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The electric vehicle draft policy is currently in public forum and up for discussion.

Technology

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.

6 July 2019 10:31 AM IST

Finance Minister Nirmala Sitharaman with her team before presenting the budget. (Photo: Twitter | ANI)

India

Budget 2019: Not Big Bang, but comprehensive focus on corporates to...

Finance Minister Niramala Sitharaman's maiden budget received mixed response from critics and industry experts.

5 July 2019 8:46 PM IST

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

Business

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

West Bengal chief minister Mamata Banerjee

India

West Bengal CM Mamata Banerjee terms Union Budget as 'completely...

FM Sitharaman said an additional excise duty and road and infrastructure cess of one rupee will be imposed on petrol and...

5 July 2019 7:44 PM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

Budget 2019: KYC norms relaxation, other proposals for FPIs to boost...

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

5 July 2019 7:32 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.

Business

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

There is a need to introduce bank reforms rather than pumping in more money in the banking sector. There was no need for high taxes on petrol and diesel. Therefore, there would be a hike in inflation as well, Badal said. (Photo: ANI)

India

Budget 2019 -- long on talk, short on delivery: Punjab Finance...

He said that Rs 1 lakh crore is to be invested in infrastructure sector, but there was no mention about any master plan...

5 July 2019 6:43 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.

Business

Budget 2019: Markets snap winning run as public float proposal spooks...

Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 pc to 35 pc.

5 July 2019 6:16 PM IST

Out of the total allocation, Rs 1,08,248 crore has been set aside for capital outlay to purchase new weapons, platforms and military hardware. (Representational Image)

India

Budget 2019: Rs 3.18 lakh crore allocated to Defence budget

The outlay for defence sector almost remained unchanged compared to what was allocated in the interim budget on February...

5 July 2019 5:52 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.

Business

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.

Business

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

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

India

Budget 2019: Here's how the industry reacted to Modi 2.0's first...

Banking high on infrastructure, the government aimed to collect more revenue to increase growth.

5 July 2019 5:29 PM IST