Government and Policy

The Eastern Economic forum has been meeting since 2015 to discuss business and investments in Russia's far east region. Putin had also mentioned in his recent address to Kremlin that PM Modi and Japan's Shinzo Abe will be attending the EEF this year.

In February 2019, Government of India had decided to impose a 200% customs duty on all the goods imported from Pakistan.

Finance Minister has announced setting up of a Social Stock Exchange to allow social organisations to raise capital.

The duty would be levied on both the uncoated paper used for printing of newspapers and lightweight coated paper used for magazines.

Receipt and expense figures of the union budget 2019

Angel Tax is a 30% tax that is levied on the funding secured by startups from an external investor

Rajkumar was a financial agent from Idukki who arrested by the Nedumkandam police for suspected financial fraud on June 12. He was held in custody and allegedly tortured by the police.

Nirmala Sitharaman added that 1.5 crore rural homes have been completed under PMAY phase I till now and 1.95 crores more houses to be provided to eligible beneficiaries in phase 2 now by 2022. 

Union Finance Minister added that  India is now the sixth largest economy in the world in just five years from being the 11th largest in 2014. 

 Nirmala Sitharaman surprised all when she appeared without the usual leather briefcase that has become so symbolic with Finance Ministers arriving on Budget days.