Tag: Nirmala Sitharaman

Economic-Survay
Appropriate policy measures needed to lower ownership costs of EVs: Economic Survey

New Delhi:  To promote electric vehicles (EVs) in India, the country’s Economic Survey 2018-19 has recommended the government to frame appropriate policy measures to lower their overall lifetime ownership cost. According to the survey, EVs hold enormous potential not only “because it is environment friendly but also because India can emerge as a hub of […]

  • Wednesday, 28 April 2021
Nirmala Sitharaman
Finance minister to do a tightrope walk in Budget 2019-20

New Delhi: A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to common man may be on the cards, as Finance Minister Nirmala Sitharaman does a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget. The Budget to be presented on Friday is […]

  • Wednesday, 28 April 2021
Sitharaman dumps Budget briefcase for 'bahi khaata'

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 […]

  • Wednesday, 28 April 2021
Indian economy to reach $3tn in current fiscal: Sitharaman

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 […]

  • Wednesday, 28 April 2021
Sitharaman announces creation of 'social stock exchange'

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 […]

  • Wednesday, 28 April 2021
1.25 lakh km roads to be upgraded: Sitharaman

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.

  • Wednesday, 28 April 2021
Sitharaman for public private partnership in railways

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 […]

  • Wednesday, 28 April 2021
Govt to double down on creating New-Age skill sets: Sitharaman

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. […]

  • Wednesday, 28 April 2021
UDAY
Sitharaman's 'power' push: UDAY scheme to be improved, new package soon

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. […]

  • Wednesday, 28 April 2021
ISRO's new commercial arm incorporated: Sitharaman

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 […]

  • Wednesday, 28 April 2021
Scheme to modernize fishery sector: Sitharaman

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 […]

  • Wednesday, 28 April 2021
Additional Rs 1.5L Deduction of Interest for Affordable Housing: Sitharaman

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 […]

  • Wednesday, 28 April 2021
Credit Guarantee Enhancement Corporation to be set up: FM

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 […]

  • Wednesday, 28 April 2021
Nirmala-Sitharaman
Over Rs 235 crore budget for training of bureaucrats abroad and in India

New Delhi: Over Rs 235 crore has been allocated to the Personnel Ministry in the Union Budget for domestic and foreign training of bureaucrats and augmenting necessary infrastructure during the ongoing fiscal. The Budget was presented by Finance Minister Nirmala Sitharaman on Friday. Of the total allocation of Rs 235.91 crore for 2019-20, which is […]

  • Wednesday, 28 April 2021
ns
Union budget turns Odisha budget topsy-turvy; Fiscal deficit soars to breach FRBM benchmark !

Bhubaneswar: With Odisha going to witness an increase of mere 6 per cent in the net proceeds of taxes and duties as devolution from Centre in 2019-20, this has the potential to make the State FM’s budget 2019-20 calculations go haywire. As per the Budget 2019-20 tabled by Union Finance Minister  Nirmala Sitharaman,  the State […]

  • Wednesday, 28 April 2021
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