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Budget 2019

Social Stock Exchange: What is it? Will it benefit social enterprises in India?

Social Stock Exchange: What is it? Will it benefit social enterprises in India?

Sat, Aug 24, 2019

Social Stock Exchange is a platform which allows investors to buy shares in social enterprises vetted by an official exchange. The Union Budget 2019 proposed setting up of first of its kind Social Stock Exchange in India.

Housing for all by 2022: Outlook positive for affordable housing in the next 3 years

Housing for all by 2022: Outlook positive for affordable housing in the next 3 years

Sat, Jul 20, 2019

Housing for all by 2022 can become a reality if the budgetary proposals for affordable housing is implemented to its maximum extent.

Hit by massive trouble, NBFC sector gets a big boost; here is how

Hit by massive trouble, NBFC sector gets a big boost; here is how

Mon, Jul 15, 2019

Both RBI and government have been working closely to bring some relief for NBFC sector.

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TDS limit for rent paid by non-individuals increases

TDS limit for rent paid by non-individuals increases

Sat, Feb 02, 2019

Budget 2019 has increased the limit for tax deducted at source (TDS) on rent paid to them by non-individuals i.e corporates etc. Earlier non-individuals (e.g corporates etc) who rented out houses had to deduct TDS if rent paid was more than Rs 1, 80,000 per financial year.

Realtors heave sigh of relief over 2-yr tax exemption on notional rent on unsold homes

Realtors heave sigh of relief over 2-yr tax exemption on notional rent on unsold homes

Sat, Feb 02, 2019

Motilal Oswal Real Estate Fund Head Sharad Mittal said this would give the developer community breathing space to sell off their unsold inventory in a tough market. Mahagun Director Dhiraj Jain said this is a relieving step for developers, while Sumadhura Group CMD Madhusudhan G said this proposal would give "slight relief".

Income Tax Rebate 2019 Clarification: Taxable income above Rs 5 lakh? Know what is in store for you

Income Tax Rebate 2019 Clarification: Taxable income above Rs 5 lakh? Know what is in store for you

Sat, Feb 02, 2019

Income Tax: These proposals will come into effect after the Finance Bill 2019 is passed by the Parliament. According to CBDT chairman Sushil Chandra, the changes will come into effect from April 1.

India's sovereign rating profile to be evaluated based on post-election Budget: Fitch

Sat, Feb 02, 2019

For the next fiscal, fiscal deficit has been pegged at 3.4 per cent of GDP, up from 3.1 per cent as per the fiscal consolidation roadmap outlined earlier.

I didn’t announce a new tax-system as it was an interim budget: Piyush Goyal, Finance Minister

I didn’t announce a new tax-system as it was an interim budget: Piyush Goyal, Finance Minister

Sat, Feb 02, 2019

Budget 2019: Piyush Goyal, the Finance Minister of India, spoke about the budget and its sense with Zee Business’s Swati Khandelwal. Edited Excerpts:

Budget 2019: Budget allocation for defence increased to Rs 3 lakh crore

Budget 2019: Budget allocation for defence increased to Rs 3 lakh crore

Sat, Feb 02, 2019

Prime Minister Narendra Modi has delivered an interim budget likely to boost the government’s popularity ahead of polls that are now just months away.

Budget 2019: Healthcare sector gets a big boost

Budget 2019: Healthcare sector gets a big boost

Sat, Feb 02, 2019

The Narendra Modi government has announced a 16.65 percent increase in its allocation for the health sector as part of the Interim Budget 2019. The government announced that is was seeking Parliament's approval for expenditure totalling to Rs 96,139.27 crore on healthcare.

Fixed Deposit TDS limit raised: SBI, PNB,HDFC, ICICI, other bank customers can earn more now

Fixed Deposit TDS limit raised: SBI, PNB,HDFC, ICICI, other bank customers can earn more now

Sat, Feb 02, 2019

Fixed Deposit schemes have now become more lucrative for SBI, Post Office, HDFC, ICICI, Axis, PNB, BoB other bank customers.

