Finance Minister Nirmala Sitharaman held a performance review meeting with public sector bank leaders on Monday, urging them to boost deposit growth. She advised bank chiefs to concentrate on core banking activities and accelerate deposit growth by introducing innovative products.

During a post-budget meeting with the central board of the Reserve Bank of India (RBI) on Saturday, Sitharaman highlighted the need for banks to adopt “old-fashioned” methods to attract deposits through innovative and appealing schemes.

Sitharaman asserted that critics should have consulted their state finance ministers, who are integral members of the GST Council.

Over the past decade, the debt burden has seen a dramatic rise. From ₹29,972 crore in 2010-11, the liabilities have more than tripled, growing by approximately 3.5 times in just ten years.

This announcement follows the Union Budget 2024, during which Finance Minister Nirmala Sitharaman revealed a substantial cut in the import duty on gold from 15% to 6%.

In his letter to the Finance Minister, Gadkari expressed the concerns of the Nagpur Division Life Insurance Corporation Employees Union. The union had submitted a memorandum highlighting the issues faced by the insurance industry.

This Bill aims to authorise payments and appropriations from the Consolidated Fund of the Union Territory of Jammu and Kashmir for the financial year 2024-25.

Responding to Siddaramaiah, Sitharaman said the state’s economy worsened mainly owing to the hike in prices of fuel, milk and stamp duty as well as poor capital expenditure.

The accusation was swiftly countered by Union Finance Minister Nirmala Sitharaman and a fact-check by the Press Information Bureau (PIB).

During a meeting in the capital, Sarma expressed gratitude for the budget’s provisions, which he described as pivotal for a "Viksit Bharat."

The budget seeks to address pressing challenges while positioning India for long-term growth and prosperity in an uncertain global financial landscape.

Limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun' category.