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.
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.
INVESTMENTS: Budget 2019 - Foundation stone for New India !!!
Budget 2019 is eagerly awaited because this will be the first budget after Govt. assumed office after the historic elections. Being Nirmala Sitharaman’s first one, it will be a tricky and delicate one at the same time because the Government would like to lay path for next 5 years and can afford to take some harsh decisions due to stable majority. The Budget could kick start the sluggish Economy and direction-less Capital Markets. Possible area of concentration could be Infrastructure, Agriculture, Water, Health, Auto Sector & sick PSUs to name a few. Discipline in fiscal and Monetary front could dictate the future policy decisions. Anyway, we will come to know everything on 5th July, 2019. So, let’s focus on making Money.
New Delhi, June 22 (IBNS): Halwa ceremony marking the commencement of Budget printing process for the General Budget 2019-20 was held in North Block here on Saturday in the presence of Union Minister of Finance & Corporate Affairs Nirmala Sitharaman.
One Lakh villages to go digital over next five years: Govt
New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.
New Delhi, Feb 1 (IBNS): The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax, said Finance Minister Piyush Goyal.
New Delhi, Feb 1 (IBNS): The Indian government on Friday said it has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative.
New Delhi, Feb 1 (IBNS): The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade, Union Finance Minister Piyush Goyal said on Friday.
India now 6th largest economy in the world with high growth: FM Piyush Goyal
New Delhi, Feb 1 (IBNS): Under the leadership of the Prime Minister Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14, said Union Finance Minister Piyush Goyal on Friday.
Union Budget: Highest ever growth of 42% recorded in minimum wages of labours during last 5 years
New Delhi, Feb 1 (IBNS): During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far, revealed Union Finance Minister Piyush Goyal while presenting the budget on Friday.
Union Budget: Government proposes to launch pension scheme for unorganised sector workers
New Delhi, Feb 1 (IBNS): The Government on Friday proposed to launch a mega pension yojana namely 'Pradhan Mantri Shram-Yogi Maandhan'for the unorganised sector workers with monthly income upto Rs. 15,000.
Union Budget: Fiscal deficit pegged at 3.4% of GDP for 2019-20
New Delhi, Feb 1 (IBNS): The Interim Budget 2019-20 has pegged the fiscal deficit for the year 2019-20 at 3.4% of GDP.
Income upto Rs 5 lakh to get full tax rebate: FM Goyal announces in Budget
New Delhi, Feb 1 (IBNS): Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax, Union Finance Minister Piyush Goyal announced while presenting the budget on Friday.
New Delhi, Feb 1 (IBNS): To provide assured income support to the small and marginal farmers, the Government said it is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
Budget 2019: Income tax exemption limit raised to Rs. 5 lakh
New Delhi, Feb 1 (IBNS) : Union Finance Minister Piyush Goyal proposed rise in the income tax exemption limit to Rs. 5 lakh as he presented the National Democratic Alliance Government's sixth and final budget on Friday.