Union 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.

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...

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

Reported by 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.

"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.

Opinion: Will India Become Superpower? Not With This Budget

Business | Mihir Sharma, Bloomberg | Monday July 8, 2019

Investors can take solace in the fact that India will almost certainly recover from its cyclical slowdown.

Green Environment Behind Push For Public Transport, EVs: Finance Minister

IANS | Monday July 8, 2019

Finance Minister Nirmala Sitharaman has said that the tax proposals in the Union Budget for FY20 on fossil fuels and electric cars must push people to avoid polluting fuels and adopt either electric vehicles or public transport.

Parliament LIVE Updates- "We Have No Role In Karnataka Crisis": Rajnath Singh In Parliament

India News | NDTV | Monday July 8, 2019

Defence Minister Rajnath Singh today said that the BJP had nothing to do with the situation in Karnataka where several Congress and JD-S MLAs have quit, puttng the coalition government in a crisis.

Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry

India News | Press Trust of India | Sunday July 7, 2019

Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.

KT Rama Rao Says Union Budget "Disappointing, Insipid" For Telangana

Telangana News | Indo-Asian News Service | Saturday July 6, 2019

Telangana Rashtra Samithi (TRS) working President KT Rama Rao on Saturday termed the Union Budget 2019-20 as "disappointing and insipid" from Telangana's perspective.

Jal Shakti Ministry Gets Rs 28,261 Crore Budget Allocation

India News | Press Trust of India | Friday July 5, 2019

The Jal Shakti Ministry, which is executing the government's mission to provide clean and piped drinking water to every household in the country, has been earmarked Rs 28,261.59 crore in the budget 2019-20.

"Gaon, Gareeb, Kisaan": Opposition Leaders Slam Budget Over Farmer Issues

India News | Edited by Swati Bhasin | Friday July 5, 2019

The government on Friday announced an increase in budget allocation for the Ministry of Agriculture and Farmers Welfare by over 78 per cent to around Rs. 1.3 lakh crore for the current fiscal.

"Commitment To Restrict Fiscal Deficit A Good Intent, But...": How Economists Are Reading Budget 2019

Business | Edited by Sandeep Singh | Friday July 5, 2019

Union Budget 2019: The government said it saw fiscal deficit at 3.3 per cent of GDP in the current financial year, a reversal of the relaxation to 3.4 per cent announced in the interim Budget.

Union Budget: Over Rs 17,800 Crore Allocated To External Affairs Ministry

India News | Press Trust of India | Friday July 5, 2019

Over Rs 17,800 crore has been earmarked for the Ministry of External Affairs in the 2019-20 Budget, an increase of more than Rs 2,800 crore over the previous fiscal, with a massive jump in aid allocation for Maldives, Mauritius and African nations.

Opinion: What's Worth Noting In Nirmala Sitharaman's Budget

Opinion | Mihir Swarup Sharma | Friday July 5, 2019

The first hour of Finance Minister Nirmala Sitharaman's budget speech presenting had one significant omission: any actual budgeting. There were barely any numbers in it. Instead, it was a lengthy medley of policy priorities, praise of the government's record, and quotes from Mahatma Gandhi and various spiritual leaders.

Nirmala Sitharaman Talks Of Zero Budget Farming, Allocation Up By 78%

India News | Edited by Anindita Sanyal | Friday July 5, 2019

Union minister Nirmala Sitharaman today said the country needs to replicate "zero budget farming" as part of the government's plan to help farmers double their income. In her speech presenting the Union budget in parliament, the minister underscored the need to "go back to the basics, which will help double farmers' income".