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Finance Minister Nirmala Sitharaman

Blueprint for a $5 trillion economy

The Budget advocates policies via four pillars of thrust that can push the India economy to a level of $5 trillion in...

6 July 2019 2:28 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

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

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

5 July 2019 8:01 PM IST

Indias forex reserves have shot up considerably.

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.

5 July 2019 7:45 PM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

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

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

5 July 2019 7:17 PM IST

The Cabinet Committee on Economic Affairs on Thursday gave its approval for continuation of Pradhan Mantri Gram Sadak Yojana (PMGSY) beyond the 12th five-year plan period.

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

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

5 July 2019 5:48 PM IST

The steel exports to the US from China, Japan and South Korea have fallen by 4,88,000 tonne in six months since the imposition of the duty barriers by the Trump Administration.

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

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

5 July 2019 5:32 PM IST

Petrol pump employees at a fuel station during a strike called by Delhi Petrol Dealers Association for reduction in VAT in New Delhi. (Photo: Bunny smith)

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

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

5 July 2019 5:08 PM IST

The govt has given nod to recover Rs 22,000 crore arrears from agriculture pump owners.

Budget 2019: Govt raises budget allocation to agri ministry by 78 pc...

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

5 July 2019 4:58 PM IST

The NPS is a voluntary, defined contribution retirement savings scheme for government employees as well as for those working in the private sector.

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.

5 July 2019 4:49 PM IST

The Cabinet on Wednesday relaxed rules for state-owned Coal India Ltd for extraction of natural gas.

Budget 2019: Coal Ministry sees 48 pc jump in allocation to Rs 1,160...

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

5 July 2019 4:46 PM IST

Chief Economic Adviser K V Subramanian. (Photo: Twitter)

Govt to start raising part of its gross borrowings from external...

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

5 July 2019 3:49 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Budget 2019: Govt enhances revenue collection from telecom sector to...

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

5 July 2019 3:43 PM IST