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Archive: 05 July 2019

Posts in 05 July 2019

Union Budget Proposes Strengthening MSMEs to Boost Make in India 

July 5, 2019 261 Views 0 comment Print

Union Budget Proposes Strengthening MSMEs to Boost Make in India  Rs. 350 Crore Allocated Under Interest Subvention Scheme Pension Benefit to 3 Crore Retail Traders, Small Shopkeepers with Annual Turnover Less Than Rs.1.5 Crore Under Pradhan Mantri Karam Yogi Maandhan Scheme 100 New Clusters to be set up Under Sfurti this Year, Benefitting 50,000 Artisans […]

Steps to be taken to meet public shareholding norms of 25% for all listed PSUs 

July 5, 2019 306 Views 0 comment Print

All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs  Government to start raising a part of its Gross Borrowing Programme in External Markets New coins of One, Two, Five, Ten & Twenty Rupees easily identifiable to visually impaired to be made available for public use shortly For […]

Massive programme of Railway station modernization to be launched

July 5, 2019 282 Views 0 comment Print

Union Budget proposes PPP to unleash faster development and completion of tracks, rolling stock manufacturing and delivery of passenger freight services  Special Purpose Vehicle (SPV) proposed to invest in Suburban Railways Government will complete the dedicated freight corridor project by 2022: Union Budget Massive programme of Railway station modernization to be launched this year Metro-railway […]

Ease of living promotes women led development

July 5, 2019 216 Views 0 comment Print

Two mega initiatives of Ujjwala Yojana and Saubhagya Yojana- have transformed the lives of women in every rural family and dramatically improved their ease of living. This was stated by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in  Parliament today. Household access to clean cooking […]

Union Budget 2019-20: Pathway to 5 Trillion Dollar Economy 

July 5, 2019 384 Views 0 comment Print

UNION BUDGET 2019-20: Pathway to 5 Trillion Dollar Economy  The maiden budget presented by Finance Minister Shrimati Nirmala Sitharaman has struck key chords with the Indian populace and chartered ambitious initiatives and plans for New India’s promising future. This budget was drawn keeping in mind the needs of the upcoming generations and not the upcoming […]

Tax related Highlights in Budget 2019

July 5, 2019 2961 Views 0 comment Print

Minimum Government – Maximum Governance Direct Tax > No income tax, if the annual total income is less than 5 lakhs. > Increase in surcharge for individuals having taxable income from Rs.2 crore to Rs.5 crore and above Rs.5 crore. > Corporate tax @ 25% for companies with annual turnover upto Rs.400 crores. > ‘Angle […]

Budget 2019: Detailed Analysis of Changes in Income Tax, GST, Excise

July 5, 2019 29250 Views 1 comment Print

FINANCE (No.2) BILL, 2019 PROVISIONS RELATING TO DIRECT TAXES & RELATED LAWS Introduction The provisions of Finance (No. 2) Bill, 2019 relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), to continue to provide momentum to the buoyancy in direct taxes through deepening and widening of the […]

Budget 2019: Separation of NPS Trust from PFRDA proposed

July 5, 2019 303 Views 0 comment Print

Expert Committee to be set up to recommend the structure and required flow of funds through development finance institutions  Regulation Authority over Housing Finance Sector proposed to be given to RBI Separation of NPS Trust from PFRDA proposed Six months’ Partial Credit Guarantee proposed to be provided to Public Sector Banks (RSBs) The Government has […]

India to move towards harnessing its space capability commercially

July 5, 2019 204 Views 0 comment Print

India to move towards harnessing its space capability commercially, New Space India Limited (NSIL) incorporated towards this end  Company to spearhead commercialization of various space products  New Space India Limited (NSIL) has been incorporated as a new commercial arm of Department of Space. This was stated by the Union Minister of Finance and Corporate Affairs, […]

Government sets enhanced target of Rs 105000 crore of disinvestment

July 5, 2019 384 Views 0 comment Print

Government sets enhanced target of Rs 1,05,000 crore of disinvestment during 2019-20  Strategic disinvestment of Air India proposed to be reinitiated More CPSEs proposed for strategic participation by private sector Government is setting an enhanced target of Rs 1,05,000 crore of disinvestment receipts for the financial year 2019-20 said the Union Minister of Finance & […]

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