Finance news

Pollution Free Environment announced in Union Budget 2019

In Union Budget 2019, finance minister, Nirmala Sitharaman announced the major solution to our environment is to making our country more economy efficient as well as environmental efficient too, “Aiming to becoming a global hub for electric vehicle manufacturing, the government has already moved GST council to lower the GST rate on...

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Posted Under: Finance |

Budget Speech Summary – Part A

Indian economy becoming a 3 trillion dollar economy this year with World’s 3rd  largest economy in terms of Purchasing Power Parity, government’s intention to invest Rs. 100 lakh crore in infrastructure in next 5 years, enhaced target of over one lakh 5,000 crore of disinvestment in 2019-20, proposal to provide Rs.70,000 crore to P...

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Posted Under: Finance |

Union Budget stresses need for heavy investment in infrastructure

Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in small and medium firms  In Transport sector, budget proposes PPP in railways, roadmap to make India a hub of maintenance, repair and overhaul and aircraft financing / leasing activities and  Development of state road network Bluepr...

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Posted Under: Finance |

SFURTI to set up more Common Facility Centres for generating sustained employment opportunities 

Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) aims to set up more Common Facility Centres for generating sustained employment opportunities  SFURTI envisions 100 new clusters in 2019-20 to help 50,000 artisans economically 10,000 new Farmer Producer Organizations to be formed to ensure economies of sc...

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Posted Under: Finance |

Govt to consider issuing Aadhaar Card for NRIs with Indian Passports 

Government to consider issuing Aadhaar Card for NRIs with Indian Passports  Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped  The Union Finance Minister proposed to consider issuing Aadhaar Card for N...

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Rs. 400 Cr allocated for creating world class educational institutions 

Rs. 400 Cr allocated for creating world class educational institutions  New education policy for reforms in school and higher education National research foundation (NRF) announced to step up research in thrust areas National sports education board for development of sports persons to be set up under Khelo India An amount of Rs. 400 cro...

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Rs 1,19,025 crore allocated for MHA in Union Budget 2019-20 

Rs 1,19,025 crore allocated for MHA in Union Budget 2019-20  A sum of Rs 1,19,025 crore has been allocated to the Ministry of Home Affairs (MHA) in the Union Budget 2019-20 presented by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman in the Parliament today. The budget allocation represents an increase of [&he...

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Estimated savings/benefits of Rs. 59,599 crore upto March, 2019 under ‘PAHAL’ scheme 

Estimated savings/benefits of Rs. 59,599 crore upto March, 2019 under ‘PAHAL’ scheme There have been estimated savings/benefits of Rs. 59,599 crore for the Government upto March, 2019 under the ‘PAHAL’ scheme of the Ministry of Petroleum and Natural Gas. The statement of fiscal policy, as required under the Fiscal Responsibility a...

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Stand-Up India Scheme extended till 2025 

Stand-Up India Scheme extended till 2025  Government proposes streamlining multiple labour laws into a set of four Labour Codes New-age skills like AI, Big Data, VR, Robotics and Internet of Things to be promoted The Stand Up India Scheme has been extended upto the year 2025. This was stated by the Union Minister of Finance and Corpora...

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Govt to encourage & facilitate role of women in India’s growth story 

Government to encourage and facilitate role of women in India’s growth story  Women Self Help Group interest subvention programme to be extended to all districts Every verified women SHG member with a Jan Dhan Bank Account to get an overdraft of Rs.5,000 One woman in every SHG will be eligible for a loan up to […]...

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