In the auto sector, we should move towards global dominance: Piyush Goyal
NEW DELHI: Union Minister of Commerce & Industry and Railways Piyush Goyal has said that in the auto sector, we should move towards global dominance, in terms of auto components & automobiles. Addressing the Society of Indian Automobile Manufacturers (SIAM) annual convention today, he said “We are improving the scale & quality of what we […]
Allow phased opening of alcohol industry, online sales: CIBAC to Piyush Goyal
NEW DELHI: Liquor manufacturing association CIBAC has urged Commerce and Industry Minister Piyush Goyal to allow phased opening of the alcoholic beverages industry which is facing financial stress and job losses due to the lockdown. In a letter to the commerce minister, the Confederation of Indian Alcoholic Beverage Companies (CIABC) said since the lockdown was […]
“Would be bidding for Air India if I wasn’t a Minister”: Piyush Goyal
NEW DELHI: As the government of India works on divesting debt-laden Air India, Union Minister Piyush Goyal on Thursday said if he was not a minister, he would be bidding for the airline. Air India has been in the red for long and the government is now in the process of finalising the contours for […]
Piyush Goyal to lead delegation of five Chief Ministers, business leaders to Vladivostok
NEW DELHI: Commerce and Industry Minister Piyush Goyal will lead a delegation of five chief ministers, including from Uttar Pradesh and Gujarat, and business leaders to Vladivostok in Russia from August 11-13, an official statement said on Friday. The commerce ministry said the visit is aimed at exploring investment opportunities and strike close partnerships with […]
Finance minister asks banks to meet realtors to understand industry issues
NEW DELHI: Finance Minister Piyush Goyal has asked banks to meet real estate sector representatives within the next fortnight to discuss the issues being faced by them. The minister also assured that goods and services tax (GST) rates would be brought down soon for the sector, which has been facing a demand slack. “There is […]
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 […]
Piyush Goyal announces ‘Vande Bharat Express’
NEW DELHI: Today, Railways & Coal, Minister Piyush Goyal announced the name Vande Bharat Express for Train 18, acknowledging its made-in-India status. He called it a ‘vandaniya’ step towards realisation of New India vision. This train set has been manufactured by Integral Coach Factory (ICF) in the period of 18 months under ‘Make in India’ […]
Train 18 is will soon start its journey on Delhi-Varanasi route: Piyush Goyal
NEW DELHI: Train 18 is will soon start its journey on the Delhi-Varanasi route, confirmed Railway Minister Piyush Goyal on Thursday, according to a PTI report. Prime Minister Narendra Modi will flag off the country’s fastest train. Train 18 will cover the 750-km route at a maximum speed of 160 kmph. The estimated run-time would […]
Rs 650 billion facelift for Mumbai local trains, passenger amenities: Piyush Goyal
Up to Rs 650 billion has been approved for a host of rail infrastructure projects on the suburban network in Mumbai and its surrounding areas, said Railway Minister Piyush Goyal on Sunday. These projects, investment for which were proposed in this year’s Union budget, including new works and upgradation of existing facilities on the busy […]