CEA Krishnamurthy Subramanian said that one of the measures on the table is aimed at easing personal taxation and making the whole tax administration simpler.

PM can now say he has come to Texas promising lower Taxes, says Jairam Ramesh. \"Is this his 'Trump card'?\" he asks

S&P Global Ratings has said that the breach could be temporary because IDBI Bank is in the process of raising capital from the Indian government and LIC to clean up its balance sheet and replenish its capitalisation

The government plans to borrow nearly $10 billion from the foreign overseas market, out of total planned borrowing of about $103 billion in 2019/20.

Raghuram Rajan is just one of the many voices against Finance Minister Nirmala Sitharaman's plans.

Finance Minister Nirmala Sitharaman unveiled the proposals while presenting the budget for the fiscal year ending March 31, 2020 to parliament

The rupee pared early losses Friday to settle 8 paise higher at 68.42 against the US dollar as market participants said fiscal deficit and gross borrowings announced in the budget were broadly in-line with expectations.

The onus is on Modi 2.0 is thus to put the wheels into motion again so that the economy rides back on the growth path sooner.

As the first budget of Modi's historic second term dawns near, let's look at what average Indians, both entrepreneurs and the salaried class, expect from the Government.

The finance minister has started seeking views from the general public on Budget 2019 with a view to making it more participative and inclusive and has been receiving an overwhelming response from people. One will have to wait and watch till July 5, 2019, to see what they deliver in the budget.

Budget 2019: The Finance Minister could do a lot on the GST side since it is still a work in progress. She can rationalise the GST structure which at the moment is applicable to both the supply of the good i.e. gold and on its service i.e. the manufacture of the gold jewellery.

Union budget 2019: As part of the ritual, 'halwa' is prepared in a big 'kadhai' (large frying pot) and served to the entire staff in the ministry

This year's Union Budget, which is about two weeks away, will be presented by the newly appointed Finance Minister Nirmala Sitharaman on July 5. She is the country's first full-time women finance minister to present India's budget.

Share Market Live:Earlier in the day, Sensex gained 1,000 points to breach the historic 40,000 mark for the first time ever. Nifty too crossed the key 12,000 mark and set a new record for the index's new high on the back of early counting in Lok Sabha election indicating PM Narendra Modi was set to storm back to power with a thumping majority.

With Budget 2019 done and dusted, all eyes now rest on the central bank as to how it will react on Budget announcements in its policy review. Piyush Goyal is scheduled to address customary post Budget meeting with RBI board on February 9.

The BSE Sensex climbed 212.74 points, or 0.59 per cent, to finish at 36,469.43, while the broader NSE Nifty rose 62.70 points, or 0.58 per cent, to 10,893.65.

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal sought to address some of the distress that the farm sector has been facing.