Individual taxpayers having taxable annual income up to Rs 5 lakhs will get a full tax rebate and therefore will not be required to pay any income tax
The scheme will benefit 12 crore farmer families and will cost the public exchequer Rs 75,000 crore
Higher Capex for Railways likely to benefit Titagarh Wagons, Texmaco, Timken India, SKF India, Titagarh Wagons Limited, Texmaco.
The commerce and industry ministry launched the GeM in August 2016 with the objective of creating an open and transparent procurement platform for government departments and agencies.
Here are the key highlights from Finance Minister Piyush Goyal's Interim Budget 2019-20
As part of the package, which includes an income support scheme, will transfer a sum of Rs 6,000 per year to farmers who own upto 2 hectares of land.
Most experts had estimated that the fiscal deficit target of 3.3 percent set for financial year 2018-19 will not be met
Deputy executive editor Gaurav Choudhury talks to author and journalist Rashid Kidwai to discuss these issues.
Take a look at the price of various food items under the Modi government.
Data shows that the Modi government has pushed for an increase in the use of mobile wallets, and an overall increase in digital transactions and communication.
Most experts said the likely increase in the fiscal deficit to some extent seems to have priced in by the market, but if it is a sharp increase then there could be a negative reaction
Focus on completion of infrastructure projects – be it roads, highways, smart cities, all of it shall overall benefit the industry.
The government could expand the lower taxes that it announced for small and medium enterprises in the last budget
The electoral compulsions mean that major economic reforms, such as tax cuts for bigger companies and plans to bring down the budget deficit, could be put on hold at least until after the election, the sources said.
UBI even in a diluted format can only see the light of the day if the government is ready to dump all its existing schemes
Gaurav Choudhury, Deputy Executive Editor at Moneycontrol, explains direct and indirect taxes.
The ministry will impose quarantine from December 3, which will bar the entry of media persons into the North Block, the seat of the country's Finance Ministry, till the date of presentation of the interim Budget by the finance minister in Parliament on February 1, 2019, it said.
The Budget for FY20 will be the last one presented by this government before the general elections in May and as per established practice, it must be a vote-on-account, not a full Budget
Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to discuss the challenges that could impede India's push towards further improving its standing as a country open to enterprise and commerce.
The regulator’s move to give a fillip to India’s nascent corporate bonds market, stems from a Budget proposal earlier this year. By operationalising the Budget announcement, the quantum of future borrowings by large corporates from the banking sector will gradually wean off.
The Boram prison used to receive $18,000 per month to feed its inmates. However, in April this year, the amount was reduced by more than half to a mere $7,000.
The parliamentary affairs ministry said that first phase of the session yielded a total of seven sittings of the Lok Sabha and eight sittings of the Rajya Sabha.
Effective 1 April 2018, long term capital gains arising from transfer of listed equity shares exceeding Rs. 1 lakh will be taxable at 10 percent
The Budget proposals for 2018-19 were presented in the House on January 11 wherein the finance minister proposed a 20 per cent step-up over the last year's budget size of Rs 79,472 crore.
The finance minister pointed out that opening up the economy has proven to be advantageous for India.