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CM Pinarayi Vijayan says Union Budget neglects Kerala

Thiruvananthapuram, July 5 (UNI): Kerala chief minister Pinarayi Vijayan on Friday said the Union budget neglected the interests of the state which had experienced the worst deluge in hundred years in August last year.

Industry leaders welcome Union budget for stress on education, skill development

New Delhi, July 5 (IBNS): industry leaders in the education sector have by and large welcomed the Union Budget that finance minister Nirmala Sitharaman presented in Parliament today.

Budget disappointing, says Chhattisgarh CM

Raipur, July 5 (UNI): Describing the union budget as disappointing, Chhattisgarh chief minister Bhupesh Baghel said that it would lead to a rise in inflation.

Raghubar says Budget for New India, Hemant compares with market of 'Jumlas'

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.

Thrust is on urban as well as rural sectors: Piyush Goyal

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.

Union Budget: Government to consider issuing Aadhaar Card for NRIs with Indian Passports

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;

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

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

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.

All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs

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

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

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

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

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

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.