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 MoreFinance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.
The Union Budget 2019 was carried by the Finance Minister Nirmala Sitharaman enclosed in a 'bahi khata' which happens to be a red cloth folder that had the national emblem emblazoned on it in gold.
The farming sector looked upto the Bharatiya Janata Party for its promise of allocating Rs 10,000 crore for providing infrastructure like storage and marketing for small fishermen. Presenting the Union Budget for 2019-20, Sitharaman said the government proposes Pradhan Mantri Matsya Sampada Yojana to address the critical infrastructure gap in the fisheries sector.
Presenting her maiden budget at the Lok Sabha, Finance Minister Nirmala Sitharaman on Friday announced a slew of steps to boost India's infrastructure including a budget allocation for 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana. Read on to know the top 10 announcements from Budget 2019-20.
It also sets the stage for fulfilling our collective dreams of water for every citizen, ensuring electricity connectivity across India and boosting manufacturing especially in sunrise sectors, Shah said, adding that the budget will enable India to become a more vibrant start-up hub.
He said the Budget underlines structural reforms in the agricultural sector and has a roadmap to transform the farm sector and doubling farmers' income.
Finance Minister Nirmala Sitharaman presented the first Budget of the Narendra Modi government's second term in the Lok Sabha Friday morning. Here's the full list of what has become costlier and what has become cheaper.
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.
Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the Lok Sabha. In a major push to home buyers, the finance minister announced there would be no changes in the tax slabs.
NSIL was incorporated on March 6 under the administrative control of Department of Space (DOS) to commercially exploit the research and development work of ISRO centres and constituent units of DOS.
India is capable of emerging as a hub for the production of electric vehicles (EVs), in the process boosting employment generation.
Presenting her maiden budget in the Lok Sabha, Finance Minister Nirmala Sitharaman on Friday said a new television channel will be set up which will enable discussions of issues that are affecting the growth of startups in the country. In June 2016, the Union Cabinet had approved the setting up of the fund, which is managed by Small Industries Bank of India (SIDBI).
Presenting the first Budget of the Modi government in its second term, Sitharaman proposed to expand self help groups (SHG) to all districts and said one woman in every SHG will get loan of up to Rs 1 lakh under Mudra Yojana.
Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the Lok Sabha. On home loans, Sitharaman said the income tax exemption limit has been raised by Rs 1.5 lakh. This is applicable for loans upto Rs 45 lakhs.
To discourage the practice of making business payments in cash the government proposes to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account.
Prime Minister Narendra Modi on March 7 had unveiled new series of coins of one rupee, two rupees, five rupees, ten rupees and twenty rupees, easily identifiable to the visually impaired.
The scheme was launched in 2015 and has faced criticism from several counters over rising debt and overdues of power discoms.
Budget 2019-20: Finance Minister Nirmala Sitharaman presented her first Union Budget in the Parliament on Friday (July 5). She is the first full time woman finance minister of India.
The key Indian equity indices opened on a positive note before the presentation of the Union Budget by Finance Minister Nirmala Sitharaman with the Sensex trading over 100 points higher.
The government was expected to bring in some changes to promote its policy of digital India wherein, they might put some levy on cash withdrawals so that people rely more on digital transactions.
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