Union Budget-2019

Showing of 1 - 20 from 369 results
Union Budget-2019 - Total results - 369
Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January
Business

Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January

As many as 87.5 percent of the eligible taxpayers have taken advantage of Sabka Vishwas, a dispute resolution-cum-amnesty scheme

Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub
Business

Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub

A nearly double-digit tax reduction in the effective tax rate, unmistakably, pegs India as one of the most competitive investment destinations not only across its Asian peers, but globally too.

'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations
Politics

'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations

A few things happened this week that may have surprised those who were under the impression that India was doing very well economically.

No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors
Business

No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors

The biggest takeaway from Nirmala Sitharaman's presser is that the government seems to have finally woken up to the economic slowdown and is showing a willingness to offer solutions

Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved
Business

Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved

If the Modi government finds a way and manage to implement the Rs 100 lakh crore investment as announced, this will indeed act as a big stimulus to the economy and help revive the job market.

Govt's tax rise for high earners may trigger fund flight: Former RBI governor Bimal Jalan
Business

Govt's tax rise for high earners may trigger fund flight: Former RBI governor Bimal Jalan

Former Reserve Bank of India (RBI) governor, Bimal Jalan, has warned that the higher income taxes the government introduced in its budget could lead to a flight of funds from the country

Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?
Business

Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?

The ECF is one issue, but Garg has spearheaded too many controversial battles for the Finance Ministry with the RBI.

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.

Narendra Modi's $5 trillion economy dream is impossible without solving these five puzzles
Business

Narendra Modi's $5 trillion economy dream is impossible without solving these five puzzles

The Narendra Modi government’s ambitious target of a $5 trillion economy by 2024 has triggered interesting debates.

Enhancing delivery of quality health care: Biomedical engineers act as a bridge between modern medicine, engineering
Business

Enhancing delivery of quality health care: Biomedical engineers act as a bridge between modern medicine, engineering

From the concept to market reach and clinical trials, biomedical engineers are part of the health care ecosystem contributing to meeting the SDGs, especially universal health coverage.

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

Spat between Nirmala Sitharaman, scribes over North Block 'gag' undermines credibility of media, govt
Business

Spat between Nirmala Sitharaman, scribes over North Block 'gag' undermines credibility of media, govt

Many journalists invited by Finance Minister Nirmala Sitharaman to her post-Budget dinner on Friday night have decided to boycott it in response to an order barring even government-accredited journalists access to the finance ministry’s North Block offices without prior appointments

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.

Budget 2019 failed to make necessary provisions for improving education infrastructure, skill development
India

Budget 2019 failed to make necessary provisions for improving education infrastructure, skill development

The central government is substituting regular budgetary outlays with this cess and a part of education cess is diverted elsewhere.

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

Around 450 entities withdrew over Rs 100 cr each in cash from bank accounts in one year, prompting govt to levy TDS
Business

Around 450 entities withdrew over Rs 100 cr each in cash from bank accounts in one year, prompting govt to levy TDS

Just 448 entities withdrew over Rs 100 crore each taking the cumulative withdrawal to Rs 5.56 lakh crore in cash from bank accounts in one year, prompting the government to clamp down with a TDS on withdrawals of more than Rs 1 crore

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