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Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Non-taxpaying NRIs will be taxed as Indian residents

The Budget also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be...

2 Feb 2020 5:43 AM IST

Congress leader Rahul Gandhi

Budget fails to address creation of jobs: Opposition

The ruling BJP though hailed it as visionary and futuristic, growth-oriented and all-inclusive .

2 Feb 2020 4:31 AM IST

Finance minister Nirmala Sitharaman

Archaeological sites to be developed into iconic sites

In this context, the Budget proposed to develop five archaeological sites as iconic sites with onsite museums.

2 Feb 2020 4:26 AM IST

It has mooted data centre parks throughout the country and outlaid 8,000 crore over a period five years for the National Mission on Quantum Technologies and Applications.

Data Centre Parks to come up across country

In this regard, she proposed to bring out soon a policy to enable private sector to build Data Centre parks throughout...

2 Feb 2020 4:23 AM IST

But divestment department is confident with strategic sales of BPCL, Concor, Shipping Corporation of India, Air India, IDBI and LIC IPO coming.

Stiff divestment target of Rs 2.10 lakh crore to finance govt

The government has not been able to achieve the target this year so far with just Rs 18,095 crore collected so far and...

2 Feb 2020 3:29 AM IST

Experts said that while higher insurance cover on bank deposits should support the deposit accretion of banks, it would increase the premia cost for banks.

Budget 2020: Bank deposits insured till Rs 5 lakh

All deposits of a depositor maintained across all branches of the failed bank are insured upto Rs 1 lakh only on the...

2 Feb 2020 3:01 AM IST

The tea industry is lobbying for solar power scheme for farmers.

I'll have what he's having: Tea lobby wants sops FM gave to farmers

Industry lobby says tea cultivation is eminently an agricultural activity

1 Feb 2020 9:33 PM IST

Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up.

Personal income tax reduction tops budget wish list

Any disappointment on market expectations is likely to trigger profit taking in the equity market, which has been...

31 Jan 2020 1:40 AM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.

Gold demand falls below 700t, recycling rises 37 per cent last year

In 2019, the gold demand stood at 690.4 tonnes compared to 760.4 tonnes in 2018- a drop of 9 per cent, as per the World...

31 Jan 2020 1:37 AM IST

Onion crop has been grown in 12.93 lakh hectares in the 2019-20 crop year (July-June), higher than 12.20 lakh in the previous year.

Centre may offer imported onion at Rs 20/ kg to states

The prices of these onions will also be fixed depending upon the demand and consumption at various states.

31 Jan 2020 1:35 AM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak Bank and RBI smoke peace pipe

As on date, the shareholding of promoter Uday Kotak, who is also the MD & CEO of Kotak Bank, and the promoter group,...

31 Jan 2020 1:34 AM IST

The textile sector wants the Union budget to provide adequate provisioning for export incentive schemes and set mechanism for timely disbursal. This will improve the liquidity in the sector and push exports.

Textile sector seeks adequate budget funds for export schemes,...

The last budget had considerably reduced the allocation for the textile sector.

30 Jan 2020 1:39 AM IST