Budget 2019: Govt will disburse Rs 20,000 crore under PM-KISAN scheme in Feb

The government would start disbursing substantial amount under the income support scheme for small farmers in this month itself as beneficiary data is already in place, a top finance ministry official said. 
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Budget 2019: What India Inc expects

The BJP led NDA government will present its interim budget for 2019 in the Parliament on 1 February. It is called an ‘interim’ budget as it is an election year and the budget will hold only till the current government is in power, which is for two months of FY 2019-20.
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Not dissatisfied with functioning of central bank: Jaitley

In a written reply to the Lok Sabha, the Minister quoted a report of International Monetary Fund (IMF) which said the supervision and regulation by the RBI was strong and improved in recent years. Continue Reading

GST Council to look at simplifying housing, MSME sector tax rates

Finance Minister Arun Jaitley announced the details and said, the Goods and Service Tax Council, in its next meet in January would consider rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current Rs 20 lakh. Continue Reading

LIC hands surplus cheque worth Rs 2.4K cr to FinMin

Chairman, LIC of India, V K Sharma presented the cheque of Rs 2,430.19 crore to the Finance Minister for the actuarial valuation as on 31 March. Continue Reading

TN approaches FM to release second instalment from CFC

Tamilnadu sought the Finance Ministry’s nod to grant the second instalment of funds from the Central Finance Commission to take up development work in urban and rural local bodies in the state. Continue Reading