Budget LIVE | Aim is to widen tax net either directly or indirectly: Sitharaman
Govt to look at lowering duties for properties purchased by women
In her Union Budget speech, Finance Minister Nirmala Sitharaman also proposed to discontinue the quoting of Aadhaar Enrolment ID in place of Aadhaar number with respect to taxation purposes.
"We will encourage states which continue to charge high stamp duty to moderate the rates for all and also consider further lowering duties for properties purchased by women. This reform will be made an essential component of urban development schemes, encourages states with high stamp duty to moderate rates for all, lower duties further for properties purchased by women," she said in the Budget speech.
Floods: FM announces aid to Himachal Pradesh
Himachal Pradesh, which suffered major losses due to floods last year, would be provided aid through multilateral development assistance, Finance Minister Nirmala Sitharaman said during her Budget speech.
Heavy rains triggered floods and landslides in the hill state last year and about 550 people died during the monsoon season. The Himachal Pradesh government has requested the Centre to release Rs 9,042 crore as financial assistance following a post-disaster assessment carried out by a central team.
"Himachal Pradesh suffered extensive losses due to floods last year and our government would provide assistance to the state for reconstruction and rehabilitation through multilateral development assistance," Sitharaman said.