Direct tax revenue has grown 78% from 2014 to 2019: FM

Presenting the Union Budget, Finance Minister Nirmala Sitharaman thanked taxpayers for being responsible citizens and for their valuable contribution through taxes which has helped all-round development of the country. Continue Reading

Budget: PSU banks to get Rs 70,000 crore boost for credit improvement

Finance Minister Nirmala Sitharaman while presenting the Union Budget 2019 today, said this financial year, the government will provide one-time six month credit guarantee on purchase of of high-rate pooled assets of NBFC, which amounts to Rs 1 lakh crore. Continue Reading

Modernisation of railway stations will begin this year, says Nirmala

Presenting the Budget 2019, Finance Minister Nirmala Sitaraman said modernisation of railway stations will be started this year.  Continue Reading

Budget: FM announces Rs 400 crore for higher education institutions

Presenting the Union Budget, Finance Minister Nirmala Sitharaman announced Rs 400 crore would be allotted for establishing world-class higher education institutions in India. Continue Reading

FDI inflows were robust in 2019 despite headwinds, says FM

Government will invite suggestions on further opening up the aviation, media and animation sectors to FDI, in consultation with all stakeholders, said Finance Minister Nirmala Sitharaman while presenting the Union Budget today. Continue Reading

Budget: Sitharaman discards briefcase, carries ‘bahi-khata’

In a departure from the past, India’s first full-time woman Finance Minister Nirmala Sitharaman carried the Union Budget documents in a red bag, reminiscence of the traditional ‘bahi-khata’. Earlier, finance ministers in different governments used to carry a briefcase to present budget, which was considered as a tradition of colonial past. Continue Reading

Budget: Programmes will be accelerated, red tape reduced, says FM

Finance Minister Nirmala Sitharaman today said the NDA government had set the ball rolling for a ‘New India’ in its first term and programmes will be accelerated and red tape reduced going forward. Continue Reading

Budget 2019: India bridging rural-urban divide, says Finance Minister

Schemes such as Bharat Mala, Sagarmala and UDAN are bridging rural urban divide and improving transport bridging rural urban divide and improving transport infrastructure, said Finance Minister Nirmala Sitharaman while presenting the Union Budget today. Continue Reading

Nirmala Sitharaman is 2nd woman to present Union Budget

Sitharaman (59) began presenting the Modi 2.0 government’s maiden budget in the Lok Sabha today. Prior to the presentation, the Union Cabinet headed by Prime Minister Narendra Modi approved the Budget for 2019-20. Continue Reading