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 […]
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 […]
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 […]
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 […]
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 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 […]
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, 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 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 & […]
Union Budget proposes permitting 100% Foreign Direct Investment (FDI) for insurance intermediaries Easing of Local Sourcing Norms also proposed for FDI in Single Brand Retail sector Rationalization of existing Know Your Customer (KYC) norms for FPIs contemplated to make it more investor friendly NRI-Portfolio Investment Scheme Route proposed to be merged with Foreign Portfolio Investment […]
