New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today.  While addressing at the Lok Sabha, Nirmala Sitharaman said, "Government has been following policy of disinvestment in non-financial public sector undertakings, maintaining government's stake not to go below 51%. Government is considering, in case where undertaking is still to be retained in government control, to go below 51% to an appropriate level on case to case basis." "India's sovereign external debt to Gross domestic product (GDP) is among the lowest globally at less than 5%. Government will start raising a part of its gross borrowing program in external markets in external currencies," she added.

Budget 2019: India's sovereign external debt to GDP is among lowest, globally at less than 5%, says Sitharaman

Biocon Group Chairperson Kiran Mazumdar-Shaw was conferred the prestigious Jamsetji Tata Award by the Indian Society for Quality (ISQ) on Saturday for pioneering the biosciences movement in India.
"This award holds a very special meaning to me as it is named after one of India's greatest visionaries - a man whose legacy of excellence, innovation, and nation-building continues to inspire us all. Jamsetji Tata's commitment to quality and his belief in the transformative power of industry to serve society resonate deeply with my own journey," said Mazumdar-Shaw.
The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society.
The Award was announced at the ISQ Annual Conference 2024, held in Bengaluru.
Mazumdar-Shaw received the award from Janak Kumar Mehta, President of ISQ and Chairman and Managing Director, TQM International.
"This Lifetime achievement award is being presented to Kiran Mazumdar-Shaw for being

The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society

Kolkata-based jewellery retail chain Senco Gold Limited said it raised Rs 459 crore through a Qualified Institutions Placement (QIP) by allotting 40.8 lakh equity shares.
The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115, Senco Gold said in a regulatory filing on Friday evening.
Post the QIP, the company's paid-up equity share capital has increased to Rs 81.80 crore, comprising 8.18 crore shares, from Rs 77.72 crore (7.77 crore shares), the company added.
Among the major allottees, four funds under Tata AIA Life Insurance Co. grabbed 14.49 per cent of the issue size. On a standalone basis, Tata Multicap Fund received the largest portion with 8.77 per cent of the issue size, followed by Tata AIA Life Insurance Co. Ltd's Emerging Opportunities Fund (6.40 per cent) and ICICI Prudential Life Insurance Co. Ltd (6.54 per cent).
Other significant investors ...

The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115

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Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday said here that all elections in the country happening at the same time through 'One Nation One Election' concept will provide more time for development.
In the event of elections occurring every three months in the country, the rulers "will have to work only for polls", he stated.
CM said this in view of Union Cabinet's approval of bills drafted to implement 'One Nation One Election' plan.
"There will be more time for development if all the elections in the country happen at once under One Nation One Election concept," a press release quoted Naidu as saying.
He made these remarks when he visited Sri Busameta Venkateswara Swamy temple located at Dokiparru village in Krishna district's Gudlavalleru mandal. He also noted that by 2047 India will be a top country in the world and Andhra Pradesh a top state in the country.
Further, the CM appealed to industrialist PV Krishna Reddy, who welcomed him to the temple fair, to upli

He made these remarks when he visited Sri Busameta Venkateswara Swamy temple located at Dokiparru village in Krishna district's Gudlavalleru mandal

Union Home Minister Amit Shah on Saturday said the Modi government is firm that there will be no tinkering with the current reservation system in the country as he charged the Congress with weakening the quota for SCs, STs and OBCs by giving it to Muslims.
Participating in the "Agenda Aaj Tak 2024", he also said the country will be free of the problem of Naxal violence by March 31, 2026.
Shah also said the government is talking to both Meitei and Kuki communities in Manipur and expects to find a solution to the current situation.
"Our government is firm that there will be no tinkering with the current reservation system in the country. It was the Congress which weakened the quota for SCs, STs and OBCs by giving it to Muslims," he said.
The home minister further said, "By March 31, 2026, India will be free from the Naxal problem. I strongly believe that. Security forces are working in that direction".
The home minister said barring a few districts, Naxal violence has come to an end

Participating in the "Agenda Aaj Tak 2024", he also said the country will be free of the problem of Naxal violence by March 31, 2026

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

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Budget 2019: India's sovereign external debt to GDP is among lowest, globally at less than 5%, says Sitharaman

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