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.
Former Prime Minister Indira Gandhi was the first and only women till now to have presented the Union Budget. In 1970, she presented the Union Budget of India for 1970-71, after she took over the finance portfolio following the resignation of Morarji Desai as finance minister.
Budget 2019: When and where to watch Union Budget 2019 India: Finance Minister Nirmala Sitharaman will present her maiden Union Budget 2019 speech in the Parliament on Friday at around 11 am. Nirmala Sitharaman will be the first woman full-time Finance Minister to present Union Budget in the Parliament.
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
Replying to a question, the finance mnister said RBI was closely monitoring the liquidity position of NBFCs and will continue to monitor the activity and performance of the sector with a focus on major entities and their interlinkages with other sectors.
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.
Top 10 points about 7th pay commission: The Seventh Pay Commission is an administrative system that is set up by the Government of India to determine the salaries of government employees. Every Pay Commission does its research and then produces its recommendations to the Government of India on the same.
The Government will organise an event on July 1, to celebrate the second anniversary of Goods and Services Tax (GST) roll out, which will be addressed by Finance Minister Nirmala Sitharaman and her deputy Anurag Thakur.
An 'indefinite road blockade' by residents in Bihar's Jogbani has brought trade between India and Nepal to a halt on the Jogbani Land Customs Station for the past 48 hours. Over 2,000 trucks, including oil and gas tankers, are stranded on either side of the Indo-Nepal border.
In a written reply to a question in the Lok Sabha, Nirmala Sitharaman said prosecution has been launched in 68 cases.
The ministry cautioned the general public not to circulate the order since it is confidential in nature and may attract punitive actions under applicable legal provisions.
Market liquidity conditions, on an average basis, were mostly in a deficit mode during January-March 2019. The net average liquidity injection by the Reserve Bank under Liquidity Adjustment Facility (LAF) including MSF was Rs 52,364 crore during Q4 FY 19 (Rs 80,077.24 crore during Q3 FY 19).
The government is considering to increase the personal income tax threshold in Budget 2019-20, according to a Bloomberg report. Budget 2019-20 is set to be presented by Finance Minister Nirmala Sitharaman on July 5.
In order to generate public interest in the Budget, the Finance Ministry has started a quiz series on twitter.
Uttarakhand Finance Minister Prakash Pant passed away in the US during the early hours of Tuesday.
As the election results paved the way for the formation of a new government under Prime Minister Narendra Modi, several names have started doing the rounds for getting plum Cabinet portfolios.
"Income Tax Exemption for Gratuity under Section 10(10)(iii) of the Income Tax Act has been enhanced to Rs 20 lakh. Would benefit all PSU employees and other employees not covered by Payment of Gratuity Act," Finance Minister Arun Jaitley said in a tweet.
In a swipe at the Congress, the Minister said that unlike the previous UPA dispensation, the present Modi government in the interim budget did not reduce levies of SUVs which are used by rich persons.
The finance minister presents a comprehensive statement of government's finances including spending, revenues, deficit and debt etc. on the budget day.
Finance Minister Arun Jailtey on Thursday maintained in the Rajya Sabha that mistakes made by the Congress had led to alienation among people in Kashmir.
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