First GST council meet on June 21 after Modi 2.0 takes charge, to decide on crucial matters of taxation
Among several discussions that is going to be on the GST Council agenda, discussion on proposal to levy 18 percent GST on extra-neutral alcohol (ENA), used for manufacturing alcoholic liquor for human consumption, will be an important one.
Jun 18, 2019, 12:39 PM IST
Parliament convenes for the first time after Lok Sabha election, Budget to be tabled on July 5
Ahead of the Budget session, BJP MP Virendra Kumar on Monday oath as the Protem Speaker of the 17th Lok Sabha at Rashtrapati Bhawan.
Jun 17, 2019, 10:37 AM IST
Budget 2019: Spend more on education, hygiene, woman safety, say social sector experts
Sitharaman, in her opening remarks, said that the present government is committed to improve the educational standards, skilling the youth, enhancing job opportunities, reducing disease burden, empowering women and improving human development in order to have an inclusive development.
Jun 14, 2019, 16:49 PM IST
Budget 2019: Realty sector wants industry status, more bank funds, ITC benefit in GST
From April this year, the government has withdrawn the ITC benefits, but reduced GST rate to 1 per cent from 8 per cent for affordable housing.
Jun 14, 2019, 11:49 AM IST
FM holds pre- Budget consultation representatives of Infra sector
The main areas of discussion during the meeting included issues relating to bringing in more capital to the infrastructure sector such as highways, railways, telecom and automobiles, including incentives for electric vehicles as well as for the renewable energy sector, a finance ministry statement said.
Jun 14, 2019, 10:10 AM IST
Ficci for increasing FDI cap in insurance to 74%
The body also said that there is a need to improve investor confidence about the surrounding ecosystem in the country to attract more FDI inflows.
Jun 13, 2019, 17:29 PM IST
CAIT for lowering GST rates on auto parts, aluminium utensils
Confederation of All India Traders (CAIT) also suggested reviewing items placed under different tax slabs under GST as many of the products are overlapping.
Jun 13, 2019, 17:23 PM IST
Union Budget 2019: FM may announce big tax relief on home insurance
Sources further said that relief may be given in income tax to home buyers who take housing insurance. Such rebate or concession may be given to those in the affordable housing sector.
Jun 13, 2019, 16:29 PM IST
FM Sitharaman holds pre-Budget consultations with financial, capital market sector
Nirmala Sitharaman will present the first Budget of the Modi 2.0 government on July 5.
Jun 13, 2019, 13:32 PM IST
Bring down corporate tax, simplify taxation, revive infra investment: Industry to FM
In the meeting, CII President Vikram Kirloskar suggested bringing down the dividend distribution tax to 10 per cent from the present 20 per cent, saying it should also be not taxed at the hands of the investor.
Jun 12, 2019, 10:42 AM IST
Increase investment in farm sector, enhance mkt access: Agri experts to FM
Sitharaman, who will be presenting the 2019-20 Budget on July 5, assured them that farm sector issues, employment generation, and poverty alleviation are high on the agenda of the government.
Jun 11, 2019, 18:03 PM IST
First GST council meet on June 20 after Modi 2.0 takes charge, may reduce items under 28% slab
Finance Minister Nirmala Sitharaman will chair the meeting of the GST Council on June 20 which among other things will consider reducing number of items under 28 percent tax slab, which is the highest in the GST tax bracket.
Jun 11, 2019, 11:18 AM IST
Road Transport Ministry seeks Rs 1.20 lakh crore from Budget: Sources
The demand of Rs 1.20 lakh crore is Rs 37,000 crore more than the amount sanctioned in the Budget presented by the then interim finance minister Piyush Goyal on February 1, 2019.
Jun 10, 2019, 13:38 PM IST
Sitharaman appreciates suggestions on budget, says officials will collate them
Sitharaman, who is the first full-time woman finance minister, will be presenting the budget for 2019-20 on July 5.
Jun 07, 2019, 11:04 AM IST
Nirmala Sitharaman expresses gratitude on ideas shared on Union Budget 2019
The finance minister said that she is grateful for every thought/idea that is being shared by scholars, economists and enthusiasts through various platforms.
Jun 06, 2019, 09:08 AM IST
Govt may announce infusion of Rs 4,000 cr in PSU non-life firms in Budget
The capital infusion will help them improve their financial health to an extent that the proposed merger of the general insurance firms could take place, sources said.
Jun 05, 2019, 18:03 PM IST
Union Budget 2019 likely to be presented in 1st week of July; prime focus on agri sector
The key focus during this Budget will also be to set the tone of the economy and work towards sectors like real-estate, infra, and construction sector which can speed up employement generation.
May 30, 2019, 16:04 PM IST
Rajya Sabha passes Interim Budget 2019-20, Finance Bill without debate; adjourns sine die
Rajya Sabha passed the Motion of Thanks on the President's Address and the Appropriation Bill without debate.
Feb 13, 2019, 13:00 PM IST
Rs 93,847.64 crore allocated for Education sector in Interim Budget 2019
Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.
Feb 04, 2019, 11:21 AM IST
Rs 6,000 support for farmers announced in Budget 'insulting and humiliating': Shatrughan
In a series of tweets, the actor-turned-politician said that he was in agreement with former finance minister and senior Congress leader P Chidambaram's view that it was an "account for votes and not a vote on account".
Feb 04, 2019, 07:18 AM IST
