Finance Minister Nirmala Sitharaman literally did a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget. Read through the blog to know how Nirmala Sitharaman's maiden Budget speech flowed out.
Budget 2019-20: Modi Sarkaar 2.0 is all set to announce its first union budget on July 5 and all eyes are on India's first full-time female Finance Minister, Nirmala Sitharaman.
Budget 2019-20: Modi Sarkaar 2.0 is all set to announce its first union budget on July 5 and all eyes are on India's first full-time female Finance Minister, Nirmala Sitharaman.
Mumbai, July 4 (IANS) Former Reserve Bank of India Governor Urjit Patel has warned against the temptation to deploy public sector banks to kick-start growth via mass-scale lending without proper regulations, as it has the potential to flare up the non-performing asset (NPA) situation again.
Sources said that the Budget 2019-20 will take the sops announced in the Interim Budget further by raising the basic tax exemption limit for an individual income tax payee to Rs 3 lakh from Rs 2.50 lakh at present to cover for the inflationary impact over the years.
Budget 2019-20: Modi Sarkaar 2.0 is all set to announce its first union budget on July 5 and all eyes are on India's first full-time female Finance Minister, Nirmala Sitharaman. At 11 am on Friday, Nirmala Sitharaman will table the budget in the Parliament. IndiaTVNews.com brings to you a list of various expectations by different sectors as far as Budget 2019-20 is concerned.
Finance Minister Niramala Sitharaman presented her first Union Budget of Modi Sarkar 2.0 in the Parliament on Friday. In a major development, Paramilitary Force officials will get great relief from the Central government, as their salaries are likely to get hike without promotion, according to reports.
The Economic Survey, tabled in Parliament on Thursday, projected India's growth to rise to 7 per cent in the current fiscal, from five-year low of 6.8 per cent in 2018-19.
The Finance Ministry has made progress in the strategic sale of 28 state-owned companies, of which three have already been sold off in the previous fiscal. The Department of Investment and Public Asset Management (DIPAM) had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19
The annual Economic Survey, usually presented a day before the presentation of the annual budget, projects the state of health of the country's economy and outlines the challenges.
7th Pay Commission: The NDA government's Union Budget 2019, to be presented by Nirmala Sitharaman, is likely to bring good news for Central Government employees. Centre may hike the minimum pay and fitment factor of the government employees beyond 7th Pay Commission in the upcoming Union Budget.
The Central sector projects are BharatNet to provide affordable broadband services to citizens and institutions in rural areas where the financial outlay was Rs 8,000 crore in last fiscal.
Budget 2019-20: Finance Minister Nirmala Sitharaman will present the full-year budget for financial year 2019-20 on July 5. This will be the first budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after securing a massive mandate in May. The Budget Session began on June 17 and will end on July 26.
Seeking tax incentives, the e-vehicle sector has argued that these would boost the government's flagship manufacturing scheme Make in India and drastically cut down vehicular pollution in the country.
The move is expected to bring investments into a sector considered crucial for economic growth. Money flows into greenfield power projects have dried out as work on several upcoming and newly commissioned projects have come to a grinding halt over financing and fuel-related issues.
The meeting was also attended by officials from the Finance Ministry, Electronics & IT Ministry, Department of Telecommunications, CBDT and others.
Sitharaman will be presenting the 2019-20 budget on July 5. Senior officials of the finance and agriculture ministries, as well as representatives of different agriculture groups, were also present in the two-and-half-hour of meeting here.
The SEDP, a flagship program of the Mizo National Front (MNF) government, aims at accelerating progress in key sectors and transforming Mizoram into a welfare state.
The country's exports grew 9 percent to USD 331 billion in 2018-19. The Budget is scheduled to be presented on July 5.
"With the Modi government taking full charge, all sectors have high hopes from the finance minister - who is already saddled with multiple issues including the slowing economy, liquidity crunch due to NBFC crisis, lack of job creation and rising NPAs, among others," Anarock Chairman Anuj Puri said.
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