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.
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.
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.
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.
Within our capacity to reach the 5 trillion economy goal: FM Sitharaman
Jul 05, 2019, at 11:25 am
New Delhi, July 5 (IBNS): Presenting the Union Budget in the parliament, Finance Minister Nirmala Sitharaman said it is within the country's capacity to reach the five trillion economy goal.
'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.
Lenovo launches latest fitness wearable in India
Jul 04, 2019, at 11:29 pm
Bangalore/Chennai, Jul 4 (IBNS): Global technology giant Lenovo has announced the launch of its latest fitness wearable in India, the Smart Band Cardio 2 HX06H, packing in all utility features at a palatable price tag of Rs. 1,499.
Country expects Union Budget to focus on reforms, says CEO and MD of Equitas Small Finance Bank
Jul 04, 2019, at 11:22 pm
Kolkata, July 4 (IBNS): With a second term through a resounding mandate, the Indian finance industry expects the Modi government to focus the budget around reforms that will be critical to drive long term economic growth, according to PN Vasudevan, CEO and MD, Equitas Small Finance Bank.
Jul 04, 2019, at 10:24 pm
Kolkata, July 4 (IBNS): One of the long outstanding demands of the agri warehousing industry has been the rationalization of indirect taxes, according to Sandeep Sabharwal, Group CEO, Sohan Lal Commodity Management Pvt Ltd.
A glimpse into what the Real Estate sector is looking for in Friday's Union Budget
Jul 04, 2019, at 09:49 pm
Kolkata, July 4 (IBNS): ‘The Real Estate sector needs approximately Rs 35,000 to Rs 40,000 core of financial stimulus for its revival, said Ramesh Nair, CEO & Country Head, JLL India (a global real estate services firm) while talking of his expectations from the Union Budget 2019 to be tabled on Friday.by India's first full-time woman finance minister, Nirmala Sitharaman.
India Budget - Navigating Troubled Waters : ICICI Bank Treasury Research Group report
Jul 04, 2019, at 09:12 pm
Kolkata, July 4 (IBNS): Fiscal deficit target of 3.4 per cent, could be difficult to achieve, in light of revenue constraints, expenditure priorities in the face of slowing growth and promised economic and welfare schemes to the electorate, according to a pre-Budget report published by ICICI Bank's Treasury Research Group.