financial crisis
| March 12, 2024, 10:47 a.m.
Supreme Court Urges Centre to Provide One-Time Financial Package to Kerala to Address Crisis
The Supreme Court, headed by Justice Surya Kant, has urged the Centre to extend a one-time financial package to Kerala to help the state overcome its current financial crisis before March 31. While initially hesitant, the Centre agreed to discuss the matter and report back to the court. The court emphasized that Kerala could be granted special assistance with stricter conditions, considering it a unique case. The exchange occurred during a hearing on Kerala's plea alleging violations of federal governance by the Union government, which imposed limitations on the state's borrowing powers.
Read More.| March 12, 2024, 7:04 a.m.
Byju's Shifts to Remote Work as Offices Vacated Amid Financial Crisis
Edtech giant Byju's has instructed its 14,000 employees to work from home as it vacates all its offices across the country, except for its headquarters in Bengaluru. The move comes as Byju's grapples with financial difficulties, including cash-flow problems and a dispute with creditors over a $1.2 billion loan. The company's valuation has reportedly plummeted by 90 percent over the past year, and it has faced challenges such as the removal of its CEO Byju Raveendran and issues with corporate governance. Byju's tuition centers, however, will continue to operate despite the office closures.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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