SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions, ETCFO

As the Union Government gears up for Budget 2025, a report by State Bank of India stated that the government should give significant focus to revitalizing the insurance and healthcare sectors in the country. The report also noted that the government should consider exempting GST and taxes on term and health insurance premiums, increase the […]

Economy

Union Budget likely to raise subsidy spending by 8% to ₹4.1 lakh crore next fiscal

India is likely to raise spending on food, fertiliser, and cooking gas subsidies to ₹4.1 lakh crore ($47.41 billion) in the next fiscal year, government sources said, a moderate 8 per cent year-on-year increase to cover higher food and energy costs. Finance Minister Nirmala Sitharaman will present the national budget on Feb. 1, amid slowing […]

Children spending more time on phone instead of playing outside? Study says they are likely to be depressed and anxious | Health

Being active is just as important for adults as it is for kids. Regular physical activity plays a crucial role in maintaining both physical and mental well-being. A study published in the Journal of Autism and Developmental Disorders illuminated a very concerning issue of young children who are inactive are more likely to experience anxiety […]

Economy

Budget 2025-26 needs to focus on capex, infrastructure spending: RBI MPC member Nagesh Kumar

) Finance Minister Nirmala Sitharaman in the Budget for financial year 2025-26, needs to focus on capital expenditure and infrastructure spending to boost economic growth and make it more sustainable, RBI Monetary Policy Committee member Nagesh Kumar said on Sunday. The eminent economist noted that sustaining infrastructure expenditure and building it further would be very […]

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

WASHINGTON: The US economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services – did slow slightly from its 3% growth […]

With spending curbs and good tax mop-up, Centre limits fiscal deficit below 1/3rd of Budget Estimate in first 6 months

Spending curbs during elections during the first quarter and good growth in tax collection helped the Centre limit fiscal deficit to just 29 per cent of the Budget Estimate during the first six months (April-September) of the current fiscal, data from Controller General of Accounts (CGA) showed on Wednesday. The Budget presented in July pegged […]

Spermosens reduces spending by focusing on clinical study and business development

Spermosens AB (“Spermosens” or the “Company”) is pleased to announce updates to its cost structure following the revised strategy. Over the past months, the Company has effectively adapted the organization to align with a new focus on the clinical study and business development, reducing overall spending and investment needs by more […]