New Delhi: With India’s first high-speed rail project, the Ahmedabad–Mumbai Bullet Train, currently under construction, Finance Minister Nirmala Sitharaman today announced that seven new high-speed rail corridors will be developed across the country. Presenting the Union Budget 2026–27 in Parliament, the Finance Minister said the proposed corridors will act as “growth connectors”, promoting environmentally sustainable passenger transport systems. “In order to promote environmentall...Read More

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system (FCSS) at GIFT IFSC, enabling real-time transactions, improving liquidity management, and ensuring regulatory compliance. Currently, foreign currency settlements take 36 to 48 hours to process. The FCSS will serve as a payment system within IFSC, designed to settle transactions in foreign currencies on a real-time or near real-time basis. Addressing the Global Fintech Fest 2025, Sitharaman...Read More