Nirmala Sitharaman will present the Budget for fiscal 2020-21 in the Lok Sabha at 11 am
Tag: budget
Desist from presenting a full budget, Congress warns Modi government
New Delhi, The Congress on Thursday warned the Modi government against presenting a full-fledged Budget instead of a vote on account, saying it will violate Constitutional propriety and parliamentary norms and threatened massive protests. Questioning the legitimacy of the Modi government’s reported move, Congress spokesperson Manish Tewari asked how the[Read More…]
Budget 2019 Expectations: Travel and Tourism sector demands increase in the lowest tax slab upto 5 lacs
Travel Unravel Holidays Private Limited, a travel e-commerce retail player, has put forth the demands of the industry before the ensuing Union Budget 2019-20, on behalf of the travel and tourism industry, today. Saurabh Sharma, co-Founder and Director, Travel Unravel Holidays said, “The travel and tourism sector accounts for 9.4%[Read More…]
Delhi govt approves budget for roads, drains in illegal colonies
The Delhi government has sanctioned the budget for the construction of roads and drains in unauthorised colonies here, Chief Minister Arvind Kejriwal said on Thursday. Good news for those living in hellish conditions in unauthorised colonies. The Delhi government has approved and sanctioned budget for the construction of roads and[Read More…]
Karnataka maiden budget highlights: Hike in petrol price, major focus on loan waiver
Karnataka Chief Minister H D Kumaraswamy announced a number of populist schemes including huge farm loan waivers to the tune of Rs 2 lakh while presenting his maiden budget on Thursday July 5, in Vidhana Soudha in Bengaluru. The budget proposes formation of a farmer’s consultation committee comprising of progressive farmers. CM Kumaraswamy[Read More…]
Government has failed fiscal consolidation test: Chidambaram
New Delhi: Congress leader P. Chidambaram on Thursday said Finance Minister Arun Jaitley had failed the fiscal consolidation test that will have “serious consequences” on the economic growth rate. Chidambaram tweeted that the fiscal deficit limit of 3.2 per cent in 2017-18 had been breached and was now estimated at 3.5[Read More…]
Rs 5 lakh healthcare cover for 10 crore poor families: Jaitley
New Delhi: Finance Minister Arun Jaitley on Thursday announced a flagship National Health Protection Scheme under which Rs 5 lakh cover will be provided a year to 10 crore poor and vulnerable families in the country. “We are now launching a flagship national health protection scheme to cover 10 crore poor[Read More…]
Employment key to better future, Economists tell PM Modi ahead of Budget
Even as NITI Aayog claims to have found that statistics on lack of employment are overstated, there was consensus during Prime Minister Narendra Modi’s interaction with country’s leading economists that employment generation was the key going forward. At an event organised by the NITI Aayog ahead of the Union Budget,[Read More…]
Maharashtra farm loan waiver: Congress demands probe into ‘ghost accounts’
Terming it a scam, the Congress on Tuesday asked whether Maharashtra Chief Minister Devendra Fadnavis will order an impartial judicial probe into the 22 lakh “ghost accounts” as claimed by his government, out of 89 lakh beneficiaries meant for farm loan waiver. “The Maharashtra Chief Minister and his government has[Read More…]
Corruption in politics due to electoral funding mechanism: Arun Jaitley
Finance Minister Arun Jaitley said that cleansing political funding is a “big challenge” but the government is working on the electoral bonds mechanism announced in Budget to end corruption. He further added that people used to say that if corruption is to be annihilated from the country, then the exercise[Read More…]
Captain Amarinder Singh likely to waive farmers’ loan
Punjab government led by Capt Amarinder Singh is likely to include the much-awaited debt relief for farmers in the budget proposals. It is expected to be announced towards the end of this month. According to the sources, the government, with the help of a group of experts, is working on[Read More…]
Chandigarh: 3,100 MC employees payment stalled
Rajasthan government announces cow cess
Rajasthan government has imposed a 10% cow cess as surcharge on stamp duty payable on all instruments for protection and propagation of cow and its progeny in the state. The surcharge will be applicable on non-judicial instruments. “In exercise of the powers conferred of the Rajasthan Stamp Act, 1998 and[Read More…]
19 Opp MLAs in Maharashtra assembly suspended
Cash transaction limit slashed to Rs 2 lakh
The government on Tuesday moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh as provided in the Budget, as it introduced an amendment to this effect in the Finance Bill cleared by the Lok Sabha on Tuesday. The tightening of the cap[Read More…]
Trump administration releases ‘America-First’ budget proposal
Trump administration on Thursday released a preliminary 2018 budget proposal, which details many of the changes the US President wants to make to the federal government’s spending. To pay for an increase in defence spending, the ‘America First’ budget proposes dramatic cuts to many federal agencies including Environmental Protection Agency,[Read More…]
The financial year 2017 to be the best for airlines
Airlines are likely to experience a traffic growth of 22-23 %, making it one of the best for the sector this financial year, even though oil prices created substantial pressure. “Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on[Read More…]
Delhi govt to build 11,000 toilets by FY 2017-18 end: budget
Delhi government will construct 11,000 toilets by the end of the next finacial year towards making the national capital open defecation-free. Deputy Chief Minister Manish Sisodia, while presenting the budget in the Assembly, said the AAP government has prepared a sanitation plan based on a survey done by the Delhi[Read More…]
TN’s new govt to release budget on March 16
Budget session of Maharashtra Assembly begins
Kerala govt increases journalists pension by Rs 2,000
Corporates welcome the new and ‘positive’ Union budget
The corporate and industries sectors embraced the new Union budget. They perceive it as a positive decision and booster to the rural economy as well as housing and infrastructure. The Federation of Indian Chambers of Commerce and Industries (FICCI) president Pankaj Patel described the budget as “directionally correct and fiscally[Read More…]
No delay, Budget to be presented as scheduled
President Pranab Mukhejee has given his assent allowing Finance Minister Arun Jaitley to present Union Budget 2017. The Budget will be presented as scheduled as the government has spoken to all parties, as per the sources. Earlier there were reports that Budget may postpone by a day after MP E[Read More…]
