More Budget News

  • Rajdhani, Shatabdi  Express to be replaced by world class

    Rajdhani, Shatabdi Express to be replaced with world class modern trains by 2020

    India TV News Desk | July 06, 2019 10:03 IST

    To improve the quality of train travel and services, the Modi government will build world-class modern train sets, including more 'Train 18s' and 'Train 20'. The trains will replace Rajdhani and Shatabdi Express by 2020. Finance Minister Nirmala Sitharaman today allocated more than Rs 3,000 crore for rail passenger amenities in the 2019-2020 Budget, an around 200 per cent rise from the last fiscal.

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    People had expectations from Budget 2019, but they are unhappy: Siddaramaiah

    India TV News Desk | July 05, 2019 18:27 IST

    Commenting on the Budget 2019, Congress leader Siddaramaiah on Friday said, people are unhappy. “People had expectations from Budget 2019, but they're unhappy. It's against development. They promised growth in the farming sector, which remained false. Farmers are not getting MSP, they are in drastic condition. There is no pro-farmers thing in budget,” said the 22nd chief minister of Karnataka.

  • Nirmala Sitharaman was, on May 31, allocated the Ministry

    Of some poetry, more economics and no traditions: Debutante Nirmala Sitharaman is not for turning

    Sonal Gera | July 05, 2019 18:23 IST

    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).

  • Budget 2019: Bad news for middle class as gold gets

    Budget 2019: Bad news for middle class as gold gets costlier; details here

    India TV Business Desk | July 05, 2019 20:53 IST

    Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.

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    Budget 2019 is 'futuristic', provides roadmap for growth: Amit Shah

    IANS | July 05, 2019 17:43 IST

    The Union Home Minister Amit Shah further said that the Budget for "new India" has set the stage for fulfilling collective dreams of water for every citizen, ensuring electricity connectivity across India and boosting manufacturing especially in sunrise sectors. "The Budget will enable India to become a more vibrant start-up hub."

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    Bihar CM Nitish Kumar hails Union Budget, calls it 'good for farmers'

    IANS | July 05, 2019 17:35 IST

    Nitish Kumar also praised Sitharaman's target to take India's economy to $5 trillion. "This budget is good for the people, particularly the poor and farmers," he said.  

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    Govt increases cess; petrol, diesel prices to rise by more than Rs 2

    PTI | July 05, 2019 17:25 IST

    Post considering local sales tax or value-added tax (VAT), which is charged after adding central excise duty on base price, the increase in petrol price would be over Rs 2.5 per litre and that on diesel would be Rs 2.3.

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    NRI businessmen in Gulf welcome India's budget, urge job creation

    PTI | July 05, 2019 16:50 IST

    Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied an additional surcharge on super rich and brought a tax on high-value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.  

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    Budget 2019-20: National Sports Education Board to be set up under Khelo India

    IANS | July 05, 2019 16:37 IST

    Sitharaman made the announcement while presenting the Union Budget 2019-20 in the Parliament. "To popularise sports at all levels, a National Sports Education Board for development of sportspersons will be set up under Khelo India," the Finance Minister said.   

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    Cess on diesel will cripple transport sector: Trucker's body

    PTI | July 05, 2019 16:22 IST

    The All-India Motor Transport Congress also alleged that there is a move to make way for foreign players into the industry through such moves.

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    Budget proposes simple KYC norms for FPIs, higher public holding limit

    PTI | July 05, 2019 16:09 IST

    The finance minister further proposed to "initiate steps towards creating an electronic fundraising platform – a social stock exchange - under the regulatory ambit of SEBI for listing social enterprises and voluntary organisations working for the realisation of a social welfare objective so that they can raise capital as equity, debt or as units like a mutual fund".  

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    Budget 2019-20: Govt to invest widely in agriculture infrastructure, support private entrepreneurship

    India TV Business Desk | July 05, 2019 14:48 IST

    The farming sector looked upto the Bharatiya Janata Party for its promise of allocating Rs 10,000 crore for providing infrastructure like storage and marketing for small fishermen. Presenting the Union Budget for 2019-20, Sitharaman said the government proposes Pradhan Mantri Matsya Sampada Yojana to address the critical infrastructure gap in the fisheries sector.

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    1,174 listed companies need to off-load promoter stake to meet budget proposal norm

    PTI | July 05, 2019 15:01 IST

    Presenting her maiden budget, Finance Minister Nirmala Sitharaman on Friday said steps need to be taken to bring capital markets closer to the people and proposed raising the threshold for minimum public shareholding from 25 per cent to 35 per cent.

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    Top 10 announcements from Nirmala Sitharaman's Budget speech

    India TV Business Desk | July 05, 2019 14:39 IST

    Presenting her maiden budget at the Lok Sabha, Finance Minister Nirmala Sitharaman on Friday announced a slew of steps to boost India's infrastructure including a budget allocation for 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana. Read on to know the top 10 announcements from Budget 2019-20.

  • Union Home minister Amit Shah

    Budget futuristic, ignites spirit of hope for India to be USD 5 trillion economy: Shah

    PTI | July 05, 2019 15:02 IST

    It also sets the stage for fulfilling our collective dreams of water for every citizen, ensuring electricity connectivity across India and boosting manufacturing especially in sunrise sectors, Shah said, adding that the budget will enable India to become a more vibrant start-up hub.

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    Budget 2019-20: Customs duty on auto parts, camera hiked, some electric vehicle parts exempted

    PTI | July 05, 2019 15:04 IST

    Presenting the first Budget of the Modi government in its second term, Sitharaman also announced customs duty exemption on components of specified electronic goods.

  • Government announces more incentives for businesses

    Government announces more incentives for businesses embracing digital payments

    PTI | July 05, 2019 15:03 IST

    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.

  • Prime Minister Narendra Modi hails Union Budget 2019

    Citizen and development friendly, future oriented budget: PM Modi

    PTI | July 05, 2019 15:03 IST

    He said the Budget underlines structural reforms in the agricultural sector and has a roadmap to transform the farm sector and doubling farmers' income.

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    Budget hikes divestment target to Rs 1.05 lakh crore

    IANS | July 05, 2019 15:04 IST

    The hike in the sell-off target comes amid the slow growth in tax proceeds, forcing the government to raise revenue from non-tax revenue sources.

  • Sitharaman highlights infrastructure projects bridging

    Sitharaman highlights infrastructure projects bridging rural urban divide in Budget 2019-20

    PTI | July 05, 2019 14:03 IST

    Finance Minister Nirmala Sitharaman on Friday announced a slew of steps to scale up India's infrastructure including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250 crore and and creating a national highways grid.

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