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
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
Other FMCG products such as soap, toothpaste and hair oil now come under 18 percent tax bracket against the previous 23-24 percent rate.
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
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
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?
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
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
Budget 2019 has delivered quick fixes; govt seems to have made attempt to address several policy gaps
The maiden Budget speech of Finance Minister Nirmala Sitharaman, perhaps the longest in recent years, witnessed a flurry of policy announcements, both for rural and urban India.
Additional tax burden on super-rich is flawed; goes against Narendra Modi's claim of kamdars over naamdars
Sitharaman's Budget can potentially disincentivise those who invest in high-value skills such as a surgeon or an architect, for instance
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: 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
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.
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
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.
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
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
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.
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
Union Budget 2019: Nirmala Sitharaman presents ‘no-change’ Budget; one mustn't read too much into numbers
The Budget speech had spoken of what all has been given in the interim Budget and not made any concession here. Therefore, there is nothing specific for households here.