Search For "finance"
Govt abolishes DDT, pegs revenue loss at Rs 25,000 crore
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday announced the abolition of dividend distribution tax (DDT), a move that will result in revenue foregone to the tune of Rs 25,000 crore.
Read More
Govt took key steps in budget to make India US$ 5 trillion economy: Amit S
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Union Home Minister Amit Shah on Saturday said that Prime Minister Narendra Modi led Central government has taken effective steps in the union budget to make India a US$ 5 trillion economy.
Read More
Finance Commission to set up expert group to work out modalities on MoD's
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): The 15th Finance Commission has decided to set up an expert group consisting of representatives from various ministries to work out the modalities on the demand of Defence Ministry for non-lapsable funds for the acquisition and levying of 'defence cess' to fin
Read More
Government allocates Rs 12,300 crores for Swachh Bharat Mission
Updated : 6 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday announced that the government has allocated Rs 12,300 crores for Swachh Bharat Mission while presenting the Union Budget for the year 2020-21, according to an official press release.
Read More
MSMEs turnover threshold for audit increased five times to Rs 5 crore
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): To reduce compliance burden on small retailers, traders, shop keepers who comprise the medium, small and micro enterprises (MSME) sector, the Union Budget has proposed to raise by five times the turnover threshold for audit from the existing Rs 1 crore to 5
Read More
Govt wants to place money in hands of people, simplify income tax process:
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday said the government wants to simplify the income tax process, increase compliance and place money in the hands of people.
Read More
Defence gets 6 percent hike, Rs 1.1 lakh crore for modernisation
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): The defence budget has been hiked by 6 per cent from Rs 3.18 lakh crore to Rs 3.37 lakh crore in the Union Budget 2020 presented by Finance Minister Nirmala Sitharaman on Saturday.
Read More
Bloodbath on D-Street, budget fails to impress investors
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 1 (ANI): Stock markets witnessed a bloodbath during the special trading session on Saturday as traders resorted to short selling after Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21.
Read More
Rs 99,300 crore for education sector in 2020-21, says FM
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday proposed a total outlay of Rs 99,300 crore for the education sector in 2020-21 and Rs 3,000 crore for skill development.
Read More
Budget proposes wide-ranging facilitation measures in direct tax regime
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): The Union Budget 2020-21 has proposed a new scheme called 'Vivad Se Vishwas' (no dispute but trust) which aims at reducing litigations in the direct taxes payments.
Read More
Union Budget will further strengthen economy: Yogi Adityanath
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath has lauded the Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday in Lok Sabha and said that this budget will further strengthen the economy.
Read More
FM proposes to bring out policy to enable pvt sector in building Data Cent
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday proposed to soon bring out a policy to enable private sector in building Data Centre Parks throughout the country, thus enabling firms to incorporate data in every step of their value chains.
Read More