Budget 2022-23: Aviation sector dismayed on ATF front
Feb 02, 2022, at 02:11 am
New Delhi/IBNS: The Indian aviation players were disappointed with regards to no reduction provided on import duty applicable on Aviation Turbine Fuel (ATF) in this year's fiscal budget.
Only RBI can issue Digital Currency, rest are assets and attract 30 pc tax: Sitharaman
Feb 02, 2022, at 12:41 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
Udyam, e-Shram, NCS, ASEEM portals to be linked to support MSMEs
Feb 02, 2022, at 12:00 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman presenting the Union Budget 2022 on Tuesday said portals like Udyam, e-Shram, National Career Service (NCS) and Atmanirbhar Skilled Employee-Employer Mapping (ASEEM) will be interlinked to increase their scope.
Technology takes centre-stage in health budget
Feb 01, 2022, at 11:52 pm
New Delhi: Technology has taken a centre-stage for the Health Sector in the General Budget presented in the Parliament by Nirmala Sitharaman, Union Minister of Finance.
Indian Market: Sensex moves up 848.40 points on Union Budget presentation day
Feb 01, 2022, at 11:45 pm
Mumbai/UNI: The equity market remained firm for another session on Tuesday as the BSE Sensex posted massive gains of 848.40 points to close high at 58,862.57 following gains in metal, materials, capital goods and FMCG stocks amid a positive Asian Market.
Feb 01, 2022, at 11:31 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has taken major steps in financial inclusion and further digitisation of the rural economy with the announcement of integrating 1.5 lakh post offices under the core banking system and creation of 75 digital banking units.
Budget 2022-23: Extension of ECLGS, e-passports to shore up tourism sector
Feb 01, 2022, at 11:24 pm
New Delhi/IBNS: The financial budget 2022-23 has earmarked 50,000 crore for the hospitality sector under the Emergency Credit Line Guarantee Scheme (ECLGS) and looks to introduce e-passports for easing the travel process globally.
Union Budget: Prime Minister's development initiative for North-East 'PM-DevINE announced
Feb 01, 2022, at 11:12 pm
A new scheme, Prime Minister’s Development Initiative for North-East, PM-DevINE was announced by the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman while presenting the Union Budget 2022-23 here on Tuesday.
Edtech startup Scaler secures USD 55 mln funding from Lightrock India
Feb 01, 2022, at 10:44 pm
Mumbai/IBNS: Edtech startup Scaler on Tuesday announced the successful completion of Series B funding of $55 million from Lightrock India.
Nirmala Sitharaman proposes changes in IBC for faster resolution of bankrupt companies
Feb 01, 2022, at 10:09 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday proposed faster resolution of bankrupt companies by making amendments to Insolvency and Bankruptcy Code (IBC).
Corporate sector hails Union Budget 2022 as 'growth-oriented'
Feb 01, 2022, at 09:43 pm
New Delhi/IBNS: The Indian corporate sector has lauded Finance Minister Nirmala Sitharaman for presenting a "growth-oriented" budget with focus on capital spending and manufacturing to fuel India's growth, including job creation and maintaining high growth momentum.
Union Budget: Manufacturing scheme proposed to build strong ecosystem for 5G
Feb 01, 2022, at 09:22 pm
The Union Budget 2022-23 seeks to lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years – from India at 75 to India at 100.
Union Budget: RBI to issue Digital Rupee
Feb 01, 2022, at 09:06 pm
New Delhi: Union FM Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
Union Budget: Rs. 60,000 crore allocated for Har Ghar, Nal Se Jal Scheme
Feb 01, 2022, at 08:56 pm
New Delhi: An allocation of Rs. 60,000 crore has been made in the Union Budget to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme.
Budget proposes to form high-level committee to refine urban development
Feb 01, 2022, at 07:57 pm
New Delhi: While presenting Union Budget 2022-23 in Parliament on Tuesday, Union Finance Minister Nirmala Sitharaman proposed to form a high-level committee of reputed urban planners, urban economists and institutions to make recommendations on urban sector policies, capacity building, planning, implementation and governance to steer a paradigm change.
