- Budget unlikely to up Rs 2.5 lakh income tax exemption limit(15:36)
By Anjana Das
New Delhi, June 24 (IANS) The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs 5 lakh can get full tax rebate under Section 87A.
- FICCI for higher allocation for education in Union Budget(19:40)
New Delhi, June 23 (IANS) Industry body FICCI has recommended an increase in fund allocation in several aspects of education in the upcoming Union Budget, including creation of a Rs 1,000 crore "State Policy Reform Fund" to incentivise states for better implementation of measures such as merit-based teacher recruitment and promotions in schools.
- CII suggests creation of National Employment Board(18:48)
New Delhi, June 23 (IANS) The Confederation of Indian Industry (CII) on Sunday recommended the creation of a National Employment Board cosisting of members from key Union Ministries, all state governments, industry experts and trade unions, among others, to look into and address issues faced in employment creation in the country.
- Fiscal Deficit at 0.75% of GDP in April: DoE figures(11:04)
New Delhi, June 23 (IANS) Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20, slightly lower than what it was in the same period a year ago and as a percentage to the GDP, the fiscal deficit is at 0.75 per cent, Department of Expenditure (DoE) figures showed.
- Central sector telecom projects may get higher funds support in Budget(08:46)
By Anjana Das
New Delhi, June 23 (IANS) The general Budget in July is likely to give a fillip to the government's telecom projects to make the Prime Minister's vision of Digital India a success. Under the roadmap, the Department of Telecom's (DoT) Central sector projects will be allocated more funds.
- Investors looking for growth measures in Budget(08:32)
Mumbai, June 23 (IANS) A slowing GDP growth rate is a major sticking point for the Indian stock markets at this points and a delayed monsoon and sharp rise in oil prices is further weighing on the investors.
- PM meets economists over key macro-economic issues(21:28)
New Delhi, June 22 (IANS) Prime Minister Narendra Modi on Saturday met leading economists to discuss key issues including employment, agriculture, education, and health in the run-up to the Budget.