Farmers seem to be a focus of the Modi government in Interim Budget 2019
01 February, 2019, 11:04
Finance minister Piyush Goyal announced capital expenditure programme of Railways at an all-time high of Rs 1.58 lakh crore in its budget for 2019-20 today, the highest ever for the national transporter, in an effort to put its flagging revenues back on track.
During April-November, India reported a fiscal deficit of Rs 7.16 lakh crore, which translates to 114.8 percent of its full-year target.
Goyal was appointed interim Finance Minister on January 23 with Arun Jaitley undergoing treatment in the United States.
Considering delay in housing projects and also rising interest rates, deduction of interest amount on housing loan for a self-occupied house property may be enhanced to Rs 2.5 lakh from Rs 2 lakh.
As per the current tax slabs, those earning between Rs 2.5-5 lakh a year had to pay 5% Income Tax, Rs 5-10 lakh a year at 20% and over Rs 10 Lakh a year at 30%. The measures, industry and informed sources say, could include those to create employment as the government faces a tag of giving a jobless high GDP growth. In 2018-19, the largest downside to revenues has been from the GST mop up with the shortfall likely at around Rs 1.4 lakh crore.
Presenting the budget in Lok Sabha today, Goyal said Indian Railways has achieved the safest year in its history.
To this principal opposition party Congress had said it will strongly oppose both inside and outside Parliament the presentation of a "full budget" by the BJP-led NDA government as it has "no electoral legitimacy" and the step will go against set precedents and Parliamentary traditions. This may or may not replace subsidies that the farmer gets.
An embassy spokesperson repeated Trump's threat that all who continued to do business with Iran would be subject to USA sanctions. Iran has threatened to pull out of the deal unless the European powers make it possible for it to receive economic benefits.
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India were all out for 92 with 19.1 overs to spare as the dominant form that swept them to a 3-0 series victory disappeared. And sometimes, it's embarrassing losses like this one which are a blessing in disguise in the long run.
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The moves received considerable blowback from his defense and foreign policy establishment, as well as many Republican lawmakers. The measure would be an amendment to a broader Middle East security bill being debated in the Senate.
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If the latest report from Japanese publication Nikkei is true, Nintendo will be taking a big step in that direction in 2019. Ultimate is also on track to become the best-selling entry in the series.
United Nations expert to probe Khashoggis murder
Turkish officials accuse Crown Prince Mohammed bin Salman of having orchestrated the killing, which Riyadh denies. Ankara accused Riyadh of failure to cooperate in the investigation and called for an worldwide probe.
Rand Paul awarded more than $580K after neighbor's attack
When he saw Paul raking another pile of leaves the next day, he confronted Paul, tackled him to the ground and fought with him. Officially, Paul was awarded $7,834.82 for medical costs, $200,000 for pain and suffering and $375,000 in punitive damages.
Warnings upgraded as heavy snow forecast
The wintery conditions show no sign of stopping as a Met Office severe warning remains in place until tomorrow afternoon. Wintry weather could hit during the evening commute as sleet and snow are set to fall across the city this evening.
Facebook to merge WhatsApp, Instagram and Messenger
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Seeyouatmidnight to serve the Scots a Grand National double
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How Technology Has Completely Changed the Way We Spend Money
The Rise of Mobile Payments Over the last few years, all of the major mobile innovators have stepped into the mobile payment game. As of 2016, Apple Pay had 12 million monthly users , a figure which is sure to rise substantially in the coming months and years.