Page 2 - Latest Updates on Union Budget 2019
Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS
Instead, the report argued that increasing the ceiling on foreign portfolio investors in govt securities is a better option considering the huge risks in raising debt in a foreign currency
 "Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS")
Budget impact: Surcharge hike likely to hit global passive funds
Globally, index funds and ETFs are popular because of the low management fees
 "Budget impact: Surcharge hike likely to hit global passive funds")
Budget does not have any steps to propel investment, savings: Chidambaram
He sought to corner the finance minister, saying she did not present macro economic data, including receipts from revenue, in her Budget Speech in Lok Sabha on July 5
 "Budget does not have any steps to propel investment, savings: Chidambaram")
$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
 "$30 billion wiped off stock in 3 sessions as doubts on higher tax lingers")
Centre allocates Rs 75,000 cr for PM-KISAN to cover 145 million farmers
Nirmala Sitharaman has allocated Rs 12,000 crore less in the Budget for financial year 2019-20 towards the government's flagship income support scheme -- PM-Kisan-- that has been extended to cover all
 "Centre allocates Rs 75,000 cr for PM-KISAN to cover 145 million farmers")
Budget impact: Govt may use MF route to meet disinvestment target
FoF are subject to higher short-term capital gains tax, given these are not treated as equity-oriented schemes for taxation purpose
 "Budget impact: Govt may use MF route to meet disinvestment target")
Budget 2019: Full text of the Finance Bill as tabled in Lok Sabha
Here is the full text of the Finance Bill as tabled by the first full-time woman finance minister of the country Nirmala Sitharaman
 "Budget 2019: Full text of the Finance Bill as tabled in Lok Sabha")
Budget 2019: Full text of the memorandum of the Finance Bill tabled in LS
Here is the full text of the memorandum of the finance bill tabled in Lok Sabha
 "Budget 2019: Full text of the memorandum of the Finance Bill tabled in LS")
Share buyback runs into tax roadblock, govt move may hurt repurchase
More than 70 companies, including software exporter Wipro Ltd, announced or completed Rs 354.6 billion of share buybacks in the first half of 2019
 "Share buyback runs into tax roadblock, govt move may hurt repurchase")
Derivatives strategies: 11,100-11,200 mark a key support for Nifty
The rupee has hardened however, with foreign portfolio investors selling equity but buying into rupee debt
 "Derivatives strategies: 11,100-11,200 mark a key support for Nifty")
Relaxed FPI norms in InvITs to help Reliance, Tata Power cut debt
The move will also help Embassy Office Park REIT
 "Relaxed FPI norms in InvITs to help Reliance, Tata Power cut debt")
Tax proposal in Budget 2019 hits Indian companies' year of share buybacks
More than 70 companies, including software exporter Wipro Ltd., announced or completed Rs 354.6 billion ($5.2 billion) of share buybacks in the first half of 2019
 "Tax proposal in Budget 2019 hits Indian companies' year of share buybacks")
Govt aims to cut stake in state-run cos to minimum required in FY20: Report
The government aims to raise Rs 400 billion from exchange-traded funds, the official told reporters. The official declined to be identified
 "Govt aims to cut stake in state-run cos to minimum required in FY20: Report")
Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P
S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings
 "Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P")
Budget 2019: India won't become a superpower with these allocations
Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014
 "Budget 2019: India won't become a superpower with these allocations")
Budget impact: Infosys, 8 others face 20% tax burden on share buyback
These companies, which are buying back shares, will see costs rising
 "Budget impact: Infosys, 8 others face 20% tax burden on share buyback")
EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019
Good move to make National Pension Scheme more attractive
 "EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019")
Budget 2019: FM Sitharaman's 'bahi khata' held no surprises for judiciary
Law Commissions in the past have studied the problems of the judiciary
 "Budget 2019: FM Sitharaman's 'bahi khata' held no surprises for judiciary")
A pinch here, a windfall there: Govt's fuel tax earning explained in charts
The effective tax on petrol now stands at 105 per cent, or Rs 35.5 per litre, and excise duties contribute a healthy Rs 20 per litre
 "A pinch here, a windfall there: Govt's fuel tax earning explained in charts")
Budget impact: Sebi may give listed firms two years for 35% public holding
Regulator, however, concerned with implications of takeover code; to start public consultation soon
 "Budget impact: Sebi may give listed firms two years for 35% public holding")
