NIP for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life. It aims to improve project preparation and attract investments into infrastructure. NIP includes both economic and social infrastructure projects.
It is a Central Sponsored Scheme by Ministry of Housing and Urban Affairs aimed at providing basic civic amenities like water supply, sewerage, urban transport, parks as to improve the quality of life for all especially the poor and the disadvantaged. Focus is on infrastructure creation to provide better services to citizens. It covers 500 … Read more
The markets ended up by more than 1%. Financial stocks were the main gainers today though gains in stocks from other sectors were good too. Axis Bank, ICICI Bank, SBI, IndusInd Bank: Private banking stocks rose immensely today as buying picked up in the space. SBI Life, HDFC Life: The overall sum assured for the … Read more
Custom Duty Rationalization: Twin objectives: Promoting domestic manufacturing and helping India get onto global value chain and export better. 80 outdated exemptions already eliminated and further review of more than 400 old exemptions. New customs duty exemptions to have validity up to the 31st March following two years from its issue date. Electronic and Mobile … Read more
Budget seeks to further simplify tax administration, Litigation Management and ease compliance of Direct tax administration. Relief to Senior Citizens: Exemption from filing tax returns for senior citizens over 75 years of age and having only pension and interest income. Reducing Disputes, Simplifying Settlement Time limit for re-opening cases reduced to 3 years from 6 … Read more
Fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP and in Revised Estimate (RE) 2020-21 is pegged at 9.5% of GDP – funded through Government borrowings, multilateral borrowings, Small Saving Funds and short-term borrowings. Gross borrowing from the market for the next year to be around 12 lakh crores. Amendment to Fiscal … Read more
For nearly all athletes, there’s a gear that is extremely crucial. If you’re a batsman, your bat is crucial. If you’re a tennis player, your racket might be crucial. But nearly all athletes that play a sport standing up agree on one gear being extremely crucial: shoes. (Just in case you’re wondering which sport isn’t … Read more
This Investment marks new development Bank’s (NDB) first equity investment into india. The Investment aims to support private capital investments in India when indian companies are seeking much – needed equity to achieve their long-term growth. NDB is a multilateral development bank (NDB) established by Brazil,Russia, India,China, and south Africa (BRICS). It’s objectives is to … Read more