Tag: Budget 2019

New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said 1.25 lakh km of roads across the country will be upgraded under phase three of the Pradhan Mantri Gram Sadak Yojana (PMGSY). Presenting the Budget for 2019-20 in the Lok Sabha, Sitharaman said allocation of Rs 80,250 crore had been made for the plan.

New Delhi: Union Finance Minister Nirmala Sitharaman on Friday stressed that the railways need an investment of Rs 50 lakh crore from 2018 to 2030 and proposed public private partnership to unleash faster development of passenger and freight services. Presenting the Union Budget in Parliament, Sitharaman said: “It is estimated that railway infrastructure would need […]

New Delhi: Realising the need to create skilled professionals in the New-Age technologies that are fast changing the business landscape for both big and small enterprises, Finance Minister Nirmala Sitharaman on Friday said the government would double down on its efforts to help develop the required skill sets needed by the industries across the spectrum. […]

New Delhi: The beleagured power sector may get some relief as Finance Minister Nirmala Sitharaman on Friday said that the government will improve the “Ujwal DISCOM Assurance Yojana” and it will announce a package for the power sector. She also said that the government will come out with new tariff policy for the power sector. […]

New Delhi: To tap benefits of the Indian Space Research Organisation (ISRO), a public sector enterprise, New Space India Limited (NSIL) has been incorporated, Union Finance Minister Nirmala Sitharaman announced on Friday. NSIL’s primary aim will be to scale up industry participation in Indian space programmes. “India has emerged as a major space power. Time […]

New Delhi: Finance Minister Nirmala Sitharaman on Friday announced a ‘Pradhan Mantri Matsya Sampada Yojana to modernize the fishery sector. Presenting the Budget for 2019-20 in the Lok Sabha, Sitharaman said fishing and fishermen were closely aligned with farming and were crucial to rural India. “Through the focussed Pradhan Mantri Matsya Sampada Yojana, the Department […]

New Delhi: The effective tax rates for the higher income group individuals having taxable income from Rs 2 crore to Rs 5 crore and Rs 5 crore and above is proposed to be increased by around 3 percent and 7 percent respectively. Presenting the General Budget 2019-20 in the Parliament today, Union Minister of Finance […]

Bhubaneswar: The Centre will soon introduce a new ‘National Education Policy’ to transform higher education system in the country. The new policy has proposed major changes in both school and higher education among others, better Governance systems and brings greater focus on research and innovation. An amount of Rs. 400 crore has been provided for […]

New Delhi: A Credit Guarantee Enhancement Corporation is to be set up in 2019-20. This was announced by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister further said that we recognize that investment-driven growth requires access to low cost capital. It […]

NEW DELHI: Petrol price will be hiked by over Rs 2.5 per litre and diesel by more than Rs 2.3 after finance minister Nirmala Sitharaman on Friday raised taxes on the fuels to part-fund her Budget for 2019-20 Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per […]

New Delhi: Finance Minister Nirmala Sitharaman Friday said the big picture presented in the Budget is backed with a plan to increase investment without compromising on the fiscal consolidation roadmap. Replying after a general discussion on the Union Budget 2019-20 in the Rajya Sabha, the minister said, “Comprehensive steps” have been envisaged for the next […]

Bhubaneswar: Odisha Finance Minister Niranjan Pujari on Monday said the state government has strongly protested the Centre’s act of “not implementing” the Finance Commission recommendation on sanction of funds under SDRF. Pujari said this in the Assembly while replying a question of BJD member Ashwini Kumar Patra. He said though the 14th Finance Commission had […]