Jan 12, 2023, at 07:22 pm
New Delhi/IBNS: Credit ratings agency ICRA anticipates that the Indian government will peg its fiscal deficit in the FY24 Budget estimates at 5.8% of the GDP, a healthy moderation from the 6.4% of GDP projected for FY2023.
Centre's fiscal deficit touches 59 pc of full-year target in Nov end
Dec 31, 2022, at 02:24 am
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
Fiscal deficit stands at 4.7 pc of GDP in first half of FY23
Dec 01, 2022, at 06:39 am
New Delhi: The Centre’s fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.
Nirmala Sitharaman holds pre-budget meeting with finance ministers of states & UTs
Nov 26, 2022, at 02:40 am
New Delhi: Union Finance Minister Nirmala Sitharaman Friday held a pre-budget meeting of finance ministers of all states and union territories for taking their inputs and suggestions for the 2023-24 Budget.
Govt may raise tax-free PF contribution limit to Rs 5 lakh for all salaried employees: Report
Jan 23, 2022, at 04:16 am
New Delhi/IBNS: In good news for salaried employees, the government may double the limit for tax-free contribution to the provident fund for salaried employees up to Rs 5 lakh per annum in the forthcoming Union budget 2022-23, in order to bring them at par with government employees.
Income Tax: Govt may increase standard deduction by 30-35 pc
Jan 12, 2022, at 02:47 pm
New Delhi/IBNS: The government is mulling an enhancement in the tax bracket for the salaried individuals by 30-35 percent in the upcoming budget while keeping the existing income tax slabs unchanged, media reports said.
FM Nirmala Sitharaman to hold pre-budget meeting with state counterparts on Dec 30
Dec 29, 2021, at 05:57 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will hold a meeting with the finance minsters of states as part of the customary pre-budget consultations with various stake holders, media reports said.
West Bengal: FM Amit Mitra presents Rs 2, 55, 677 crore budget for FY 2020-21
Feb 10, 2020, at 05:25 pm
Kolkata/UNI: West Bengal Finance Minister Dr Amit Mitra on Monday placed a Rs 2, 55, 677 crore budget for the year 2020-21 and announced a slew of new welfare schemes.
Government intends to simplify tax regime: Nirmala Sitharaman
Feb 07, 2020, at 04:23 pm
Mumbai/IBNS: Neary a week after presenting her second Union Budget, Finance Minister Nirmala Sitharaman on Friday said her government intends to simplify the tax regime of the country.
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: 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.
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.
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.
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.
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.
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.
Hectic trading to be seen on Budget day, exchanges to remain open on Saturday
Jan 28, 2020, at 10:43 am
New Delhi/UNI: Stock markets will be open on Saturday like any other weekday and frenzied buying or selling could be seen as Finance Minister Nirmala Sitharaman reads out Budget announcements.
PM Modi gets back to 'governance agenda', focuses on 'turnaround' in economy
Jan 09, 2020, at 10:01 pm
New Delhi/UNI: Under attack on multiple fronts and for the first time facing an onslaught of 'revolts' over CAA and violence in varsity campuses, Prime Minister Narendra Modi has turned focus on economy and on Thursday apparently took charge of Budget making and met various stakeholders including economists, venture capitalists and senior colleagues in the government.
Jul 05, 2019, at 04:40 pm
New Delhi, July 5 (IBNS): Further simplification of the GST processes, increasing Special Additional Excise duty and Road and Infrastructure Cess on petrol and diesel by one rupee each, hike in Customs Duty on Gold and precious metals to 12.5% and imposing nominal basic excise duty on tobacco products and crude are among the salient proposals pertaining to the Indirect Taxes in the Union Budget 2019-20.
INVESTMENTS: Budget 2019 - Foundation stone for New India !!!
Jun 30, 2019, at 03:48 pm
Budget 2019 is eagerly awaited because this will be the first budget after Govt. assumed office after the historic elections. Being Nirmala Sitharaman’s first one, it will be a tricky and delicate one at the same time because the Government would like to lay path for next 5 years and can afford to take some harsh decisions due to stable majority. The Budget could kick start the sluggish Economy and direction-less Capital Markets. Possible area of concentration could be Infrastructure, Agriculture, Water, Health, Auto Sector & sick PSUs to name a few. Discipline in fiscal and Monetary front could dictate the future policy decisions. Anyway, we will come to know everything on 5th July, 2019. So, let’s focus on making Money.
Jun 22, 2019, at 04:50 pm
New Delhi, June 22 (IBNS): Halwa ceremony marking the commencement of Budget printing process for the General Budget 2019-20 was held in North Block here on Saturday in the presence of Union Minister of Finance & Corporate Affairs Nirmala Sitharaman.
One Lakh villages to go digital over next five years: Govt
Feb 01, 2019, at 05:15 pm
New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.
Feb 01, 2019, at 05:01 pm
New Delhi, Feb 1 (IBNS): The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax, said Finance Minister Piyush Goyal.
Feb 01, 2019, at 04:52 pm
New Delhi, Feb 1 (IBNS): The Indian government on Friday said it has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative.
Feb 01, 2019, at 04:46 pm
New Delhi, Feb 1 (IBNS): The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade, Union Finance Minister Piyush Goyal said on Friday.
India now 6th largest economy in the world with high growth: FM Piyush Goyal
Feb 01, 2019, at 04:38 pm
New Delhi, Feb 1 (IBNS): Under the leadership of the Prime Minister Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14, said Union Finance Minister Piyush Goyal on Friday.
Union Budget: Highest ever growth of 42% recorded in minimum wages of labours during last 5 years
Feb 01, 2019, at 04:32 pm
New Delhi, Feb 1 (IBNS): During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far, revealed Union Finance Minister Piyush Goyal while presenting the budget on Friday.
Union Budget: Government proposes to launch pension scheme for unorganised sector workers
Feb 01, 2019, at 04:18 pm
New Delhi, Feb 1 (IBNS): The Government on Friday proposed to launch a mega pension yojana namely 'Pradhan Mantri Shram-Yogi Maandhan'for the unorganised sector workers with monthly income upto Rs. 15,000.