New Delhi, July 5 (IANS) To accelerate the acceptance of electric vehicles (EVs), Finance Minister Nirmala Sitharaman proposed various tax benefits for them in the Budget 2019-20. Sitharaman, in her maiden budget presented on Friday,…
New Delhi, July 5 (IANS) Coming to the rescue of businesses struggling due to unresolved issues pertaining to pre-Goods and Services Tax (GST) regime and the delay in payments of Medium and Small Enterprises (MSMEs),…
New Delhi/Mumbai, July 5 (IANS) Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and…
New Delhi, July 5 (IANS) The central government expects to get a massive fund influx from the Reserve Bank of India as dividends in 2019-20. Accordingly, senior government official have said that around Rs 90,000…
New Delhi, July 5 (IANS) Companies with annual turnover of up to Rs 400 crore would attract lower corporate tax of 25 per cent with the Union Budget proposing to extend the benefit to these…
By Arun Kejriwal The Union Budget for 2019-20 was presented by India’s first full-time woman Finance Minister Nirmala Sitharaman. While markets corrected in customary fashion, coming as they did after a rally and a buoyant…
New Delhi, July 5 (IANS) The Union Budget on Friday hiked the disinvestment target for the year to Rs 1,05,000 crore, up from Rs 90,000 set in the interim Budget. It proposed re-initiating disinvestment of…
New Delhi, July 5 (IANS) The Modi government has hiked the spending on health by around 18 per cent with allocation for the flagship ‘Ayushman Bharat’ scheme, said to be one of the major reasons…
New Delhi, July 5 (IANS) As the country’s NBFC sector struggles with a severe liquidity crisis, the Union Budget 2019-20 came out with several announcements to support and regulate the non-banking financial companies (NBFCs). Presenting…
New Delhi, July 5 (IANS) Seeking to ease the compliance burden, Union Finance Minister Nirmala Sitharaman has proposed a slew of measures including interchangeability of PAN and Aadhaar and faceless assessment in electronic mode with…
New Delhi, July 5 (IANS) In her maiden Budget speech, Finance MInister Nirmala Sitharaman on Friday gave Indian Railways the highest-ever outlay for capital expenditure amounting to Rs 1.60 lakh crore and a budgetary allocation…
New Delhi, July 5 (IANS) Cash withdrawal of Rs 1 crore or more from bank accounts over a year is set to attract tax as the government moves to take the economy towards use of…
New Delhi, July 5 (IANS) Finance Minister Nirmala Sitharaman did not lose purse strings to fund modernisation of the armed forces in the Union Budget presented on Friday, as the allocation for defence remained on…
New Delhi, July 5 (IANS) Nirmala Sitharaman, India’s first full-time woman Finance Minister, made a striking picture as she presented her maiden budget in Parliament on Friday. Attired in purple silk saree, Sitharaman spoke in…
New Delhi, July 5 (IANS) In a bid to attract greater overseas capital into the country, Finance Minister Nirmala Sitharaman has proposed to allow 100 per cent Foreign Direct Investment (FDI) into insurance intermediaries. Besides,…
New Delhi, July 5 (IANS) India’s Super-rich would have to now pay higher taxes, with the Union Budget proposing to raise the surcharge levied on them. Presenting her maiden Union Budget, Union Finance Minister Nirmala…
New Delhi, July 5 (IANS) In a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed to raise a part of the government’s gross borrowings from overseas. Traditionally, government raised cheaper funds…
New Delhi, July 5 (IANS) The Union Home Ministry has been allocated Rs 1,19,025 crore in the Union Budget 2019-20 — an increase of Rs 5,858 crore compared to the previous year’s Rs 1,13,167 crore…
New Delhi, July 5 (IANS) The government has come up with a Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) to help cluster based development to modernize and upgrade traditional industries, Finance…
New Delhi, July 5 (IANS) In a bid to attract greater overseas capital into the country, Finance Minister Nirmala Sitharaman proposed in the Budget 2019-20, presented on Friday, to allow 100 per cent Foreign Direct…