Budget 2019 Current Affairs - 2020

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 Read More…

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 Read More…