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Govt to earn Rs 25,000 cr from hike in taxes, Rs 12,000 cr from super-rich

by AIP Online Bureau | Jul 6, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on...

Insurers hail “Growth Oriented” Budget 2019-20

by AIP Online Bureau | Jul 5, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life

  Mumbai: The insurers have hailed the Budget 2019-20 presented by finance minister  Nirmala Siharaman as inclusive seeking to boost infrastructure and foreign investment with a clear focus to make India a $5tn economy in a few years.   The budget has...

FM provides relief for NPS subscribers

by AIP Online Bureau | Jul 5, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: Providing a big relief to the subscribers of National Pension Scheme (NPS), Finance Minister Nirmala Sitharaman in her maiden Budget on Friday announced that the Finance Bill will give effect to the cabinet decision of increasing the limit of...

Budget 2019-20 pushes for electric vehicles

by AIP Online Bureau | Jul 5, 2019 | Eco/Invest/Demography, Non-Life

  New Delhi: Unveiling government's plans for faster adoption of electric vehicles, Finance Minister Nirmala Sitharaman, in the Budget 2019-20 has allocated Rs 10,000 crore for  the Faster Adoption and Manufacturing of Electric Vehicles...

Rs 14,000 crore allocated for Pradhan Mantri Fasal Bima Yojana in 2019-20

by AIP Online Bureau | Jul 5, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The Pradhan Mantri Fasal Bima Yojana (PMFBY) at Rs 14,000 crore has received a higher allocation in 2019-20 in the Budget 2019-20.      In 2018-19, the scheme had got an allocation of Rs 12,975 crore.   “The higher...
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