The Sovereign Gold Bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges -- the NSE and BSE.
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
"Peeche peeche aana hai (follow right behind)," was the message from Amit Shah to Tamil Nadu Chief Minister Edappadi K Palaniswami and Deputy CM O Panneerselvam, reports R Rajagopalan. There has been no discussion on the portfolios to be allotted, and it has been left to the discretion of the prime minister, reports R Rajagopalan.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
The comments assume significance in view of the charges faced by HSBC
AAP has promised lower electricity bills, free basic water supply.
RBI rate cut is a welcome step for all citizens of India as everyone is looking for near-term boost in economy.
'Today arrogance of power has gone to your head. Why are you losing the mandate? We are endorsing all rotten policies of the Congress which is not in our interest. Leakage in drops of water from a pitcher empties it. So is with the mandate'
Over lunch, Finance Minister Arun Jaitley breaks down his Budget. Sheela Bhatt/Rediff.com reports.
The Indian economy can contract by 7.7 per cent in current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman. The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it. The survey unveiled two days before the Union Budget is broadly in line with forecasts by the Reserve Bank of India (RBI) which has said it expected the country's GDP to contract by 7.5 per cent in the year ending March 31.
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
Experts, however, said that it is a very nominal benefit to the salaried class.
Unlike the Advance Estimates which missed the impact of demonetisation, CEA's survey is likely to have a better take on Indian economy.
MPs from 10 Opposition parties on Thursday wrote a letter to Lok Sabha Speaker Om Birla saying that the situation at Ghazipur border was like that of India-Pakistan border and condition of farmers resembles prisoners in jail.
Deposit certificates will also be exempt from capital gains tax.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
Gandhi accused the ruling Bharatiya Janata Party of bringing back the idea of a 'king of India' that was 'smashed in 1947" and targeted the PM saying that the 'idea of a king is back.."
The Congress and other opposition parties have accused the police of bias and inaction in the Delhi violence.
Former West Bengal governor Jagdeep Dhankhar's subsequent elevation set a new benchmark for the actions of those who occupy Raj Bhavans, observes Aditi Phadnis.
'The finance ministry's decision to accept the deficit target of 4.5 per cent in 2025-2026 appears to have emanated from its endorsement of the Finance Commission's view that the Indian economy will continue to remain impacted by the pandemic, adversely undermining its growth potential,' notes A K Bhattacharya.
Trinamool Congress on Saturday removed Mukul Roy, a former confidante of Mamata Banerjee, from the key post of party general secretary.
Finance Minister Nirmala Sitharaman on Tuesday said the interest of all employees of state-owned banks which are likely to be privatised will be protected, even as bank unions observed a two-day strike against the government's privatisation decision. Replying to a query during a press conference, she clarified that public sector presence will continue in the banking space. "...we have announced public enterprise policy based on which we have identified those four areas in which we said government presence, public sector presence will be there, and bare minimum presence is what we have said, in that financial institutions are also there. "Meaning, even in financial sector we will still have the presence of public sector enterprise...not all of them are going to be privatised," she said.
The provision provided for tax at a concessional rate.
The bill seeks to provide legal sanction to the police to take physical and biological samples of convicts as well as persons accused of crimes.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
India needs to create buffers for future economic downturns.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Policymakers should consider the challenges of beneficiary identification, distributor opposition and beneficiary financial inclusion.
Opposition members in the Lok Sabha on Monday blamed the Bharatiya Janata Party-led central government's policies for the price rise and accused it of ignoring the plight of common people, saying kitchens will soon "see a lockdown" if the Centre does not take corrective measures.
The move comes three months after Jammu and Kashmir was bifurcated into two UTs -- Jammu and Kashmir, and Ladakh.
Stressing that the Apna Dal-S stands for social justice, Union minister Anupriya Patel on Monday dissociated her party from "Hindutva and all those issues" and said it is ideologically different from the Bharatiya Janata Party.
The bill was passed by a voice vote after Shah sought to allay concerns raised by the Opposition, which claimed the draft law was "draconian".
This is part of the first batch of Supplementary Demands for Grants for 2020-21 moved by Finance Minister Nirmala Sitharaman in the Lok Sabha.
The Union Cabinet on Tuesday gave its nod to a bill to merge the three municipal corporations in Delhi, sources in the government said.
BJP MP Subramanian Swamy also said he went to the Rajya Sabha daily and it was not his fault if the the House did not run.
"If you have questions on the economy, you should ask those..," he said when media persons kept fielding questions about his alleged hate speech.
Azad was elected to the Upper House from Jammu and Kashmir, which does not have an assembly currently after it was made a Union Territory with the abrogation of Article 370 of the Constitution.
Expenditure on health in India is at a global low of 1.2% of GDP.
Ahead of next Union Budget, Finance Minister Arun Jaitley has hinted at a cut in grants from the Centre to states.
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