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Business

In a major milestone for Akasa Air, the airline has secured fresh capital from a group of prestigious investors, marking a significant step in its growth trajectory.

On Thursday, the Indian stock market closed lower as investors awaited the RBI's MPC rate cut decision on 7 February.

The stock market showed minimal movement early as investors adopted a cautious stance ahead of the RBI MPC meeting.

Industry leaders supported the Union Budget, commending the government's efforts to tackle economic challenges and drive long-term growth.

Finance Minister Nirmala Sitharaman has announced a major step to boost the insurance industry. The sector will now allow 100% foreign direct investment (FDI), up from the previous limit of 74%.

The Budget 2025-26 is part of India’s long-term vision, starting in 2014 and aiming for 2047, marking 100 years of independence. It is a blueprint to transform India’s economy.

Capital expenditure remains a priority. The allocation for FY26 has increased to ₹11.21 lakh crore, up from ₹10.18 lakh crore in FY25. Over the past decade, capital spending has been a key growth driver, creating jobs and boosting the economy.

Experts praised the government’s clean energy initiatives, including the nuclear mission and critical mineral incentives, in the Union Budget.

The government's plan to add 10,000 medical seats next year is seen as a move to curb the outflow of students abroad.

This year’s budget focuses on empowering citizens, a growing number of Indians will likely secure health insurance and gain access to better healthcare services.