Tag: Budget 2019

Big relief for taxpayers as Finance Minister Piyush Goyal announced that individual taxpayers having annual income up to 5 lakhs will get full tax rebate now. As many as three crore taxpayers will be benefited with the decision. The interim Budget 2019-20 was the last budget of the Modi government ahead of the general polls. Finance Minister […]

Kolkata: Expressing concern over monetary provisions to meet the Interim Budget proposals, West Bengal Chief Minister Mamata Banerjee on Friday described the document as a “farce” and “manifesto of the BJP”. “The budget proposals will be not implemented… New government will present the budget. This government’s expiry date will be over in one month. What […]

New Delhi: Finance Minister Piyush Goyal on Friday said the monthly mobile data usage in India has increased by a phenomenal 50 per cent in the last five years. “India is now leading the world in the consumption of mobile data. Monthly consumption of mobile data increased by over 50 times in the last five […]

New Delhi: Pointing out that the Interim Budget announced on Friday is “silent” on jobs and education, former Finance Minister P. Chidambaram ridiculed the Modi government saying all it understands is “pakodanomics”. “Two words that are missing from the Budget speech are education and jobs. In the 10 point vision document presented by Finance Minister […]

New Delhi: BJP ally and Union minister Ram Vilas Paswan Friday dubbed the budget as the government’s “second surgical strike”, saying the first used bullets against the country’s external enemies while this will use ballots to decimate the ruling NDA’s rivals in the general election. “This is not budget but surgical strike. The first used […]

Bhubaneswar: The Modi-led NDA Government today announced a record budget grant of Rs 7010 crores for East Coast Railway and Odisha, reflecting an increase of 13 percent over last year. The total allocation contains all budgetary heads including projects, electrification, passenger amenities, workshops, track, staff amenities etc, informed sources. Under the budget, Rs 2,630 crore […]

At a time when lakhs of central government employees are waiting for hike in minimum pay beyond the recommendations of 7th Pay Commission, Union Finance Minister Piyush Goyal, while presenting the interim budget on February 1, made a big announcement when he extended the benefit of income tax rebate to those with income up to […]

Mumbai: Leader of the Opposition in Maharashtra Legislative Council Dhananjay Munde on Tuesday claimed that details of the state budget were leaked on the Twitter handle of finance minister Sudhir Mungantiwar before presentation in the Assembly. Munde and some other opposition members raised the issue in the Council and disrupted the budget presentation by Minister […]

New Delhi: The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs 5 lakh can get full tax rebate under Section 87A. Those earning […]

New Delhi: Parliament is likely to start discussion on the General Budget on July 8 while voting on Demands for Grants is likely between July 11-17 as the Narendra Modi government presents the first Budget of the second term on July 5. “The tentative dates for discussion and voting on demands-for-grants for 2O19-20 are expected […]

Mumbai: Domestic equity benchmark BSE Sensex Friday reclaimed the 40,000 mark and the NSE Nifty inched closer to 12,000 level ahead of the Union Budget presentation. The 30-share index was trading 114.67 points, or 0.29 per cent, higher at 40,022.73 at 0930 hours. Similarly, the broader Nifty was quoting 31.85 points, or 0.27 per cent, […]

Bhubaneswar/ New Delhi: Nirmala Sitharaman,  India’s first full-time woman Finance Minister, presented the first budget of the second term of the Narendra Modi government in the Lok Sabha today. At a high-level meeting, the Union Cabinet approved the Budget 2019 which is being presented by Sithararam. Deductions in loans for affordable housing. Rs 1.5 lakh […]

New Delhi: Setting a new precedent Union Finance Minister Nirmala Sitharaman on Friday was seen hugging the budget documents wrapped in a red cloth, the traditional ‘bahi khaata’ way, instead of the leather briefcase that until now her predecessors marched out with. Chief Economic Advisor K. Subramanian said that it was a departure from “slavery […]

New Delhi: Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020. She also said that many structural changes are needed for the country to become a $5 trillion economy, adding the target is eminently achievable. The Economic Survey for […]

New Delhi: Finance Minister Nirmala Sitharaman on Friday announced the setting up of a social stock exchange under the Securities and Exchange Board of India (SEBI) for listing of organisations which work for social welfare. Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for […]