Mon, Feb 12, 2024
Finance Minister Nirmala Sitharaman convened a meeting with the Reserve Bank of India's central board in Delhi. RBI Governor Shaktikanta Das was in attendance. The meeting followed the conclusion of the 2024 Budget Session, during which Sitharaman presented her interim budget ahead of the upcoming general elections.
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Thu, Feb 01, 2024
Budget 2024: Finance Minister Nirmala Sitharaman unveils initiatives to enhance railway infrastructure, including energy, mineral, and cement corridors, port connectivity, and high traffic density corridors. The move aims to boost multi-modal connectivity, logistics efficiency, GDP growth, and passenger safety.
In the equity market, the 30-share BSE Sensex rose 118.59 points to 71,870.70 points and the Nifty quoted 68.20 points up at 21,789.90 points.
Mon, Feb 01, 2021
Budget 2021: Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021 in the Parliament. In a bid to promote domestic electronic manufacturing, Indian government has decided to remove exemptions on parts of chargers and mobiles.
Motilal Oswal highlights that the Government to increase FDI from 49% to 74% in insurance, this announcement will be positive for HDFC Life, SBI Life, ICICI Prudential Life in Insurance sector.
Presenting the Union Budget for FY21-22, Finance Minister Nirmala Sitharaman today proposed no filing of Income Tax Return (ITR) by senior citizens who are above 75 years of age and have only pension and interest income. Pension from the ex-employer is taxed under the income tax head of Salary while family pension is taxed as ‘income from other sources’.
Finance Minister Nirmala Sitharaman announced that the FDI limit in insurance companies has been raised to 74%. This will increase innovation in insurance products and remove capital shortage.
Budget 2021 is aimed at reviving an economy that plunged into deepest recorded slump amid the COVID-19 pandemic, Finance Minister Nirmala Sitharaman proposed doubling healthcare spending and much more.
Budget 2021: Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
Finance minister Nirmala Sitharaman announced a massive ₹3.05 trillion electricity distribution reform program to help reduce losses and improve the efficiency of electricity distribution companies.
The Finance Minister Nirmala Sitharaman today said that the duty on gold and silver will be rationalised announced setting up a system of regulated gold exchanges in the country.
Union Budget 2021: In a bid to attract investment in the insurance sector and create a new avenue for revenue for the insurers operating in India, the Finance Minister Nirmala Sitharaman announced to raise the FDI in insurance sector from existing 49 per cent to 74 per cent.
Finance Minister Nirmala Sitharaman announced seven port projects worth more than Rs 2,000 crore investment. These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her Budget 2021 speech.
Finance Minister Nirmala Sitharaman, announce reforms in National education policy, under which more than 15 thousand schools will be qualitatively strengthened.
Finance Minister Nirmala Sitharaman announced that the government will build 8500 highway by March 2022.
Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore for Indian Railways of which Rs 1,07,100 crore is for the capital expenditure. She said the national transporter will monetise the Dedicated Freight Corridor (DFC) asset after commissioning.
Budget 2021: Voluntary vehicle scrapping policy to phase out old and unfit vehicles has been announced in the Union Budget on Monday.
Nirmala Sitharaman said that an investment of ₹ 20,000 has been done in the Development Finance Company.
Know what Reforms were made for Small Business and Startups in Budget 2021.
Budget 2021: In a big boost to FDI inflows and the insurance sector, Finance Minister Nirmala Sitharaman on Monday announced increase of FDI limits from 49 per cent to 74 per cent.
Finance Minister Nirmala Sitharaman on Monday announced that the government will launch a Securities Market Code in a bid to streamline the securities market.
The government will sell airports, roads, electricity transmission lines, parts of dedicated freight corridor of railways, and warehouses to private companies.
Finance Minister Nirmala Sitharaman on Monday announced that the central government is allocating Rs 1,10,055 crores for Railways.
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