Friday, April 26News That Matters

India

The Budget for New India will energise the nation : PM Modi

The Budget for New India will energise the nation : PM Modi

India
Budget will empower the poor, give a boost to the farmer and an impetus to economic growth: PM 12 crore farmers and their families, 3 crores middle class taxpayers will be directly benefitted: PM Farmers having land under 5 acres will be greatly helped by the PM Kisan Nidhi Unorganised sector’s interests to be safeguarded more by the PM Shram Yogi Man Dhan Yojana Prime Minister Narendra Modi has lauded the budget as the budget for New India which will energise the nation. In a series of Tweets and the statement  after the presentation of interim budget 2019-20, PM said that over 12 crore farmers and their families, over 3 crores middle class tax payers professionals and their families and 30-40 crore labourers will gain thanks to the  Budget for New India. PM sa
Allocation for the North Eastern Areas is being proposed to be increased by 21% to Rs 58,166 crore in 2019-20

Allocation for the North Eastern Areas is being proposed to be increased by 21% to Rs 58,166 crore in 2019-20

Business & Corporate, India
While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said that the allocation for the North Eastern Areas is being proposed to be increased by 21% to Rs 58,166 crore in 2019-20 Budget Estimates over 2018-19 BE. The people of North East have also received significant benefits of infrastructure development. Arunachal Pradesh came on the air map recently and Meghalaya, Tripura and Mizoram have come on India’s rail map for the first time, he said. The Finance Minister said that the Government will introduce container cargo movement to the North East by improving the navigation capacity of the Brahmaputra river. Shri Goyal said that the projects stuck for decades like the Bogibeel rail-cum-ro
Government Launches PM-KISAN Scheme For Small And Marginal Farmers

Government Launches PM-KISAN Scheme For Small And Marginal Farmers

India
Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers Vulnerable landholding farmers having cultivable land upto 2 hectares to be provided direct income support of Rs. 6000 per year Around 12 Crore small and marginal farmer families are expected to benefit To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said, “Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs. 6
Income upto Rs 5 Lakh to get full tax rebate : FM

Income upto Rs 5 Lakh to get full tax rebate : FM

Business & Corporate, India
Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed Relief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payers TDS threshhold on interests on small savings raised Boost to housing and real estate sector FM announces a slew of tax reliefs for middle class and small tax payers Individual taxpayers having taxable annual income up to  Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax.  While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said “Because of major tax reforms undertaken by us during last four and half years, both tax collections as well as tax base have show
This is New India budget: PM Modi

This is New India budget: PM Modi

India
Everyone has been taken care of in this interim budget: PM Modi Prime Minister Narendra Modi Said, From middle class to labourers, from farmers’ growth to the development of businessmen, from manufacturing to MSME sector, from growth of the economy to development of New India, everyone has been taken care of in this interim budget.
पहली बार रक्षा बजट को 3,05,296 करोड़ रूपये तक बढ़ाया गया !

पहली बार रक्षा बजट को 3,05,296 करोड़ रूपये तक बढ़ाया गया !

India
केन्‍द्रीय वित्‍त, कॉरपोरेट मामले, रेल और कोयला मंत्री श्री पीयूष गोयल ने आज संसद में अंतरिम बजट 2019-20 पेश करते हुए कहा कि वर्ष 2018-19 के बजट अनुमानों में प्रदत्‍त 2,82,733 करोड़ रूपये की तुलना में वर्ष 2019-20 के लिए बजट अनुमानों में 3,05,296 करोड़ रूपये प्रदान किये गये हैं। इन आकड़ों को वर्ष 2018-19 के संशोधित अनुमानों में 2,85,423 करोड़ रूपये तक संशोधित किया गया था। श्री पीयूष गोयल ने कहा कि हमारा रक्षा बजट 2019-20 में प्रथम बार 3,00,000 करोड़ रूपये के आंकड़े को पार कर रहा है। उन्‍होंने कहा कि हमारी सीमाओं को सुरक्षित करने और उच्‍चतम स्‍तर की तैयारियों को बनाये रखने के लिए यदि आवश्‍कता होती है तो अतिरिक्‍त निधियां प्रदान की जायेगी। रक्षा और राष्‍ट्रीय सुरक्षा को मजबूती प्रदान करने के मुद्दे पर अंतरिम बजट 2019-20 में कहा गया है कि हमारे सैनिक दुर्गम परिस्थितियों में हमारी सीमाओं की
Govt to infuse Rs 83,000 crore in PSBs in next few months :

Govt to infuse Rs 83,000 crore in PSBs in next few months :

Business & Corporate, businessNews, India
The government will infuse 83000 crore in Public Sector Banks in next few months in the current fiscal. Briefing media in New Delhi on Thursday evening, Finance Minister Arun Jaitley said the recapitalisation will enhance the lending capacity of state-owned banks and help them come out of the RBI's Prompt Corrective Action, PCA framework. He further said recognition of non-performing assets in the public sector banks is complete, and the downslide in bad loans has begun. The government on Thursday moved proposal in Parliament for enhanced bank recapitalisation outlay from Rs 65 thousand crore rupees to one lakh six thousand crore rupees in the current financial year to propel economic growth.
Countdown begins for launch of communication satellite GSAT-7A

Countdown begins for launch of communication satellite GSAT-7A

India, Technology
The 26-hour countdown is progressing smoothly for the launch of GSLV F 11 carrying GSAT 7A at the Space research Centre Sriharikota. Officials said that the process of propellant filling of liquid strap-ons had begun. The last launch of this year is a dedicated mission for updating and increasing the capability of the Country's defence forces. GSLV F 11 will carry the 2250 kilogram GSAT 7A from Sriharikota at 4.10 pm this evening. The rocket will spew out the satellite within 20 minutes after lift off from the second launch pad of the Satish Dhawan Space Centre. "GSAT 7A is ISRO's 35th communication satellite and it is the third mission in just over a month by the space agency. The rocket, GSLV F 11 is the fourth generation launch vehicle with three stages. The four liquid strap-o
Indian economy is now fairly large to display a certain degree of resilience: Jaitley

Indian economy is now fairly large to display a certain degree of resilience: Jaitley

businessNews, India
Finance Minister Arun Jaitley today said Indian economy is now fairly large to display a certain degree of resilience. He added that ability to grow in 7 to 8 percent range is fairly certain. The Finance Minister was speaking at the inauguration of FICCI's 91st Annual General Meeting in New Delhi this evening. He said there is a need to focus on several unreformed sectors in the economy. He also cited the need to improve credit flow and tackle liquidity. On RBI, Mr Jaitley said government respects its autonomy and indepence. He said that pointing out credit and liquidity issues is not infringing on autonomy.
PSU banks do not have any plan to shut down ATMs: Govt

PSU banks do not have any plan to shut down ATMs: Govt

businessNews, India
Minister of State for Finance Shiv Pratap Shukla has clarified that Public Sector Banks (PSBs) do not have any plans to shut down their ATMs. His statement assumes significance amidst a report by the Confederation of ATM industry warning that nearly half of the 2.38 lakh machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable due to rising costs and dipping or stagnant revenues. In a written reply to Lok Sabha, Mr Shukla said there are  2.21 lakh ATMs are deployed in the country as on September 30, as reported by the scheduled commercial banks, small finance banks, payment banks and white label ATM operators. He further said, mobile banking services and various digital modes of banking facilities are also available in th