In just 6 sessions since the Union Budget was proposed, FIIs offloaded Rs 2,937.53 crore worth of shares. Institutional investors play a dominant role in day-to-day market movement in India.
The key changes in Budget's taxation-related measures affecting the deal market include the extension of buy-back tax-related provision to listed entities.
Odisha has received its highest ever allocation of Rs 5,993 crore in the railway sector in the Union Budget for 2019-20, an official said on Wednesday.
The voting on the Finance Bill is also expected to be taken up on Wednesday afternoon and the ruling BJP issued a whip to its members to be present in the House.
If you MasterCard or Visa card users then your problems are going to increase in coming days. The government has exempted bank charges on E-payments for the business with an annual turnover of Rs 50 crore. Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech on July 5 made this announcement in Parliament.
All eyes were on Nirmala Sitharaman as she had a massive job at hand. She had to fill in the shoes of former Finance Minister Arun Jaitley as well as lay foundation that would help India achieve its goal of becoming a $ 5 trillion economy. Presenting Modi 2.0 government's first budget, Sitharaman laid huge emphasis on investment and consumption to realise the dream of 'New India'. Here is sector wise analysis of who got what in Modi Sarkar 2.0's first union budget.
"Strategic disinvestment of select CPSEs will continue to be a priority. Such disinvestment of Air India will be re-initiated. The disinvestment target for 2019-20 is Rs 1.05 lakh crore," said Finance Minister Nirmala Sitharaman, while presenting the Budget in the Lok Sabha on Friday.
The Union Budget 2019 was carried by the Finance Minister Nirmala Sitharaman enclosed in a 'bahi khata' which happens to be a red cloth folder that had the national emblem emblazoned on it in gold.
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.
He said the Budget underlines structural reforms in the agricultural sector and has a roadmap to transform the farm sector and doubling farmers' income.
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.
Presenting the first Budget of the Modi government in its second term, Sitharaman said surcharges on individuals having taxable income of Rs 2 crore to Rs 5 crore; and Rs 5 crore and more have been raised.
Presenting the first Budget of the Modi government in its second term, Sitharaman proposed to expand self help groups (SHG) to all districts and said one woman in every SHG will get loan of up to Rs 1 lakh under Mudra Yojana.
Prime Minister Narendra Modi on March 7 had unveiled new series of coins of one rupee, two rupees, five rupees, ten rupees and twenty rupees, easily identifiable to the visually impaired.
The scheme was launched in 2015 and has faced criticism from several counters over rising debt and overdues of power discoms.
The key Indian equity indices opened on a positive note before the presentation of the Union Budget by Finance Minister Nirmala Sitharaman with the Sensex trading over 100 points higher.
Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for social causes to raise capital as equity, debt or a unit of mutual fund.
Former Prime Minister Indira Gandhi was the first and only women till now to have presented the Union Budget. In 1970, she presented the Union Budget of India for 1970-71, after she took over the finance portfolio following the resignation of Morarji Desai as finance minister.
It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust and aspiration, we in just 5 years, added $1 trillion, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2019 in the Parliament.
Union Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2019 before Parliament. Here we give you a quick look at the points on what the first full-time female finance minister will present for the country.
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