Budget proposes to form high-level committee to refine urban development
Feb 01, 2022, at 07:57 pm
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
Feb 01, 2022, at 07:40 pm
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
Feb 01, 2022, at 07:23 pm
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
Feb 01, 2022, at 03:36 pm
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
Feb 01, 2022, at 02:09 pm
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
Feb 01, 2022, at 02:20 am
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.
Jan 26, 2022, at 02:04 am
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
Dec 29, 2021, at 05:57 am
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.
Feb 06, 2021, at 12:06 am
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
Feb 01, 2021, at 11:39 pm
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.
Feb 01, 2021, at 10:40 pm
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
Feb 01, 2021, at 10:16 pm
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
Feb 01, 2021, at 09:50 pm
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
Feb 01, 2021, at 09:48 pm
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
Feb 01, 2021, at 09:39 pm
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.
Feb 01, 2021, at 09:35 pm
New Delhi: While presenting the Union Budget 2021-22 in Parliament on Monday the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman announced a sharp increase in capital expenditure with BE of Rs 5.54 lakh crore which is 34.5% more than the BE of last financial year (Rs. 4.12 lakh crore).
Union Budget: Rs. 3,768 crore allocated for first digital census in the country
Feb 01, 2021, at 09:29 pm
New Delhi: Presenting the Union Budget 2021-22 in Parliament on Monday, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman outlined the plans for reforms in one of the six pillars of the budget i.e. of Minimum Government, Maximum Governance.
Union Budget: Rs. 2,23,846 crore allocated to health sector
Feb 01, 2021, at 09:21 pm
New Delhi: The Union Budget 2021-22 presented in Parliament on Monday by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman clearly reflected the deep imprint the global pandemic of COVID-19 has left on the country’s public health landscape.
Union Budget: Govt proposes Public Private Patnership mode for operational services at major ports
Feb 01, 2021, at 09:16 pm
New Delhi: Seven projects worth more than Rs 2,000 crore will be offered by the major ports on Public private partnership mode in FY21-22.
Feb 01, 2021, at 07:38 pm
New Delhi/IBNS: Amid the pandemic and riding on the call for a self-reliant (Atmanirbhar) India, Union Finance Minister Nirmala Sitharaman presented a budget with substantial focus on healthcare and vaccine, while exempting pensioners above 75 years from filing Income Tax, keeping the personal IT unchanged and announcing infrastructural funds for poll-bound states Tamil Nadu, West Bengal, Kerala and Assam.
Nirmala Sitharaman to present Union Budget today
Feb 01, 2021, at 02:42 pm
New Delhi: Union Finance Minister Nirmala Sitharaman will present the Union Budget on Monday.
Jan 30, 2021, at 08:44 pm
Mumbai/IBNS: The aviation sector has suffered unprecedented losses due to Covid-19 pandemic and still continues to cast its shadow on the sector.
Jan 23, 2021, at 11:53 pm
New Delhi: The Halwa ceremony, marking the final stage of the Budget making process for Union Budget 2021-22, was held in North Block here today afternoon in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman.
Government intends to simplify tax regime: Nirmala Sitharaman
Feb 07, 2020, at 04:23 pm
Mumbai/IBNS: Neary a week after presenting her second Union Budget, Finance Minister Nirmala Sitharaman on Friday said her government intends to simplify the tax regime of the country.
Feb 04, 2020, at 11:40 pm
Kolkata/IBNS: ASSOCHAM Chairman PC Mody, while talking about the thought process that went in drafting Budget 2020 at the body's Post-Budget Conference to analyse tax-related proposals, said their focus was on promoting voluntary tax compliance, facilitate the compliant taxpayer and go after the delinquent ones.
Union Budget: Rs 69,000 crore provided for health care in Union Budget 2020-21
Feb 01, 2020, at 05:01 pm
New Delhi/IBNS: In order to achieve the holistic vision of health care that translate wellness of the citizen, about Rs. 69,000 crore have been provided for health care in Union Budget 2020-21. It includes Rs. 6400 crores for Prime Minister Jan Arogya Yojana (PMJAY).
Union Budget: Tourism sector proposed to get Rs 2,500 Crore in union budget 2020-21
Feb 01, 2020, at 04:23 pm
New Delhi/IBNS: To make India an attractive destination for both international and domestic tourists, Union Finance Minister Nirmala Sitharaman proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector.
Wanted to simplify income tax process: Nirmala Sitharaman
Feb 01, 2020, at 04:09 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday said her government proposed to provide the middle-class taxpayers an optional regime in order to ensure that the money is placed in the hands of people and simplify the income tax process.
Nirmala Sitharaman presents budget with big income tax cuts for middle class
Feb 01, 2020, at 03:51 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday presented a budget to boost the sagging economy offering middle class tax payers an optional regime that vastly reduces the rates while promising to infuse big money in the farm sector and infrastructure that included building of 100 new airports in the next few years. However, the stock market tanked as the FM continued her budget speech.
Union Budget: 100 more Airports to be developed by 2024 to support UDAAN Scheme
Feb 01, 2020, at 03:39 pm
New Delhi/IBNS: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament, on Saturday said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all citizen. She said 100 more airports would be developed by 2024 to support Udaan scheme