Over Rs.7,000 crore for smart cities
New Delhi, July 10 The government Thursday earmarked over Rs.7,000 crore for the creation of smart cities.
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Tag "finance minister"
FDI limit in insurance sector increased to 49 percent
Chennai, July 10 The BJP led National Democratic Alliance (NDA) government Thursday increased the foreign direct investment (FDI) limit to 49 percent in the insurance sector. Presenting his maiden union budget, Finance Minister Arun Jaitley said the government has decided
Jaitley’s budget promises 7-8 percent growth in three years
New Delhi, July 10 Finance Minister Arun Jaitley Thursday presented the national budget for this fiscal expressing concerns over economic slowdown while promising bold steps for a course correction to unburden the poor from rising prices, revive investor confidence and
Four new AIIMS to be established
New Delhi, July 10 The government will set up four new All India Institutes of Medical Sciences (AIIMS) in the country, Finance Minister Arun Jaitley said Thursday. “We propose to set up four more AIIMS and Rs.500 crore set aside
Rs.8,000 crore for National Housing Banking programme
New Delhi, July 10 With a view to expand and continue rural housing in India, the government has allotted Rs.8,000 crore for National Housing Banking programme, Finance Minister Arun Jaitley said Thursday.
Scheme for welfare of girl child
New Delhi, July 10 Finance Minister Arun Jaitley Wednesday announced the ‘Beti padhao, beti badhao’ scheme and allocated Rs.100 crore for the welfare of the girl child. Jaitley, who presented the budget, expressed grief on apathy towards the girl child
Jaitley’s budget gives tax relief, promises higher growth
New Delhi, July 10 Proposing to hike the tax exemption limit by Rs.50,000 for all individuals, Finance Minister Arun Jaitley Thursday presented the national budget for this fiscal with concerns over economic slowdown while promising bold corrective measures to unburden
Delhi’s water sector to get Rs.500 crore
New Delhi, July 10 The government Thursday allocated Rs.500 crore for Delhi’s water sector. “To make Delhi a world class city – Rs.200 crore for power and Rs.500 crore for water have been allocated,” Finance Minister Arun Jaitley said Thursday
Housing loan interest deduction raised by Rs.50,000
New Delhi, July 10 The government will raise the housing loan interest deduction limit from Rs.150,000 to Rs.200,000 to revive the housing sector, Finance Minister Arun Jaitley said while presenting the national budget.
Tax holiday for power projects extended by another year
New Delhi, July 10 The government has extended by another year the 10-year tax holiday for the power sector, Finance Minister Arun Jaitley announced Thursday, With this, the eligible date for projects in the power sector to avail the benefit
Rs.100 crore for development of archaeological sites
New Delhi, July 10 Finance Minister Arun Jaitley Thursday allocated Rs.100 crore for preservation of archaeological sites. “Archaeological sites preservation require urgent attention, lest ancient heritage is lost to future generation,” Jaitley said while presenting the budget for 2014-15. “I
Rs.1,000 crore proposed for railways in northeast
New Delhi, July 10 To encourage rail travel, Finance Minister Arun Jaitley Thursday proposed an outlay of Rs.1,000 crore to build railway infrastructure in the northeastern region. The minister told the Lok Sabha while presenting the national budget that this
New TV channel for northeast: Jaitley
New Delhi, July 10 Finance Minister Arun Jaitley Thursday announced a new 24X7 television channel for the northeast region. “A new channel named ‘Arun Prabha’, which will be a 24×7 channel, will be started in the northeast region,” Jaitley said
Tax exemption limit raised by Rs.50,000
New Delhi, July 10 Finance Minister Arun Jaitley Thursday raised the exemption limits for all individual tax payers by Rs.50,000 while keeping the rates untouched in the national budget for this fiscal. The tax exemption limit for individuals below 60
Duty free baggage allowance hiked
New Delhi, July 10 To encourage tourism, Finance Minister Arun Jaitley Thursday proposed an increase in duty free baggage allowance limit from Rs.35,000 to Rs.45,000. Earlier, anyone above 12 years visiting a foreign country for even three days was allowed
Unprecedented five minute break in budget speech
New Delhi, July 10 :Finance Minister Arun Jaitley today took an unprecedented five minute break in his budget speech.” I need a five minute break, the budget speech will continue”, he said. The speaker of Lok Sabha Ms Sumitra Mahajan
Coal India needs restructuring to boost output: Survey
New Delhi, July 10 State-miner Coal India (CIL) needs to be restructured quickly to raise output and ease the fuel supply situation, the finance ministry said in its annual Economic Survey. “The process of restructuring CIL needs to be pushed
Bihar best performing state in terms of growth rate
New Delhi, July 10 Bihar is the best performing state in terms of gross state domestic product (GSDP) and per capita income growth, the Economic Survey for 2013-14 has said. Presenting the Survey in parliament, Finance Minister Arun Jaitley said
Jaitley set to present maiden budget
New Delhi, July 10 Finance Minister Arun Jaitley was set to present the first national budget for self and the Prime Minister Narandra Modi government Thursday in an exercise that will be watched and analysed closely to ascertain what out-of-the-box
Jaitley to brief Pranab on budget’s main features
New Delhi, July 10 Finance Minister Arun Jaitley and Minister of State for Finance Nirmala Sitharaman will Thursday brief President Pranab Mukherjee on the main features of the general budget. “Finance minister, MoS (minister of state) and officers will, as
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