Do you know what Jaitley means when he utters then word ‘fiscal deficit’ in his budget speech? Do you how the government describes its borrowing? Do you know what the government does when it cannot finance its own expenditure? Learn from this video

Do you know what Jaitley means when he utters then word 'fiscal deficit' in his budget speech? Do you how the government describes its borrowing? Do you know what the government does when it cannot finance its own expenditure? Learn from this video

10 Budgetary lingos you never knew you knew

Domestic carrier IndiGo on Saturday said it has arranged an alternative aircraft to fly the stranded passengers after its Mumbai-Istanbul flight of December 28, scheduled to depart at 6.55 am, had to be cancelled due to a technical glitch.
The long delay prompted some of the  passengers to vent their anger on social media. No food or even water was served and there was no representative from the airline willing to listen to their grievances, some passengers claimed.
The alternative aircraft will depart for Istanbul at 11 pm, the airline said in a statement.  "We regret that our flight 6E17, originally scheduled to operate from Mumbai to Istanbul, faced a delay due to technical issues. Unfortunately, despite our best efforts to rectify the issue and dispatch it to the destination, we eventually had to cancel the flight," IndiGo said in a statement.
"Mumbai to Istanbul journey suspended after 10 hours waiting by passengers. Information that there are around 100 passengers in this ...

The long delay prompted some of the passengers to vent their anger on social media. No food or even water was served and there was no representative from the airline willing to listen

UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.
Vodafone Group had pledged almost the entire stake in VIL to raise the debt.
The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.
"On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares o

The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group

Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained.
Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability - who is liable if an accident or mishap occurs due to the use of AI.
As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said.
"We are working towards a future where AI is integrated seamlessly into everyday operations beyond

As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees

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The BJP government of Rajasthan has decided to dissolve nine districts formed by the previous Congress dispensation, saying they were neither "practical" nor in "public interest".
Three new divisions were also dissolved in a state cabinet meeting chaired by Chief Minister Bhajan Lal Sharma on Saturday. The state will now only have seven divisions and 41 districts, Parliamentary Affairs Minister and Law Minister Jogaram Patel said.
In another decision taken in the cabinet meeting, CET scores would be valid for three years in Rajasthan, instead of one year.
The state Congress leadership has condemned the decision and said that it will move court if needed.
The previous Ashok Gehlot government had formed 17 new districts and three new divisions. It had also issued a notification for three new districts, which is also being cancelled by the Bhajan Lal Sharma government.
Minister Jogaram Patel said that decisions were taken on the basis of a report by a cabinet sub-committee and an exp

The cabinet has decided not to retain nine newly created districts -- Anupgarh, Dudu, Gangapur City, Jaipur Rural, Jodhpur Rural, Kekri, Neem Ka Thana, Sanchore and Shahpura

Chief Minister Bhajanlal Sharma said on Saturday that the all-round development of Rajasthan and the welfare of the residents is the only aim of the state government.
He said that every MLA has an important role in fulfilling this aim. As a public representative, they should be ready to work in the public interest.
Sharma was addressing a meeting with the MLAs of the Kota division at his residence on Saturday regarding the implementation of the announcements of the previous budget and preparations for the upcoming budget.
According to the official statement, Sharma said that the public elects an MLA with a lot of aspirations and expectations. In such a situation it is the responsibility of the public representative to live up to the trust of the people.
In the meeting, the chief minister took detailed information from each MLA about the progress of the work of the budget announcements related to their assembly constituency.
Sharma said that the state government has given a lot of 

Sharma was addressing a meeting with the MLAs of the Kota division at his residence on Saturday regarding the implementation of the announcements of the previous budget

Communications Minister Jyotiraditya Scindia has met Finance Minister Nirmala Sitharam to discuss India Post's path to profitability, an official release said on Saturday.
Scindia, along with officials from the Department of Posts, presented their capital expenditure demands to the finance minister to make it a profit centre by 2029.
Scindia aims to make India Post globally competitive and has been leading Department-wide efforts to drive higher customer acquisition, retention and operational efficiency.
During the meeting with the finance minister, Scindia presented a new development plan for India Post and said the department is working on rationalising costs and aiming to make most processes digital.
The minister hopes to make the department a profit-making logistics company with a focus on customer satisfaction, as per the release.
He also mentioned that the ongoing Business Process Re-engineering (BPR) exercise will benefit a lot from the investment from the finance ministry.

Scindia, along with officials from the Department of Posts, presented their capital expenditure demands to the finance minister to make it a profit centre by 2029

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

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10 Budgetary lingos you never knew you knew

Do you know what Jaitley means when he utters then word ‘fiscal deficit’ in his budget speech? Do you how the government describes its borrowing? Do you know what the government does when it cannot finance its own expenditure? Learn from this video

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