The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department.
( ) Finance Minister Nirmala Sitharaman on Sunday said the decision not to remove Long Term Capital Gains (LTCG) tax in the Budget was because utility of this tax so far has not been tested due to poor market conditions and therefore government has not been able to assess the returns from it.
saw markets under pressure and lose ground on four of the five trading sessions. Post announcement of budget they simply crashed on Saturday when a special trading session was held, and ended the week with big losses. BSESENSEX lost 1,877.66 points or 4.51 per cent to close at 39,735.53 points while NIFTY was down 586.40 points or 4.79 per cent to close at 11,661.85 points. The broader markets saw BSE100, BSE200 and BSE500 lose 4.96 per cent, 4.88 per cent and 4.78 per cent, respectively. BSEMIDCAP was down 4.44 per cent while BSESMALLCAP was down 3.38 per cent.
The Union Budget has rightly recognised the importance of emerging technologies in realising India's full potential, executives of technology companies have stressed.
Emphasising on nutrition as a critical component on health, Finance Minister Nirmala Sitharaman has proposed to provide Rs 35,600 crore for nutrition-related programmes for the year 2020-21.
Finance Minister Nirmala Sitharaman in her budget speech in Parliament on Saturday proposed 16 action points to revive the struggling agriculture sector by doubling farmers' income.
Finance Minister Nirmala Sitharaman on Saturday said that a simplified GST return will be implemented from April 1, 2020.
Finance Minister Nirmala Sitharaman on Saturday proposed setting up a National Recruitment Agency (NRA) as an independent, professional, specialist orgsation for the conduct of a computer-based online Common Eligibility Test for recruitment to non-gazetted posts.
Bengal inc on Saturday hailed the Budget presented by Union Finance Minister Nirmala Sitharaman, particularly lauding the steps to boost agriculture, rationalise personal income tax and give fillip to infrastructure.
To make India an attractive destination for both international and domestic tourists, Finance Minister Nirmala Sitharaman on Saturday proposed to allocate Rs 2,500 crores in the Budget for FY2020-21 for the tourism sector.
The Union Budget 2020-21, which Union Finance and Corporate Affairs Minister Nirmala Sitharaman presented in the Lok Sabha on Saturday, aims at energising the economy of India through a combination of short-term, medium-term, and long term measures.