Union Budget

Foreign Investors Can Register As Firms To Get Tax Relief: Nirmala Sitharaman

Business | NDTV Profit Team | Thursday July 18, 2019

While presenting the Union Budget for Financial Year 2019-20, Ms Sitharaman proposed to raise surcharge on the super-rich. Those with an annual income between Rs 2 crore and Rs 5 crore would be levied a surcharge of 25 per cent from 15 per cent previously.

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.

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.

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.

10 Key Things To Know About Changes In PAN, Aadhaar Rules

Business | NDTV Profit Team | Friday July 12, 2019

The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...

Economy Is Weak, Need Structural Reforms: P Chidambaram

India News | Press Trust of India | Thursday July 11, 2019

The Union Budget 2019-20 does not chalk out a clear roadmap to take India on the path of high economic growth and lacks bold steps and structural reforms, Congress leader P Chidambaram said Thursday in Rajya Sabha.

Budget Data 100% Above Board, Every Number Authentic: Nirmala Sitharaman

India News | Press Trust of India | Thursday July 11, 2019

Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman on Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates.

Odisha Railway Sector Allocated Rs 5993 Crore, Highest Ever

India News | Press Trust of India | Thursday July 11, 2019

The Union budget 2019-20 has allocated Rs 5993 crore for the railway sector of Odisha, registering an increase of Rs 741 crore from the last year's outlay, a railway official said on Wednesday.

Government Committed To Path Of Fiscal Consolidation: Nirmala Sitharaman

Business | NDTV Profit Team | Wednesday July 10, 2019

Finance Minister Nirmala Sitharaman said on Wednesday that the government is committed to the path of fiscal consolidation without compromising on public expenditure. The remarks from the Finance Minister came as she was defending the first budget of the re-elected NDA (National Democratic Alliance) government in Parliament. Last Friday, Ms Sithara...

Paliament Updates: Nirmala Sitharaman's Reply On Union Budget In Parliament

India News | Edited by Swati Bhasin | Wednesday July 10, 2019

The proceedings in the upper house of the parliament were adjourned today till 2 pm as members of the Congress raised the issue of political crisis in Karnataka. 

The Mystery Of The 'Missing' Rs 1.7 Lakh Crore In India's Budget

Business | Tuesday July 9, 2019

Three days after the Union Budget was presented, questions have surfaced over a nearly Rs 2 lakh crore 'fiscal hole' in India's financial accounts.

Budget Does Not Have Any Structural Reforms, Says P Chidambaram

India News | Press Trust of India | Monday July 8, 2019

Senior Congress leader and former finance minister P Chidambaram said today that the Union Budget for 2019-20 is "status-quoist" as it seeks to bring about only incremental reforms and not radical reforms required by the country to grow faster.

"Dropped Catches, No Balls": Shashi Tharoor's Cricket Analogy For Budget

India News | Press Trust of India | Monday July 8, 2019

As World Cup fever grips the nation, Shashi Tharoor today reverted to cricket lexicon in the Parliament to criticize the Union Budget which was presented on Friday.

Ather Energy Commences Operations In Chennai; Prices Start At Rs. 1.19 Lakh

Sameer Contractor | Monday July 8, 2019

Homegrown EV manufacturer Ather Energy has commenced its operations in Chennai, its second market after Bengaluru. The company held its first customer event last weekend in the city, and has also begun accepting pre-bookings for its electric scooters for a token amount of Rs. 5000. The Ather 450 is priced at Rs. 1.31 lakh, while the entry-level Ath...

Budget 2019: Aadhaar, PAN Steps To Expand Tax Base, Say Experts

Business | NDTV Profit Team | Wednesday July 10, 2019

In the Union Budget for 2019-20, the government has provided "interchangeability of PAN (Permanent Account Number) and Aadhaar" to enable individual assessees to file income tax returns (ITR). The Aadhaar number or Unique Identity Number (UID) is a 12-digit identification number issued by the UIDAI or Unique Identification Authority of India under...