- Budget focus on strategic oil reserve, extends ISPRL tax break(21:19)
New Delhi, Feb 3 (IANS) India has taken yet another step towards building a credible strategic oil reserve by extending tax breaks to the Indian Strategic Petroleum Reserves Ltd (ISPRL) on income generated while replenishing oil stock in storage facilities.
- No pump priming economy, govt keen on asset creation only: FM(21:00)
New Delhi, Feb 3 (IANS) Putting aside the hope of a strong fiscal stimulus to pump prime the economy, Finance Minister Nirmala Sitharaman said on Monday that the Budget gave a macro treatment to the economy rather than addressing sectors separately and put infrastructure spending as the highest priority while taking a fiscally prudent route.
- Netting Bill ready to boost bond market: DEA Secy(14:23)
By Anjana Das
New Delhi, Feb 3 (IANS) The Government has provided sufficient grounds to use the 'escape clause' in the FRBM Act and it does not foresee any hardening of bond yields and Foreign Portfolio investors not investing in India, Department of Economic Affairs (DEA) Secretary Atanu Chakraborty has said and added that the much awaited Netting Bill was being moved in the cabinet and would shortly be introduced in the Parliament.
- Don't be afraid of my questions on employment: Rahul to FM(13:22)
New Delhi, Feb 3 (IANS) Former Congress chief Rahul Gandhi on Monday took potshot at Finance Minister Nirmala Sitharaman over unemployment and said that she should not fear her questions as he is asking on behalf of students as the government has failed to generate jobs.
- Farmers' body wants duty hike on cigarettes withdrawn(20:32)
New Delhi, Feb 2 (IANS) Following the Union Budget 2020-21's proposal of an increase in the National Calamity Contingent Duty (NCCD) on cigarettes, the Federation of All India Farmers' Association (FAIFA) on Sunday said that the hike would adversely affect the livelihood of tobacco farmers in the country and urged the government to roll it back.
- Green advocates praise Budget, but concerned over funds(18:56)
New Delhi, Feb 2 (IANS) Green advocates on Sunday praised Union Finance Minister Nirmala Sitharaman's Budget speech towards combating air pollution along with fighting climate change and energy transition. But they were apprehensive too on several issues over the increased fund allocations.
- Centre should desist from amending NRI status: Kerala CM(13:32)
Thiruvananthapuram, Feb 2 (IANS) Kerala Chief Minister Pinarayi Vijayan on Sunday criticised the Centre to amend the section 6 of the Income Tax Act, 1961, which stipulates conditions for determining the residential status for tax purposes in India.
- 66% feel hike in deposit insurance good: IANS-CVoter poll(12:34)
New Delhi, Feb 2 (IANS) As the Finance Minister announced to raise the insurance cover on bank deposits to Rs 5 lakh, a post-budget IANS-CVoter survey shows that majority of the people are happy with the move and 66 per of the respondents described it as a good decision.
- Focus on police organisations, MHA gets over Rs 48,000 cr more(22:22)
New Delhi, Feb 1 (IANS) The Budget 2020 allocated the Union Ministry of Home Affairs (MHA) Rs 1.67 lakh crore, an increase of Rs 48,225.05 crore from the previous allocation of Rs 1.19 lakh crore in 2019-20, with the bulk of the money going to police, paramilitary and infrastructure programmes.
- Bengal inc hails Union Budget(22:17)
Kolkata, Feb 1 (IANS) Bengal inc on Saturday hailed the Budget presented by Union Finance Minister Nirmala Sitharaman, particularly lauding the steps to boost agriculture, rationalise personal income tax and give fillip to infrastructure.
- FM emphasises on building 'caring society' in budget(22:12)
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman while presenting the 2020-21 budget in the Lok Sabha on Saturday emphasised on building a caring society by including a slew of measures for social welfare, climate change and improvement of culture and tourism.
- Govt puts nominal GDP growth at 10% for FY21(22:00)
New Delhi, Feb 1 (IANS) The government has pegged nominal GDP growth at 10 per cent for FY21 in the Budget presented by Finance Minister Nirmala Sitharaman here on Saturday.
- Army gets Rs 263.52 cr for cow care in military farms(21:00)
New Delhi, Feb 1 (IANS) For upkeep of cattle at the British-era military farms, the government has allocated Rs 263.52 crore in the budget. The army had shut these farms three years ago, but with no takers for cows, it's forced to upkeep them.