About 363 infrastructure projects show cost overrun of over Rs 3.42 lakh crore
NEW DELHI: As many as 363 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.42 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. “Total original […]
Defence budget hiked to Rs. 3,05,296 crore in India
NEW DELHI: About Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament the Union Minister for Finance, Corporate Affairs, Railways […]
India now 6th largest economy in the world with high growth
NEW DELHI: Under the leadership of the Prime Minister of India Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14. Presenting the Interim Budget for the year 2019-20 in Parliament today, the Union Minister for […]
One lakh villages to go digital over next five years
NEW DELHI: India having emerged as the world leader in the consumption of mobile data, the government now aims to widen its impact by reaching out to the interior and rural areas. While presenting the Interim Budget 2019-20 in Parliament, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal said the government […]
India allocates Rs 60,000 crore for MGNREGA in Interim Budget 2019
NEW DELHI: The government of India on Friday proposed to allocate Rs 60,000 crore for rural employment scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for the year 2019-20. The amount allocated for 2019-20 is 11 per cent higher compared to Rs 55,000 crore allocated for the year 2018-19. The revised estimate […]
Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed
NEW DELHI: Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal said “Because of major tax reforms […]
Affordable Housing gets another boost with year’s extension of Section 80-IBA of the Income Tax Act: Dr. Hiranandani
NEW DELHI: Homer seekers have reason to be happy with the budget speech of the finance Minister Piyush Goyal, said Dr. Niranjan Hiranandani is President (Nation), National Real Estate Development Council (NAREDCO). “For real estate in general and housing in particular, this is a positive budget speech. For the economy, it focuses on the farm sector […]
A mixed bag of reactions by realtors on Interim Budget 2019
NEW DELHI: Presented by the interim finance minister Piyush Goyal in Parliament today, the interim Union Budget 2019-20 has much to offer to the real sector. From lending a stronger back to the middle-class section of the country to providing some relief to the real estate developer the interim budget came with plenty of perks […]
Highlights of Interim Budget 2019-20
NEW DELHI: The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal in Parliament today are as follows: New Announcements Farmers · 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN o […]
Arvind, Polser to manufacture next generation materials for construction industry
NEW DELHI: Arvind Limited has announced a joint venture with Polser AS (Turkey) – a global leader in laminated composite panels – for manufacturing corrugated and plain fiberglass sheets to serve the construction industry in India and abroad. The joint venture combines Polser’s world-class technological prowess with the manufacturing capabilities of Arvind’s Advanced Materials Division […]
Fresh twist in Leela sale saga, headed for NCLT
NEW DELHI: The Leela Hotels acquisition by various suitors has taken a turn for the worse. JM Financial has reportedly filed a suit in the National Companies Law Tribunal (NCLT) last Thursday against the Nair brothers Vivek Nair (Guarantor) and Dinesh Nair (Guarantor) on the basis of a legal notice issued by Khaitan and Co […]
Boeing bags $2.4 billion P-8A Poseidon contract from U.S. Navy
NEW DELHI: The U.S. Navy has awarded Boeing a $2.4 billion production contract for the next 19 P-8A Poseidon aircraft. The contract includes 10 aircraft to add to the current inventory of P-8As in the U.S. Navy fleet, all five jets currently under contract for Norway and the four aircraft remaining for the existing United […]
Authority drops benami attachment order of I-T Income Tax Department against Shah Rukh Khan
NEW DELHI: Actor Shah Rukh Khan has been absolved of the charge of being a beneficiary of a benami property in the scenic beach town of Alibaug in Maharashtra as an Appellate Authority under the law has “revoked” the attachment order of the I-T Department, calling it baseless and coloured. The Adjudicating Authority (AA) slammed […]
DHFL siphoned off Rs 31,000 crore of public money: Cobrapost Report
NEW DELHI: A news website on Tuesday claimed that primary promoters of DHFL (Dewan Housing Finance Corporation), a housing finance institution, siphoned off over Rs 31,000 crore of public money through loans and advances to shell companies and other means to create private wealth for themselves. Calling it the “biggest banking scam in Indian history”, […]
All new Maruti Baleno launched with sporty front grill: Check price, specs
NEW DELHI: The country’s largest car maker Maruti Suzuki India on Monday launched an updated version of its popular premium hatchback Baleno, priced between Rs 5.4 lakh and Rs 8.77 lakh. The updated Baleno features a new sporty front grill with wider stance, apart from having precision cut smoked two-tone 16-inch alloy wheels, Maruti Suzuki […]
Bobby Mukherji and Associates revamps the Atrium Lounge at The Taj Lands End
NEW DELHI: Bobby Mukherji & Associates have designed The Arium Lounge at The Taj Lands End in Mumbai. This spacious and relaxing lounge is often referred to as the heart of the Hotel with an Intimate yet opulent ambience. The bar is undoubtedly the cynosure of the space donning wood and gold with beveled mirror. […]