Union Budget-2019-20

Showing of 1 - 20 from 333 results
Union Budget-2019-20 - Total results - 333
Foreign investors pull out Rs 2,881 cr in just two trading sessions in August; impact of domestic, global headwinds
Business

Foreign investors pull out Rs 2,881 cr in just two trading sessions in August; impact of domestic, global headwinds

Foreign investors withdrew more than they invested as the US-China trade war has started brewing again which is not helping investors' sentiments

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

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.

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

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 will boost investment without any compromise in the fiscal roadmap, says Nirmala Sitharaman
Business

Budget will boost investment without any compromise in the fiscal roadmap, says Nirmala Sitharaman

Nirmala Sitharaman said the big picture presented in the Budget is backed with a plan to increase investment without compromising on the fiscal consolidation roadmap.

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

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

Budget 2019 has delivered quick fixes; govt seems to have made attempt to address several policy gaps
Business

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.

Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry
Business

Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry

Abolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday

Govt working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief PC Mody
Business

Govt working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief PC Mody

Startups should not have any concern related to taxation and the government is putting in place an administrative mechanism to resolve the legacy issues, CBDT chief PC Mody said on Tuesday

RBI governor Shaktikanta Das says central bank to discuss issuance of sovereign bonds with govt
Business

RBI governor Shaktikanta Das says central bank to discuss issuance of sovereign bonds with govt

Shaktikanta Das said the Budget provision of Rs 70,000 crore towards bank capitalisation is a very positive development