Budget 2019 will benefit the entire economy; interest rate should be slashed by 25bps: KK Mistry, HDFC Limited

Budget 2019 will benefit the entire economy; interest rate should be slashed by 25bps: KK Mistry, HDFC Limited

Sat, Feb 02, 2019

I feel that the fiscal discipline has been maintained and will be good for the market, said KK Mistry, Vice Chairman, HDFC Limited.

Lower revenue poses risk for deficit after largesse proposed in Interim Budget 2019

Lower revenue poses risk for deficit after largesse proposed in Interim Budget 2019

Sat, Feb 02, 2019

The Budget has revised upwards the fiscal deficit target for 2018-19 to 3.4 per cent of the GDP, from the previous target of 3.3 per cent.

Budget 2019: India Inc says budget to raise consumption, domestic manufacturing

Budget 2019: India Inc says budget to raise consumption, domestic manufacturing

Sat, Feb 02, 2019

The Union Budget for FY 19-20 is growth oriented and forward looking in nature, said Rajnish Kumar, Chairman, SBI.

Post-Budget 2019, focus on monetary policy panel's first meet on repo rate, CRR

Post-Budget 2019, focus on monetary policy panel's first meet on repo rate, CRR

Fri, Feb 01, 2019

After the massive giveaways to farmers and major tax rebate to the middle class in the interim Budget 2019, all eyes are on the first meeting of Monetary Policy Committee to see if there will be any downward revision of the repo rate and CRR to ease pressure on banks.

Plea in SC against interim Budget 2019

Plea in SC against interim Budget 2019

Fri, Feb 01, 2019

Within hours of the interim Budget being presented in Parliament Friday, a petition was filed in the Supreme Court seeking that it be quash on the alleged ground that there is no Constitutional provision for an interim Budget.

Budget allocates enough funds for MUTP: railway officials

Budget allocates enough funds for MUTP: railway officials

Fri, Feb 01, 2019

For Mumbai, these projects include construction of a second terminal at suburban Jogeshwari, bringing in 15-car local rakes and improvement in passenger amenities.

Rural development ministry allocation up by 4.6%

Rural development ministry allocation up by 4.6%

Fri, Feb 01, 2019

In PMAY -G, however, the allocation is less at Rs 19,000 crore for the next financial year from Rs 21,000 crore in 2018-19, according to the budget document.

Desh ki baat: Congress slams BJP's last budget before elections

Desh ki baat: Congress slams BJP's last budget before elections

Fri, Feb 01, 2019

In light of Narendra Modi government's last and final budget ahead of the Lok Sabha elections this year, Congress president Rahul Gandhi condemned the Narendra Modi government for its 'incompetence and arrogance' over the last five years.

Budget 2019: Take income tax rebate hike with a pinch of salt, say Analysts

Budget 2019: Take income tax rebate hike with a pinch of salt, say Analysts

Fri, Feb 01, 2019

Amid the widespread excitement over the move to double the income tax exemption limit to Rs 5 lakh, experts have opined that the budget announcement must be taken with a "teaspoon of salt" as it has no benefit to those earning above that.

Budget 2019 proposals to help put more money into pockets of small taxpayers: ICAI

Budget 2019 proposals to help put more money into pockets of small taxpayers: ICAI

Fri, Feb 01, 2019

The Budget proposals on the personal taxation front would put more money in the pockets of small taxpayers and increase their purchasing power, chartered accountants' apex body ICAI said Friday.

Budget 2019: Fiscal deficit for FY20 pegged at 3.4%

Budget 2019: Fiscal deficit for FY20 pegged at 3.4%

Fri, Feb 01, 2019

The fiscal deficit this financial year would be 3.4 per cent of gross domestic product (GDP), slightly higher than the targeted 3.3 per cent, finance minister Piyush Goyal said while presenting an interim budget.

Budget 2019: Only those with income up to Rs 5 lakh to pay no tax !

Budget 2019: Only those with income up to Rs 5 lakh to pay no tax !

Fri, Feb 01, 2019

Finance Minister Piyush Goyal has proposed that individuals with annual income up to Rs 5 lakh will get full tax rebate under section 87A. This means that anyone with net taxable income up to Rs 5 lakh will not be required to pay any taxes. However, anyone with net taxable income above Rs 5 lakh will not be able to avail this tax benefit and only get standard deduction benefit.

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