The rupee 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.
With the BJP losing three Hindi heartland states to the Congress in the recent Assembly elections and general elections around the corner, the Modi government is planning to give a big relief package to distressed farmers, which may include Direct Investment Support (DIS), interest-free loans and nominal premium for crop insurance. The announcement for this is likely to be made in Budget 2019.
Are you planning to take a home loan or planning to take one then PM Narendra Modi is likely to give you a big gift via Budget 2019. Not only you will get more tax concession on the home loan, but you may get some subsidy on the interest that may reduce your EMIs.
Facebook and Twitter have taken down multiple Pages, groups and accounts from Iran, Russia, Bangladesh and Venezuela that engaged in coordinated inauthentic behaviour on their platforms.
Income tax concessions for individuals, a farm relief package, support for small businesses and possible populist spending measures may be part of the Budget that Finance Minister Piyush Goyal will present Friday as the government makes a last-ditch attempt to woo voters ahead of the general elections.
India's unemployment rate hit a 45-year high of 6.1 per cent in 2017, according to a report based on an official survey, which the government said was yet to be approved.
Besides paying more for building materials, movie tickets and alcohol, people in Kerala will now pay a one per cent additional cess on all items falling under the 12, 18 and 28 per cent GST slabs for the next two years, Kerala Finance Minister Thomas Issac said on Thursday while presenting the budget.
With Rahul Gandhi throwing down the gauntlet at the ruling BJP dispensation saying that he will usher in a minimum income guarantee scheme if he comes to power, Prime Minister Narendra Modi may be compelled to roll out a Universal Basic Income scheme for the poorest of the poor. The announcement could be made in Budget on Feb 1.
PM Narendra Modi is likely to use Budget 2019 to get hold on rural voters before the elections. It is expected that the Budget may announce Rs 18000 per annum help for the rural poor. The income will be transferred directly into the accounts of the beneficiaries.