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Finance Minister Piyush Goyal on Friday said the country is poised to become a USD 5-trillion economy in the next five years and aspires to become a USD 10-trillion economy in the next 8 years thereafter. Presenting the Budget 2019-20 in the Lok Sabha, Mr

Finance Minister Piyush Goyal Friday said the government has been able to contain double digit inflation and has restrained the "back-breaking" inflation to an average 4.6 per cent. Presenting the Interim Budget 2019-20, Mr Goyal said during the

Jet Airways has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden carrier, the Business Standard newspaper said, sending Jet's shares soaring as much as 18 per cent on Friday.

Both airlines are set to sign a

Union Minister Piyush Goyal while presenting the Interim Budget 2019-20 in the Lok Sabha today, laid out the 10 "most importunate dimensions" of the government's "Vision 2030" saying they will pave the way for the country to turn

Finance Minister Piyush Goyal on Friday announced direct annual income support of Rs 6,000 to farmers with land holding of two hectares.

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said the Pradhan Mantri Fund Scheme has been constituted with an aim to double farmers' income by 2022.

He said Rs 75,000 crore will be

The familiar "red briefcase" made its annual appearance this morning as Union Minister Piyush Goyal smiled for the cameras before presenting the Interim Budget. Down the years, it has not always been red; the briefcase has been black, tan and

Finance Minister Piyush Goyal Friday proposed to increase tax deducted at source (TDS) on rent income to Rs 2.4 lakh from the current Rs 1.80 lakh. Presenting the Budget for 2019-20 in the Lok Sabha, Mr. Goyal also announced that the TDS threshold on interest from bank and post office deposits will be raised from Rs 10,000 to Rs 40,000.

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Finance Minister Piyush Goyal on Friday said the fiscal deficit will be at 3.4 per cent of GDP this year.

Presenting the Budget for 2019-20 in the Lok Sabha, Mr Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.

He

Prime Minister Narendra Modi's government is expected to try and shore up its political support with big ticket farm giveaways and tax cuts for the middle class in its final budget on Friday, months before elections.

PM Modi is facing growing

Presenting the Interim Budget, Finance Minister Piyush Goyal Friday explained some of the key proposals in Hindi, eliciting thumping response from ruling members. Finance ministers traditionally stick to their written speech in English.

During

The fiscal deficit this financial year would be 3.4 per cent of gross domestic product (GDP), slightly higher than the targeted 3.3 per cent, finance minister Piyush Goyal said on Friday while presenting an interim budget.

"Fiscal deficit has been brought down to

The rupee on Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget. Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim

Asserting that inflation is a hidden and unfair tax on the poor and middle class, Finance Minister Piyush Goyal on Friday said the government has restrained the "back-breaking" inflation and brought it down to an average of 4.6 per cent.

The average rate of inflation

Union Minister Piyush Goyal on Friday proposed to increase the gratuity limit to Rs 30 lakh. The gratuity limit has been increased from Rs 10 lakh to Rs 30 lakh, Mr Goyal said while presenting the interim budget for 2019-20 in Parliament. The additional Rs 10 lakh in gratuity comes on the back of a raise of the same magnitude in gratuity by the

Ahead of the Budget presentation by Union Minister Piyush Goyal, junior finance minister Shiv Pratap Shukla hinted at populist measures. "The Narendra Modi government is a popular government, it will take care of all," the Minister of State for

State Bank of India beat expectations and posted its highest quarterly profit in nearly seven years on Friday, as the country's biggest lender by assets set aside lower provisions for bad loans and asset quality improved.

Its net profit was Rs 3,955 crore ($556

Finance Minister Piyush Goyal on Friday said the Narendra Modi-led government had the decisive mandate to continue structured reforms and it was moving towards realising a "New India by 2022".

Presenting the budget for 2019-20 in the Lok Sabha, Goyal

Domestic stock market advances as Union Minister Piyush Goyal presents the interim Budget 2019 amid strong foreign fund inflows. The S-P BSE Sensex surged as much as 296.41 points to touch 36,553.10, while the Nifty50 barometer of the National

The NDA government led by Prime Minister Narendra Modi will ensure that every home across the country gets electricity connection by March this year, Union Minister Piyush Goyal said today in his Interim Budget speech that was seen as a populist budget in an election year.

"Till the year 2014, about 2.5 crore families were forced to live

The government today said a "PM Kisan Samman Nidhi" programme would provide direct income support for small farmers, in one of its widely anticipated announcements ahead of the national election, due by May.

"The government has made a historic plan called

Stock markets are likely to start on a positive note on Friday, ahead of the Budget presentation in Parliament by Union Minister Piyush Goyal. The SGX Nifty was last seen trading 43.5 points, or 0.4 per cent, higher at 10,898.55 on the Singapore Exchange.  The SGX Nifty is an early indicator of the NSE (National Stock Exchange) Nifty in India. On T

Finance Minister Piyush Goyal on Friday said the government has allocated Rs 64,587 crore for railways in the Interim Budget for 2019-20. Presenting the Interim Budget in Parliament, Mr Goyal said: "Indian Railways has experienced its safest

Minister of State for Railways Manoj Sinha on Friday morning said that he was expecting more investment in railways from the Interim Budget for 2019-20, which Finance Minister Piyush Goyal will present in the Lok Sabha at 11 am.

The way the Central government has increased the investment in railways, from installing CCTV cameras to

Prime Minister Narendra Modi has a last-ditch attempt to win voters with possible populist spending measures in tomorrow's budget, risking his debt targets in the process.

PM Modi is feeling the heat after his ruling Bharatiya Janata Party lost control of three key

Finance Minister Piyush Goyal on Friday announced the "Pradhan Mantri Shram Yogi Mandhan", a scheme to provide an assured monthly pension of Rs 3,000 per month for workers in the unorganised sector who earn up to Rs 15,000 per month.

While presenting the

Union Minister of Agriculture and Farmers' Welfare Minister Radha Mohan Singh on Friday asserted that the last five budgets of the Prime Minister Narendra Modi led government have been dedicated to the farmers and this budget shall also be no different.

Speaking to ANI Singh said: The last five budgets have been dedicated to the farmers,

Country's largest lender is finding fear can be a potent weapon in recovering loans.

With 1.8 lakh crore rupees ($25 billion) in bad corporate debt to clean up, State Bank of India is having an easier time negotiating with founders keen to avoid the

Union Minister Piyush Goyal said in his budget speech on Friday that income tax refunds will be processed within 24 hours and released immediately. "Within the next two years, the assessment of all tax returns should be done electronically without any personal

Much-awaited interim budget copies on Friday reached the Parliament.

Finance Minister Piyush Goyal, who examined the final copy of the interim budget document on Thursday evening here, will present the budget in the Lok Sabha at 11 am.

Goyal was appointed interim Finance Minister on January 23 with Arun Jaitley undergoing treatment in the

As part of its effort to give greater chance to foreign workers who have received higher education from the US, the Donald Trump administration on Wednesday formally announced a new rule related to the filing of H-1B visas, asserting that it is more