Month: February 2019

Rs. 1330 Crore provided in the Interim Budget 2019-20 for the Mission for Protection and Empowerment for Women

open view news desk An amount of Rs.1330 Crore has been provided in the Interim Budget for 2019-20 for the Mission for Protection and Empowerment for Women. This is an increase of Rs. 174 Crore over the Revised Estimates of 2018-19 for the Mission. While taking several welfare […]

Government allocates Rs.64,587 Crore for Railways in 2019-20

Infra allocation for north eastern areas increased by 21% to Rs. 58,166 Crore in 2019-20 In the Interim Budget 2019-20, the Railways has been allocated Rs.64,587 crore.  The Railways’ overall capital expenditure programme is of Rs.1,58,658 crore.  This was stated by the Union Minister for Finance, Corporate Affairs, […]

Defence budget hiked to Rs. 3,05,296 crore

open view news desk Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament […]

One Lakh villages to go digital over next five years

open view news desk JAM-DBT – game changers since bank Nationalisation half century ago 34 Crore new bank accounts in last five years under Jan Dhan; Aadhaar reach near Universal Single window clearance for film shoot, available to foreigners, to be extended to Indian filmmakers Cinematograph act to […]

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

  open view news desk Rs 6,900 Crore worth Benami assets and Rs 1600 Crore worth foreign assets attached 18% growth in direct tax collection in Fy 2017-18 Tax base increased by 1.06 Crore people filing ITR for 1st time mainly on account of demonetization The anti-black money […]

Rationalization of customs duty and procedures to give boost to “Make in India” initiative

open view news desk RFID technology to be used to improve export logistics The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & […]

Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year

open view news desk 80% growth in tax base; number of returns filed increased from 3.79 crore to 6.85 Crore Within the next 2 years, almost all verification and assessment of returns selected for scrutiny to be done electronically The Government has reduced tax rates, more for the […]

GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade

open view news desk Rates continuously reduced providing relief of about rs. 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at Rs. 97,100 crore […]

FM: India now 6th largest economy in the world with high growth

open view news desk Fiscal deficit down to 3.4%; average inflation 4.6% FDI of USD 239 BN in five years Banks recover Rs 3 Lakh Crores in outstanding loans Under the leadership of the Prime Minister,  Shri Narendra Modi, the country has witnessed its best phase of macro-economic […]

Government Unveils vision for the Next Decade

open view news desk The Government has unveiled its vision for the next decade, listing thereby ten most important dimensions in 2030. “With this comprehensive ten-dimensional Vision, we will create an India where poverty, malnutrition, littering and illiteracy would be a matter of the past. India would be […]

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