With allocations to UTs, Budget 2020 provides Rs 1,67,250 Cr to Home Ministry for next fiscal
Feb 01, 2020, at 11:44 pm
New Delhi/UNI: With an allocation of Rs 52,863.61 crore for eight Union Territories (UTs), the Union Home Ministry has been allocated with Rs 1,67,250 crore in Union Budget 2020-21, presented by the Finance Minister Nirmala Sitharaman on Saturday.
SAIL Chairman appreciates Union Budget
Feb 01, 2020, at 06:34 pm
New Delhi/IBNS: SAIL Chairman Anil Kumar Chaudhary appreciated the Union Budget and said it is promising and full of oppurtunities.
On Budget presentation day Sensex crashes 1,000 pts; Nifty slips below 11,700 pts
Feb 01, 2020, at 05:37 pm
Mumbai/UNI: After Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21 the BSE Sensex plummeted 1050 points to sink below the 40,000 level in the late afternoon trade on Saturday, tracking a massive selloff in capital goods and financial stocks.
Union Budget: Rs 69,000 crore provided for health care in Union Budget 2020-21
Feb 01, 2020, at 05:01 pm
New Delhi/IBNS: In order to achieve the holistic vision of health care that translate wellness of the citizen, about Rs. 69,000 crore have been provided for health care in Union Budget 2020-21. It includes Rs. 6400 crores for Prime Minister Jan Arogya Yojana (PMJAY).
Union Budget: Increase in customs duty on footwear and furniture to promote domestic MSMEs
Feb 01, 2020, at 04:49 pm
New Delhi/IBNS: Keeping in view the need of MSME sector, Customs duty is being raised on items like footwear (from 25% to 35% on footwear and from 15% to 20% on parts of footwear) and furniture (from 20% to 25%).
Union Budget: Tourism sector proposed to get Rs 2,500 Crore in union budget 2020-21
Feb 01, 2020, at 04:23 pm
New Delhi/IBNS: To make India an attractive destination for both international and domestic tourists, Union Finance Minister Nirmala Sitharaman proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector.
Wanted to simplify income tax process: Nirmala Sitharaman
Feb 01, 2020, at 04:09 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday said her government proposed to provide the middle-class taxpayers an optional regime in order to ensure that the money is placed in the hands of people and simplify the income tax process.
Feb 01, 2020, at 03:55 pm
New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.
Nirmala Sitharaman presents budget with big income tax cuts for middle class
Feb 01, 2020, at 03:51 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday presented a budget to boost the sagging economy offering middle class tax payers an optional regime that vastly reduces the rates while promising to infuse big money in the farm sector and infrastructure that included building of 100 new airports in the next few years. However, the stock market tanked as the FM continued her budget speech.
Union Budget: 100 more Airports to be developed by 2024 to support UDAAN Scheme
Feb 01, 2020, at 03:39 pm
New Delhi/IBNS: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament, on Saturday said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all citizen. She said 100 more airports would be developed by 2024 to support Udaan scheme
GST collection touches Rs. 1,10,828 crore in January
Feb 01, 2020, at 03:20 pm
New Delhi/IBNS: The gross Goods and Services Tax (GST) collection for the month of January touched Rs. 1,10,828 crore, officials said on Saturday.
FM Nirmala Sitharaman assures depositors money is safe in banks
Feb 01, 2020, at 02:25 pm
New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Saturday sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them.
Nirmala Sitharaman fails to deliver complete budget address, quits midway
Feb 01, 2020, at 02:25 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday quit her budget address midway after getting chocked in Lok Sabha on Saturday.
Sensex slides as FM Nirmala Sitharaman spells out Union Budget 2020
Feb 01, 2020, at 01:43 pm
Mumbai/IBNS: The Bombay Stock Exchange (BSE) Sensex is witnessing a steep fall as Union Finance Minister Nirmala Sitharaman is reading out the annual budget for 2020 in Parliament on Saturday.
New optional tax regime of India reduces income tax rates: Nirmala Sitharaman
Feb 01, 2020, at 01:22 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman announced a new tax regime for Indians where a person earning upto Rs 5 lakh will not pay any tax while the rates were slashed between five to ten percent for other income categories from above INR 5 lakh to INR 15 lakh. Those opting for this scheme will however, not enjoy the previous exemptions.
