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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

FinMin to kick-start budgetary exercise from Oct 14

The pre-Budget/RE (Revised Estimate) meetings will begin on the October 14, 2019, according to a Budget Circular...

6 Oct 2019 12:34 PM IST

Defence minister Nirmala Sitharaman. (Photo: PTI)

Growth slow, but no recession yet, says Nirmala Sitharaman

BJP's Sudhanshu Trivedi said the fears expressed by the Opposition were driven more by anti-Modi sentiments than facts.

28 Nov 2019 2:13 AM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Government to sell stake in five top PSUs

The decision taken on Wednesday could be seen as a precursor to more such moves in future.

21 Nov 2019 1:32 AM IST

Finance minister Nirmala Sitharaman

Cabinet approves strategic sale of govt stake in BPCL, 4 others

The government currently holds 54.80 per cent in Concor.

21 Nov 2019 12:01 AM IST

State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years.

India's state-run banks report fraud of more than USD 13 bn in 6...

Bankers have blamed lax regulations and said some bank officials were working in league with fraudsters.

20 Nov 2019 9:20 AM IST

Finance minister Nirmala Sitharaman

Call to exempt banks from deposit cover

The claims settled so far since 1962 is only Rs 5,120 crore and that too for the co-operative banks added...

19 Nov 2019 3:48 AM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

India is still fastest-growing economy among G-20 nations: Nirmala...

She said the average growth rate was 7.5 per cent in 2014-19, which is the highest amongst G-20 countries.

18 Nov 2019 8:33 PM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Govt to sell Air India, BPCL by March 2020: Sitharaman

In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors.

18 Nov 2019 12:40 PM IST

Telecom infrastructure firm American Tower Corporation (ATC) today announced that it has completed mobile tower purchase deal worth Rs 3,800 crore with Vodafone India through its Indian arm.

Govt intends to address concerns of telecom sector, says Sitharaman

The SC last month ruled in favour of the govt and directed telecom companies to pay as much as Rs 1.42 lakh crore.

16 Nov 2019 10:48 AM IST

Finance Minister Nirmala Sitharaman

Govt mulls raising insurance cover on bank deposits to above Rs 1...

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit...

15 Nov 2019 7:19 PM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Budget 2020: FinMin seeks suggestions for rationalising income tax,...

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

13 Nov 2019 3:09 PM IST

Unperturbed by the distraction, Sitharaman delivered her full speech. (Photo: ANI)

FM Sitharaman takes crying kids in stride at official function

The incident happened at at the passing out parade of IRS officers on Friday where Sitharaman was the chief guest.

8 Nov 2019 6:29 PM IST