Budget 2019

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Budget 2019 - Total results - 479
Budget 2019: Nirmala Sitharaman presents a wishlist for aviation industry, but offers little in terms of inputs to make it work
Business

Budget 2019: Nirmala Sitharaman presents a wishlist for aviation industry, but offers little in terms of inputs to make it work

The government has hinted and assured that it will examine further opening up of FDI in aviation, but will not put out a timeline on it.

Budget 2019 serves all sectors of economy, builds upon India's growth story of last 5 yrs, writes ex-FM Arun Jaitley in blog
Business

Budget 2019 serves all sectors of economy, builds upon India's growth story of last 5 yrs, writes ex-FM Arun Jaitley in blog

The Budget 2019 creates a political direction for an aspirational India. The economically weaker sections get the basic amenities of life and several sectors of interest to the middle-class have been incentivised.

Petrol, diesel prices hiked by over Rs 2 after govt raises excise, infra cess in Union Budget 2019
Business

Petrol, diesel prices hiked by over Rs 2 after govt raises excise, infra cess in Union Budget 2019

Finance Minister Nirmala Sitharaman had announced a hike in cess on auto fuel prices while presenting the Union Budget 2019-20 in the Lok Sabha on Friday.

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic
Business

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic

Nirmala Sitharaman is promising to keep the fiscal deficit at 3.3% of GDP, lower than the 3.4% projected in the interim Budget presented by Piyush Goyal

Firstpost Editor's Picks: Budget 2019, Malaal movie review, West Indies' ICC World Cup run; today's must-read stories
India

Firstpost Editor's Picks: Budget 2019, Malaal movie review, West Indies' ICC World Cup run; today's must-read stories

The Union Budget 2019 was certainly not a non-event, as it carried several interesting proposals that are incremental in nature, consistent with Narendra Modi's government's reform agenda.

LPG subsidy after Budget 2019: Govt proposes 13.32% hike in total allocation at Rs 3,01,694 cr to help farmers
India

LPG subsidy after Budget 2019: Govt proposes 13.32% hike in total allocation at Rs 3,01,694 cr to help farmers

The government's subsidy bill on food, fertiliser and fuel is estimated to go up by 13.32 per cent to Rs 3,01,694 crore in the current fiscal.

Budget 2019: Rs 29,000-cr set aside for women and child development ministry; social sector services get major boost
Business

Budget 2019: Rs 29,000-cr set aside for women and child development ministry; social sector services get major boost

Nirmala Sitharaman announced during the Union Budget 2019 that a sum of Rs 29,000 crore has been set aside for the Women and Child Development Ministry for the next fiscal, a 17 percent increase over the 2018-2019 financial year.

Union Budget: India set to become $3 trillion economy in current fiscal; need structural reforms to be $5 trillion, says Nirmala Sitharaman
Business

Union Budget: India set to become $3 trillion economy in current fiscal; need structural reforms to be $5 trillion, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said in the Union Budget 2019-20 on Friday that India is set to become a $3 trillion economy in the current fiscal, and structural reforms are needed to reach $5 trillion in next few years.

Union Budget 2019: No big bang ideas but Nirmala Sitharaman delivers solid and ambitious policy document
Business

Union Budget 2019: No big bang ideas but Nirmala Sitharaman delivers solid and ambitious policy document

Nirmala Sitharaman’s maiden Budget is a reflection her personality. There was nothing spectacular in the 2019 Union Budget presented by the finance minister on Friday.

Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020
Business

Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020

Finance Minister Nirmala Sitharaman Friday proposed to exempt from income tax 60 percent of the amount received by subscribers of National Pension System on closure of account or opting out of the scheme

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs 3.75 lakh crore involved in pending cases
Business

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs 3.75 lakh crore involved in pending cases

Excise duty and service tax, along with 15 other indirect taxes were subsumed into the goods and services tax (GST) that came into force about two years ago on 1 July 2017.

Budget 2019: Govt promises big investment in agri and allied sectors; 10,000 FPO's, new scheme to overhaul fishery industry announced
Business

Budget 2019: Govt promises big investment in agri and allied sectors; 10,000 FPO's, new scheme to overhaul fishery industry announced

Aiming to double farmers' income by 2022, the government during the Union Budget 2019 on Friday said it will invest in a big way in developing infrastructure in both agriculture and allied farm sector, and encourage private entrepreneurs in food processing.

Budget 2019: Analysts terms listing of social enterprises as innovative, move would help them raise funds to meet welfare objectives
Business

Budget 2019: Analysts terms listing of social enterprises as innovative, move would help them raise funds to meet welfare objectives

Allowing listing of social enterprises can be a game changer for organisations that are trying to transform the social dynamics, say market analysts who termed the Budget proposal to create a social sector exchange as one of the "very creative and innovative ideas"

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
India

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house

Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh.

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all
Business

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all

Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds

Gold Rate After Budget 2019: Proposed import duty hike to make yellow metal, jewellery expensive in domestic market
Business

Gold Rate After Budget 2019: Proposed import duty hike to make yellow metal, jewellery expensive in domestic market

The country's gold imports dipped about 3 percent in value terms to $32.8 billion during 2018-19. Dip in the imports expected to keep a lid on the current account deficit.

Union Budget 2019 in graphics: Highlights of Modi 2.0 government's '10-yr vision' as announced by Nirmala Sitharaman
Business

Union Budget 2019 in graphics: Highlights of Modi 2.0 government's '10-yr vision' as announced by Nirmala Sitharaman

In the Union Budget 2019, the government proposes to extend pension benefit to three crore retail traders with an annual turnover less than Rs 1.5 crore under Pradhan Mantri Karam Yogi Man Dan Scheme.

Highlights of Budget 2019: Chidambaram claims Budget 'bereft of any reforms', says chief economic adviser must be most disappointed
Business

Highlights of Budget 2019: Chidambaram claims Budget 'bereft of any reforms', says chief economic adviser must be most disappointed

Budget 2019 LIVE Updates: At a press conference, former finance minister P Chidambaram claimed that the Union Budget was "bereft of any reforms". "The most disappointed person must be the chief economic adviser. The only investment-related proposal was the to increase the FPI percent. The Modi government treats India as one big state government. Apparently the prime minister believe that only his government can deliver basic public goods and services. It is not good to reduce state government to local administrations," he said.

From Lord Basaveshwara to Chanakya, Nirmala Sitharaman's Budget speech draws from India's finest literary traditions
Business

From Lord Basaveshwara to Chanakya, Nirmala Sitharaman's Budget speech draws from India's finest literary traditions

On Friday, when Finance Minister Nirmala Sitharaman presented her maiden Budget in Lok Sabha, she too relied upon the tradition of using couplets and quotes to buttress her point that India is marching towards its goal of becoming a “developed economy’ and to achieve its true place in the comity of nations.

Budget 2019 political reactions: Modi, Shah call Budget reform-oriented; Opposition terms it directionless, says 'no focus on job creation'
Business

Budget 2019 political reactions: Modi, Shah call Budget reform-oriented; Opposition terms it directionless, says 'no focus on job creation'

Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at $1.85 trillion five years back, has reached $2.7 trillion now