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TMC leader Derek O'Brien on Union Budget:  A "super flop"
TMC leader Derek O'Brien on Union Budget: A "super flop"

New Delhi: Trinamool Congress (TMC) leader Derek O'Brien today termed the Union Budget as a "super flop" and a "dying declaration" of a government whose "time is up".

His comments came after Finance Minister Arun Jaitley presented the 2018-19 Budget in the Lok Sabha. This is the g

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Budget development-friendly, will strengthen 'new India' vision: PM Narendra Modi
Budget development-friendly, will strengthen 'new India' vision: PM Narendra Modi

New Delhi: Prime Minister Narendra Modi today termed the Union Budget for 2018-19 "development-friendly" and said it will strengthen the vision of a 'new India'.

Congratulating Finance Minister Arun Jaitley and his team, Modi said farmers, Dalits and tribal communities will gain from the budget.<

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Orissa HC grants conditional bail to TMC MP Tapas Paul
Orissa HC grants conditional bail to TMC MP Tapas Paul

Cuttack: The Orissa High Court today granted conditional bail to Trinamool Congress (TMC) MP Tapas Paul, who was arrested by the Central Bureau of Investigation (CBI) for his alleged role in the Rose Valley Group chit fund scam.

Justice J P Das directed the TMC leader, who was arrested in Kolkata on December

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N Korean athletes to fly South for Winter Olympics
N Korean athletes to fly South for Winter Olympics

Seoul: North Korean skiers and skaters were due to arrive in the South today to take part in the Pyeongchang Winter Games, setting the stage for a "peace Olympics" after a year of high tensions over Pyongyang's nuclear programme.

Eight days before the opening ceremony, 10 North Korean skiers and

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President and Vice-President, besides Governors salaries hiked
President and Vice-President, besides Governors salaries hiked

New Delhi: The salaries of the President and the Vice President have been increased to Rs 5 lakh and Rs 4 lakh per month respectively, in a rectification of an anomaly.

Announcing the hike in their salaries in his Budget speech, Finance Minister Arun Jaitley said the emoluments of the President, the Vice Pres

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Nikki Hailey says Sky is the limit for India-US relationship
Nikki Hailey says Sky is the limit for India-US relationship

Washington: Sky is the limit for the US-India relationship and President Donald Trump is keen to see the two countries doing more together, US Ambassador to the UN Nikki Haley has said.

Haley's remarks came during her luncheon meeting with the Indian Ambassador to the US, Navtej Singh Sarna, at his reside

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Govt to develop 2 defence industrial corridors
Govt to develop 2 defence industrial corridors

New Delhi: The government will develop two defence industrial production corridors and bring out an industry-friendly military production policy to promote the defence industry, Finance Minister Arun Jaitley said today.

In his budget speech here, he appreciated the role played by the armed forces in meeting c

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Rs 40,000 tax deduction on transport, medical expenses for salaried
Rs 40,000 tax deduction on transport, medical expenses for salaried

New Delhi: Giving a relief to salaried class, Finance Minister Arun Jaitley today proposed a standard deduction of Rs 40,000 in lieu of transport allowance and medical reimbursement entailing a revenue sacrifice of Rs 8,000 crore.

The minister, however, did not propose any change in the tax slabs or rates for

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Chidambaram claims Jaitley fails fiscal consolidation test
Chidambaram claims Jaitley fails fiscal consolidation test

New Delhi: Congress leader P Chidambaram today said Finance Minister Arun Jaitley had failed the fiscal consolidation test in Budget 2018-19 and this would have serious consequences.

The former finance minister said the fiscal deficit limit of 3.2 per cent in 2017-18 had been breached and was estimated at 3.5

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Govt introduces long-term capital gains tax on equities
Govt introduces long-term capital gains tax on equities

New Delhi: The government today introduced long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh, sending the markets tumbling.

Presenting the Budget proposals for 2018-19, Finance Minister Arun Jaitley said returns from the stock market are quite attracting and it was time to b

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