Nirmala Sitharaman | The Asian Age

Tuesday, May 21, 2024 | Last Update : 10:04 AM IST

Nirmala Sitharaman Page-18

RBI Governor Shaktikanta Das said overall the system liquidity is hugely in surplus and if individual banks have liquidity issue, the RBI will provide liquidity support to them. (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.

08 Jul 2019 7:49 PM

The Budget documents give break-up of the jobs that were created in the central government departments in the last two years.

Over 3.81 lakh new jobs created in central govt departments in last two years

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

08 Jul 2019 2:53 PM

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

Tea industry neglected

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

08 Jul 2019 2:31 AM

In order to convey the strong protest of the rail workforce. NFIR directs all its affiliates to arrange massive protest demonstrations and rallies wearing protest badges from 10th to 13th July all over Indian Railway, said a letter from NFIR.

Budget revealed govt's intention to 'aggressively' push privatisation: Railway union

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

07 Jul 2019 6:08 PM

Finance Minister Nirmala Sitharaman said as a government minister she is duty bound to follow glide path to achieve fiscal deficit target of 3 per cent as per the law. (Photo: File | ANI)

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.

07 Jul 2019 6:00 PM

The government's emphasis on investing Rs 20 lakh crore every year in infrastructure development will certainly help in increasing steel consumption and will facilitate the growth of the domestic steel industry, SAIL Chairman Anil Kumar Chaudhary said.

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.

07 Jul 2019 4:51 PM

Revenue Secretary Ajay Bhushan Pandey said before the increase in surcharge the highest tax rate in India was 35.88 per cent. This was against 45 per cent in the UK, 45.9 per cent in Japan, 54 per cent in Canada, and 66 per cent in France. (Representional Image)

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

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

07 Jul 2019 4:00 PM

Benchmark indices had snapped their four-session rising streak and closed with sharp losses on Friday after the Budget proposal to raise public shareholding threshold.

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

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

07 Jul 2019 3:05 PM

This decision has been carefully taken. The government has assessed that (smuggling) dimension as well, said Finance Secretary Subhash Chandra Garg. (Photo: PTI | File)

Govt assessed smuggling dimension while raising import duty on gold: Finance Secy

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

07 Jul 2019 1:45 PM

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 makes no bones about it.

07 Jul 2019 12:03 AM

The Opposition leaders criticised the Union government for presenting a business-as-usual Budget by the Modi-led government on Friday. (Photo: File)

Oppn leaders slam Union Budget 2019-20, call it 'disappointing'

In a series of tweets, Kumaraswamy criticised the budget and said it is a 'big blow' to the state's economy.

06 Jul 2019 4:13 PM

Former finance minister Arun Jaitley. (Photo: Twitter | @ANI)

Budget lays down roadmap for India to get back on high growth track: Jaitley

India's economic growth slowed to a five-year low of 5.8 per cent in the January-March quarter.

06 Jul 2019 12:29 PM

Government announced a lower fiscal deficit target for fiscal 2020, while maintaining its support for growth and incomes.

Budget 2019 puts onus on RBI to spur growth

In the fourth quarter of the fiscal year to last March 31, economic growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

06 Jul 2019 12:24 PM

Sitharaman said the government has already proposed reducing a national goods and services tax (GST) from 12 per cent to 5 per cent to encourage sales.

Owning an electric vehicle to give tax benefits in India

India wants electric vehicles to account for 30 per cent of all passenger vehicle sales in India by 2030.

06 Jul 2019 10:31 AM

The American corporate sector has hailed Finance Minister Nirmala Sitharaman's first union budget, noting that it is not only inclusive, but also attractive for foreign investments. (Representational Image)

US corporate sector welcomes Indian budget, says it will attract FDIs

President of US India Strategic and Partnership Forum, Aghi said that policy decisions are encouraging for American companies.

06 Jul 2019 10:22 AM

Fuel prices were revised across the country on Saturday, a day after the announcement of additional excise duty and cess of Re 1 per litre on petrol and diesel. (Representational Image)

Fuel prices hiked by Rs 2, day after Centre announces additional excise duty, cess

On Friday, FM Sitharaman had announced a hike in cess on auto fuel prices while presenting Union Budget 2019-20 in Lok Sabha.

06 Jul 2019 8:59 AM

Budget 2019:: Public sector banks get Rs 70,000 cr boost in budget 2019

FM said that the financial gains from cleaning of the banking system are clearly visible and that NPAs have reduced by over Rs 1 lakh crore last year.

06 Jul 2019 8:06 AM

Union Budget 2019: Govt gives big boost to higher education

A draft legislation for setting up Higher Education Commission of India (HECI), would be presented in the year ahead.

06 Jul 2019 8:05 AM

Guest column: Budget will provide impetus to growth

Public sector banks will be provided with Rs 17,000 crore to boost credit.

06 Jul 2019 8:00 AM

Guest column: Significant boost for Rural infra projects

The push towards e-mobility with a tax concession of 1.5 lakh for loans taken for buying e- vehicles is a welcome move.

06 Jul 2019 7:57 AM

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Aakar Patel