Finance Minister Nirmala Sitharaman on Friday July 5, presented the Union Budget – a statement of the estimated receipts and expenditure of the Government of India for the year 2019-20 – in the Lok Sabha. While laying her statement on the Parliament table, Sitharama announced a hiked tax and raised import duty on[Read More…]
Economy
Market LIVE UPDATES, July 5, 2019: Sensex dips by over 100 points
Follow here for latest live updates on market trends.
Government tables Economic Survey 2019; check link to download
The survey is supposed to be a reflection of the present state of the Indian economy and highlight the developments on key topics .
Economic Survey 2019 Live Updates: Government tables document in Parliament
The survey will be a reflection of the present state of the Indian economy.
Re 1 stamp duty scam: Jharkhand government suffers loss of Rs 1.07 crore
Ranchi: The Jharkhand government has suffered a loss of Rs 1.07 crore due to widespread misuse of a scheme that allows registration of property worth Rs 50 lakh by women at only Re 1 stamp duty. Launched by the state’s Raghubar Das government in June 2017, the scheme made registration[Read More…]
Finance Ministry is unlikely to hike income tax exemption limit; Know why
Income tax collections have been lower than expected which also does not support any possibility of raising the exemption limit.
GST Council Meet LIVE UPDATES: Nirmala Sitharaman to discuss Tax cut, GST evasion and more
Sitharaman will meet state finance ministers in the forenoon and seek their suggestions on union budget for FY20.
Bihar lags in credit-deposit ratio, 2018-19 witnesses decline of 1.29%
On Wednesday, Deputy Chief Minister Sushil Modi, who is also the state’s finance minister, directed banks and financial institutions to be proactive in providing loans for higher investment at SLBC meeting.
Government reduces rate of ESI contribution from 6.5% to 4%
Reduced rates will be effective from July 1 this year and it would benefit 3.6 crore employees and 12.85 lakh employers.
GDP overestimated, growth during 2012-17 at 4.5%: Former CEA Arvind Subramanian
Former CEA said there is a possibility of substantial overestimation in growth figures while stating that actual GDP growth between 2011-12 & 2016-17 was around 4.5%
