Saturday, Dec 04, 2021 | Last Update : 12:56 AM IST

  Business   Economy  05 Jul 2019

Business, Economy, 05 Jul 2019

Budget 2019: Little done to address economic slowdown, says FICCI Karnataka

FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.

05 Jul 2019 8:01 PM

Forex reserves hit new high of USD 427.67 billion

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

05 Jul 2019 7:45 PM

Budget 2019: Tax deduction on home loan interest to boost housing demand: realtors

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

05 Jul 2019 7:17 PM

Budget 2019 stresses on massive infra investments to grow into USD 5 trillion economy

Infrastructure financing needs have been estimated at around Rs 20 lakh crore a year, said Nirmala Sitharaman.

05 Jul 2019 5:48 PM

Budget 2019: Govt hikes customs duty on stainless steel items, alloy steel

The current customs duty on stainless steel products is 5 per cent.

05 Jul 2019 5:32 PM

ADVERTISEMENT

Budget 2019: Petrol price to rise by Rs 2.5, diesel by Rs 2.3 after FM raises tax

A litre of petrol costs Rs 70.51 in Delhi and Rs 76.15 in Mumbai.

05 Jul 2019 5:08 PM

Budget 2019: Govt raises budget allocation to agri ministry by 78 pc in FY'20

PM-KISAN aims to give Rs 6,000 annually in three equal installments to 12.6 crore small and marginal farmers.

05 Jul 2019 4:58 PM

Budget 2019: Govt proposes to separate NPS Trust from PFRDA

The proposal to separate the two job roles was under consideration for last few years.

05 Jul 2019 4:49 PM

Budget 2019: Coal Ministry sees 48 pc jump in allocation to Rs 1,160 cr for 2019-20

The bulk of increase in the Budget allocation for 2019-20 is towards central sector schemes.

05 Jul 2019 4:46 PM

Govt to start raising part of its gross borrowings from external markets: FM

The government would start raising a part of its gross borrowing programme in external markets, said Nirmala Sitharaman.

05 Jul 2019 3:49 PM

ADVERTISEMENT

Budget 2019: Govt enhances revenue collection from telecom sector to Rs 50,519 cr

Receipts from the telecom sector mainly relate to the licence fees from operators and spectrum usage charges.

05 Jul 2019 3:43 PM

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs 3.75 lakh crore

The relief proposed under scheme varies from 40 pc to 70 pc of the tax dues for cases other than voluntary disclosure cases.

05 Jul 2019 3:26 PM

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC assets

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

05 Jul 2019 3:06 PM

Budget 2019: High-end income group people need to pay 3 pc to 7 pc more annually

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current account in a year.

05 Jul 2019 2:57 PM

Budget 2019: For every rupee in govt kitty, 68 paise come from taxes

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

05 Jul 2019 2:57 PM

ADVERTISEMENT

Budget 2019: Cess on petrol, diesel hiked by Re 1 per litre

Finance minister also announced TDS of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.

05 Jul 2019 2:26 PM

Budget 2019: Govt to soon put in circulation new series coins of up to Rs 20

These new coins will be made available for public use shortly, said Finance Minister Nirmala Sitharaman.

05 Jul 2019 2:20 PM

Budget 2019: Govt lower fiscal deficit target to 3.3 per cent for FY20

The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

05 Jul 2019 2:12 PM

Budget 2019-20: Those without PAN can now file returns using Aadhaar

On Thursday, the Lok Sabha passed by voice vote the Aadhaar and Other Laws (Amendment) Bill, 2019.

05 Jul 2019 2:02 PM

Additional tax deduction of Rs 1.50 lakh on interest on home loans proposed

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.

05 Jul 2019 1:38 PM

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT