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 Blueprint for developing gas […]
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 scale for farmers over the next five […]
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 Non-Resident Indians with Indian Passports. She […]
Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage […]
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 crore has been […]
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 […]
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 and Budget Management Act, 2003, […]
Start-ups and their investors filing requisite declarations not to be subjected to any scrutiny regarding valuations of share premiums E-verification mechanism proposed for establishing identity of the investor and source of his funds TV programme proposed exclusively for Start-ups within the DD bouquet of channels Government to launch scheme inviting global companies to set up […]
GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs Sabka Vishwas Legacy Dispute Resolution Scheme to resolve litigations involving more than Rs. 3.75 Lakh Crore of pre-GST regime Customs duty exemption […]
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 Corporate […]
