Economy
The reserves nearing USD 428 billion can take care of imports for almost 10 months, according to market experts. (Representational Image)
05 Jul 2019 7:46 PM

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

Liquidity has been a major concern for the real estate sector, which the government has tried to address to a certain extent in this Budget, said NAREDCO President Niranjan Hiranandani. (Representational image)
05 Jul 2019 7:18 PM

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

Terming the connectivity as the lifeblood of the economy, Nirmala Sitharaman announced a slew of steps to scale up India's infrastructure programmes including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250 crore and creating a national highways grid.
05 Jul 2019 5:48 PM

Infrastructure financing needs have been estimated at around Rs 20 lakh crore a year, said Nirmala Sitharaman.

It was proposed to increase duty on other alloy steel and wire of other alloy steel (other than INVAR) to 7.5 per cent from 5 per cent at present. (Photo: Representational)
05 Jul 2019 5:32 PM

The current customs duty on stainless steel products is 5 per cent.

Diesel is priced at Rs 64.33 a litre in Delhi and Rs 67.40 per litre in Mumbai. (Photo: DC)
05 Jul 2019 5:09 PM

A litre of petrol costs Rs 70.51 in Delhi and Rs 76.15 in Mumbai.

Besides PM-KISAN, the government has proposed to increase the allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to Rs 14,000 crore for the current fiscal against the revised estimate of Rs 12,975.70 crore for the 2018-19. (Representional Image)
05 Jul 2019 4:59 PM

PM-KISAN aims to give Rs 6,000 annually in three equal installments to 12.6 crore small and marginal farmers.

The NPS is a voluntary, defined contribution retirement savings scheme for government employees as well as for those working in the private sector.
05 Jul 2019 4:50 PM

The proposal to separate the two job roles was under consideration for last few years.

The expenditure budget of Rs 1,159.05 crore in the 2019-20, includes Rs 1,097 crore on central sector schemes/projects and Rs 23.15 crore on Coal Mines Pension Scheme. (Representational Image)
05 Jul 2019 4:47 PM

The bulk of increase in the Budget allocation for 2019-20 is towards central sector schemes.

The Parliament on Friday echoed with a couplet and a quote from Kautilya's 'arthshastra' when Finance Minister Nirmala Sitharaman presented her maiden Budget in the Lok Sabha. (Photo: File)
05 Jul 2019 4:28 PM

Breaking the tradition of carrying briefcase to the Parliament for presenting Budget, she posed outside the House with ledger book instead.

Finance Minister Nirmala Sitharaman Friday said corporate India is a job creator as well as wealth creator and called for public private partnership to develop rail infrastructure. (Photo: File)
05 Jul 2019 4:27 PM

Finance Minister said as the world's third largest aviation market, time is ripe to enter aircraft financing and leasing from Indian shores.