India’s first budget was presented by RK Shanmukham Chetty, minister of finance, on November 26, 1947. Here are the key highlights of the budget for the year 1947-48:
Puducherry wants to go back to the system of distributing subsidised foodgrain and doesn’t want the subsidy to be credited to the bank accounts of the beneficiaries as part of Direct Benefit Transfer. The union t
When finance minister Arun Jaitley rises to present the union budget 2018 in parliament on Thursday, most Indians will be hoping that he leaves them with more money in their pockets. Here are 10 expectations from this
Over the past two fiscal years, the Indian stock market has soared, outperforming many other major markets. Since end-December 2015, the S&P index has surged 45 percent, while the Sensex has surged 46 percent in rupee terms and 52 percent in d
Did you know that there has been a large increase in registered taxpayers, exports of readymade garments is on a high and the Indian society exhibits a strong son ‘meta’ preference? The Economic Survey 2017-18 has listed these and many
A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50 percent increase in the number of indirect taxpayers, besides a large increase in voluntary registrations, especially by small enterprises that buy fr
A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, said the Economic Survey 2017-18 that was tabled in parliament on Monday by union
In India public sector accounts for only 30 percent of the total healthcare expenditure and investment in building and maintaining public health infrastructure needs priority in the upcoming budget, according to a report by rating agency ICRA. Wit
Gross NPAs are expected to rise from Rs 8 lakh crore in March 2017 to Rs 9.5 lakh crore by March 2018, which is about 10.5 percent of total advances, while stressed assets are expected to be at Rs 11.5 lakh crore, according to a joint study by ASS
The 15th edition of the Mumbai International Film Festival for Documentary, Short and Animation Films beginning from January 28 will showcase 430 documentaries, short and animation films from across 40 countries. The week-long fest
The government has given contracts to private companies to operate flights and helicopters under the second round of regional connectivity scheme UDAN (Ude Desh ka Aam Naagrik). Airports authority of India (AAI), the implementing agency, has issue
Two people were killed in the fire that broke out at the Polyethylene Swing Unit of Panipat Naphtha Cracker Complex on January 22. As a precautionary measure, the swing unit is temporarily under shutdown. Indian Oil Corporati
India is the most dangerous place in the world to be born as a baby girl. It has the dubious distinction of having 75% more chances of girl children aged between 1-5 years dying as compared to boy children. India is among the fastest growing econo
The trainees of 37th International Training Programme on ‘Planning and Management of Urban Services’, organised by HUDCO’s Human Settlement Management Institute, interacted with HUDCO’s CMD, M Ravi Kanth. The training progr
Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday. After in
REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmission Ltd to Power Grid Corporation of India Ltd (P
Bharat Earth Movers Limited (BEML), a ministry of defence PSU, has launched a 5.4 ton wheel loader BL30-1 at Excon Exhibition 2017 in Bangalore. The high performance and rugged wheel loader is designed and developed by BEML.
The supreme court should be subjected to constant scrutiny so that it improves, Justice Jasti Chelameswar said at a book release function on Monday. This was his first public appearance in Delhi after a January 12 press conference at which he and
Much before Communist Party of India (Marxist) general secretary Sitaram Yechury got marginalised within the party’s central committee last week over the possibility of an alliance with the Congress, is learnt to have had an interesting conv
In its bid to create an oil major to match the performance of global and domestic oil and gas players, Oil and Natural Gas Corporation Ltd (ONGC) board has approved the acquisition of entire 51.11 percent shareholding of the government in Hindusta
