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General Budget 2019

Union Budget 2019 laid down good platform for sustainable economic growth: Acuite Ratings

Finance Minister Nirmala Sitharaman in her maiden Budget address laid out a clear road map to make India a $5 trillion economy by 2024.

Jul 08, 2019, 18:21 PM IST

Union Budget 2019: FM announces slew of provisions, exemptions, tax benefits for Indian start-ups

Start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums, Nirmala Sitharaman said.

Jul 05, 2019, 17:15 PM IST

Union Budget 2019: FM says biz with less than Rs 5 cr annual turnover to file return quarterly GST

Nirmala Sitharaman also proposed to move to an electronic invoice system wherein invoice details will be captured in a central system at the time of issuance in Union Budget 2019.

Jul 05, 2019, 16:59 PM IST

Union Budget 2019: 25% Corporate Tax for firms with turnover up to Rs 400 crore

Nirmala Sitharaman said reduction in corporate tax rate will cover 99.3% of the companies. Now only 0.7% of companies will remain outside this rate.

Jul 05, 2019, 16:22 PM IST

Union Budget 2019: FM announces Rs 70,000 crore PSU bank recapitalisation

Nirmala Sitharaman presenting Budget 2019 said NPAs of commercial banks have reduced by over 1 lakh crore over the last year, record recovery of over 4 lakh crore due to IBC and other measures has been effected over the last four years.

Jul 05, 2019, 16:11 PM IST

Union Budget 2019: Govt hikes divestment target to Rs 1.05 lakh crore

Nirmala Sitharaman in the Budget 2019 speech further informed that Government will undertake strategic sale of PSUs and continue to do consolidation of PSUs in the non-financial space as well.

Jul 05, 2019, 15:38 PM IST

Union Budget 2019 presented with a 10-year vision in mind: Nirmala Sitharaman

Addressing a press conference after the presentation of the Union Budget 2019, the Finance Minister said that the emphasis was very clearly on the overall development of economy.

Jul 05, 2019, 15:28 PM IST

Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

A person purchasing an affordable house will now get an enhanced interest deduction up to Rs 3.5 lakh.

Jul 05, 2019, 14:27 PM IST

What's cheaper, what's dearer after Union Budget 2019

As part of road and infrastructure cess (customs), the government has decided to hike the cess on the fuel products from Rs 8 per litre to Rs 9 per litre.

Jul 05, 2019, 14:13 PM IST

Union Budget 2019: This is the budget of hope and expectation, says PM Modi

Modi further said that the Budget has set the tone for tax structure to get simplified and infrastructure getting modernized.

Jul 05, 2019, 13:59 PM IST

Union Budget 2019 highlights live updates: Special additional excise duty of Re 1 per litre to be levied on petrol and diesel, says Nirmala Sitharaman

Union Budget 2019 is the maiden budget for Union Finance Minister Nirmala Sitharaman, who becomes the second woman finance minister to do so. She called on President Ram Nath Kovind at the Rashtrapati Bhavan before presenting her first Union Budget. 

Jul 05, 2019, 11:07 AM IST

Union Budget 2019 live: 3% increase in Income tax for those earning Rs 2-5 cr, 7% for income above 5 cr

Expectations are high from the Union Budget 2019, given that PM Modi came back to power following a bigger mandate than his first term. As such, Finance Minister Nirmala Sitharaman will have to do a tough balancing act, as she aims to boost growth.

Jul 05, 2019, 09:02 AM IST

Public investments in social infrastructure, employment critical for inclusive development: Economic Survey 2018-19

Economic Survey 2018-19 stated that public investments in social infrastructure like education, health, housing and connectivity is important for inclusive development of the country.

Jul 04, 2019, 19:58 PM IST

7% growth pegged by the Economic Survey 2019 is a pragmatic target: CII

CII said that it is in affirmation with the Survey’s key prognosis that for sustaining growth at 8 percent, investment would need to be the “key driver” for heralding simultaneous growth in demand, jobs, exports & productivity.

Jul 04, 2019, 16:43 PM IST

Economic Survey 2019 stresses on reducing economic policy uncertainty to promote investment

This factor has been termed especially important in context of the Survey’s recommendations for shifting gears to an investment driven growth model for the country.

Jul 04, 2019, 15:22 PM IST

India’s forex reserves comfortable, CAD remains within manageable levels: Economic Survey 2019

The Economic Survey 2019 notes that India’s External Debt was USD 521.1 billion at end-December 2018, 1.6 percent billion lower than its level at end-March 2018. 

Jul 04, 2019, 15:18 PM IST

Economic Survey 2019 calls for redesigning minimum wage system in India for inclusive growth

The Economic Survey 2018-19 states that an effective minimum wage policy that targets the vulnerable bottom rung of wage earners can help in driving up aggregate demand and building and strengthening the middle class, and thus spur a phase of sustainable and inclusive growth.

Jul 04, 2019, 15:11 PM IST

Economic Survey 2019 pegs FY20 growth at 7%, retains FY19 fiscal deficit at 3.4%

The Economic Survey 2018-19 clearly stated that the year 2019-20 has delivered a huge political mandate for the government, which augurs well for the prospects of high economic growth.

Jul 04, 2019, 14:08 PM IST

Ecosystem for insolvency and bankruptcy getting systematically built out: Economic Survey 2019

Till March 31, 2019, the Corporate Insolvency Resolution Process yielded a resolution of 94 cases which has resulted in the settlement of claims of  Rs 1,73,359 crore.

Jul 04, 2019, 13:54 PM IST

Economic Survey 2018-19: Key Highlights

The Economic Survey has projected India would grow at 7 percent in 2019-20 and maintain its fastest growing large economy tag in the world.

Jul 04, 2019, 13:38 PM IST