Economy

#BudgetForNewIndia Big Push for Farmers: Rs 6,000 per year for small and marginal farmers; Benefit for Over 12 Cr distressed families

Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers. Vulnerable landholding farmers having cultivable land upto 2 hectares to be provided direct income support of Rs. 6000 per year..

#BudgetForNewIndia will energise the nation, empower the poor, give a boost to the farmer and an impetus to economic growth: Prime Minister Narendra Modi

Prime Minister Narendra Modi has lauded the budget as the budget for New India which will energise the nation...

#BudgetForNewIndia No income tax for those who earn up to Rs 5 lakh annually! Relief of over Rs 23,000 Cr to estimated 3 Cr small-middle class tax-payers

Individual taxpayers having taxable annual income up to Rs.5 lakhs will get a full tax rebate and therefore will not be required to pay any income tax..

“Poor have the first right over nation's resources”: Highlights of Interim Budget 2019-20

The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Parliament today are as follows..

Fruits of Focused Approach

The Modi Government’s focus on promoting in ‘Ease of Doing Business’ is driven by the philosophy of ‘Minimum Government, Maximum Governance’Gopal Krishna Agrawal The Doing Business 2019 Report of the World Bank has ranked India at 77th position in terms of ‘Ease of Doing Business’ (EoDB), an improvement of 23 ranks over the last year. In the last two years, India has improved its rank by a massive 53 positions and looks set to storm into Top 50 by next ..

Urjit Patel resigns as Reserve Bank of India (RBI) Governor

"On account of personal reasons, I have decided to step down from my current position effective immediately," Patel said in his letter..

India's Rural Sector: A comparative study of the performance of the UPA and NDA Governments

The NDA Government planned a multi-pronged strategy to improve the quality of life in Indian villages, to enlarge quantum of investment and to make the Indian farmer self-sufficient and farming remunerative rather than be only dependent on State agencies..

November GST Revenue Crosses Rs. 97,637 Crore

The total gross GST revenue collected in the month of November, 2018 is Rs. 97,637 crore of which CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore and Cess is Rs. 8,031 crore..

‘De-Dollarisation’ is a complex process and may not come through soon'

On the eve of the G20 summit taking place in Buenos Aires, Information Department of the Embassy of the Russian Federation in India along with Russian News Agency "Rossiya Segodnya" organised a talk between New Delhi and Moscow on the subject "The Future of the world economy: Can G20 Mitigate Existing Contradictions?..

Impact of Demonetisation, writes Union Minister of Finance Shri Arun Jaitley

"Demonetisation is a key step in a chain of important decisions taken by the Government to formalise the economy," writes the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley on completion of two years of Demonetisation..

GST Revenue Collections Cross One Lakh Crore in October

The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities," said Finance Minister Arun Jaitley..

#EaseOfDoingBusiness : India Makes Quantum Leap in 'Trading Across Border' Parameter in World Bank Report

The rank in Trading Across Borders has taken a quantum leap from 146 to 80 in the Doing Business report released by World Bank today..

Sumangalam : A New Development Paradigm

By critiquing the Western development models and resulting paradigms, indigenisation of the concept and processes of human development have to take into account the Dharma-based holistic approach..

Prime Minister Inaugurates 'World's Largest Mobile Factory' in Noida

Prime Minister, Shri Narendra Modi, and the President of the Republic of Korea, Mr. Moon Jae-in, jointly inaugurated a large mobile manufacturing facility of Samsung India Electronics Pvt. Ltd, at Noida..

Karnataka Budget: An exercise to massage ego and burden the common man

Many financial experts have questioned the rationale behind another budget instead on focusing on prudent expenditure for announcements already made and wait till next formal budget for better and visionary financial planning..

Various Hits, few Miss

“One nation, one tax” was the theme for GST launch and this objective has been largely achieved in one year..

#1YearOfGST Gross Saving Tax

One Year has passed since the ‘One Nation, One Tax’ regime has been in place. Despite initial apprehensions, its success has to be measured on the yardsticks of ‘common man friendliness’, ‘advantages for trade and industry’, benefits to economy’ and ‘simplified tax structure’..

Foreign Exchange Earnings increases by 10.2% in April this year as compared to last year

April this year saw a good growth in Foreign Exchange Earnings (FEEs) through tourism in India as compared to last year. Ministry of Tourism estimates monthly FEEs has seen a good earning, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI for the previous year. ..

Atal Pension Yojana Subscribers' Base Crosses 1 Croremark

Atal Pension Yojana (APY) Scheme’s subscriber base crossed 1 Crore on completion of 3 years of the Scheme launch..

In a First, GST Revenue Collection Exceeds Rs 1 Trillion Milestone

GST revenue collection in the month of April 2018 exceeds Rs. 1 Lakh Crore. This is for the first time monthly revenue has crossed Rs one trillion milestone..