Tag: Nirmala Sitharaman

New Delhi: Non-Resident Indians (NRIs) having Indian passports can now get Aadhaar card without waiting for 180 days, Finance Minister Nirmala Sitharaman said on Friday. As of now, the NRIs get Aadhaar card after staying in India for a minimum of 180 days. “I propose to consider issuing Aadhaar card for NRIs with Indian passports […]

New Delhi: The moment after the “bahikhaata” Union Budget was presented on Friday, people took to social media platforms that erupted with angry and perplexed reactions. “Your folder is sanskaari, symbolising ‘departure from slavery of western thought’, but your aspirations are 3 trillion ‘US DOLLARS’ economy, huh hypocrite!” tweeted a user. Finance Minister Nirmala Sitharaman […]

Bhubaneswar: State Chief Minister Naveen Patnaik gave a mixed reaction to the Union Budget 2019-20 which was tabled by Finance Minister Nirmala Sitharaman in the Parliament on Friday. Patnaik welcomed the medium to long-term vision of the Union government while he expressed concern over some issues. “The Union Budget 2019-20 speaks of medium to long-term […]

New Delhi: The Department of Atomic Energy has seen a dip of Rs 40 crore in its monetary allocation in the annual Budget presented on Friday. Finance Minister Nirmala Sitharaman on Friday also announced waving the custom duty for nuclear power and parts required for building eight indigenous atomic power plants. In 2018-19, the DAE […]

New Delhi: With an aim to reduce imports along with spurring domestic production, Finance Minister Nirmala Sitharaman has proposed to raise custom duty on over 70 items in the full Budget 2019-20. Traditionally, the governments adjust custom duties to protect domestic industry and sometimes to allow cheaper raw material imports to spur manufacturing sector. In […]

Bhubaneswar: With the Union Budget 2019-20 deciding to milk the fossil fuel prices to garner revenue, the diesel cost in Odisha now has become the 2nd most expensive after Telangana in the country. And the State looks to be one among the hardest hit as Odisha topped the eastern region in per capita diesel consumption […]

New Delhi: Finance Minister Nirmala Sitharaman Saturday said the NBFC crisis seems to have bottomed out and the government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. She further said that the government takes all the steps to keep inflation under check while dismissing […]

New Delhi: Finance Secretary Subhash Chandra Garg said Saturday increased petrol and diesel prices after the duty hike will have “very marginal impact” on inflation and any worry on that front is immaterial. He also said the government expects Rs 90,000 crore from the Reserve Bank of India (RBI) as dividend during the current fiscal. […]

Bhubaneswar: Union minister Dharmendra Pradhan Saturday claimed that Odisha will get maximum benefit from the Union Budget 2019-20. Pradhan, who was here to launch BJP’s membership drive, said that Union Finance Minister Nirmala Sitharaman has presented the budget in view of future benefits. “This budget is aimed at rural development and Odisha will be among […]

New Delhi: The ‘Gandhipedia’ is being developed as a social media portal that will contain original works related to the Father of the Nation Mahatma Gandhi, a Culture Ministry official told IANS. Union Finance Minister Nirmala Sitharaman had mentioned about Gandhipedia during the course of her Budget speech in the Parliament on Friday. The Central […]

New Delhi: The government is targeting the second half of the fiscal year to raise funds through overseas bond sales, Finance Secretary Subhash Chandra Garg said. “We will target the second half,” Garg told IANS in an interview on being asked if this will happen this fiscal. The quantum, timing and number as well as […]

New Delhi: Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent above board…there need […]

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 […]

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said that a task force on the new Direct Tax Code will submit its report by month end. The new direct tax code is set to replace the existing Income Tax Act. The aim is to reform the complex income tax laws into simpler tax codes with […]

New Delhi: A Bill to tackle menace of illicit deposits and another that provides a mechanism for social, economic and educational empowerment of transgenders were introduced in Lok Sabha on Friday. The Banning of Unregulated Deposit Schemes Bill, 2019 was introduced by Finance Minister Nirmala Sitharaman. The Bill will replace the Banning of Unregulated Deposit […]