Page 6 - Latest Updates on Union Budget 2019
FM surprises with cutback in fisc target; nominal GDP expected to grow 12%
Nominal GDP expected to grow 12% YoY
 "FM surprises with cutback in fisc target; nominal GDP expected to grow 12%")
Sitharaman reduces FY20 GST collection estimate by 13% to Rs 6.63 trillion
Sitharaman slashes FY20 forecasts by 13% from Goyal's February Budget Estimates
 "Sitharaman reduces FY20 GST collection estimate by 13% to Rs 6.63 trillion")
Budget 2019: A comparison with tax rates in advanced economies unjustified
The NPS exemption has been increased to 60% as promised earlier
 "Budget 2019: A comparison with tax rates in advanced economies unjustified")
Budget 2019: Sitharaman extends capital gains benefits for entrepreneurs
The government had introduced Section 54GB in FY13
 "Budget 2019: Sitharaman extends capital gains benefits for entrepreneurs")
Budget 2019: A confidence boost for NBFCs, says L&T Finance MD & CEO
The policy thrust on providing parity between scheduled banks and NBFCs in their tax treatment is a welcome move
 "Budget 2019: A confidence boost for NBFCs, says L&T Finance MD & CEO")
Budget at a glance: Here're the key numbers from Union Budget 2019
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2019
 "Budget at a glance: Here're the key numbers from Union Budget 2019")
Sitharaman picks fiscal discipline over calls for stimulus to economy
Sitharaman will be relying on an ambitious revenue target to narrow the deficit as the government reins in spending: she plans to increase taxes on the wealthy, raise duties on gold and gasoline
 "Sitharaman picks fiscal discipline over calls for stimulus to economy")
Budget 2019 analysis: Here's what 5 key sectors expected and what they got
EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions
 "Budget 2019 analysis: Here's what 5 key sectors expected and what they got")
Winners and losers: Who received how much in Nirmala Sitharaman's Budget
In her maiden budget speech Finance Minister Nirmala Sitharaman announced plans to sell India's first global sovereign bonds and ease rules for overseas investors to help revive economic growth
 "Winners and losers: Who received how much in Nirmala Sitharaman's Budget")
Govt raises income tax on super-rich to support state lenders, small biz
The new rate will include 25% surcharge on income between Rs 2 crore and Rs 5 crore, and 37% on income exceeding Rs 5 crore in a year
 "Govt raises income tax on super-rich to support state lenders, small biz")
Govt may enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources
Even the Economic Survey which was presented on Thursday highligthed the importance of the segment
 "Govt may enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources")
Budget 2019: Infra, de-clogging NBFCs, incentivising small biz takeaways
The focus in infrastructure is a positive step and that's what the markets, too, were expecting. However, infrastructure financing is a long duration game
 "Budget 2019: Infra, de-clogging NBFCs, incentivising small biz takeaways")
Budget 2019: Why India is launching its first ever sovereign bond
While sovereign bonds may help India get loans overseas at lower interest rates they are susceptible to exchange rate fluctuations
 "Budget 2019: Why India is launching its first ever sovereign bond")
Budget 2019 lacks big-bang surprise; bank recap is a lost opportunity
The budget will not drastically change the weightage of foreign investors as regards to India. They will continue on the same path set earlier, he said.
Budget 2019: Soon, a new TV show on start-up issues on Doordarshan
It may be introduced on one of the existing channels on the DD network or a completely new channel may be launched for the purpose
 "Budget 2019: Soon, a new TV show on start-up issues on Doordarshan")
Sitharaman delivers 2 hrs 17 min-long Budget speech, Speaker praises her
As the finance minister walked into Lok Sabha just before 10:55 am and took her seat, several women MPs walked up to her, wishing her good luck before the speech
Budget 2019: Key takeaways of Nirmala Sitharaman's maiden budget speech
We are well within our capacity to reach $5-trillion in the next few years, said Finance Minister Nirmala Sitharaman
 "Budget 2019: Key takeaways of Nirmala Sitharaman's maiden budget speech")
Budget 2019: Fiscally responsible with a reforms thrust, but protectionist
The finance minister's revenue efforts represent a mix of progressive taxation, dipping into the petroleum sector for collecting more taxes and growing protectionism
 "Budget 2019: Fiscally responsible with a reforms thrust, but protectionist")
Budget 2019 suggests greater role for insurance, aviation to revive growth
Finance Minister Nirmala Sitharaman unveiled the proposals while presenting the budget for the fiscal year ending March 31, 2020 to parliament
Budget makes petrol, diesel costlier, raises tax on super-rich, gold import
Corporate tax on companies with turnover of up to Rs 400 crore has been slashed to 25 per cent from current 30 per cent
 "Budget makes petrol, diesel costlier, raises tax on super-rich, gold import")
