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  Union Budget 2020: FM proposes scheme to bring down litigation in direct taxation scheme

  Business | February 01, 2020 19:23 IST

  Finance Minister Nirmala Sitharaman on Saturday said that litigation in direct taxation scheme will be reduced. There are 4.83 lakh direct cases pending in various appellate forums.

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  Budget 2020: BIG announcement! Govt to sell part holding in LIC through IPO

  Business | February 01, 2020 14:05 IST

  Budget 2020: Making a big announcement in her Budget speech, Finance Minister Nirmala Sitharaman said the government will sell a part of its stake in Life Insurance Corporation (LIC) through an Initial Public Offering (IPO). At present, the government owns the entire 100 per cent stake in Life Insurance Corporation of India (LIC).

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  Union Budget 2020: Tax payment by employees will be deferred on ESOPs from startups

  Business | February 01, 2020 14:30 IST

  Finance Minister Nirmala Sitharaman on Saturday said that tax payment by employees will be deferred on ESOPs from startups by five years.

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  Budget 2020: Plan to hike FPI limit in corporate bonds to 15% from 9%, says Nirmala Sitharaman

  Business | February 01, 2020 13:35 IST

  The government plans to increase investment limit of foreign portfolio investors (FPI) in corporate bonds from 9 per cent to 15 per cent, Finance Minister Nirmala Sitharaman said on Saturday.

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  PMC Effect: Deposit insurance raised to Rs 5 lakh

  Business | February 01, 2020 13:31 IST

  In a major relief to the common man, the Finance Minister on Saturday announced to raise the insurance cover on bank deposits to Rs 5 lakh from the current Rs 1 lakh.

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  Union Budget 2020: Concessional withholding rate on interest payment extended up to June 30

  Business | February 01, 2020 13:29 IST

  Finance Minister Nirmala Sitharaman on Saturday said that concessional withholding rate of 5 percent on interest payment to non-residents extended up to June 30, 2022. 

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  Personal Income Tax Slab revised. But wait, there's a twist

  Business | February 01, 2020 16:51 IST

  Income tax slab revised Latest News: Ushering in a new income tax regime, Union Finance Minister Nirmala Sitharaman announced cuts on Saturday as she presented Union Budget 2020. But there's a catch. Under the new proposed regime, which is optional, you will not be able to avail any deductions or exemptions that earlier allowed you to lower the amount of your salary that was taxed.

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  Bullet train project to be actively pursued: FM Sitharaman

  Business | February 01, 2020 13:23 IST

  Union Finance Minister Nirmala Sitharaman on Saturday said that the work on Prime Minister Narendra Modi's ambitious 508-km Ahmedabad-Mumbai High Speed train project will be actively pursued and also said that it will set up 'Kisan Rail' through public private partnership (PPP) for transportation of perishable goods.

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  Budget proposal on climate change: Power plants with emissions above prescribed limits to be closed

  Business | February 01, 2020 13:17 IST

  Power plants with emissions above prescribed limits will be asked to close down, Finance Minister Nirmala Sitharaman said on Saturday. Presenting the Budget for 2020-21, she said India's commitment towards tackling climate change made at Paris conference kick starts from January 1, 2021.

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  Fiscal deficit pegged at 3.8% in current fiscal, 3.5% in next: Sitharaman

  Business | February 01, 2020 13:14 IST

  Fiscal deficit is pegged at 3.8 percent in current fiscal and 3.5 percent in the next, Union Finance Minister Nirmala Sitharaman said as she presented Budget 2020 in Parliament. 

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  Budget 2020 announcement: Nominal GDP growth for 2020-21 estimated at 10%

  Business | February 01, 2020 14:32 IST

  Budget 2020 announcement: The nominal GDP growth for the year 2020-21 is estimated at 10 percent, Union Finance Minister Nirmala Sitharaman announced on Saturday as she presented Budget 2020.

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  Budget 2020: BIG relief for bank depositors! Insurance cover hiked from ₹ 1 lakh to ₹ 5 lakh

  Business | February 01, 2020 13:14 IST

  Bank deposit insurance cover hiked: Finance Minister Nirmala Sitharaman on February 1, 2020, announced a hike in insurance cover for bank depositors and said depositors' money is absolutely safe. Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh.

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  Task force to be set up for recommending marriageable age for women: Nirmala Sitharaman

  Business | February 01, 2020 13:08 IST

  Presenting the Budget for 2020-21, Sitharaman said Rs 9,500 crore has been provided for senior citizens and Divyangs, while Rs 35,600 crore has been allocated for nutrition related programme in FY21.

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  Budget 2020 announcement: Increasing investment limit of FPIs in corporate bonds from 9% to 15%

  Business | February 01, 2020 14:31 IST

  ​Budget 2020 announcement: Finance Minister Nirmala Sitharaman on Saturday proposed to increase the investment limit of FPIs in corporate bonds from 9 per cent to 15 per cent.

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  Budget 2020: FM introduces campaign against tuberculosis, announces Rs. 69,000 for Health sector

  Business | February 01, 2020 13:02 IST

  Health Budget 2020: Finanace Minister Nirmala Sitharaman said that the government has allocated Rs. 69,000 crore to give a boost to the Health sector. Presenting the Budget in the Lok sabha, Sitharaman proposed to expand Jan Aushadhi Kendras in all districts of the country to provide medicines at affordable rates.

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  100 more airports to come up in India by 2025, Sitharaman announces

  Business | February 01, 2020 12:53 IST

  Presenting Budget 2020, Union Finance Minister Nirmala Sitharaman on Saturday announced that 100 more airports will be developed in India by 2025 to support the UDAN scheme. She said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21.   

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  Rs 22,000 cr outlay for power, renewable energy sector in FY21: Nirmala Sitharaman

  Business | February 01, 2020 12:41 IST

  In her second Budget presentation, the finance minister said the Centre has proposed that discoms should replace conventional meters with smart pre-paid meters and give option to consumers to choose electricity suppliers.

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  Budget 2020: Nirmala Sitharaman announces more Tejas-like trains

  Business | February 01, 2020 12:40 IST

  Finance Minister Nirmala Sitharaman on Saturday announced that more Tejas Express-style trains will be put into service by Indian Railways on key tourism routes. Tejas Express is a more premium version of the Shatabdi-style AC Chair Car trains.

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  Delhi-Mumbai Expressway to be completed by 2023, Sitharaman promises in Budget 2020

  Business | February 01, 2020 12:38 IST

  ​The Delhi-Mumbai Expressway will be completed by 2023, Union Finance Minister Nirmala Sitharaman announced as she presented Budget 2020 in Parliament on Saturday. Sitharaman said accelerated development of highways will also be undertaken.

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  'Like lotus in Dal Lake': Sitharaman recites Kashmiri poem to make a point in Budget 2020 speech

  India | February 01, 2020 12:19 IST

  Presenting the Budget 2020 in the Lok Sabha today, Finance Minister Nirmala Sitharaman dropped lines from a Kashmiri poem. The verse, which talked about the nation "blooming like a lotus in Dal lake", was meant to convey that everything in the budget is for this "pyara watan (beloved nation)".