Budget 2022-23: FM Sitharaman ups capital outlay by 35.4% to Rs 7.5 lakh cr for FY2023
Feb 01, 2022, at 07:40 pm
Mumbai/UNI: With a clear focus on improving the transportation infrastructure, multi-modal logistic parks, urban planning, as well as energy transition, Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023, on Tuesday proposed a 35 percent increase in capital expenditure to Rs 7.5 lakh crore in fiscal year 2023.
Budget2022: Nirmala spotlights on infra spending; IT slabs unchanged, 30 pc crypto tax imposed
Feb 01, 2022, at 07:23 pm
New Delhi/IBNS: With an emphasis on infrastructure spending and keeping the Income Tax slabs unchanged, Union Finance Minister Nirmala Sitharaman presented her fourth budget in Parliament where she announced a big leap in capital expenditure while imposing a tax of 30 percent on gift of cryptocurrencies at receiver's end amid declaration of digital rupee issuance by the RBI shortly.
Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala
Feb 01, 2022, at 05:53 pm
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.
LIC IPO to hit the market soon: Nirmala in Budget2022 speech
Feb 01, 2022, at 05:21 pm
New Delhi: Union Finance Minister Nirmala Sitharam in her budget speech said the initial public offering (IPO) of state-backed Life Insurance Corporation of India is expected to hit the market soon.
Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget
Feb 01, 2022, at 03:36 pm
New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.
Nirmala Sitharaman to present Union Budget today
Feb 01, 2022, at 02:09 pm
New Delhi: Union Finance Minister Nirmala Sitharaman will present the annual budget on Tuesday.
India's external trade recovers in 2021-22: Economic Survey
Feb 01, 2022, at 02:58 am
New Delhi: External trade recovered strongly in 2021-22 after the pandemic-induced slump of the previous year, with strong capital flows into India, leading to a rapid accumulation of foreign exchange reserves.
Indian Market: Sensex up by 813.94 points
Feb 01, 2022, at 02:40 am
Mumbai/UNI: The BSE Sensex on Monday rallied 813.94 points, to close at 58,014.17 on the strength of Realty, IT, Technology and Energy stocks amid positive global cues.
Startups seek 'booster dose' in form of tax incentives from Union Budget
Feb 01, 2022, at 02:20 am
Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.
GST collection crosses Rs 1.30 lakh cr mark for 4th time since its roll-out: Finance Ministry
Feb 01, 2022, at 02:00 am
The GST (Goods and Services Tax) collection for the month of January stands at Rs 1,38,394 crore, as per data released by the government on Monday.
India's core sector output grew 3.8 pc in December, steel and crude oil production dip
Feb 01, 2022, at 01:43 am
New Delhi/UNI: Led by cement, natural gas and other sectors, India's core sector output grew 3.8% year-on-year in December, 2021.
Feb 01, 2022, at 12:14 am
Riyadh/IBNS: A new agreement between the Ministry of Culture and Cirque du Soleil Entertainment Group has paved the way for the renowned organization to bring some of its top shows and award-winning performances to Saudi Arabia.
Despite COVID-19 shock, Indian agriculture sector grows 3.9 pct in 2021-22: Economic Survey
Jan 31, 2022, at 11:12 pm
New Delhi: The Agriculture sector which accounts for 18.8 per cent of Gross Value Added (GVA) of the country in 2021-22 has experienced buoyant growth in the past 2 years.
Govt spending on social service increases significantly amid pandemic: Economic Survey
Jan 31, 2022, at 10:42 pm
New Delhi: The government’s spending on Social Services increased significantly during the pandemic states the Economic Survey 2021-22.
Economic Survey: Indian economy projected to grow at 8-8.5 pct during next fiscal
Jan 31, 2022, at 09:14 pm
New Delhi: India forecast an economic growth of 8 to 8.5 percent in the coming fiscal year that starts in April, as per the Economic Survey 2022 tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Monday.