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BUDGET 2019

BUDGET 2019

Photograph by Vivek Dubey

SIAM's budget wish: GST cut on auto, vehicle scrappage scheme

Jun 02, 2019

Bringing down the tax rate will reduce vehicle prices, which will help in spurring demand that has been sluggish for the last 11 months, said an industry executive

TN govt presents tax free budget 2019-20, estimates revenue deficit around Rs 14,300 crore

Feb 08, 2019

"With higher SOTR (state's own tax revenue) growth, coupled with the phasing out of the impact of Ujwal Discom Assurance Yojana (Uday) and pay revision, the state expects to bring down the revenue deficit in the coming years," says Deputy Chief Minister O Panneerselvam

Rs 7.8 lakh crore tax revenues stuck in disputes

Feb 07, 2019

Some of these disputes date back to over 10 years, but a bulk of the amount stuck is from recent years. Of the Rs 7.8 lakh crore, disputes involving Rs 7 lakh crore are less than five years old.

Was infrastructure sector a gainer in the Interim Budget 2019?

Feb 06, 2019

With multitude of announcements in the farming and social sectors, the government was perhaps more constrained to make allocation to the infrastructure sector.

Why the Modi govt needs to be commended for the Interim Budget 2019

Feb 05, 2019

Government has shown good intentions, the key is to now deliver this in letter and spirit.

Education and skilling opportunities in the interim budget

Feb 05, 2019

The interim budget announces various measures like interest subvention on loans to small businesses and village industries; The proposal to transform one lakh villages into digital villages over the next 5 years is expected to generate jobs.

Fiscal deficit touches 112% of FY19 budget target at Rs 6.24 lakh crore during April-December

Feb 04, 2019

At the end of December 2017, the deficit was 113.6 per cent of the Budget Estimate (BE).

Budget 2019: Key hits and misses in taxation

Feb 04, 2019

The salaried class has an additional reason to cheer as the limit of standard deduction, which was re-introduced last year, has been enhanced from Rs 40,000 to Rs 50,000.

'People earning Rs 8-9 lakh annually don't need to pay income tax if they make proper investments'

Feb 03, 2019

The government has proposed to give full tax rebate to individuals having taxable annual income up to Rs 5 lakh with a view to benefitting around 3 crore middle class taxpayers at an estimated revenue sacrifice of Rs 18,500 crore.

Budget 2019: Govt to start disbursing funds under PM-KISAN scheme in February itself

Feb 03, 2019

Finance Minister Piyush Goyal has already earmarked Rs 20,000 crore for disbursal among 12 crore farmers under the scheme in the current financial year.

Budget 2019: Govt may increase Rs 500 per month cash support scheme to farmers in future, says Arun Jaitley

Feb 03, 2019

Arun Jaitley slams Congress President Rahul Gandhi for ridiculing the scheme announced in the Interim Budget for 2019-20 by equating it to Rs 17 a day dole.

Budget 2019: Jaitley hints he won't be back in India to reply to Interim Budget debate in Parliament

Feb 03, 2019

Arun Jaitley missed presenting the sixth and final budget of the Narendra Modi government's present term as he had to fly to the US due to ill health.

Salaried people take note! Here's how you can pay zero tax on income up to Rs 10 lakh

Feb 03, 2019

If you make right investments utilising several tax saving clauses under the Income Tax Act, you can save yourself from paying tax on up to Rs 10 lakh annual income.

UIDAI CEO Ajay Bhushan Pandey said this allocation is based on their requirement and the money allocated will meet the requirements.

Budget 2019: Govt cuts allocation to UIDAI for 2019-20 to Rs 1,227 crore

Feb 03, 2019

UIDAI CEO Ajay Bhushan Pandey said that the allocated money is based on the authority's requirements and is enough to fund its operations in the next fiscal.

Budget 2019: Single window clearance for Indian film-makers is ambiguous

Feb 02, 2019

Though the industry has hailed the announcement, it is not sure if every state will have a department that will give clearances to film makers or whether it will be a single national body.

No surprises but pension scheme for unorganised sector workers a new idea: Kiran Mazumdar-Shaw

Feb 02, 2019

However, Shaw thinks that the patients have been let down because they could have been given some sops as others got Goods and Services Tax exemption on NCD drugs and diagnostics.

Budget Bonanza! With polls round the corner, Modi govt woos farmers, middle class and small firms

Feb 02, 2019

With election nearing, BJP needed a quick fix-a maximum impact but low effort move that would appease the three target groups somewhat. And it did.

Budget 2019 will give impetus to consumer companies to democratise their products

Feb 02, 2019

FMCG companies will need to focus much more on their lower unit packs. Rural consumers as well as lower income groups in urban areas are equally aspirational.

Budget will support consumer spending, boost economic growth, says top US business advocacy group

Feb 02, 2019

"With this budget, growth is likely to improve further and meeting 7.5 per cent real GDP target," says Karun Rishi, president of USA-India Chamber of Commerce.

Budget 2019: BJP thought about women, farmers, banking system; Congress took country for a ride, says Piyush Goyal

Feb 02, 2019

Though many people are calling an election Budget, the Finance Minister believes it takes care of every sector of the economy.

Budget 2019: GST composition scheme for service providers and increase in exemption limits among mega changes for MSMEs

Feb 02, 2019

MSME sector covers 90 per cent of the businesses by volume and is a pivotal sector for India.