November 12, 2024 09:28 (IST)
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UK PM approves world's second 6th-gen stealth fighter aircraft developed to counter Russia, China | Russian Deputy PM Denis Manturov calls on PM Modi, discusses strategic partnership | Karnataka Minister sparks row with racist remark against HD Kumaraswamy | BJP urges EC to 'reprimand, censure' Rahul Gandhi for spreading 'lies' in Maharashtra poll campaign | 10 suspected Kuki insurgents killed in encounter with security forces in Manipur's Jibram, curfew imposed

Budget proposes to form high-level committee to refine urban development

New Delhi: While presenting Union Budget 2022-23 in Parliament on Tuesday, Union Finance Minister Nirmala Sitharaman proposed to form a high-level committee of reputed urban planners, urban economists and institutions to make recommendations on urban sector policies, capacity building, planning, implementation and governance to steer a paradigm change.

Budget 2022-23: FM Sitharaman ups capital outlay by 35.4% to Rs 7.5 lakh cr for FY2023

Mumbai/UNI: With a clear focus on improving the transportation infrastructure, multi-modal logistic parks, urban planning, as well as energy transition, Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023, on Tuesday proposed a 35 percent increase in capital expenditure to Rs 7.5 lakh crore in fiscal year 2023.

Budget2022: Nirmala spotlights on infra spending; IT slabs unchanged, 30 pc crypto tax imposed

New Delhi/IBNS: With an emphasis on infrastructure spending and keeping the Income Tax slabs unchanged, Union Finance Minister Nirmala Sitharaman presented her fourth budget in Parliament where she announced a big leap in capital expenditure while imposing a tax of 30 percent on gift of cryptocurrencies at receiver's end amid declaration of digital rupee issuance by the RBI shortly.

Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget

New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.

Nirmala Sitharaman to present Union Budget today

New Delhi: Union Finance Minister Nirmala Sitharaman will present the annual budget on Tuesday.

Startups seek 'booster dose' in form of tax incentives from Union Budget

Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.

Higher PLI allocations, change in tax concessions expected in budget 2022-23; Fiscal deficit likely at 6-6.25 pc: BOB Economics Research

New Delhi/IBNS: Union Budget 2022-23 is expected to come with measures to boost consumption, changes in tax concessions and higher allocation to PLI schemes amid twin challenges of fiscal consolidation and boosting growth, according to FY23 Budget Preview by BOB Economic Research. Further, it pegged the fiscal deficit at 6-6.25 percent in view of these factors along with upcoming state elections and gross borrowing expected to be maintained at Rs 12-13tn, despite higher repayments.

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.

Private sector has a key role in India’s growth recovery, Government will be a good facilitator: Finance Minister Nirmala Sitharaman

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said that while the Union Budget 2021-22 provides for enhanced capital expenditure by the Government, it also envisages private sector participation in a big way.

India Inc praises Union Budget 2021 as growth-oriented

New Delhi: Indian business fraternity on Monday praised FM Nirmala Sitharaman's budget that was presented at a time when the country is still fighting COVID-19 outbreak.

Union Budget: Rs.1000 Crore to be provided for Welfare Scheme for tea workers of Assam, West Bengal especially women and children

New Delhi: The Government has taken several measures to protect the weaker and vulnerable sections of the society especially during the COVID-19 pandemic.

Union Budget: FM Nirmala Sitharaman rejoices 75-yr-old elderlies with no tax

New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Monday announced exemption of senior citizens 75 years or above in filing income tax, who are dependent on pensions or interests on savings.

Union Budget: Additional 11,000 kms of national highway corridors to be completed by March 2022

New Delhi: The Union Minister of Finance and Corporate Affairs  Nirmala Sitharaman on Monday announced several measures to augment road infrastructure in the Union Budget 2021-22 presented in the Parliament.

Union Budget: Government to introduce single securities markets code

New Delhi: While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman announced that the Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code.

Union Budget: FDI limit in insurance sector increased from 49 pct to 74 pct

New Delhi: While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman announced that the Government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards.