The government will focus on imparting new-age skills in areas like artificial intelligence, Internet of Things, big data, 3-D printing, virtual reality and robotics to equip youth to take up high-paying jobs, Finance Minister Sitharaman said.
Shares of public sector banks gained up to 5 per cent Friday after Finance Minister Nirmala Sitharaman announced fund infusion of Rs 70,000 crore into PSBs to strengthen them and enhance lending capacity.
Finance Minister Nirmala Sitharaman Friday said the government will build 1.95 crore houses under the Pradhan Mantari Awas Yojna (PMAY) - Gramin over the next two years.
Finance Minister Nirmala Sitharaman Friday said the government will invest widely in agriculture infrastructure and support private entrepreneurship for value addition in farm sector.
Finance Minister Nirmala Sitharaman Friday said making available safe drinking water to every citizen is a priority for the government which is working towards 'Har Ghar Jal' by 2024.
Budget 2019-20: Finance Minister Nirmala Sitharaman presented Union Budget 2019 on Friday (July 5). She announced a slew of reforms for Micro, Small Medium Enterprises (MSME).
Budget 2019-20: India's defence forces are in dire need of modernisation. Indian Army needs new assault rifles, bulletproof jackets. Indian Navy needs modern submarines and helicopters. Indian Air Force needs new fighter jets. Read on to what is expected from Finance Minister Nirmala Sitharaman as she presents her first Union Budget as India's first full-time woman finance minister.
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.
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.
Guided by the dictum of "blue sky thinking", the Economic Survey 2018-19 on Thursday laid out the ambitious agenda of applying principles of behavioural economics to achieve 8 per cent of sustained GDP growth to make India a USD 5-trillion economy by 2024-25.
Ahead of Modi government's maiden Budget in the second term, the economic survey projected the state of health of the country's economy and outlined the challenges.
PTI caught up with scientists on the sidelines of the 69th Lindau Nobel Laureates meet to discuss their expectations from the budget and their views on the current situation of scientific research in the country. While most of them said that they expected increased funding for research, many also expressed their grouse with recent "scientific claims" by the government that has "no basis in science".
Presenting his seventh budget, Patel called it a "historical moment as the first time since the formation of the state, a budget size of over Rs two lakh crore is being presented in this house".
Around 53 percent of the taxpayers interviewed in the KPMG's pre-budget survey felt that there will not be any major announcement on direct taxes. Around 27 percent said that there will be major changes, while 20 percent were not sure of any eventuality, the report showed.
The Gujarat government has increased Dearness Allowance (DA) by 3 per cent to 12 per cent from the existing nine per cent or over 9 lakh govt employees and pensioners under 7th Pay Commission recommendations.
Finance Minister Nirmala Sitharaman will unveil the full budget 2019-20 on July 5.
The Union Budget 2019-20, to be presented later this week, will be the decisive factor for equity markets going ahead and investors are likely to be in a 'wait and watch' mode ahead of the mega event, analysts said.
Finance Minister Nirmala Sitharaman faces an uphill task. She has to rescue Asia's third-largest economy from the brink of a major slowdown. In May, India lost its spot as the fastest-growing major economy in the world though government said it still
The outlay of the state budget, tabled by Finance Minister Niranjan Pujari in the assembly, is about 15.8 per cent more than that of 2018-19.
The fiscal deficit or gap between expenditure and revenue, was Rs 3,66,157 crore, as per data released by the Controller General of Accounts (CGA).
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