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Tag "budget 2020"

Fiscal deficit for FY20 at 3.8%: FM

Fiscal deficit for FY20 at 3.8%: FM

🕔13:46, 1.Feb 2020

New Delhi, Feb 1  The fiscal deficit for the current fiscal will be 3.8%, up from the earlier estimated 3.3%, Finance Minister Nirmala Sitharaman said on Saturday. “The issue of fiscal deficit has to be addressed in every Budget. The

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Debt ETF with G-sec announced in Budget for more liquidity

Debt ETF with G-sec announced in Budget for more liquidity

🕔13:40, 1.Feb 2020

New Delhi, Feb 1  The Budget 2020 has proposed a debt exchange-traded fund (ETF) consisting of government securities and also hiked investments in corporate bond limit by the FPIs from 9 per cent to 15 per cent to deepen the

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Budget proposes Rs 8,000 crore boost for quantum tech

Budget proposes Rs 8,000 crore boost for quantum tech

🕔13:38, 1.Feb 2020

New Delhi, Feb 1  Giving a huge boost to adoption of emerging technologies, Finance Minister Nirmala Sitharaman on Saturday proposed to provide an outlay of Rs 8,000 crore for commercial application of quantum computing like in Blockchain over the next

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Govt to list LIC on exchanges: FM

Govt to list LIC on exchanges: FM

🕔13:31, 1.Feb 2020

New Delhi, Feb 1 ) Government will reduce its stake in state life insurer LIC through an IPO, Finance Minister Nirmala Sitharaman said on Saturday. “Government will list LIC on the stock exchanges”, she said in her Budget speech. This could

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India to boost mobile phones, chip manufacturing

India to boost mobile phones, chip manufacturing

🕔13:25, 1.Feb 2020

New Delhi, Feb 1  In a bid to make India a major hub of final assembly for Network Products (NP), the government on Saturday announced to unveil a detailed scheme soon to boost mobile phone, electronics equipment and semiconductor manufacturing

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PMC Effect: Deposit insurance raised to Rs 5 lakh

PMC Effect: Deposit insurance raised to Rs 5 lakh

🕔13:24, 1.Feb 2020

New Delhi, Feb 1  In a major relief to the common man, the Finance Minister on Saturday announced to raise the insurance cover on bank deposits to Rs 5 lakh from the current Rs 1 lakh. The decision comes after

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Bullet train project to be actively pursued: FM

Bullet train project to be actively pursued: FM

🕔13:22, 1.Feb 2020

New Delhi, Feb 1  Union Finance Minister Nirmala Sitharaman on Saturday said that the work on Prime Minister Narendra Modi’s ambitious 508-km Ahmedabad-Mumbai High Speed train project will be actively pursued and also said that it will set up ‘Kisan

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Budget 2020 is woven around 3 prominent themes: FM

Budget 2020 is woven around 3 prominent themes: FM

🕔13:05, 1.Feb 2020

New Delhi, Feb 1  Union Finance Minister Nirmala Sitharaman allocated Rs 69000 crore apart from Rs 6400 crore for PM Jan Aushadhi Yojna for the healthcare sector on Saturday as she announced that the Budget 2020 is woven around 3

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India preparing detailed scheme to boost mobile manufacturing: FM

India preparing detailed scheme to boost mobile manufacturing: FM

🕔12:31, 1.Feb 2020

New Delhi, Feb 1  The government will soon announce a detailed scheme to boost mobile phone, other electronics and semi-conductors manufacturing in the country, Finance Minister Nirmala Sitharaman said in her 2020-21 Budget speech on Saturday. Paying attention to the

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Budget may bring in new policy to revive power discoms

Budget may bring in new policy to revive power discoms

🕔07:27, 28.Jan 2020

New Delhi, Jan 28  The upcoming Union Budget may bring about a new policy to reduce the losses of power distribution company and revive them. Union Power Minister R.K. Singh on Monday said that the Power Ministry has discussed and

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Govt to decriminalise Income Tax Act, PMLA

Govt to decriminalise Income Tax Act, PMLA

🕔06:52, 21.Jan 2020

New Delhi/Chennai, Jan 21  The NDA government is moving to decriminalise the Income Tax Act and the Prevention of Money Laundering Act (PMLA) as part of steps towards restoring business confidence. These are among the steps being taken to catapult

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