Diabytes
Rail Budget 2019 News
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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said in Parliament today that “the role of women is a very sweet story” in India’s growth particularly in the rural economy while presenting the Union Budget 2019-20.
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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said that the Stand Up India Scheme has been extended up to the year 2025, while presenting the Union Budget 2019-20 in the Parliament today.
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While members of the government and the BJP showered praises on the budget, members of the opposition expectedly criticised Nirmala Sitharaman’s budget speech.
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Piyush Goyal thanked Nirmala Sitharaman for “strengthening the resolve of the Railways”.
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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman while presenting the Union Budget 2019-20 in Parliament today said that government aims to bring greater ease of living in the lives of its citizens through technology.
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While NSIL will be a public sector enterprise, it will aid ISRO to tackle the benefits of its research and development, the FM said in her budget speech.
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In order to further simplify the GST return filing process, Finance Minister Nirmala Sitharaman announced that taxpayers having an annual turnover of less than Rs 5 Crore shall file only quarterly returns. Presenting Union Budget 2019 at the Parliament on Friday, she said the threshold exemption limit for a supplier of goods is proposed to be enhanced from Rs 20 lakh to an amount exceeding Rs 40 lakh.
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In an effort to transform the education system in India, the Centre announced the New Education Policy to bring institutes at par to international level and focus on research and innovation, said Finance Minister Nirmala Sitharaman during Union Budget 2019. A National Research Foundation will be formed to ensure the strengthening of the research ecosystem in the country.
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According to Union Finance Minister Nirmala Sitharaman, as many as 1.95 crore houses would be constructed by the government as part of the scheme.
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Centre on Friday introduced a two per cent TDS (Tax Deducted at Source) on cash withdrawal exceeding Rs 1 crore in a year from a bank account. The Union Budget 2019 proposed this to encourage digital payments and cashless economy and to promote digital payments.
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Sitharaman also proposed that to discourage the practice of making business payments in cash a TDS of two per cent on should be levied on cash withdrawal exceeding Re one crore in a year from a bank account.
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Union Finance Minister Nirmala Sitharaman said that the new coins can be easily distinguished by those who are visually impaired.
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Delivering the budget speech in Parliament today, the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman stressed upon the need for heavy investment in infrastructure, digital economy and job creation in small and medium firms to fulfil the aspiration of making India a $5 trillion economy.
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Finance Minister Nirmala Sitharaman presented her maiden Union Budget for the Narendra Modi-led NDA government on July 5.
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For those earning less than Rs 2 crore per annum, there was no change in tax rates and the slabs also remained unchanged.
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Union Finance Minister Nirmala Sitharaman in her maiden budget speech on Friday brought good news for artisans under the scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI).
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I propose to consider issuing Aadhaar Card for Non Resident Indians (NRIs) with Indian passports after their arrival in India, without waiting for the mandatory 180 days, said Finance Minister Nirmala Sitharaman.
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For ease of taxpayers, I propose to make PAN card and Aadhaar card interchangeable and allow those who don't have PAN to file returns by simply quoting Aadhaar number, said Finance Minister Nirmala Sitharaman.
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India’s first full-time woman Finance Minister Nirmala Sitharaman highlighted the issue of women empowerment in her maiden Union Budget speech.
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Pension benefit will be extended to around 3 crore retail traders and shopkeepers with an annual turnover less than 1.5 crores.
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