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Crypto currencies not legal, will eliminate their use: Jaitley
New Delhi: Finance Minister Arun Jaitley today said all crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use.
He, however, said the government will explore use of…
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India on course for 8 pc plus growth, says Jaitley
New Delhi: India is firmly on course to achieving over 8 per cent growth and becoming the world's 5th largest economy, Finance Minister Arun Jaitley said today.
It has achieved an average growth of 7.5 per cent in the first three years of…
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Subsidy bill on food, fertiliser, oil up 15% at Rs 2.6 lakh cr
New Delhi: Subsidies on food, fertiliser and petroleum have been pegged higher by 15 per cent to Rs 2.64 lakh crore for the 2018-19 fiscal.
The subsidy bill on food, petroleum and fertilisers is estimated at Rs 2,64,335.65 crore for the…
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Budget belies market hopes, Sensex ends in red
Mumbai: Benchmark Sensex ended over 58 points lower in highly volatile trade today as markets gave a thumbs down to Budget proposals like long-term capital gains tax on equities.
The 30-share index had plunged over 460 points in afternoon…
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Govt allocates Rs 5.97 lakh cr for infra spending in 2018-19
New Delhi: Terming infrastructure as growth driver of the economy, Finance Minister Arun Jaitley today announced an allocation of Rs 5.97 lakh crore for 2018-19 for infra spending, up by over Rs 1 lakh crore from the ongoing fiscal.…
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Gold falls Rs 150 on global cues, muted demand
New Delhi: Snapping its two-day rising streak, gold prices drifted lower by Rs 150 to Rs 31,250 per 10 grams at the bullion market today, largely on weak global trend amid slackened demand from local jewellers.
However, silver advanced by…
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Govt misses fiscal deficit target; higher at 3.5% in FY’18
New Delhi: The fiscal deficit will overshoot to 3.5 per cent from the earlier estimate of 3.2 per cent in the current fiscal, ending March 31, Finance Minister Arun Jaitley said on Thursday.
The target has been fixed at 3.3 per cent for…
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Budget focus on agri, rural; income tax rates, slabs unchanged
New Delhi: A slew of measures for the agriculture and rural sectors, a new health insurance scheme for the poor and some relief in income tax for the salaried class and senior citizens, were announced by Finance Minister Arun Jaitley today…
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Rs 40,000 tax deduction on transport, medical expenses
New Delhi: Giving a relief to salaried class, Finance Minister Arun Jaitley today proposed a standard deduction of Rs 40,000 in lieu of transport allowance and medical reimbursement entailing a revenue sacrifice of Rs 8,000 crore.
The…
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Sensex regains 36,000 mark Nifty above 11,050 ahead of Budget
Mumbai: The benchmark BSE Sensex regained the 36,000-mark by rebounding over 171 points in opening trade as investors built up positions ahead of the Union budget to be unveiled by the finance minister today.
The 30-share BSE index, which…
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