What happens when the government spends more than it makes? This episode of "Budget Made Easy," a Business Standard series, simplifies what fiscal deficit is all about. Watch the video to know more

Union Budget 2024: What fiscal deficit is all about | Budget Made Easy

Earlier today, IndiGo said that it is facing a temporary system slowdown across its network, which is affecting its website and bookings

Infrastructure company MEIL on Saturday said it has commissioned five solar plants in Maharashtra having a combined capacity of 19 megawatt (MW).
The plants were inaugurated by Prime Minister Narendra Modi virtually, Megha Engineering and Infrastructures Ltd (MEIL) said in a statement.
"MEIL has commissioned five solar power plants with a total capacity of 19 MW under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyaan (PM KUSUM) scheme across Maharashtra. Prime Minister Narendra Modi inaugurated the Solar Plants and Dedicated to the Nation," it said.
The five solar plants are at Shambhaji Nagar (3 MW), Nanded (5MW), Kolhapur (3MW), Akola (3MW), and Buldhana (5 MW) in Maharashtra.
These power generated from green plants will provide uninterrupted electricity to farmers for the cultivation of their lands that will reduce the burden of cost of electricity bills. The excess power will be supplied to the grid.
As part of the PM-KUSUM scheme, MEIL said it has to execute the

These power generated from green plants will provide uninterrupted electricity to farmers for the cultivation of their lands that will reduce the burden of cost of electricity bills

Scammers are registering over 1,000 phishing domains every day and creating deepfake videos of prominent Indian personalities such as Mukesh Ambani, Virat Kohli, etc to promote dubious gamings apps, cyber security firm CloudSEK said on Friday.
The deepfake videos use manipulated footage of famous news anchors to create fake news videos of prominent personalities to endorse dubious apps, the CloudSEK report said.
"Scammers are not only using deepfake videos to lure people to download the dubious app but have also created a fake Play Store to appear genuine. Research shows over 1000 phishing domains are being created every day to cheat netizens of over seven countries," the report said.
The cyber security firm said that by leveraging its deepfake detection technology research team has identified a series of deceptive campaigns targeting users in India, Pakistan, Nigeria, Saudi Arabia, and beyond for promoting a fake gaming app.
"Prominent figures such as Mukesh Ambani, Virat Kohli, .

The deepfake videos use manipulated footage of famous news anchors to create fake news videos of prominent personalities to endorse dubious apps, the CloudSEK report said

Meta's product, Movie Gen, can create a new video up to 16 seconds long based on a text prompt. It can also use such prompts to generate audio for or edit an existing video

Sixteen firearms looted by a mob from the Ukhrul police station in Manipur were recovered, police said on Saturday.
Addressing a press conference, Inspector General (Operations) IK Muivah said during the clash between two villages on October 2, an agitated mob stormed into the police station and looted 20 firearms.
"With the cooperation of the security forces, Civil Society Organisations, and community leaders, 80 per cent of the weapons have now been recovered," he said.
Efforts are underway to retrieve the remaining weapons, he said.
Among the arms recovered were 9mm pistols, INSAS rifles and AK-47 rifles, he added.
Muivah said the situation in the district was under control, and security forces, including the Manipur Rifles, Assam Rifles and BSF, were keeping a close watch with the cooperation of leaders of the two villages.
"This is something unprecedented, noteworthy and praiseworthy for all those who have played a very positive role in restoring normalcy," he said.
Assam R

Sixteen firearms looted by a mob from the Ukhrul police station in Manipur were recovered, police said on Saturday.

The Kerala government on Saturday said that it will again request the Centre to exclude residential areas near the Periyar tiger reserve from the buffer zone.
The decision was taken at a State Wildlife Board meeting chaired by Chief Minister Pinarayi Vijayan, according to a statement issued by his office.
According to the CMO statement, it was decided in the meeting to again request the Centre to exclude 502.73 hectares of inhabited areas of Pampa valley and Angel valley settlements from the buffer zone around the tiger sanctuary.
This recommendation will be submitted to the Centre along with additional information sought by it, the statement said.
The CM called the urgent meeting, also attended by state Forest Minister A K Saseendran, to ensure this issue is considered at the National Wildlife Board meeting to be held on October 9, it said.
The proposal to exclude 8.9725 square kilometers of inhabited area from Thattekad bird sanctuary and include 10.1694 square kilometers of res

The CM called the urgent meeting, also attended by state Forest Minister A K Saseendran, to ensure this issue is considered at the National Wildlife Board meeting

The finance ministry will commence from October 10 its pre-Budget meetings with review of six ministries and departments, including new & renewable energy and skill development & entrepreneurship.
The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year.
On the last day, Ministry of Railway and Department of Health and Family Welfare will be discussed.
The Union Budget 2025-26 is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," the Budget circular 2025-26 issued by Department of Economic Affairs said.
It will be the second ...

The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year

The finance ministry will commence the exercise to prepare the annual budget for 2025-26 from the second week of next month in the backdrop of the Indian economy recording 7 per cent growth rate for the fourth consecutive year.
The budget for the next financial year would focus on reforms to be pushed to further accelerate growth momentum and measures to generate jobs and boost demand in the economy.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," Budget circular 2025-26 issued by the Department of Economic Affairs said.
Hard copies of the data in the specified formats should be submitted for cross-verification, it said.
It will be the second budget of the Modi 3.0 government and 8th straight Budget for Finance Minister Nirmala Sitharaman, a rare distinction in Indian ...

Pre-budget meeting shall commence from second week of October, 2024 and shall continue till around mid-November, 2024, it said

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Union Budget 2024: What fiscal deficit is all about | Budget Made Easy

What happens when the government spends more than it makes? This episode of "Budget Made Easy," a Business Standard series, simplifies what fiscal deficit is all about. Watch the video to know more

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