Finance Minister Nirmala Sitharaman on Thursday said Pradhanmantri Suryodaya Yojana will enable one crore families to get up to 300 units of free electricity monthly and help them save up to Rs 18,000 annually. "There is provision of Rs 10,000 crore for rooftop solar (scheme) in the Budget," said finance secretary T V Somanathan in press conference on Budget later in the day. Earlier in the day Sitharaman in her interim Budget speech said through rooftop solarisation, one crore households will be enabled to obtain up to 300 units of free electricity each month.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.
The Nifty and Sensex traded close to their respective all-time highs.
Modi's government sees itself in a sweet spot with spare cash.
Prabhu's maiden Railway budget is high on vision.
Suresh Prabhu has announced a slew of measures to improve servcies in trains and railway stations
Railway Minister Suresh Prabhu announced new initiatives.
Investors in exchange-traded funds can trade on bourses.
Inputs by the Petroleum Ministry were found among stolen documents.
There isn't much Budget could do directly to help sectors.
The BSE Midcap and Smallcap indices have performed better than the front-liners
The Budget loosened the reins on public spending to drive growth.
GST collections touched a record of Rs 1.40 lakh crore in January on rapid economic recovery, Finance Minister Nirmala Sitharaman said on Tuesday. In her 2022-23 Budget speech, the minister said there has been a remarkable progress made in the Goods and Services Tax (GST) regime, but still a few challenges remain. "Gross GST collection in January at record Rs 1,40,986 crores; this has been possible due to rapid economic recovery," she said while presenting the Budget in the Lok Sabha. January is the seventh straight month when the GST collection has crossed the Rs 1 lakh crore mark.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
Railways Minister Sadananda Gowda will present his maiden Rail Budget on July 8 in Parliament.
Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
The railways have been able to project improvement in finances.
The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
Stocks might hit new highs even before B-Day.
The service conditions and judges' remuneration are not alluring .
As part of the long-standing ritual, the sweet dish is prepared in a large vessel and consumed by a large number of official and support staff who are required to stay in the North Block office till the presentation of the Budget, which is February 28 this year.
There will be a review of employee compensation arrangement in the light of the new rules.
The IS curve is a measure of the sensitivity between GDP and prevailing interest rates.
Finance Minister Nirmala Sitharaman on Tuesday announced cutting import duty on cut and polished diamonds and gemstones to 5 per cent while on sawn diamond to nil in order to boost the sector. At present, import duty on cut and polished diamonds as well as gemstones is 7.5 per cent. Presenting the Budget for 2022-23 in the Lok Sabha, Sitharaman also announced that the government will facilitate export of jewellery through e-commerce for which it will implement a "simplified regulatory framework" by June this year.
The government's capex spend is expected to rise and much of this is likely to be focussed on rural India, particularly for housing, roads and irrigation.
US budget deficit to come down to $583 billion in 2014
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The Budget will 'further reignite our growth engine, signalling the dawn of a prosperous future.'
The Institute of Chartered Accountants of India has shortlisted the changes it hopes to see in Budget 2017.
India is Asia's third-best performing equity market.
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we are facing a situation of empty coffers but eagerness to expand.
India's track record of over-promising and under-delivering also leaves plenty of room for doubt.
To help compare numbers better, FinMin might retain the interim Budget Estimates with the new ones.
That "Rollback Budget" ushered in an era of rollback.
The general masses have high expectations from the Budget.
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