The government has planned to form a holding company named the Indian Railway Rolling Stock Company, like CRRC Corporation Limited of China, that will independently control and manage the private companies.
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Petrol and diesel prices have gone up by ₹2 per litre all over India after announcement by the finance minister, Nirmala Sitharaman, about imposition of excise duty of ₹1 and road and infrastructure cess of ₹1 per litre on both petrol and diesel in the Union Budget 2019.
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The Union Budget allocation for the Indian space programme is estimated to go up by 11 per cent to about ₹12,473 crore, which is revised from the estimate of around ₹11,200 crore in 2018-19.
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The government unveiled the full-fledged Union Budget for the current financial year, on Friday. Union finance minister Nirmala Sitharaman presented her maiden Budget in Parliament.
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Union finance minister Nirmala Sitharaman tabled the economic survey in Parliament, on Thursday, which projected gross domestic product growth at 7 per cent in the 2019-20 fiscal year from an estimated 6.8 per cent in the previous year.
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In order to reach out to minority communities, the Narendra Modi government has set a new target – to give out scholarships to five crore students from those communities in the next five years. The scheme will have a big focus on girls.
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According to media reports, the Centre has directed the state governments to expedite the list of farmers eligible for the dole in their respective states.
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The Narendra Modi government has presented the interim Union Budget for 2019-20 that primarily focused on wooing the middle class, workers from the unorganized sector and farmers, ahead of this year’s Lok Sabha election, which is about two months away.
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Arun Jaitley, the finance minister, will not present the Narendra Modi government’s last Budget on February 1, as he left for the United States for a medical check-up. Piyush Goyal, railway and coal minister, has been given temporary charge of the finance ministry.
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