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Union Budget stresses need for heavy investment in infrastructure
Union Budget stresses the need for heavy investment in infrastructure, Digital Economy and job creation in small and medium firms In Transport sector, budget proposes PPP in railways, roadmap to make...
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SFURTI to set up more Common Facility Centres for generating sustained employment opportunities
Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) aims to set up more Common Facility Centres for generating sustained employment opportunities SFURTI envisions 100 ne...
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Govt to consider issuing Aadhaar Card for NRIs with Indian Passports
Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped The Union Fin...
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Interchangeability of PAN and Aadhaar to file tax return proposed
Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a...
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Rs. 400 Cr allocated for creating world class educational institutions
New education policy for reforms in school and higher education National research foundation (NRF) announced to step up research in thrust areas National sports education board for development of spor...
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Rs 1,19,025 crore allocated for MHA in Union Budget 2019-20
A sum of Rs 1,19,025 crore has been allocated to the Ministry of Home Affairs (MHA) in the Union Budget 2019-20 presented by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman...
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Estimated savings/benefits of Rs. 59,599 crore upto March, 2019 under ‘PAHAL’ scheme
There have been estimated savings/benefits of Rs. 59,599 crore for the Government upto March, 2019 under the ‘PAHAL’ scheme of the Ministry of Petroleum and Natural Gas. The statement of fiscal policy...
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GST Return and Registration processes further simplified
GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs Sab...
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Stand-Up India Scheme extended till 2025
Government proposes streamlining multiple labour laws into a set of four Labour Codes New-age skills like AI, Big Data, VR, Robotics and Internet of Things to be promotedThe Stand Up India Scheme has...
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Govt to encourage & facilitate role of women in India’s growth story
Women Self Help Group interest subvention programme to be extended to all districts Every verified women SHG member with a Jan Dhan Bank Account to get an overdraft of Rs.5,000 One woman in every SHG...
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Union Budget Proposes Strengthening MSMEs to Boost Make in India
Rs. 350 Crore Allocated Under Interest Subvention Scheme Pension Benefit to 3 Crore Retail Traders, Small Shopkeepers with Annual Turnover Less Than Rs.1.5 Crore Under Pradhan Mantri Karam Yogi Maandh...
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Steps to be taken to meet public shareholding norms of 25% for all listed PSUs
All necessary steps to be taken to meet public shareholding norms of 25% for all listed PSUs Government to start raising a part of its Gross Borrowing Programme in External Markets New coins of One, T...
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Massive programme of Railway station modernization to be launched
Union Budget proposes PPP to unleash faster development and completion of tracks, rolling stock manufacturing and delivery of passenger freight services Special Purpose Vehicle (SPV) proposed to inves...
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Ease of living promotes women led development
Two mega initiatives of Ujjwala Yojana and Saubhagya Yojana- have transformed the lives of women in every rural family and dramatically improved their ease of living. This was stated by the Union Mini...
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Union Budget 2019-20: Pathway to 5 Trillion Dollar Economy
The maiden budget presented by Finance Minister Shrimati Nirmala Sitharaman has struck key chords with the Indian populace and chartered ambitious initiatives and plans for New India’s promising futur...
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Budget 2019: Separation of NPS Trust from PFRDA proposed
Expert Committee to be set up to recommend the structure and required flow of funds through development finance institutions Regulation Authority over Housing Finance Sector proposed to be given to RB...
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India to move towards harnessing its space capability commercially
, New Space India Limited (NSIL) incorporated towards this end Company to spearhead commercialization of various space products New Space India Limited (NSIL) has been incorporated as a new commercial...
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Government sets enhanced target of Rs 105000 crore of disinvestment
Government sets enhanced target of Rs 1,05,000 crore of disinvestment during 2019-20 Strategic disinvestment of Air India proposed to be reinitiated More CPSEs proposed for strategic participation by...
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Union Budget proposes permitting 100% FDI for insurance intermediaries
Union Budget proposes permitting 100% Foreign Direct Investment (FDI) for insurance intermediaries Easing of Local Sourcing Norms also proposed for FDI in Single Brand Retail sector Rationalization of...
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FDI inflows into India remained robust in 2018-19
The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that FDI inflows into India have remained robust despite global headwinds. Presenting the Union Budget 2019-20 in Parliament...