Page 7 - Latest Updates on Union Budget 2019
Budget 2019: Govt to sell first global bond to fund infra and spur growth
The fiscal deficit goal for the year that began on April 1 was lowered to 3.3% of gross domestic product from 3.4% set in February's interim plan, Finance Minister Nirmala Sitharaman said.
 "Budget 2019: Govt to sell first global bond to fund infra and spur growth")
Budget 2019: Sitharaman's sops to push affordable housing, housing sales
Experts added that the interest exemption upto Rs 3.5 lakh for affordable housing would help boost residential sales
 "Budget 2019: Sitharaman's sops to push affordable housing, housing sales")
Full text of Finance Minister Nirmala Sitharaman's Union Budget 2019 speech
Tabling the Modi 2.0 government's maiden budget in Parliament, Finance Minister Nirmala Sitharaman proposed measures to boost education, infra, transport sector
 "Full text of Finance Minister Nirmala Sitharaman's Union Budget 2019 speech")
Budget 2019: PAN, Aadhaar interchangeable for filing of IT returns, says FM
Sitharaman said Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days
 "Budget 2019: PAN, Aadhaar interchangeable for filing of IT returns, says FM")
Budget 2019: FM eases sourcing local norms, opens doors to Apple Stores
Aiming to attract big players, single-brand retail firms may be permitted to open online stores before setting up brick-and-mortar shops if they bring in over $200 mn FDI
 "Budget 2019: FM eases sourcing local norms, opens doors to Apple Stores")
Budget 2019: Pension benefit extended to 30 mn retail traders, shopkeepers
FM says economy, which stood at $1.85 trillion five years back, has reached $2.7 trillion now, and is within capacity to reach $5 trillion in the next few years
 "Budget 2019: Pension benefit extended to 30 mn retail traders, shopkeepers")
Budget 2019: Govt to infuse Rs 70,000 cr into PSBs to ramp lending capacity
Banks have recovered Rs 4 lakh crore due to the Insolvency and Bankruptcy Code and other means effected in the past four years, the FM said
 "Budget 2019: Govt to infuse Rs 70,000 cr into PSBs to ramp lending capacity")
Railways seeks private players, plans Rs 50 trillion investments: Budget
Finance Minister Nirmala Sitharaman's Budget proposes pan-India transportation card for bus, rail and waterways.
 "Railways seeks private players, plans Rs 50 trillion investments: Budget")
Budget 2019 proposes to scrap 180-day wait for NRIs to get Aadhaar
Under the present rule, NRIs with Indian passport are required to wait for 180 days to get the Aadhaar card.
 "Budget 2019 proposes to scrap 180-day wait for NRIs to get Aadhaar")
Safe drinking water for every citizen priority of govt, says FM Sitharaman
Sitharaman also said that 10,000 new farmer producer organisations will be be set up
 "Safe drinking water for every citizen priority of govt, says FM Sitharaman")
Budget 2019: FM Sitharaman proposes exclusive TV channel for startups
She proposed to start a television programme exclusively for startups that will be executed by startups themselves
 "Budget 2019: FM Sitharaman proposes exclusive TV channel for startups")
Budget 2019: Rs 350 cr allocated for interest subvention for MSMEs
FM also says country needs to make structural reforms to achieve $5 trillion economy in the next few years
 "Budget 2019: Rs 350 cr allocated for interest subvention for MSMEs")
BharatNet to be expedited with universal service obligation fund, says FM
The government aims to connect all 2.5 lakh village panchayats with high speed broadband by March 2020
 "BharatNet to be expedited with universal service obligation fund, says FM")
Budget 2019: FM proposes to increase minimum public shareholding to 35%
Presenting her maiden Union Budget, Sitharaman said the government has already written to Sebi regarding the matter
 "Budget 2019: FM proposes to increase minimum public shareholding to 35%")
Modi 2.0 seeks to reverse weakening growth, investment with Budget 2019
Modi has set a target of growing India into a $5 trillion economy by 2024-2025 from $2.7 trillion
 "Modi 2.0 seeks to reverse weakening growth, investment with Budget 2019")
Budget 2019 promises new pension scheme, highway revamp & more
She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20
 "Budget 2019 promises new pension scheme, highway revamp & more")
Budget 2019 calls for public-private partnership to develop rail infra
The finance minister said as the world's third largest aviation market, time is ripe to enter aircraft financing and leasing from Indian shores
Budget 2019 proposes to relax FDI norms in media, aviation, insurance
Finance Minister Nirmala Sitharaman in her Budget speech said that India's FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion
 "Budget 2019 proposes to relax FDI norms in media, aviation, insurance")
National gas grid, power reforms will be unveiled soon: FM in Budget speech
The finance minister also said the government will create a payment platform for MSMEs for payment of bills
 "National gas grid, power reforms will be unveiled soon: FM in Budget speech")
India needs structural reforms to get $5 trn economy: FM in Budget 2019
FM Nirmala Sitharaman said in the current year, India's economy will grow to become $3 trillion economy, sixth largest in world
 "India needs structural reforms to get $5 trn economy: FM in Budget 2019")
