Union Finance Minister Nirmala Sitharaman has announced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. However, there would be no additional burden on the consumer overall as Sitharaman during Budget presentation also proposed to reduce […]
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Union Finance Minister Nirmala Sitharaman proposes to increase FDI limit to 74 pc in insurance companies
Union Finance Minister Nirmala Sitharaman on Monday proposed to amend the Insurance Act 1938 to increase the permissible Foreign direct investment (FDI) limit from 49 percent to 74 percent in insurance companies and allow foreign ownership and control with safeguards. During her budget speech, Finance Minister said: “I propose to […]
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Nirmala Sitharaman meets President ahead of Union budget presentation
Union Finance Minister Nirmala Sitharaman and her team met President Ram Nath Kovind before presenting her third budget on Monday. She was accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry. “Finance Minister Nirmala Sitharaman, MoS Finance & Corporate Affairs Anurag Thakur, and senior officials of the Ministry of Finance, called on President Kovind at […]