Sat, Dec 21, 2024
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.
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Wed, Dec 18, 2024
Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.
Thu, Nov 21, 2024
India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.
Sat, Feb 01, 2020
Budget 2020: FM Nirmala Sitharaman has tried to reach out to each and every section of society.
Also, consequential amendments are being proposed in section 197 (for lower TDS), in section 204 (to define person responsible for paying any sum) and in section 206AA (to provide for tax deduction at 5 per cent in non-PAN/Aadhaar cases).
Budget 2020: In her Budget speech, FM Nirmala Sitharaman had some good news for homebuyers. She said, "For affordable housing, I had announced an additional deduction of up to Rs 1.5 lakh for interest paid on loans taken for purchasing affordable houses. The deduction was allowed on housing loans sanctioned on or before 31st March 2020."
The ministry launched Government e-Marketplace (GeM), an online platform for public procurement, in August 2016 with the objective of creating an open and transparent procurement platform for government departments.
Balanced use of fertilizers: She said, there is a need to encourage a balanced use of fertilizers and this is a necessary step to change the prevailing incentive regime which promotes chemical fertilisers.
Budget 2020: Aadhaar-based verification "Will help in weeding out dummy or non-existent units. Dynamic QR code proposed for consumer invoices. GST parameters will be captured when payment for purchases is made through QR code," Finance Minister Nirmala Sitharaman said during her budget speech
Income tax slabs Budget 2020: In a big relief for income tax payers, Finance Minister Nirmala Sitharaman on Saturday introduced new slabs and reduced the tax rate! This applies to different slabs for an income of up to Rs 15 lakh per annum.
India should be a preferred destination for education - Study in India, the Finance Minister said while presenting the Budget 2020. National Police University, National Forensic Science University to be established. Caption: Budget 2020: Finance Minister Nirmala Sitharaman presentation the Union Budget on Saturday
Union Budget 2020: Finance Minister of India Nirmala Sitharaman on Saturday presented the Aam Budget 2020 in Parliament. Here are important things to know from FM Nirmala Sitharaman's speech - (ANI photo)
"Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of states to 3rd, 5th and 7th February 2020 as under. Notifications will follow", CBIC said in a late night tweet.
The tradition started by the former Prime Minister Manmohan Singh in 1990s when he was serving the country as its finance minister, which has continued till date. And, I hope the finance minister Sitharaman will not disappoint us by not reciting poems or reading couplets while presenting the Union Budget 2020-21, today.
Fri, Jan 31, 2020
"The poor and the middle-class hope and aspire for a modern 21st century infrastructure in the country. To fulfil this aspiration of the people more than Rs 100 lakh crore will be invested in the next five years. With a special emphasis on connectivity, the government is also focusing on creation of new highways, new waterways, new airways, and new I-ways," the President said.
Any informal sector worker in the age group of 18-40 years can enrol for PM-SYM. The monthly insurance premium ranges from Rs 55 at the age of 18 years to Rs 200 at the age of 40 years. The central government is making equal contributions for these workers under the scheme.
However, it has also cautioned that continued global trade problems, escalation in US-Iran geopolitical tensions, and weak economic recovery in advanced economies are the downside risk which have the potential to drag down the growth.
Economic Survey 2020: Finance Minister Nirmala Sitharaman tabled economic survey 2020 in the Lok Sabha on Friday afternoon.
The Economic Survey this year has been printed in lavender colour - the same as the colour of the new 100 rupee currency note, the oldest currency note in circulation in the country. Importantly, The Economic Survey said that growth has bottomed out. (#BudgetOnZee)
Economic Survey 2020: Finance Minister Nirmala Sitharaman has tabled the Economic Survey 2020 in the Lok Sabha today.
An order issued by the Ministry of Personnel, Public Grievances and Pensions said, "The Appointments Committee of the Cabinet (ACC) has approved the appointment of M. Ajit Kumar, IRS (C&CE 84), as Chairman, Central Board of Indirect Taxes and Customs (CBIC)." Kumar is presently a member of CBIC.
"The government intends to divest 15 per cent paid-up equity capital of HAL out of its shareholding of 89.97 per cent through OFS method of shares by promoters," said the request for proposal (RfP) floated by the finance ministry for appointment of merchant bankers.
Thu, Jan 23, 2020
Consumer Sentiments need to be improved, Pawan Goenka says. The government should keep aside the fiscal deficit target of 3.3% for the next two years
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