While speaking of taxation, Sitharaman also quoted Sangam era Tamil classic's Yaanai Pugundha Nilam written by Pisirandhayar in Purananooru.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
Rs 28,117.23 crore has been made available so far by the Centre for 30 schemes out of special package of Rs 1.25 lakh crore for the state announced by Prime Minister Narendra Modi.
Mahindra MF, which began operations in July 2016, is currently a bit-player and placed 31 among 42 fund houses, with assets under management of about Rs 4000 crore
To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.
Congress members trooped into the Well of the House, raising slogans against the government and Prime Minister Narendra Modi after Leader of the House and Union Finance Minister Arun Jaitley said no discussion other than on proclamation of President's Rule in Uttarakhand can take place.
The finance minister could not take the oath earlier in Parliament due to his ill-health.
The former union home and finance minister also alleged that the BJP-led National Democratic Alliance government would not have taken the bold decision had Jammu and Kashmir been a "Hindu-dominated" state.
Prime Minister Narendra Modi has started holding interactive sessions with his party MPs at which he wants them to open up. R Rajagopalan/Rediff.com reports on an unusual political exercise.
Sidhu asserted that he will continue to appear on The Kapil Sharma Show.
Chidambaram, who was accompanied by police personnel in the police bus, was put in a special cell in the Asia's biggest prison complex as per the orders of the CBI court.
From note ban result to Delhi's next L-G, a few things to look forward to.
The Modi government wants to have a smooth relationship with the DMK government.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.
Speaker Om Birla he will hold a meeting with leaders of all parties and then take a decision.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
The Supreme Court's decision to take up the case on Friday without granting him any interim relief, put to rest all the strategies being worked upon.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
The President may not have agreed with the government on many occasions. Not once was this ever made public -- though he told off ministers in private.
The vehicle scrapping policy will offer about 5 per cent rebate to those buying new cars if they junk their old vehicles, Union Minister Nitin Gadkari said in Rajya Sabha on Thursday terming it a "win-win" situation. The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial vehicles would require it after the completion of 15 years. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will offer a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the old.
Union ministers said Parliament passing over two dozen Bills was evidence of increased productivity of Narendra Modi government 2.0.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Mungantiwar also dismissed rumours that Union minister Nitin Gadkari may be appointed as the state's chief minister.
The court allowed Karti to carry spectacles and medicines as per prescription subject to examination and approval by the jail doctor, but denied his request to carry toiletries, books, clothes and home food.
Sitharaman does away with loans from National Small Savings Fund to Food Corporation of India.
The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
Naidu asked members to keep the prestige and the decorum of the House and said they should feel privileged to be in this House because of the people's trust on them.
While almost all the members belonging to the ruling National Democratic Alliance took oath by swearing in the name of god, Human Resources Development Minister Prakash Javadekar, who was re-elected to the Upper House from Maharashtra, took oath affirming his allegiance to the Constitution of India.
Let there be a rule that if the Budget is not passed and funds cannot be drawn from the Consolidated Fund of India, there will be a government shutdown as it happens in the United States, says A K Bhattacharya.
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
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