Budget 2019 Current Affairs, GK & News

GoI merges three Insurance PSUs

The GoI will merge 3 public Sector Insurance Companies as announced in budget 2019-20. The merger includes United India Insurance Limited, National Insurance Co Limited and Oriental Insurance Company Limited. Highlights The Budget 2019-2020 did not make provision of funds for insurers and the Department of Financial Services. Therefore, the government institutions in the financial ..

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Budget 2019 : Petrol/Diesel Prices

The Union Budget has made the following changes to its hydrocarbon policy for better revenue realization- The Union Budget 2019 has raised the excise duty and the road & infrastructure cess on the auto fuel by Rs 2 each. This will raise an additional Rs 28,000 crores for the Indian government. The Import of petrol ..

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Interim Budget 2019: Changes in Income Tax Regime

The Union Minister of Finance Piyush Goyal presented the interim budget. The changes proposed related to the income tax regime are listed below: The Finance Minister has increased the tax slab for zero tax to Five Lakh rupees and the standard deduction introduced in the 2018 budget has been increased to Fifty thousand rupees from ..

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