In spite of major concessions announced by way of an ordinance in October 2019, the Indian economy continued to dwindle in the backdrop of the global economic meltdown. The current economic...
The new tax regime could mean savings of up to ₹15,600 for people earning more than ₹13 lakh per month. A person earning ₹15 lakh will be losing out on at least ₹73,000 in tax benefits as t...
Electric vehicles are all set to get dearer thanks to increase in customs duty rates by up to 67%. Elon Musk had earlier said Tesla might run on Indian roads in 2020. The increase in custom...
Finance Minister Nirmala Sitharaman called startups the ‘strength of India’ as she pushed “job seekers” to turn “job creators”. In a big move, employees at startups who have stock options w...
Nirmala Sitharaman broke her own record of “the longest speech” ever, during the Union Budget 2020 at the Lok Sabha. But that is not the only new thing. Her ‘Bahi-khata’ had many new scheme...
The Indian government budgeted for aggregate gross revenue (AGR) dues in the budget document. The government expects ₹1,33,027 crore in telecom revenue for 2020-21. Telecom industry sources...
Ministry of Civil Aviation has been allocated Rs 3,797 crore in this year's Budget, 2.62 per cent higher than Rs 3,700 crore which was allocated in the 2019-20 fiscal year. For the purchase...
People will have to shell extra money in order to get imported shoes from brands like Jimmy Choo, Gucci, Loui Vuitton and Loberton Paris. Single-brand retailers of furniture of foreign orig...
To crack down on the rising pollution levels in larger cities — having a population of over a million — Finance Minister Nirmala Sitharaman allocated ₹4,400 crore to clean air. Sitharaman a...
Nirmala Sitharaman said that “the youth are no longer job seekers but are job creators.” She expanded the tax relief given to startups. Earlier, a startup with turnover up to ₹25 crores was...
Nirmala Sitharaman increased the guarantee that the government offers depositors as banks fail – from ₹1 lakh to ₹5 lakh. This is the first time in 59 years that the government moved to inc...
What is the Defence budget of India in 2020? Finance Minister Nirmala Sitharaman's announced to keep a ₹4.71 lakh crore budget for Defence for FY 2020-21. What is the Health budget in 2020?...
As India progresses towards skill development initiatives, Finance Minister Nirmala Sitharaman allocated ₹99,300 crore to the education sector — including ₹3,000 crore for the skill segment...
Finance minister Nirmala Sitharam announced allocation of ₹3150 crore for Ministry of Culture and proposes the establishment of Indian Institute of Heritage and Conservation under the minis...
LIC is one of the few profit making companies that the government owns. The value of LIC’s investment corpus is an all-time high of ₹31 lakh crore. It has 250 million customers – which is a...
The government has proposed to replace traditional meters with digital meters in the next three years. This will allow consumers to port out of a service provide (selling power) just like t...
Although banned in the 1990s, manual cleaning of sewers continues till date. To help eradicate this, the Modi government has announced that it is working with urban local bodies to use tech...
The Finance Minister noted the cost advantage that India offers to companies. She also underlined that the electronics manufacturing industry has immense employment potential. The new polic...
Finance minister Nirmala Sitharaman allocated ₹6,000 crore towards BharatNet. The budget proposes to connect over 1 lakh Gram Panchayats in 2020. It plans to bring rural and remote regions ...
Nirmala Sitharaman recited a Kashmiri poem by Sahitya Academy winner Pandit Deenanath Kaul during Budget speech. She also read verses of Tamil saint Avvayyar and Thiruvallur. Kalidasa’s San...
India’s Union Budget 2020 proposes using machine learning (ML) and artificial intelligence (AI) for the Aayushman Bharat Scheme. Finance minister Nirmala Sitharaman claims that such solutio...
The Modi government has allocated ₹2.83 lakh crore for agriculture, this includes ₹1.73 lakh crore for rural development and panchayati raj and the rest is for irrigation. She also emphasis...
India's Budget 2020-21 proposes to geo-tag cold storage facilities in India. Finance minister Nirmala Sitharaman announced that the National Bank for Agricultural and Rural Development (NAB...
Here's a list of 16 action points laid down by Finance Minister, Nirmala Sitharaman. 1. Government to push for renewable energy through PM KUSUM scheme. 15 lakh additional pumps to be setup...
Finance Minister Nirmala Sitharaman will present the annual budget 2020 to the Parliament on February 1, 2020 at 11:00 A.M. Catch all the live updates on the Budget 2020 on Business Insider...
