Business

Tabling her maiden Budget in the Parliament, Nirmala Sitharaman said steps were taken to boost infrastructure in sectors like roads, waterways, metro and rail.

'I propose to consider issuing Aadhaar cards for NRIs with Indian Passports after their arrival in India without waiting for mandatory 180 days,' Sitharaman said in her Budget speech.

Union Budget 2019: IOC shares have inched up just around 1% in the last one year compared with a 12% gain in the benchmark Nifty 50 index.

Union Budget 2019: The stock has returned nearly 21% to investors in the last one year compared with a 12% rise in the Nifty 50 index.

On Friday, the Union Budget 2019 will be presented by Nirmala Sitharaman, who is the first full-time woman finance minister to present the Union Budget in the Parliament.

The Union Budget, in a nutshell, is nothing but a statement of income and expenditure. Two important elements on both sides - income and expenditure - are Revenue Receipts and Revenue Expenditure.

The Economic Survey of 2019 has been tabled by Chief Economic Adviser Krishnamurthy Subramanian in the Parliament.

Signboards showing “tax money at work”, special privileges for highest taxpayers are among the moves suggested to widen the tax net.

The annual survey highlighted how a “virtuous” cycle of savings, investment, exports and growth with investment as the “central driver” will help in job creation.

Former RBI governor Urijit Patel said banks indulged in over-lending, while the government did not 'fully play' its role, and also conceded that the regulator should have acted earlier.

Priced at Rs 13,990, the firm has launched the premium range of five fans which would be introduced across the country soon. It has started selling the fans in Chennai from July 1.

IGL, the sole supplier of CNG to automobiles in the NCR, said that recent changes in transmission tariffs of gas pipeline led to the increase.

The results bring some concerns over the sustainability of the relatively robust growth rates seen at the start of the year, and the ability of companies to create jobs.

Total subsidies up to May 2019 was Rs 1,15,059.00 crore of the BE of Rs 2,96,684 crore while the same was Rs 88,689.12 crore in the corresponding period of the previous year.

The rupee is expected to trade in a narrow range as market participants will keep a close watch on the Union budget this week, that could trigger volatility in the local unit.

After surging over 370 points during the day, the 30-share BSE Sensex settled 291.86 points, or 0.74 per cent, higher at 39,686.50. The index hit an intra-day high of 39,764.82 and a low of 39,541.09.