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.

The Bengal Chamber says the Union Budget is an exercise in pragmatism

Jul 05, 2019, at 08:21 pm

Kolkata, July 5 (IBNS):  BCC&I (Bengal Chamber) views the Union Budget 2019-20 as an exercise in pragmatism towards a 5 trillion dollar economy by 2024 with a ten point vision for the decade by simplifying procedures, incentivizes performances, reducing red tape and making best use of technology through acceleration of mega programmes and services.

The Union government's focus on affordable housing welcomed by the real estate sector

Jul 05, 2019, at 08:17 pm

Kolkata, July 5 (IBNS); Although India's benchmark indices reacted negatively to the Union Budget 2019 presented on Friday by Union Finance minister, Nirmala Sitharaman, Prime Minister Narendra Modi has said this budget "is one of hope and it is a budget that will boost India's development in the 21st century."

How some of the industry leaders are looking the Union Budget 2019

Jul 05, 2019, at 08:11 pm

Kolkata, July 5 (IBNS): The Union Budget 2019, presented by Finance Minister Nirmala Sitharaman has evoked a plethora of responses from the industry leaders.

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.

Yes Bank slumps by 8.36 pc to Rs 88.20

Jul 05, 2019, at 05:03 pm

Mumbai, Jul 5 (UNI) Yes Bank on Friday slumped by 8.36 per cent to Rs 88.20 to be the top loser in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).

Indian Market: Sensex tanks by 394.67 points

Jul 05, 2019, at 04:54 pm

Mumbai, Jul 5 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Friday tanked by 394.67 points, to settle at 39,513.39, after Budget failed to boost the sentiment.

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.

GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns;

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.

Union Budget proposes Strengthening MSMEs to boost Make in India

Jul 05, 2019, at 04:27 pm

New Delhi, July 5 (IBNS): “Make in India”, with particular emphasis on Micro, Small and Medium Enterprises, is one of the major focus areas of the Union Budget this year. Delivering her budget speech in Parliament today, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman announced various proposals aimed at strengthening the sector.

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.

India to move towards harnessing its space capability commercially, New Space India Limited incorporated towards this end

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.

Budget 2019: Expert Committee to be set up to recommend the structure and required flow of funds through development finance institutions

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.

I thought it is high time we move on from the British hangover: Nirmala Sitharaman says on using 'Bahi Khata'

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.

Union Budget proposes number of measures to enhance the sources of capital for infrastructure financing

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.

Union Budget: Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively

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.

Key Highlights of new Modi govt's Union Budget 2019-20

Jul 05, 2019, at 03:25 pm

New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows:

Jaguar Land Rover accelerates electrification

Jul 05, 2019, at 03:21 pm

Castle Bromwich, UK, July 5 (IBNS): Jaguar Land Rover on Friday revealed plans to manufacture a range of new electrified vehicles at its manufacturing plant in Castle Bromwich, UK.

Increased allocation of money in Defence sector: Nirmala Sitharaman

Jul 05, 2019, at 03:11 pm

New Delhi, July 5 (IBNS): Though not mentioned during the presentation of the Union Budget, Finance Minister Nirmala Sitharaman at a press conference said she has increased allocation of money in the Defence sector.

Union Budget 2019: New Space India Ltd. incorporated to spearhead commercialization of various space products

Jul 05, 2019, at 03:05 pm

New Delhi: Presenting the General Budget 2019-20 in the Parliament today, Union Minister of Finance and Corporate Affairs  Nirmala Sitharaman said that a Public Sector Enterprise viz. New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space to tap the benefits of the Research & Development carried out by ISRO.

Union Budget 2019: DD channel for start-ups

Jul 05, 2019, at 02:58 pm

Union Finance Minister Nirmala Sitharaman said that the Government proposes to start a channel within the DD bouquet of channels exclusively for start-ups.

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".

Nirmala Sitharaman presents first Union Budget of Modi 2.0, sets 5 trillion economy goal

Jul 05, 2019, at 01:55 pm

New Delhi, July 5 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday presented the first full Union Budget of the second Narendra Modi government and aimed to achieve a five trillion economy goal.