Union Budget 2019

Centre's faceless e-assessment promising, but the procedures still need clarity

As announced in the Union Budget 2019, the Central government has notified the e-assessment scheme for income-tax returns last week.

published on : 23rd September 2019

No relief for Foreign Portfolio Investors unless they turn corporates

Foreign Portfolio Investors (FPI) can register themselves as companies to avoid the super-rich tax surcharge imposed in this year’s budget.

published on : 19th July 2019

Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDS

The Finance Bill amendment replaced "an account" to "one or more accounts".

published on : 18th July 2019

2019 Union Budget: Government seeks to allay fears on surcharge on super rich with budget

The Finance Bill has raised the surcharge on the super rich the top-end of the income brackets -- for incomes between Rs 2 crore and Rs 5 crore.

published on : 18th July 2019

Budget proposals like higher FDI and public shareholding can fetch USD 25 billion: Morgan Stanley

The move to increase the minimum statutory limit for FPI investment in a company from 24 percent to sectoral foreign investment cap will alone increase the weight of the country in the EM index.

published on : 17th July 2019

‘Only developers who are lean and mean will survive’, says President of National Real Estate Development Council

In the midst of an extended slowdown, the country’s real estate sector has been having a hard time over the past few years.

published on : 16th July 2019

Government chooses to favour infant firms over dwarfs in Budget proposals

The fact that the tax sleuth will have to take approval of a supervisor before initiating scrutiny will reduce instances of harassment of startups and venture capitalists in the name of Angel tax.

published on : 13th July 2019

Budget backed with plan, estimates realistic: Nirmala Sitharaman in Rajya Sabha

The Finance Minister said that said adequate provisions for expenditure particularly for defence, pension and salary and internal security have been provided.

published on : 12th July 2019

No disparity in GDP estimates: Finance Minister Nirmala Sitharaman clarifies Budget data

While the Economic Survey, released a day before the Union Budget, had pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent.

published on : 11th July 2019

Committed to fiscal consolidation without compromising on expenditure: Finance Minister Nirmala Sitharaman

Sitharaman said several steps including enhancing investments in infrastructure, liberalisation in the foreign direct investment policy and lowering of corporate tax are being taken.

published on : 10th July 2019

Sorry, Modiji, tax breaks alone won't make India an investment hub

Attracting foreign investment is key to Prime Minister Narendra Modi’s flagship Make-in-India programme, which is aimed at creating jobs and reducing unemployment.

published on : 10th July 2019

Budget outlines reforms to support economy but lacks plan for fiscal consolidation: Fitch Ratings

The agency said that the budget indicates that the BJP will continue its economic reform efforts in its second term and avoid the fiscal loosening.

published on : 10th July 2019

Union Budget 2019 generous to ailing realty sector

Government offers several incentives to boost demand for real estate amidst sales slowdown, liquidity crisis.

published on : 9th July 2019

Economy will run like bullet train, says BJP on Union Budget 2019

The Opposition criticised the Budget and called it directionless

published on : 9th July 2019

FM Nirmala Sitharaman-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

The Budget has opened the lending doors open for NBFCs again by the banks and  will stress on that to make RBI more alert on the monitoring responsibility.

published on : 8th July 2019
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