As many as 13 bills were passed in Gujarat Assembly on Friday, a day when the Gujarat Legislative Assembly created a new record. The Assembly functioned from 10 am till 3 am in the wee hours of Saturday.
Finance Minister Nirmala Sitharaman on Thursday said that the tax proposals in the Finance Bill 2019 are aimed at improving the ease of living and reducing the pain of the citizens
We all like to party with friends or go out shopping but some financial habits leave smart savers with empty wallets. People having bad financial habits faces several issues. Like if one spends more than he earns then it may lead him to cash crunch during financial emergencies.
The Kamal Nath government in Madhya Pradesh on Wednesday presented its maiden budget aiming to please various sections of society wherein it has proposed to allocate Rs 132 crore for the welfare of bovines and hiked grant to the state Waqf Board and Haj committee.
Justifying raising of tax incidence on the super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super-rich to pay extra tax.
The Budget has missed the opportunity to focus on steps to boost exports which are already reeling under the global headwinds and witnessing a flattened growth, exporters' bodies said Saturday.
Budget 2019-20 has made a clean break from the past by focusing on the big picture and setting out a clear direction for the Modi 2.0 government, Niti Aayog Vice Chairman Rajiv Kumar said Saturday.
Budget 2019-20: Union Finance Minister Nirmala Sitharaman's proposal to slap a 5 per cent customs duty on imported books in order to encourage the domestic publishing industry has not gone down well with book lovers, while publishers feel the government could help the publishing industry with some more concrete measures, like reducing the cost of paper.
Budget 2019-20: The American corporate sector on Friday hailed the maiden Budget of Finance Minister Nirmala Sitharaman, noting that it is not only inclusive but also attractive for foreign investments. President of US India Strategic and Partnership Forum (USISPF) Mukesh Aghi said the budget is inclusive and policy decisions are encouraging for American companies.
Budget 2019-20: The broader fiscal consolidation path was adhered to, along with a continuation of the emphasis on the welfare construct and push to improve infrastructure, writes Radhika Rao, an economist at DBS Group Research after Finance Minister Nirmala Sitharaman tabled the union budget in the Parliament on Friday.
In a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed raising a part of the government's gross borrowings from abroad.
The gold industry on Friday unanimously slammed the steep hike in import duty of gold and precious metals from 10 per cent to 12.5 per cent, saying it will backfire and hit the Indian retail market.
In a bid to lower domestic interest rates, Finance Minister Nirmala Sitharaman has proposed to raise a part of the government's gross borrowings from overseas.
Blaming the Central government for "step-motherly" treatment towards Delhi, AAP Rajya Sabha MP N.D. Gupta expressed disappointment on behalf of the people of Delhi as Delhi's share in budget allocation remained unchanged.
The central govt employees were expecting an announcement regarding their long-pending demand of hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations in this budget. However, according to reports, there is no increase in the minimum wages of central govt employees in the Budget 2019.
Budget 2019-20 happened to be the first of the Modi 2.0 government. And as per the size of the National Democratic Alliance's (NDA) victory over its opponents, Sitharaman's maiden Budget speech was a giant-sized bag of chocolates -- a mix of all flavours (read: some might not be your favourite).
The government Friday increased revenue expectation from the telecom sector, which is reeling under financial stress, to Rs 50,519 crore in 2019-20. The Budget documents presented in Parliament on Friday showed provision of Rs 50,519.81 crore as non-tax revenue from the communication sector for 2019-20 which was kept at Rs 41,519 crore in the Interim Budget 2019-20 in February.
For every rupee in the government coffer, 68 paise will come from direct and indirect taxes while states' share of taxes and duties is the single-largest expense head accounting for 23 per cent of total spending, budget documents showed.
The BJP hailed the Union budget on Friday as one for a "new India" that laid the foundation for an inclusive and progressive nation, while the Congress panned it for its "maximum intent" and "minimum content". Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first term.
In a bid to promote cashless transactions, the government Friday said businesses with annual turnover of over Rs 50 crore can offer low-cost digital modes of payments and no charges or Merchant Discount Rate (MDR) will be imposed on them or their customers.
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