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Finance Minister Nirmala Sitharaman

Budget impact: Investor wealth down by Rs 5 lakh crore

In the two sessions of Friday and Monday, the BSE market capitalisation plummeted by Rs 5,61,772.64 crore.

9 July 2019 3:03 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

5 key changes in annual income tax assessment in Budget 2019

Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.

8 July 2019 8:32 PM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Expect quicker transmission of rate cut by banks: RBI Governor

During this year, RBI reduced the policy rate thrice with an aggregate reduction of 0.75 percentage point in repo rate.

8 July 2019 7:49 PM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Over 3.81 lakh new jobs created in central govt departments in last...

Over 53,000 new jobs were created in indirect tax departments and 29,935 in direct tax departments.

8 July 2019 2:53 PM IST

The Union Budget presented by the new Finance Minister Nirmala Sitharaman could not offer tea producers in India the cuppa that cheese. And thats not without reasons.

Tea industry neglected

Interestingly, Iran, under normal circumstances, buys 28-30 million kg of orthodox teas from India.

8 July 2019 2:31 AM IST

Onboard Housekeeping Services of the Central Railway.

Budget revealed govt's intention to 'aggressively' push privatisation:...

Railways will need Rs 50 lakh crore between 2018 to 2030 to complete the sanctioned projects, Sitharaman said.

7 July 2019 6:08 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

7 July 2019 6:00 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Budget's infra push to boost demand for steel: Industry

Announcement of streamlining multiple labour laws into 'four labour codes' is a progressive step, said TV Narendran.

7 July 2019 4:51 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Highest personal I-T rate in India still lower than in China, US,...

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39...

7 July 2019 4:00 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Markets to see Budget overhang this week; IIP, inflation data eyed:...

Analysts said that now that the much-awaited Budget is over, focus will shift to first quarter earnings starting...

7 July 2019 3:05 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Govt assessed smuggling dimension while raising import duty on gold:...

Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.

7 July 2019 1:45 PM IST

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

A Budget for the middle class!

The firmer political constituency the budget seems to address in no uncertain terms is the elastic middle class, and it...

7 July 2019 12:03 AM IST