India to build 100 new airports by 2024: Finance Minister
Feb 01, 2020, at 12:51 pm
New Delhi/IBNS: India will set up 100 more airports to be developed by 2024, Union Finance Minister Nirmala Sitharaman announced in her budget speech on Saturday.
FM Nirmala Sitharaman to present Union Budget today
Feb 01, 2020, at 08:10 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday.
Insolvency and Bankruptcy Code improved resolution processes in India: Economic Survey
Feb 01, 2020, at 12:17 am
New Delhi/IBNS: The Economic Survey 2019-20 highlighted that the Insolvency and Bankruptcy Code (IBC) has improved resolution processes in India compared to the earlier measures.
Subdued manufacturing activities lowered IIP, says Economic Survey 2019-20
Jan 31, 2020, at 11:04 pm
New Delhi/IBNS: The moderation in the Index of Industrial Production (IIP) to 3.8 per cent in 2018-19 compared to 4.4 per cent in 2017-18 has been due to subdued manufacturing activities caused by slower credit flow to Medium and Small industries, reduced lending by NBFCs owing to liquidity crunch, tapering of domestic demand for key sectors such as automotive sector, pharmaceuticals, and machinery and equipment, volatility in international crude oil prices, prevailing trade-related uncertainties, noted the Economic Survey 2019-20.
Jan 31, 2020, at 09:57 pm
New Delhi/IBNS: The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from “pro-crony” policy that may favour specific private interests, especially powerful incumbents, on the other hand.
Tobacco major ITC's Q3 post tax profit up by 29 pc to Rs 4141 cr
Jan 31, 2020, at 09:03 pm
Kolkata/IBNS: Tobacco and FMCG major ITC Ltd on Friday reported a post tax profit rise of 29 percent in its quarter ending Dec 31..
After reaching the lowest point, Indian economy to revive from here: Chief Economic Adviser
Jan 31, 2020, at 06:35 pm
New Delhi/IBNS: Chief Economic Adviser KV Subramanian on Friday expressed hope that the Indian economy will start growing after hitting the bottom while predicting a growth of 6 to 6.5 per cent growth for the 2020-21 fiscal year.
Eight core industries growth stands at 1.3 per cent in Dec 2019
Jan 31, 2020, at 06:19 pm
New Delhi/UNI: The combined Index of Eight Core Industries of December 2019 increased by 1.3 per cent as compared to the index of the same month in 2018, according to government data on Friday.
Indian Rupee recovers 14 paise against USD
Jan 31, 2020, at 06:14 pm
Mumbai/UNI: The Rupee on Friday recovered by 14 paise to 71.34 against the US Dollar on fresh selling of US Dollars by bankers and exporters, the dealers at the Forex Market said.
Indian market:Â Sensex down 190.33 pts
Jan 31, 2020, at 06:12 pm
Mumbai/UNI: The BSE Sensex on Friday further lost by 190.33 points to settle at 40,723.49 ahead of union general budget to be present on Saturday.
CEA KV Subramanian lists out 10 major focus areas of Economic Survey to put economy back on track
Jan 31, 2020, at 05:44 pm
New Delhi/IBNS: Chief Economic Adviser KV Subramanian on Friday listed the major interventions made by the Modi government to put economy on track while stating that India is undergoing economic slowdown and part of it is due to the global slowdown that started in 2019.
ONGC drops by 5.80 pc to Rs 108.90
Jan 31, 2020, at 05:14 pm
Mumbai/UNI: ONGC on Friday slipped by 5.80 pc to Rs 108.90 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).
Jan 31, 2020, at 03:39 pm
Mumbai/UNI: OTM - the largest travel trade show in Asia Pacific region-will be held between Feb 3 and 5 at the Bombay Exhibition Centre, Goregaon here.
Sitharaman tables Economic Survey in Parliament, growth predicted at 6-6.5% in next fiscal year
Jan 31, 2020, at 01:24 pm
New Delhi/IBNS: The growth in the next fiscal year beginning on Apr 1 is predicted at 6 per cent to 6.5% as Union Finance Minister Nirmala Sitharaman tabled the Economic Survey on the first day of budget session in Parliament on Friday.
Indian-origin Arvind Krishna elected IBM Chief Executive Officer
Jan 31, 2020, at 09:27 am
New York/IBNS: The IBM Board of Directors has elected Indian-origin techie Arvind Krishna as Chief Executive Officer of the company and a member of the Board of Directors, effective Apr 6, 2020.