approval to NSE 's settlement application in the long-running unfair market access case, removing a major regulatory hurdle for the exchange 's long-awaited listing. SEBI Chairman Tuhin Kant Pandey said on Thursday that the regulator has accepted the settlement proposal at the in-principle level. According to a Reuters report, Pandey also said that the government has approved the reduction of 2.5 percent stake in the exchange and a notification will be issued regarding this soon. This development is considered the strongest sign so far that the country 's largest stock exchange is finally approaching an IPO . Earlier, Pandey had said that the No-Objection Certificate (NOC) for public offers will be issued later this month. Long-Awaited NSE IPO Nears Reuters had earlier reported that the NSE is planning to file its draft listing papers by the end of March. The exchange is understood to be in talks with...
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