New Delhi: Union Finance Minister Nirmala Sitharaman allocated Rs 69000 crore including Rs 6400 crore for PM Jan Aushadhi Yojna for the healthcare sector on Saturday as she announced that the Budget 2020 is woven around 3 prominent themes – Aspirational India, Economic Development and Caring Society which includes health as one of the fundamental […]
Mumbai: The BSE Sensex plummeted 988 points on Saturday to close below the key 40,000-mark, led by an intense broad-based selloff after the Union Budget for 2020-21 failed to live up to market expectations. Experts said the Budget has been below par considering investors had extremely high expectations from the government to revive the economy. […]
New Delhi: India’s medical devices industry on Friday welcomed Finance Minister Nirmala Sitharaman’s move to impose a health cess of 5 per cent on imports of specified medical equipment to give an impetus to the domestic industry and to generate resources for health services. “India is now making world class goods and exporting such products. […]
New Delhi: The government on Saturday allocated Rs 2826.92 crore to the sports budget for the next financial year, which is an increase of a mere Rs 50 crore from the revised estimates of 2019-20. The government gave a substantial hike of Rs 312.42 crore to its flagship Khelo India programme by allocating Rs 890.42 […]
New Delhi: Prime Minister Narendra Modi on Saturday praised the Union budget for its “vision and action” and was joined by top BJP leaders in hailing it, but the Opposition slammed Finance Minister Nirmala Sitharaman’s announcements as “insipid”, saying they show that the government is “all talk”. Sitharaman’s second budget, which she took a record […]
New Delhi: Further tightening the noose on global e-commerce giants like Amazon and Walmart-owned Flipkart, the Indian government has announced mandatory TDS deduction on e-commerce transactions for the participants on the e-marketplaces. “In order to widen and deepen the tax net, it is proposed to provide that e-commerce operator shall deduct TDS on all payments […]
New Delhi: Finance Minister Nirmala Sitharaman on Sunday said the decision not to remove Long Term Capital Gains (LTCG) tax in the Budget was because utility of this tax so far has not been tested due to poor market conditions and therefore government has not been able to assess the returns from it. She was […]
New Delhi: India has taken yet another step towards building a credible strategic oil reserve by extending tax breaks to the Indian Strategic Petroleum Reserves Ltd (ISPRL) on income generated while replenishing oil stock in storage facilities. The Budget proposals presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday has exempted tax on any […]
New Delhi: Insurance cover on bank deposits has been increased to Rs 5 lakh from Rs 1 lakh effective Tuesday, the Reserve Bank of India (RBI) said in a statement. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI. This, the RBI said, has been […]
New Delhi: In a bid to counter criticism over the slowdown, Finance Minister Nirmala Sitharaman on Tuesday stressed on seven economic indicators and data to show that the Indian economy is stable and said that green shoots for its revival are clearly visible and would ensure that growth picks up from here. In her reply […]
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said that while the current government has been transparent in declaring extra-budgetary expenses the previous UPA regime chose to keep its books clean by pushing its liabilities from oil subsidies to the state-run oil marketing companies (OMCs). Responding to accusations of data and account fudging in the […]
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the government is monitoring farm credit given by banks in rural areas, adding that she expects to meet the increased target of Rs 15 lakh crore for the next fiscal. The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent […]
Hyderabad: Finance Minister Nirmala Sitharaman on Sunday said the 2020-21 union budget was prepared keeping the FRBM (Fiscal Responsibility and Budget Management)in mind even as she maintained she would be remembered for presenting the “longest prepared budget” than for “longest speech” on it. “So in a way all these (measures) and more has been done […]
New Delhi: Finance Minister Nirmala Sitharaman on Monday said that the Centre is working together with states to protect lives and livelihoods. In a tweet, the Minister said that she…
New Delhi: The decline in the economic growth has bottomed out, said the finance ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020. The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 […]
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