Finance minister Nirmala Sitharaman promised to put more money in people’s pockets and announced measures to boost the income of farmers as she delivered her longest-ever Budget speech today. Stay with TOI for live updates
Union finance minister Nirmala Sitharaman will present her second Union Budget on Saturday. Budget includes detailed statement of the estimated revenues and expenditures to be incurred by the government in a particular fiscal year. Stay here for important and quick updates on the Centre’s most important business-centric presentation:
IIT-Kanpur alumnus Arvind Krishna will lead IBM– which posted annual revenue of $80 billion in 2018 — from April 6, when CEO Virginia Rometty steps down from that position. The company’s share price rose by 5% in opening trade in the US following the announcement.
Air India on Friday afternoon sent a double-decker Jumbo 747 to Wuhan from Delhi. After a delay, boarding finally began at Wuhan around 10.30pm (IST). Air India said another special plane might be sent on Saturday.
Special prosecutor Irfan Ahmed said that Mukesh had exhausted all his constitutional and legal remedies and the mercy plea of another convict Vinay Kumar Sharma was pending. In case of the other two, Pawan and Akshay, there weren’t any pleas pending.
The author of the Economic Survey argues strongly that India’s civilizational ethos has celebrated wealth creators and that this is what had allowed the country to be the “dominant economic power globally” for “more than three-fourths of known economic history”.
An alert police constable helped avert a major tragedy after he noticed terrorists hiding inside a “cavity” in a truck — driven by the Pulwama suicide bomber’s cousin — that was intercepted for a routine check at Bann toll plaza near Nagrota, about 28km from Jammu city, early on Friday.
A cut in personal income tax, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of finance minister Nirmala Sitharaman’s “feel-good” second Budget. Facing the worst economic slowdown in more than a decade, Sitharaman is expected to pull out all stops to spur consumer demand and investment.
As the United States, Japan and others tightened travel curbs to virus-hit China, Chinese Ambassador Chen Xu insisted there was no need for countries to impose “excessive measures”. The Coronavirus outbreak has infected nearly 10,000 people, making it a global emergency. Russia, Britain, Italy reported their first cases with global death toll rising over 200.
The Board of Control for Cricket in India (BCCI) on Friday announced the appointment of its Cricket Advisory Committee. The three-member committee comprises Madan Lal, Rudra Pratap Singh and Sulakshana Naik. The term of appointment will be for one year.