Breaking News

National News

Delhites protest against Shaheen Bagh sit-in

New Delhi: Hundreds of people staged a demonstration on Sunday, barely 200 metres from the Shaheen Bagh protest site, demanding clearance of the road connecting Noida with Kalindi Kunj in southeast Delhi. The protestors, mostly locals including women, raised slogans like ‘Jai Shri Ram’, ‘Vande Mataram’ and ‘Khali Karao Shaheen Baghwalo ko’, and said the stretch should be cleared at …

Read More »

No intention to tax global income of NRIs in India, says FM

New Delhi: Finance Minister Nirmala Sitharaman on Sunday said that there is no intention to tax global income of NRIs and only income generated in India will be taxed. Following the Budget announcement on Saturday there was confusion about the tax liability of Non-Resident Indians (NRIs) on their global income.    “What we are doing now is that the income of …

Read More »

Delhi polls: Cong promises unemployment allowance, cash back schemes

New Delhi: The Congress on Sunday promised to implement unemployment allowance of Rs 5,000-7,500 per month, cash back schemes for water and power consumers and challenge the contentious CAA in the Supreme Court if voted to power in Delhi. The manifesto presented by Delhi Congress chief Subhash Chopra also committed to spend 25 per cent budget each year on fighting …

Read More »

LIC IPO may come in 2nd half of FY21, says Finance Secretary

New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday. Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC through an initial public offer in the next fiscal. There are a number of processes …

Read More »

Poll officials, police meet to discuss situation in Shaheen Bagh area

New Delhi: Amid ongoing anti-CAA protests, local poll officials and police authorities held a meeting to take stock of the situation in Shaheen Bagh ahead of the elections, officials said on Sunday. “A meeting was called for Saturday evening at the Shaheen Bagh Police Station. But due to a firing incident near the protest site, some of the officers could …

Read More »

Meagre rise in defence allocation to hit critical purchases

IANS New Delhi The Defence Ministry coffer gets a 5.83 per cent more money in Union Budget 2020-2021 compared with the estimate of last financial budget. The ministry gets only 1.97 per cent more this budget when compared with revised budget of the previous year.   The critical purchases of arms and ammunition will hit roadblock with less money in defence …

Read More »

FM proposes Kisan Rail to transport perishables in refrigerated vans

PTI New Delhi Even as Finance Minister Nirmala Sitharaman proposed to set up a “Kisan Rail” through the public-private-partnership (PPP) mode for the cold supply chain to transport perishable goods in her budget speech on Saturday, the railways said nine such refrigerated vans were already available on its network. Railway Board Chairman VK Yadav said these vans, with a carrying …

Read More »

WCD Ministry’s allocation hiked by 14%

PTI New Delhi A sum of Rs 30,000 crore has been set aside for the Women and Child Development Ministry for the next fiscal in the Budget announced on Saturday, a 14 per cent increase over the 2019-2020 financial year. The total amount allocated for the social services sector, which includes nutrition and social security and welfare, has been increased …

Read More »

Bold reforms missing in budget: India Inc

PTI New Delhi The Budget 2020-21 unveiled on Saturday drew mixed responses from India Inc, with a section of industry leaders saying “big bold” reforms needed to kick-start economic growth are missing while others acknowledged that the Finance Minister had “little room” to manoeuvre. Nirmala Sitharaman presented the Budget woven around the themes of aspirational India, economic development for all …

Read More »

No big bang idea in Union budget

Dr D M Deshpande The Finance Minister, delivered perhaps, the longest ever budget speech in our living memory; true, it appears to be a budget for detail and addresses most of the sections of society. There is something for everyone. Sizeable cuts in personal income tax coming on the back of huge decrease in corporate tax, is one example. Rural …

Read More »