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.
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.
Union Budget: Finance Ministry hosts halwa ceremony
Jan 20, 2020, at 05:20 pm
New Delhi/UNI: With 11 days to go for the presentation of Union Budget 2020-21 in Parliament, the customary `Halwa' ceremony was held at the North Block headquarters of the Union Finance Ministry here on Monday.
Jan 20, 2020, at 09:34 am
New Delhi/IBNS: The combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at INR 24,42,200 crore, a new report from Oxfam said ahead of the World Economic Forum (WEF) in Davos, Switzerland.
Nirmala Sitharaman holds Pre-Budget consultation with Finance Ministers of State or UTs
Dec 18, 2019, at 05:11 pm
New Delhi/IBNS: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman held the Pre-Budget consultations with Finance Ministers of States and UTs (with legislature) here today.
CM Pinarayi Vijayan says Union Budget neglects Kerala
Jul 05, 2019, at 09:31 pm
Thiruvananthapuram, July 5 (UNI): Kerala chief minister Pinarayi Vijayan on Friday said the Union budget neglected the interests of the state which had experienced the worst deluge in hundred years in August last year.
Industry leaders welcome Union budget for stress on education, skill development
Jul 05, 2019, at 09:09 pm
New Delhi, July 5 (IBNS): industry leaders in the education sector have by and large welcomed the Union Budget that finance minister Nirmala Sitharaman presented in Parliament today.
Budget disappointing, says Chhattisgarh CM
Jul 05, 2019, at 08:28 pm
Raipur, July 5 (UNI): Describing the union budget as disappointing, Chhattisgarh chief minister Bhupesh Baghel said that it would lead to a rise in inflation.
Raghubar says Budget for New India, Hemant compares with market of 'Jumlas'
Jul 05, 2019, at 08:23 pm
Ranchi, July 5 (UNI): Jharkhand chief minister Raghubar Das has described the Union Budget of 2019-20 as the one for making a "New India" and a budget which has been dedicated for the all-round development of the villages, poor farmers and youth.
Thrust is on urban as well as rural sectors: Piyush Goyal
Jul 05, 2019, at 08:01 pm
New Delhi, July 5 (UNI): Union commerce and industry minister Piyush Goyal on Friday commended finance minister Nirmala Sitharaman for the Budget presented in Parliament and maintained that the thrust in the budget is well balanced for the urban as well as the rural sectors.
Leaders of parties in Andhra disappointed by Union Budget
Jul 05, 2019, at 07:54 pm
Vijayawada, July 5 (UNI): Leaders of YSRCP, CPI and Loksatta parties have termed the Union budget 2019-20, presented in the Lok Sabha by Union finance minister Nirmala Sitharaman as "disappointing" and said injustice was meted to Andhra Pradesh by not allocating funds to various projects.
Union Budget: Government to consider issuing Aadhaar Card for NRIs with Indian Passports
Jul 05, 2019, at 04:45 pm
New Delhi, July 5 (IBNS): The Union Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports. She also proposed to launch a Mission that will integrate India’s traditional artisans and their creative products with global markets. Wherever necessary patents and geographical indicators, will be obtained for them.
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.
Government to bring greater ease of living through technology
Jul 05, 2019, at 04:38 pm
New York, July 5 (IBNS): Government aims to bring greater ease of living in the lives of its citizens.
Union Budget: Rs. 400 Cr allocated for creating world class educational institutions
Jul 05, 2019, at 04:29 pm
New Delhi, July 5 (IBNS): An amount of Rs. 400 crore has been provided for FY 2019-20 to create “World Class Institutions” in the field of education which is more than three times the revised estimates for the previous year.
All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs
Jul 05, 2019, at 04:26 pm
New Delhi, July 5 (IBNS): For bringing better public ownership of the PSUs and also bring greater commercial and market orientation of the listed PSUs, the Government proposes to take all necessary steps to meet public shareholding norms of 25% for all listed PSUs and raise the foreign shareholding limits to maximum permissible sector limits for all PSU companies which are part of Emerging Market Index.
Jul 05, 2019, at 04:16 pm
New Delhi, July 5 (IBNS): New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space.
Jul 05, 2019, at 04:15 pm
New Delhi, July 5 (IBNS): The Government has announced its intention to invest Rs 100 lakh crore in infrastructure over the next five years.
Union Budget proposes permitting 100% FDI for insurance intermediaries
Jul 05, 2019, at 04:09 pm
New York, July 5 (IBNS): It is being contemplated to permit 100% Foreign Direct Investment (FDI) for insurance intermediaries, announced Union Minister of Finance and Corporate Affairs Nirmala Sitharaman while presenting the Union Budget 2019-20 in the Parliament on Friday.
Public Sector Banks proposed to be provided Rs 70,000 crore capital to boost credit
Jul 05, 2019, at 04:06 pm
New Delhi, July 5 (IBNS): Public Sector Banks are to be further provided Rs 70,000 crore capital to boost credit for a strong impetus to the economy. To further improve ease of living, they will leverage technology, offering online personal loans and doorstep banking, and enabling customers of one Public Sector Bank to access services across all Public Sector Banks.
Union Budget envisions India as a global hub for manufacturing electric vehicles
Jul 05, 2019, at 03:55 pm
New Delhi, July 5 (IBNS): The Union Budget has outlined various proposals for giving a boost to manufacturing of electric vehicles and developing India as a global hub for the same.
Jul 05, 2019, at 03:53 pm
New Delhi, July 5 (IBNS): Changing an age-old tradition where the Finance Minister could be seen carrying a leather bag to carry all budget documents, Nirmala Sitharaman on Friday used a 'Bahi Khata' for the purpose and stated the need to move on from the British hangover as the guiding reason behind taking the step.
Jul 05, 2019, at 03:52 pm
New Delhi, July 5 (IBNS): 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.
FINER welcomes Union Budget 2019
Jul 05, 2019, at 03:50 pm
Guwahati, July 5 (IBNS): The Federation of Industry & Commerce of North Eastern Region (FINER), the premier industry association of the North-east has welcomed the Union Budget- 2019, which was presented by the Union Finance minister Nirmala Sitharaman on Friday.
Jul 05, 2019, at 03:49 pm
New Delhi, July 5 (IBNS): 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 and Corporate Affairs Smt. Nirmala Sitharaman said, “In view of rising income levels, those in the highest income bracket need to contribute more to the Nation’s development”. Thanking the taxpayers, she said that they are playing a major role in Nation building.
Union Budget 2019 will fulfill dreams of New India: PM Modi
Jul 05, 2019, at 02:19 pm
New Delhi, July 5 (IBNS): Praising the first budget of the second Bharatiya Janata Party (BJP) government, Prime Minister Narendra Modi on Friday said it will fulfill the dreams of "New India".
'Bahi Khata' instead of 'brief case', Nirmala Sitharaman upholds Indian tradition in budget
Jul 05, 2019, at 10:41 am
New Delhi, July 5 (IBNS): Upholding the Indian tradition in the budget, Union Finance Minister Nirmala Sitharaman on Friday used 'Bahi Khata' instead of brief case to carry the documents in the parliament.
Ahead of Finance Minister Nirmala Sitharaman's budget presentation, Sensex trades above 40,000
Jul 05, 2019, at 10:12 am
New Delhi, July 5 (IBNS): On a day when Finance Minister Nirmala Sitharaman is going to present her maiden Union Budget, the benchmark indices are trading higher on Friday.
Nirmala Sitharaman to present her maiden budget today
Jul 05, 2019, at 08:55 am
New Delhi, July 5 (IBNS): Finance Minister Nirmala Sitharaman is all set to present her first Union Budget on Friday.