Pakistan ADB financing deal worth $1 billion marks return to global markets with 89% Islamic structure, backed by the first-ever ADB policy-based guarantee. Learn key insights for UPSC, SSC, and Banking exams. Pakistan Secures $1 Billion Syndicated Financing Backed by ADB Guarantee Pakistan’s Ministry of Finance signed a $1 billion syndicated term financing facility on June 18,…
Madhya Pradesh Ministers to Pay Income Tax on Salaries and Allowances In a significant move, Madhya Pradesh has announced that its ministers will now be liable to pay income tax on their salaries and allowances. This decision marks a departure from the previous practice where ministers enjoyed tax-free perks on their official incomes. The state…
Nirmala Sitharaman Set to Make History with Her 8th Budget Introduction to Nirmala Sitharaman’s Historic Budget India’s Finance Minister, Nirmala Sitharaman, is poised to present her 8th Union Budget on February 1, 2025. This marks a significant milestone in Indian political and economic history, as Sitharaman becomes the first woman in the country to handle…
