PTI government presents Rs 7,022 billion budget for 2019-20
News | June 11, 2019 23:51 ISTPTI government presents Rs 7,022 billion budget for 2019-20
PTI government presents Rs 7,022 billion budget for 2019-20
India Inc Tuesday made a case for reduction in corporate tax rate, abolition of minimum alternate tax, halving dividend distribution tax to 10 per cent and increase in outlay for infrastructure sector in the upcoming Budget with a view to arrest economic slowdown.
Withdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory.
"The merger of three companies namely National Insurance Co Ltd, United India Insurance Co Ltd. and Oriental Insurance Co Ltd is under process as several steps have been initiated and is expected to be completed by 2019-20", the interim budget had said in its "status of implementation".
The U.S. Government Accountability Office reported Thursday that NASA's major projects are more than 27 percent over baseline costs and the average launch delay is 13 months. That's the largest schedule delay since the GAO began assessing NASA's major projects 10 years ago.
The biggest Easter egg in Piyush Goyal’s populist kitty was for individual tax payers. Revising the income slab to give relief to over 3 crore tax payers, the Modi government today proposed a full tax rebate on annual income upto Rs 5 lakhs.
The Union Budget 2019 or a Vote on Account is being seen as the last-ditch attempt to woo voters ahead of the general elections by the Modi government.
The Indian Air Force is preparing to welcome the new generation ultra-modern Rafale fighter aircraft in its fleet to strengthen its strike capabilities, President Ram Nath Kovind on Thursday said.
Ahead of BJP-led NDA government presenting the final budget of its tenure, Fitch Ratings on Thursday warned of a second consecutive year of fiscal slippage in the event of Finance Minister Piyush Goyal resorting to populist spending to win over lost vote base.
Prime Minister Narendra Modi on Thursday urged all lawmakers to utilise Parliament's Budget Session for having constructive debates and said those who do not take interest in discussions in the House, resentment is generated against them in society.
President Ram Nath Kovind on Thursday listed a series of development works being carried out by the Modi government in sectors like tourism, transport and other infrastructure in the Northeast, which of late has been witnessing unrest over the Citizenship (Amendment) Bill.
BJP MP Virendra Singh Mast said the Modi government has taken historical steps to improve the condition of the farmers and in the coming days some decisions will be taken to economically strengthen them.
The decision on the date was taken during a meeting of the Cabinet Committee on Parliamentary Affair (CCPA).
It also approved a hike in the salary, allowances and perks of legislators and ministers, the sources said adding that the quantum of the increase would be tabled in the House first.
The assembly which was adjourned sine die after a two-day meeting on June 5 has been reconvened to meet on July 2, the release added.
The three BJP members were nominated by Kiran Bedi last year. The Madras High Court on March 22 upheld the appointment, declaring the nominations to be valid.
Several changes and budget proposals including the reintroduction of the tax on long-term capital gains exceeding Rs 1 lakh from the sale of shares have kicked in from today.
Sisodia said the purpose behind the Outcome Budget was to bring a high degree of accountability and transparency in public spending.
After Andhra Pradesh, Assam has become the second state to have an e-Budget, but unlike the other state, Assam Budget is available on the Google's Play Store, giving access to everyone, Sarma said.
The legislators will be able to access the tablets during discussions and cut motion on the Budget inside the House.
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