June 28, 2022 06:19 (IST)
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Uddhav Thackeray wanted to quit but was stopped twice by senior alliance leader: Reports | Assam floods: Aamir Khan donates Rs. 25 lakhs to CM relief fund | Delhi Police arrest AltNews journalist Mohammed Zubair for allegedly hurting religious sentiments | Shiv Sena rebels get reprieve over disqualification notices from Supreme Court till July 12: All updates | PM Narendra Modi highlights India's efforts for green growth at G7 session

Govt may raise tax-free PF contribution limit to Rs 5 lakh for all salaried employees: Report

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

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

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

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.

SAIL Chairman appreciates Union Budget

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

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

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

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

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

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.

After reaching the lowest point, Indian economy to revive from here: Chief Economic Adviser

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

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

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

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.

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

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.