Daim Zainuddin, a prominent figure in Malaysian politics and former Finance Minister under Mahathir Mohamad, has passed away at the age of 86. He was known for his significant contributions to the country’s economic development and faced corruption charges earlier this year.
Finance Minister Nirmala Sitharaman will be traveling to the United States from October 16th to 28th to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington D.C. The meetings are anticipated to address key global issues like poverty reduction, economic development, and sustainable development.
India’s Finance Minister Nirmala Sitharaman will embark on an official visit to Uzbekistan from September 24-28 to participate in the 9th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) in Samarkand. The meeting, scheduled for September 25-26, will bring together delegates from around 80 countries and international organizations. Sitharaman will also hold bilateral talks with her counterparts from Uzbekistan, Qatar, and China.
India’s Finance Minister Nirmala Sitharaman has clarified that the newly launched Unified Pension Scheme (UPS) is a new offering and not a rollback of the existing New Pension Scheme (NPS) and Old Pension Scheme (OPS). She also accused the Opposition Congress party of spreading misinformation about the UPS.
RPG Enterprises Chairman Harsh Goenka shared a humorous video of Rajya Sabha member Ramdas Athawale commenting on the Union Budget 2024. Goenka’s witty reaction highlights the viral nature of Athawale’s commentary, drawing attention to the budget’s key provisions like agricultural support, employment schemes, and tax changes.
Finance Minister Nirmala Sitharaman is set to present India’s 7th consecutive budget on Tuesday, outlining a roadmap for a developed India by 2047. The budget is expected to include tax relief for the middle class, fiscal deficit reduction, and increased capital expenditure. Key figures to watch include fiscal deficit, capital expenditure, tax revenue, GST collection, borrowing, nominal GDP, and dividends from the RBI and financial institutions.
