Budget 2019-20

Showing of 1 - 20 from 327 results
Budget 2019-20 - Total results - 327
No plans to revise fiscal deficit target at the moment, decision to be taken before next Budget, says Nirmala Sitharaman
Business

No plans to revise fiscal deficit target at the moment, decision to be taken before next Budget, says Nirmala Sitharaman

In the biggest reduction in 28 years, the government on Friday slashed corporate tax by almost 10 percentage points

RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources
Business

RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources

The government will get a bonanza of around Rs 86,000 crore over and above the budgetary provision of Rs 90,000 crore from the RBI

Nirmala Sitharaman's booster shot for economy, sops for auto sector; all this and more from Moneycontrol Pro
Business

Nirmala Sitharaman's booster shot for economy, sops for auto sector; all this and more from Moneycontrol Pro

India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth
Business

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth

Giving in to the demands of overseas investors, Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

FPI surcharge removal, stimulus measures likely to boost markets, jumpstart growth, say experts
Business

FPI surcharge removal, stimulus measures likely to boost markets, jumpstart growth, say experts

Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

Public listing of Life Insurance Corporation of India on cards; dilution to happen with sale of small tranche, says report
Business

Public listing of Life Insurance Corporation of India on cards; dilution to happen with sale of small tranche, says report

The process is in the early stage and has been discussed within the government, sources were quoted as saying in media reports

Sovereign external borrowing: A tightrope walk for Narendra Modi govt amid debate on its efficacy
Business

Sovereign external borrowing: A tightrope walk for Narendra Modi govt amid debate on its efficacy

The government's plan to mobilise funds through overseas sovereign bonds has triggered a debate on its efficacy

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds; concerns raised by experts
Business

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds; concerns raised by experts

The PMO has asked the Finance Ministry to examine the concerns raised by formers RBI governors and deputy governors on the issuance of such bonds

SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus fund transfer
Business

SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus fund transfer

Last week, a SEBI employees' body had reportedly sent a letter to Sitharaman opposing the Budget proposal that seeks to transfer 75% of the regulator’s surplus funds to the Consolidated Fund of India.

Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings
Business

Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings

The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said on Monday

Budget 2019: FMCG sector disappointed over lack of big announcements to revive consumption; govt measures for rural push give some hopes
Business

Budget 2019: FMCG sector disappointed over lack of big announcements to revive consumption; govt measures for rural push give some hopes

Other FMCG products such as soap, toothpaste and hair oil now come under 18 percent tax bracket against the previous 23-24 percent rate.

Parliament Updates: Don’t let bad policies kill farmers, says Congress MP; CPI's Binoy Visvam calls Budget 'document of illusions'
Politics

Parliament Updates: Don’t let bad policies kill farmers, says Congress MP; CPI's Binoy Visvam calls Budget 'document of illusions'

Parliament Updates: Speaking on the Union Budget in the Rajya Sabha, which has been disrupted by protests from the Opposition for two days, Congress leader P Chidambaram said that the current Budget presented by Finance Minister Nirmala Sitharaman was "not a bold one".

Budget 2019: Proposal to remove ambiguity on tax neutrality of demerger is a positive move in right direction
Business

Budget 2019: Proposal to remove ambiguity on tax neutrality of demerger is a positive move in right direction

The taxpayer’s position for claiming tax neutrality for the entire transaction of demerger has been a matter of concern due to compliance with the applicable accounting framework.

FPIs can opt for corporate route to avail lower surcharge; hike is to provide benefit to taxpayers at lower end of slab: CBDT chief
Business

FPIs can opt for corporate route to avail lower surcharge; hike is to provide benefit to taxpayers at lower end of slab: CBDT chief

Experts said surcharge on capital gain on companies is lesser and, therefore, these FPIs could choose to come as a company, if they wanted to pay a lesser surcharge.

Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody
Business

Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody

The government has re-calibrated and fixed the direct taxes collection target for this financial year at Rs 13.35 lakh crore, a task that the CBDT chief said is difficult but achievable

Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?
Business

Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?

Echoing Prime Minister Narendra Modi, Sitharaman said in her Budget speech that India would be a $5-trillion economy in 5 years.

Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings
Business

Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings

India's budget outlined some reforms that could support the economy, but its fiscal stance was left broadly unchanged with no plans for meaningful consolidation, Fitch Ratings said on Wednesday

Aadhaar-PAN linking deadline remains 30 September 2019; here's how to link your biometric card with PAN
Business

Aadhaar-PAN linking deadline remains 30 September 2019; here's how to link your biometric card with PAN

The interchangeability of Aadhaar and PAN as mentioned by the finance minister does not mean there is a relaxation of rules with regard to either

India faces continued fiscal challenges, despite lower deficit target: Moody's
Business

India faces continued fiscal challenges, despite lower deficit target: Moody's

Weak growth prospects for India will complicate the government's fiscal consolidation efforts, weighing on the sovereign's credit quality, Moody's Investors Service said on Tuesday