Finance Ministry’s request to insurance firms

The Finance Ministry has asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses to improve their financial health, sources said. Continue Reading

New Education Policy after 34 years proposes big reforms

The Union Cabinet approved Wednesday the National Education Policy 2020. This is the first education policy of the 21st century and replaces the thirty-four-year-old National Policy on Education (NPE), 1986. Continue Reading

Government issues ordinance to ban e-cigarettes

The government today issued an ordinance to ban e-cigarettes, making the production, import, export, transport, sale or advertisements of such ”alternative” smoking devices a cognizable offence attracting jail term and fine. 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

Parliament session begins tomorrow

The Union Cabinet, chaired by Prime Minister Narendra Modi, in its first meeting recently approved the summoning of the 17th Lok Sabha on 17 June (Monday) and subject to the exigencies of Government Business, the session will conclude on 26 July (Friday), an official statement said. Continue Reading