India had undertaken planetary missions to the Moon and Mars on a shoestring budget of around USD one billion compared to China's USD three billion and USD 25 billion of USA.
In its maiden budget, the Maha vikas Aghadi (MVA) government in Maharashtra on Friday announced sops for farmers, proposed to increase VAT on petrol and diesel by Re 1 per litre and reduced electricity duty for industries
BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr
The government plans to sell its entire 52.98 percent stake in BPCL that will give buyers ready access to 14% of India's oil refining capacity and about one-fifth of the fuel market share in the world's fastest-growing energy market.
BJP issues whip to Lok Sabha, Rajya Sabha MPs asking them to be present on Tuesday for discussion of ‘very important legislative work’
The BJP has issued a whip asking its members of parliament to be present in their respective Houses on Tuesday when Finance Minister Nirmala Sitharaman is expected to reply to discussions on the Union Budget in Lok Sabha and Rajya Sabha
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointments
The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the RBI.
Mutual fund industry body seeks clarification from tax authorities on removal of DDT, TDS introduction
Industry body AMFI has sought clarification from relevant tax authorities with regard to the government's plan to scrap dividend distribution tax (DDT) on mutual funds and introduction of tax deducted at source on the income distributed by such products, fund managers and officials have said
Nirmala Sitharaman also attempts to maintain a balance by underscoring various measures taken by the government towards the woman and child welfare, culture and tourism, environment and climate change
Budget 2020: Nirmala Sitharaman's announcements expected to give impetus to consumer spending, give jump-start to economy
The consumer sector has been facing strong headwinds over the last few quarters, including rural job losses and stagnating wages, besides an erratic monsoon.
Finance Ministry to assuage concerns of rating agencies; economy remains robust: Economic Affairs Secretary Atanu Chakraborty
The finance ministry has said it will try to assuage concerns of rating agencies on opting for higher deficit and other Budget numbers while stressing that fundamentals of the economy are strong
Moody's says India's growth projections ambitious; GDP expansion likely at 4.9% in FY20, 5.5% in FY21
Moody's Investors Service on Tuesday said economic growth projections made by Finance Minister Nirmala Sitharaman in her Budget for 2020-21 appear ambitious given the structural and cyclical challenges facing the Indian economy
Budget 2020: Nirmala Sitharaman's slew of amendment proposals on various taxes may lead to adverse impact on individuals
The government has recognised the cash flow crunch faced by employees of startups who are required to pay taxes on the allotment of shares on exercise under the current provisions.
Budget 2020: Industry’s demand on DDT concerns addressed; will experts' proposals help bring back investor's confidence?
For e-commerce operator, this means creating more robust technology platforms and enabling tax complaint back end infrastructure to capture data and ensure compliance.
Budget 2020: New tax structure gives option to save tax; people can stay in current regime or switch to proposed plan, says revenue secretary
In the new regime, 5 percent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh. The tax rate rises to 10 percent, 15, percent, 20 percent and 25 percent for every Rs 2.5 lakh addition.
Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official
Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 per cent of salary is taxable.
How cultural-political vision of BJP, RSS for new India is coded in Nirmala Sitharaman's Budget speech
While the Opposition was trying to shout down such mentions, the government was using a financial jargon and technicality-packed Budget speech as a code for the cultural agenda of new India.
Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone
The GST rule is sought to be amended to trigger imposition of penalties against persons ‘causing and benefitting’ fraudulent input tax credit.
Sensex turns green after paring opening losses, jumps over 250 points; Nifty above 11,700, Hindustan Unilever jumps over 4%
Hindustan Unilever was the top gainer in the Sensex pack jumping 4.73 percent followed by Asian Paints, Nestle India, IndusInd Bank, ICICI Bank, Maruti, Bajaj Auto and NTPC.
Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’.
LIC public offer likely in second half of FY21, about 10% govt stake to be sold; aims to garner Rs 90,000 cr: Govt
There are a number of processes which have to be followed and some legislative changes would also be required for the listing of LIC, Kumar said.