Sunday , 15 September 2019
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FM-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

New Delhi: Finance Minister Nirmala Sitharaman will brief the RBI’s central board on Monday on Budget measures and sources said the upcoming sovereign bonds, NBFC issues and RBI dividend will figure in the discussion at the Central Board meeting. Though the meeting is taking place under the customary Budget briefing, the discussion will take place on the government’s intent to …

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Delhi-Lucknow Tejas Express set to be first train to be run by pvt operators

New Delhi: The Delhi-Lucknow Tejas Express is set to be the first train to be operated by private players, sources said Monday, indicating that the Railways is going ahead with its 100-day agenda of handing over operations of two of its trains to the private sector, despite protests from its unions. The Railway Board is deliberating on a second such …

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Over 3.81 lakh new jobs created in central govt departments in last two fiscals

New Delhi: Amid a chorus over lack of employment opportunities, the central government said it has generated over 3.81 lakh jobs in the last two fiscals in its different organisations, according to the Budget 2019-20 documents. The strength of government establishments was 32,38,397 as on March 1, 2017, which increased to 36,19,596 by the same date in 2019 —an increase …

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Petrol, diesel, gold and silver set to be dearer

PTI New Delhi A large number of items including petrol, diesel, gold, silver, cigarettes, fully-imported cars and split air conditioners (ACs) will become more expensive due to hike in taxes, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2019-20. At the same time, certain items such as electric vehicle components, camera module and charger of mobile …

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Rs 62,398 cr outlay for health sector

PTI New Delhi Union Finance Minister Nirmala Sitharaman on Friday announced Rs 62,659.12-crore outlay for the health sector in the 2019-2020 fiscal, the highest in the last two financial years. The budgetary allocation of Rs 6,400 crore was earmarked for the Centre’s flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY). The health outlay this fiscal saw …

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MGNREGA, PMAY allocation dip slightly

PTI New Delhi The government has raised the budgetary allocation for flagship welfare schemes under the Rural Development Ministry to Rs 1.17 lakh crore and reduced funds for rural employment scheme MGNREGA and PMAY (rural) for the 2019-2020 fiscal. The revised estimate for rural welfare schemes in 2018-19 was Rs 1.12 lakh crore. According to the budget document, the allocation …

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‘Raise retirement age, merge schools as India ages fast’

PTI New Delhi Sounding a note of caution, the Economic Survey Thursday said India is set to witness a sharp slowdown in population growth over the next two decades, and suggested raising retirement age and merging schools as there would be less children. Although the country as a whole will enjoy the ‘demographic dividend’ phase, some states will start transitioning …

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Refrain from nudging lenders to pump-prime economy: Urjit Patel

IANS Mumbai Former Reserve Bank of India Governor Urjit Patel has warned against the temptation to deploy public sector banks to kick-start growth via mass-scale lending without proper regulations, as it has the potential to flare up the non-performing asset (NPA) situation again. According to Patel’s presentation to the Stanford University’s 19th Annual Conference on Indian Economic Policy, Temptation to …

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Policy measures needed to cut EV ownership costs

IANS New Delhi To promote electric vehicles (EVs) in India, the Economic Survey 2018-19 has recommended that the government frame appropriate policy measures to lower the costs involved in their overall lifetime ownership. According to the Survey, EVs hold enormous potential not only “because it is environment-friendly but also because India can emerge as a hub of manufacturing” which will …

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Govt hikes paddy MSP by `65 per qtl for 2019-20

PTI New Delhi The Centre Wednesday hiked the minimum support price (MSP) for paddy marginally by Rs 65/quintal to Rs 1,815 for the 2019-20 crop year, while rates for oilseeds, pulses and other cereals were raised substantially. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will help farmers take a call on which kharif (summer) crop …

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