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UNION BUDGET 2019

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Updated : Mar 13, 2021

Country's cybersecurity critical for its growth, says NCCC chief Rajesh Pant

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 asks FM Sitharaman for a blockbuster budget
Updated : Jan 20, 2020

Budget 2020: Anand Mahindra asks FM Sitharaman to surprise world with a 'blockbuster' budget

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

Indian Railways reported a drop in profitability during the first 5 years of Modi govt
Updated : Dec 3, 2019

Indian Railways' profitability decreased 7.8% under Modi govt's first term

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

Updated : Jul 12, 2019

Smart Cities, National Urban Livelihood and more; Budget 2019 has a lot to ensure ease of living

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: Finance Minister Nirmala Sitharaman in her Budget speech last Friday had announced that taxpayers who don't possess a PAN card (Permanent Account Number) can now file Income Tax returns using Aadhaar Card also.
Updated : Jul 8, 2019

Union Budget 2019: New Aadhaar, PAN Card rules you need to know to pay your income tax

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: Financial experts and economists may assess the Budget based on complex parameters; however, relief with respect to taxation is the only thing which matters to most of the taxpayers.
Updated : Jul 8, 2019

Union Budget 2019: Everything a common man should know about

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.

With a view to increase compliance, the Budget provides for compulsory filing of tax return for specified category of taxpayers covering individuals with high-value transactions.
Updated : Jul 8, 2019

Union Budget 2019: Nirmala Sitharaman gives no relief to individual taxpayers, disappoints super-rich

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.

On the Indirect tax front, Finance Minister Nirmala Sitharaman has brought some radical changes in customs duties driven by the idea of promoting ‘Make in India’ initiative of the government.
Updated : Jul 8, 2019

Union Budget 2019: Changes in indirect taxes that you must know about

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 Reserve Bank of India has been made regulator of housing finance firms as well, replacing the National Housing Bank
Updated : Jul 8, 2019

Nirmala Sitharaman to address post-budget RBI board meet on Monday

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 added that the issue of establishing identity of the investor and source of investors' funds would be resolved by putting in place a mechanism of 'e-verification'
Updated : Jul 7, 2019

Angel tax woes to continue as Budget 2019 offers little clarity

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".

Updated : Jul 6, 2019

Budget 2019: Old wine in old bottles

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

Updated : Jul 6, 2019

NBFC crisis has bottomed out; govt, RBI will closely monitor situation: FM

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

Updated : Jul 6, 2019

Budget 2019: India Inc disappointed; much-awaited boost to healthcare missing

Kiran Mazumdar-Shaw, the chairperson of Biocon, feels the Budget should have taken measures to address needs and concerns of large industries in India

Updated : Jul 6, 2019

Budget 2019: What Nirmala Sitharaman offers to agriculture sector

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

Updated : Jul 6, 2019

Budget 2019: Key to becoming $5 trillion economy lies in new age skills

Key pillars on the roadmap to becoming a $5 trillion economy include ensuring an accelerated economic development and related job creation

Budget 2019: The minister announced the reduction of GST on EVs to 5 per cent from 12 per cent
Updated : Jul 6, 2019

Can the Budget push boost electric car market?

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 slowdown has impacted the entire value chain of the industry- from the brick and mortar ancillary suppliers to the dealer community
Updated : Jul 6, 2019

Budget 2019 pits EV lobby against conventional auto industry

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.

"This is a budget for 130 crore Indians, rich or poor, for entrepreneurs, for the industry, promoting new work and opportunities," said Railway Minister Piyush Goyal.
Updated : Jul 6, 2019

Budget 2019: Railways get budgetary allocation of Rs 65,837 crore; govt to focus on PPP mode for faster development

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

Updated : Jul 6, 2019

Budget 2019: Filing income tax returns to be made easier with pre-filled forms

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

Updated : Jul 6, 2019

Arun Jaitley terms Budget 2019 blend of good economics, good politics; roadmap for economy to get back on track

Arun Jaitley says PM Modi's first tenure witnessed a mixed blend of both "good economics and good politics"

Budget 2019: Aviation sector experts say that this is not the first time MRO services have found a mention in the Budget speech
Updated : Jul 6, 2019

Budget 2019: Develop domestic capabilities to boost aviation

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."