The National Cyber Coordination Centre chief, Lt Gen (Retd) Rajesh Pant, sounded the alert while pegging the global economic loss due to cybercrime in 2020 to $6 trillion
Budget 2020: Anand Mahindra said that since our growth forecast pegs India's growth rate at 5 per cent, India will fall behind China again
The first half of Modi 1.0 witnessed the Railways struggling with growing staff and increasing pension costs after the execution of the Seventh Pay Commission and low earnings
While Budget 2019 has occasionally distinguished between ease of living and ease of doing business (in case of farmers, for example), it has more or less continued to focus on the issues outlined above in a comprehensive manner
Union Budget 2019: Once this proposal will get green light in the Parliament, individuals will be able to use Aadhaar cards instead of PAN cards to conduct financial transactions, for instance, mutual fund investments, buying gold, and others.
Union Budget 2019: With an aim to promote the usage of electric vehicles, a taxpayer will now get an additional tax deduction of Rs 1.5 lakh under section 80EEB on the interest he or she pays on a loan taken to purchase an electric vehicle, provided the loan must be sanctioned between 1st April 2019 to 31st March 2023 and the taxpayer does not own any other electric vehicle on the date of sanction of loan.
While the Budget did not provide much incentive to middle or lower income group, it is hard hitting for the super-rich. True to the intent of the Government, the Budget focusses on increasing tax compliance and at the same time easing the processes.
In order to incentivise and give thrust to electric vehicles sector, customs duty on specified parts required for the manufacture of EVs has been brought down to nil.
Budget 2019: The government has lowered the fiscal deficit target to 3.3 per cent of the GDP as it is expecting net additional revenue of Rs 6,000 crore over the interim Budget estimates.
Budget 2019: The Budget speech trivialising the issue said "To resolve the so-called 'angel tax' issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums".
Despite the list of achievements of Modi 1.0 that Sitharaman talked about, and the new targets she laid out - in terms of piped water to rural households, a common power grid etc - there was actually no tough decision or new idea that the Finance Minister announced
Sitharaman in her Budget on Friday announced a series of steps to give relief to non-banking financial companies facing cash crunch following the collapse of IL&FS last year
Kiran Mazumdar-Shaw, the chairperson of Biocon, feels the Budget should have taken measures to address needs and concerns of large industries in India
The budgetary estimate for the Agriculture Ministry for 2019-20 is 140 per cent higher than that for 2018-19 at Rs 57,600 crore, primarily due to Rs 75,000 crore allocation to PM-Kisan
Key pillars on the roadmap to becoming a $5 trillion economy include ensuring an accelerated economic development and related job creation
Budget 2019: The Finance Minister while presenting the Union Budget 2019 on Friday laid out a plan to make the country a manufacturing hub of electric cars, as part of which, the government will allocate funds for building infrastructure for encouraging the purchase of electric cars.
Budget 2019: The Union Budget 2019 has made a clear demarcation between the traditional automobile industry- the one that uses internal combustion engine and uses fossil fuel, and the nascent electrical vehicle fraternity.
The Railways has received the highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore; last year, the outlay for the railways was Rs 1.48 lakh crore
Apart from making "pre-filled tax returns" available to taxpayers, which will contain details such as salary income, capital gains from securities, bank interests, tax deductions, dividends and the like, Sitharaman proposes to simplify tax laws and enable interchangeability of Aadhaar and PAN Card
Arun Jaitley says PM Modi's first tenure witnessed a mixed blend of both "good economics and good politics"
Budget 2019: The minister said that "as the world's third largest domestic aviation market, the time is ripe for India to enter into aircraft financing and leasing activities from Indian shores."





