Govt announces Rs 3 lakh crore collateral-free automatic loans for MSMEs

Finance Minister Nirmala Sitharaman on Wednesday announced a series of liquidity measures for millions of small businesses reeling under the impact of COVID-19 lockdown, including collateral-free automatic loans worth Rs 3 lakh crore. Borrowers with up to Rs 25 crore outstanding and Rs 100 crore turnover will be eligible. These loans will have a four-year […]

FM Nirmala Sitharaman announces 1.7 lakh crore relief package for poor amid COVID-19 crisis

Finance minister Nirmala Sitharaman on Thursday announced a slew of significant measures to deal with the economic distress caused due to the COVID-19 pandemic and the subsequent 21-day nationwide lockdown imposed to deal with the situation. The development comes at a time when Prime Minister Narendra Modi last week had constituted a task force headed […]

Union Budget 2020 key highlights: Massive tax bonanza by Govt

Union Finance Minister Nirmala Sitharaman tabled the Budget for the year 2020-21 in the Lower House of the Parliament on Saturday. The Finance Minister proposed a new tax regime in Budget 2020 slashing income tax rates and rejigging income tax slabs to reduce total tax payable by individuals. As per the new regime, 70 tax […]

Budget 2020: Sivasagar among 5 archaeological sites to be developed with on-site museums

Five archaeological sites in the country will be developed as iconic sites with on-site museums. The heritage city of Assam’s Sivasagar will also be developed as iconic site with on-site museum, under the new budget. The decision was announced by finance minister Nirmala Sitharaman while presenting Union Budget for the financial year 2020-21 in the […]

Budget 2020 provides additional Rs 69,000 cr for health sector: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said that the Union Budget 2020 provides an additional Rs 69,000 crore for the health sector. “Budget 2020 provides an additional Rs 69,000 crore for the health sector,” she said during her budget speech. The Finance Minister proposed to attach a medical college to a district hospital in […]

Budget 2020: Rs 9,000 crore allocated for senior citizens’ welfare

While presenting her second Union Budget in the Lok Sabha on Saturday, Union Finance Minister Nirmala Sitharaman announced that the Centre this year has allocated Rs 9,000 crore for the welfare of senior citizens. Also, the government has allocated Rs 53,700 crore for the uplift of Scheduled Tribes, and Rs 85,000 crore for the welfare […]

Kisan Rail, Krishi UDAN for farmers, says FM Nirmala Sitharaman

Krishi UDAN will be launched by the Ministry of Civil Aviation on international and national routes aiming to improve value realisation in North East and tribal districts, said Finance Minister Nirmala Sitharaman on Saturday. “Krishi UDAN will be launched by the Ministry of Civil Aviation on international and national routes aiming to improve value realisation […]

Budget 2020: Govt announces Rs 99,300 cr for education sector

A sum of Rs 99,300 crores for education for the year 2020-21 will be provided, Finance Minister Nirmala Sitharaman said on Saturday while presenting the second union budget of Modi’s re-elected government. “We propose Rs 99300 crores for the education sector in 2020-21 and Rs 3000 crores for skill development,” Sitharaman said in the Parliament. […]

Finance Minister Sitharaman delivers longest budget speech, breaks own record

Union Finance Minister Nirmala Sitharman on Saturday presented her second union budget and made the record of delivering the longest budget speech. Her budget speech, keenly heard across the aisle of parliament, lasted for over 2 hours 40 minutes, breaking the 2019 record of 2 hours and 17 minutes. The Finance Minister had begun her […]