Business, Economy, 2nd Feb 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 02:58 AM IST

Business Economy 02 Feb 2019

Business, Economy, 02 Feb 2019

The government has increased the funds for the tourism ministry to Rs 2,189.22 crore for 2019-20. (Photo: File)

Tax rebates for middle class to benefit travel, tourism sector: Industry

The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend more on vacations.

02 Feb 2019 6:38 PM

As per the interim Budget tabled in Parliament on Friday, the government has projected a fiscal deficit target of 3.4 for the next financial year 2019-20. (Photo: File)

Fiscal deficit to be 3.3 percent for FY 2018-19: DEA Secretary

Economic Affairs Secretary Subhash Chandra Garg stated that FY2018-19 will end with a fiscal deficit of 3.3 per cent of GDP.

02 Feb 2019 6:03 PM

New national sample survey on employment would be conducted by the government. (Phtoto: File)

Govt to held new survey to show enough job creation: Bibek Oberoy

Unemployment rate in India stood at 6.1 per cent in the period of 2017-18.

02 Feb 2019 4:37 PM

Under 'Pradhan Mantri Kisan Samman Nidhi' Rs 6,000 per year would be provided to farmers holding cultivable land of up to 2 hectares.

States asked to quickly identify small farmers for income support scheme: Niti Aayog

Govt has already earmarked Rs 20,000 cr for disbursement in the current fiscal to an estimated 12 cr farmers.

02 Feb 2019 3:06 PM

Third time in current fiscal that revenues from Goods and Services Tax (GST) have crossed Rs 1 lakh crore.

GST mop-up rises to Rs 1.02 lakh cr in January

The total number of sales return or GSTR-3B filed for the month of December up to January 31, 2019 is 73.3 lakh.

02 Feb 2019 2:55 PM

Inspite of the GST revenue shortfall, the Interim Budget has estimated an 18.2 per cent growth in GST at Rs 7.64 lakh crore for the next fiscal. (Photo: File)

NDA bets big on tax revision despite Rs 1 lakh crore shortfall in mop-up

During the interim budget, the gross tax revenue after the budget estimation stood still at Rs 25.5 lakh crore.

02 Feb 2019 1:34 PM

For the next fiscal, fiscal deficit has been pegged at 3.4 pc of GDP, up from 3.1 pc as per the fiscal consolidation roadmap outlined earlier.

India's sovereign rating profile to be evaluated based on post-election Budget: Fitch

The government's projections suggest a stabilisation of the central government deficit at 3.4 per cent of GDP next year.

02 Feb 2019 1:29 PM

Finance Minister Piyush Goyal on Friday proposed an array of incentives for both middle-class and farmers. (Representational Image)

Interim Budget focused on rural and agriculture sector: DBS bank

Govt revised up the FY19 fiscal deficit at -3.4 per cent of the GDP vs -3.3 per cent in the budgeted estimate.

02 Feb 2019 12:17 PM

We see many positive elements that will support consumer spending and economic growth, US India Business Council (USIBC) president Nisha Desai Biswal said. (Photo: Facebook)

Top US advocacy group praises Piyush Goyal for the positive elements

The interim Budget comes after the disappointing moves made by the Union government to control a quick execution in its eCommerce policy.

02 Feb 2019 11:35 AM

The budget has made a provision of Rs 584 crore for various phases of the Mumbai Urban Transport Project (MUTP). (Photo: Pixabay)

Budget allocates enough funds for MUTP: railway officials

The interim budget presented by finance minister Piyush Goyal has allotted Rs 7,672 crore for the Central Railway.

02 Feb 2019 11:19 AM

Union Minister Arun Jaitley. (Photo: Twitter | @ANI)

Income tax rebate a logical extension of steps taken by govt: Jaitley

Piyush Goyal on Friday announced an income tax rebate on earnings of up to Rs 5 lakh.

02 Feb 2019 11:09 AM

1 of 1

Columns

Dilip Cherian