Finance Minister Nirmala Sitharaman’s ‘bahi khata’ makes a comeback as she gets ready to present her second Budget

Finance Minister Nirmala Sitharaman again opted for a bahi khata, a ledger wrapped in a red-coloured cloth, as she arrived in Parliament to present her second Budget. Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata while presenting her full Budget in 2019. The […]

Budget 2020: Nirmala Sitharaman’s second budget may have tax cuts, sops to spur growth

Union finance minister Nirmala Sitharaman will present her second budget on Saturday seeking to revive a sagging economy and spur consumer demand as she is expected to increase spending on infrastructure and cut taxes. Nirmala Sitharaman will be aiming to get growth back up with the economy staring at the worst pace of expansion recorded in […]

‘Uncle will shoot us’: Twins yet to recover from trauma of Farrukhabad hostage crisis

Ten-year-old twin sisters Ganga and Jamuna are yet to recover from the nearly nine-hour trauma they underwent during the hostage crisis at Karthia village in Farrukhabad district on Thursday night, their father said on Friday. A murder accused, Subhash Batham, had held 23 children, including the twins, hostage in the basement of […]

Tax revenue, disinvestment target: Experts shed light on focus areas of Budget

The Union Budget is a virtual smorgasbord of numbers, but here’s what some top economists will be looking at (and why) when the finance minister presents the finance bill on Saturday. The ones most pick: disinvestment target; tax revenue; government expenditure (especially capital expenditure); and the primary deficit. Maitreesh Ghatak, Professor, […]

2-day nationwide bank strike for wage revision begins, services hit

Bank employees from across the country on Friday participated in the two-day nationwide bank strike to press for wage revision and other demands. Several states including West Bengal, Bihar, Maharashtra, Tamil Nadu are witnessing the protests, hitting services like cash deposits, withdrawals and cheque clearances. All India Bank Employees’ Association […]