Page 3 - Latest Updates on Union Budget 2019
Budget 2019: India redirects foreign aid to Indian Ocean countries
After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid
 "Budget 2019: India redirects foreign aid to Indian Ocean countries")
Budget impact: Super-rich tax hits 1,000 executives in corporate India
Overall, 901 listed companies had 1,720 officials earning more than Rs 1 crore in FY18
 "Budget impact: Super-rich tax hits 1,000 executives in corporate India")
New Budget, old outcome
Many parts of the speech had little to do with the Union Budget, says the author
 "New Budget, old outcome")
The good, the not-so-good and the tricky
In the aftermath of the Union Budget, the onus of igniting the animal spirit seems to be on the RBI. More rate cuts are on the cards
 "The good, the not-so-good and the tricky")
Handle with care
Sovereign borrowing in foreign currency has inherent risk
 "Handle with care")
The right figures
The Budget should have used up-to-date data on revenue
 "The right figures")
Accelerating growth
An export-led backward integration strategy for manufacturing and business services is essential for accelerating economic growth
 "Accelerating growth")
Budget 2019 in charts: Social sector spending rises, except on education
Education now occupies a smaller share in the overall social sector expenditure
 "Budget 2019 in charts: Social sector spending rises, except on education")
Plan to tap global mkts for govt borrowing added at last minute in Budget
The investors said that this was necessary for India to push for more foreign investors to pick up stakes in the bankruptcy-hit companies
 "Plan to tap global mkts for govt borrowing added at last minute in Budget")
Budget 2019: How FM Nirmala Sitharaman aims to plug tax leakages
Several proposals in the finance minister's speech aim to increase the number of tax filers and reduce the scope for tax avoidance
 "Budget 2019: How FM Nirmala Sitharaman aims to plug tax leakages")
Railway union says will launch protest after Budget proposes privatisation
FM Sitharaman in her Budget speech on Friday proposed that railways should use Public Private Partnership (PPP) model for faster development
 "Railway union says will launch protest after Budget proposes privatisation")
Union Budget 2019: Inclusivity in development, says Keshav Murugesh
Job creation and re-skilling created a lot of stir last year
 "Union Budget 2019: Inclusivity in development, says Keshav Murugesh")
Budget 2019: India plans to raise $10 bn from first overseas sovereign bond
Sovereign bonds in India rallied on Friday after Finance Minister Nirmala Sitharaman said during her budget speech that the government would borrow in foreign currency to finance the budget deficit
 "Budget 2019: India plans to raise $10 bn from first overseas sovereign bond")
Foreign sovereign debt concerns stem from fear of the unknown: Garg
There are sovereigns which have done very well, built up a very good benchmark around them, and there are some that have not, said finance secretary Subhash Chandra Garg
 "Foreign sovereign debt concerns stem from fear of the unknown: Garg")
Budget announcements to promote Make in India initiatives, MSMEs: DPIIT
The minister has said 100 per cent foreign direct investment (FDI) will be permitted for insurance intermediaries and local sourcing norms will be eased for FDI in single brand retail sector
Union Budget 2019: Defence salary bill leaves less for new weaponry
Government sources argue this year's capital allocation of Rs 108,248 crore cannot be increased further, since it already accounts for one-third of the central government capital expenditure
 "Union Budget 2019: Defence salary bill leaves less for new weaponry")
Union Budget 2019: Measures taken to tighten the screws on tax avoidance
Steps like widening the scope of TDS and compelling businesses with revenue above a threshold to offer electronic payment will make tax avoidance harder
 "Union Budget 2019: Measures taken to tighten the screws on tax avoidance")
Budget lays road map for India to get back on high growth track: Jaitley
Jaitley said several sectors of interest to the middle class and the neo-middle class, like affordable housing and electric vehicles, have been incentivised
 "Budget lays road map for India to get back on high growth track: Jaitley")
Budget 2019: Govt's EV push casts shadow on traditional automobile sector
The incentives for EVs came even as the government increased duties on petrol and diesel
 "Budget 2019: Govt's EV push casts shadow on traditional automobile sector")
Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman
The government will allow NBFCs to raise funds in public issues
 "Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman")
