First ‘Kisan Train’ starts in the country

First ‘Kisan Train’ starts in the country

Nashik: – The first-ever ‘Kisan Train’ service, for transporting vegetables, fruits and other perishables, was started in the country on Friday. Union Minister for Agriculture Narendra Singh Tomar and Railway Minister Piyush Goyal green signalled the train, via videoconferencing. Currently, the train will run, once a week, between Deolali, near Nashik and Danapur Station in […]

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Union government introduces equity infusion for the MSME sector   

Union government introduces equity infusion for the MSME sector   

New Delhi/ Mumbai: The government has announced extensive measures for the Micro, Small and Medium Enterprises (MSME) sector that provides employment to 11 crore people and holds 21% contribution to the Indian GDP. On Monday, the Union Ministry approved a package worth ₹70,000 crores for the sector. Besides, it also includes equity worth ₹50,000 crores. […]

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New government policy for public sector: Union Finance Minister Sitharaman

New government policy for public sector: Union Finance Minister Sitharaman

New Delhi: Union Finance Minister Sitharaman announced that the government is forming a new policy for the Public Sector Enterprises (PSE). The Finance Minister was announcing the fifth and final phase of the economic package announced by Prime Minister Narendra Modi. Sitharaman made a huge announcement of privatisation of all PSEs except the strategic sector. […]

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Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

New Delhi: – The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, […]

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Union Finance Minister announces additional benefits for the agricultural sector

Union Finance Minister announces additional benefits for the agricultural sector

New Delhi: On Friday, Finance Minister Nirmala Sitharaman declared additional benefits for the joint ventures of farmers and agriculture businesses. The Finance Minister also shared information regarding the new plans to be implemented for businesses such as fishery and pisciculture. Besides, vaccination programmes will be held for 53 crore cattle too. Most importantly, the Finance […]

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TDS reduced by 25%, period for filing tax returns extended- announces Union Finance Minister, Nirmala Sitharaman

TDS reduced by 25%, period for filing tax returns extended- announces Union Finance Minister, Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman has reduced the TDS by 25% on non-salaried payment. Furthermore, the due of filing tax returns has been extended until November. On Wednesday, the Finance Minister made this announcement while giving information about some portion of the total package worth 20 lakh crores. This decision regarding TDS and TCS […]

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Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]

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Coronavirus Crisis- Government declares relief for taxpayers and bank customers, a financial package for industry soon, FM Nirmala Sitharaman

Coronavirus Crisis- Government declares relief for taxpayers and bank customers, a financial package for industry soon, FM Nirmala Sitharaman

New Delhi: Union Finance Minister, Nirmala Sitharaman, has announced a significant relief for the taxpayers and ordinary bank account holders. Finance Minister Sitharaman made some important announcements for providing relief, by extending the date for filing returns, to the Income Tax and GST payers. The minimum balance condition, for bank accounts, also has been removed […]

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Budget 2020-21

Budget 2020-21

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget, for the year 2010-21, in the Lok Sabha. It is claimed that the relief for the people in the income group 500,000 to 1,500,000, in the income tax, is the highlight of the budget. It is also claimed that as the person will have […]

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