Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh. In May 2016, she was one of the 12 candidates nominated by the BJP to contest the Rajya Sabha elections due on 11 June 2016. She successfully contested her seat from Karnataka. On 3 September 2017, she was elevated to Defence Minister. After Narendra Modi was re-elected in 2019 she became the first full time woman after Indira Gandhi to hold the Finance Minister post.
Read MoreInvestment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Economic Survey 2019-20, tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman.
Dedicating a full chapter on "Through 'Thalinomics -- The Economics of a Plate of Food in India", the survey tabled in Parliament by Finance Minister Nirmala Sitharaman analysed data from the Consumer Price Index for industrial workers for around 80 centres in 25 states/Union Territories from April 2006 to October 2019 to arrive at the cost of a 'thali'.
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme of the government which gives Rs 6,000 a year to farmers may see a cut in budgetary allocation.
Budget 2020: The Economic Survey is a comprehensive report card on the economy. The Economic Survey for fiscal 2019-2020 will be presented a day before Finance Minister Nirmala Sitharaman presents Union Budget 2020 on January 31 (today).
Union Budget 2020: The Economic Survey of India for 2019-2020 is presented a day before Finance Minister Nirmala Sitharaman presents Union Budget 2020 on January 31. Economic Survey 2020, prepared by Government of India's Chief Economic Advisor will be tabled in both houses of the Parliament. Here's all you need to know about the Economic Survey:
Even as all eyes will on the Budget, there is a "fantastic four", as they are often referred to within the BJP, who have, for months, been giving critical feedback to the Finance Minister on what the budget should be and specifically, which sectors deserve more allocations.
Congress spokesperson Gourav Vallabh has hit out at the government saying, "In the last 5.5 years, the country's debt has shown an increasing trend in terms of absolute amount. In March 2014, the total debt was Rs 53.11 lakh crore, whereas in September 2019 the same has increased to Rs 91.01 lakh crore."
Sitharaman will place the budget proposals on Saturday and all eyes are set on the government, which is likely to announce measures to revive the economic growth that may slide to a decadal low of 5 per cent for FY20.
Budget 2020: This year's budget is expected to focus on boosting demand at a time when India's GDP growth is estimated to have fallen to an 11-year-low in 2019-20. However, the government is expected to announce some tax boosters and sector-specific reforms to improve growth in the next fiscal starting April 1, 2020.
Union Budget 2020: The Modi government is due to present the Union Budget for FY in Parliament on February 1. As the countdown for the Union Budget 2020 has begun, all eyes are set on what measures will be announced by the Finance Minister Nirmala Sitharaman.
LPG used as fuel in automobiles or Auto LPG, which is among the cleanest alternative fuels with a Global Warming Potential of 'zero' is currently taxed at 18 per cent GST.
Finance Minister Nirmala Sitharaman who will be presenting Budget 2020 on February 1 may announce a raise in import duties on more than 50 items.
Congress leader Prithviraj Chavan claimed on Wednesday that pre-Budget meetings are being held at the Prime Minister's Office (PMO) but Finance Minister Nirmala Sitharaman is not being invited.
Union Minister Prakash Javadekar on Wednesday announced that the central government will have a 'plan of action' to boost the economy with the upcoming budget to be presented on February 1.
The Indian Railways is yet again expecting the highest-ever outlay for capital expenditure of over Rs 1.70 lakh crore from Union Finance Minister Nirmala Sitharaman, who is set to present the Budget on February 1.
Union Finance Minister Nirmala Sitharaman has said the kind of cleaning in the system that the BJP-led government had to carry out after coming to power in 2014 was "unbelievable".
Union Finance Minister Nirmala Sitharaman on Sunday said during the past six years 2,838 persons from Pakistan, 914 persons from Afghanistan and 172 persons from Bangladesh have been conferred Indian citizenship.
Finance Minister Nirmala Sitharaman may announce second-round capital infusion for public sector general insurance companies in the upcoming Budget to improve their financial health.
Finance Minister Nirmala Sitharaman received an unusual suggestion from the BJP - to consider making budgetary provisions to start mid-day meals in madrasas across India following modernising them.
Union Budget 2020-2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 as the first phase of budget session will commence from January 31 and remain effective till February 11
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