Budget 2019

12 Big Economies Failing In Budget Spending For Growth, India On List: Report

Business | Bloomberg News | Thursday October 17, 2019

Monetary policy makers say they're running out of room to cut interest rates, which are already at historic lows, and it's time for their fiscal counterparts to take the lead in trying to spur demand.

Finance Ministry To Start Pre-Budget, Revised Estimates Meetings From October 14

Business | Indo-Asian News Service | Wednesday October 2, 2019

In calender year 2019-20, government had to present two budgets due to national elections -- an interim Budget in February and a general Budget on July 5 after formation of the government.

Have Set Aside 50 Crores For Lawyers' Welfare Schemes: Arvind Kejriwal

Delhi News | Press Trust of India | Tuesday September 3, 2019

Delhi Chief Minister Arvind Kejriwal has directed the law department to expedite implementation of welfare schemes for advocates.

Government Withdraws Enhanced Surcharge On Foreign Investors: 10 Things To Know

Business | Sandeep Singh and Abhishek Vasudev | Friday August 23, 2019

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in nearly five years in the March quarter and is struggling with lakhs of job cuts across sectors. The Finance Minister said the government would withdr...

Government Planning Tax Relief For Foreign Investors, Says Report

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday August 8, 2019

The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government official as saying on Thursday. The development came days after Finance Minister Nirmala Sitharaman said the government would soon hold discussion...

Nirmala Sitharaman Says Won't Rethink Overseas Sovereign Bonds: Report

Business | Thomson Reuters | Sunday July 28, 2019

The government plans to borrow nearly $10 billion from the foreign overseas market, out of total planned borrowing of about $103 billion in 2019/20.

Not More Than 5,000 People In Super-Rich Category: Nirmala Sitharaman

Business | Indo-Asian News Service | Monday July 22, 2019

Ms Sitharaman said not more than 5,000 people are there in the super rich category in the country and the Union Budget 2019-20 has several measures to help start-ups.

Budget 2019 Ensures Vigilance, Short-Term Liquidity For Shadow Banks: India Ratings

Business | Indo-Asian News Service | Wednesday July 17, 2019

According to India Ratings, the proposed framework will help in tackling the contagion risk by the regulator especially for extreme cases.

Opinion: India's Hedge Funds Threatened by Higher Taxes

Business | Andy Mukherjee, Bloomberg Opinion | Tuesday July 16, 2019

The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong.

Budget 2019: Will Tax On The Rich Hit Foreign Investment Inflows?

Business | Thomson Reuters | Monday July 15, 2019

In her budget, Finance Minister Nirmala Sitharaman proposed a tax increase for individuals with an annual income of over Rs 2 crore

Government Aims To Raise Rs 3.25 Lakh Crore From Disinvestment: Report

Business | Thomson Reuters | Friday July 12, 2019

The government has set a divestment target of Rs 1.05 lakh crore for the current fiscal year ending March 31, 2020.

Budget 2019: Crucial To Manage Inflation, Exchange Rate, Says Nirmala Sitharaman

Business | NDTV Profit Team | Friday July 12, 2019

The Finance Minister was speaking on the proposals made by the government last week in the Union Budget for 2019-20.

Budget Reflects Firm Commitment To Boost Investment: Nirmala Sithaaraman

Business | Press Trust of India | Friday July 12, 2019

The target of putting India in the $5 trillion club is not "without a plan", she said and listed out measures proposed in the Budget.

Slowdown In Auto Sales Ahead Of BS6 May Hamper Sales Margins And GST Collection

Shubham Parashar | Thursday July 11, 2019

Auto experts say that if sales continue to drop further, the industry may a face problem to sustain margins, given the advent of emission and safety norms which require automakers to hike prices. SIAM also says that further decline in sales would affect GST revenue collection as well.

Tax On Super-Rich Decoded: Here's Your Complete Guide To Understanding New Rules

Business | Anshul | Friday July 12, 2019

Income tax slab: "In view of rising income levels, those in the highest income brackets, need to contribute more to the nation's development," Finance Minister Nirmala Sitharaman said while presenting her first Budget on July 5. Surcharge is an additional levy on tax which is imposed on taxpayers earning higher income.