Page 257 - Latest Updates on Nirmala Sitharaman
Modi govt needs more than tax breaks to make India an investment hub
India is missing out on global value chains because of its inadequate transport infrastructure, land and labor regulations and tax structure
 "Modi govt needs more than tax breaks to make India an investment hub")
Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL
Finance Minister Nirmala Sitharaman last week set a record Rs 1.05 trillion ($15 billion) asset sales target in the year started April 1
 "Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL")
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")
Nirmala Sitharaman allots 4.91% of budget to women-specific schemes
Figures hoisted by housing, gas connection schemes
 "Nirmala Sitharaman allots 4.91% of budget to women-specific schemes")
Letter to BS: Budget was nowhere near laying out a long-range vision
There was no over-arching theme for Modi 2.0 nor was there a delineation of persisting core concerns of the economy
 "Letter to BS: Budget was nowhere near laying out a long-range vision")
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")
Nirmala Sitharaman to address post-budget RBI board meet on Monday
The Finance Minister would apprise the board of various other announcements made in the Budget to spur growth
 "Nirmala Sitharaman to address post-budget RBI board meet on Monday")
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
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")
A political Budget
It is a smartly crafted document that, amidst the din of a pro-Bharat policy package, further opens up the Indian economy to foreign capital
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")
Budget 2019 impact: Bearish trend likely to continue in stock market
In terms of major sectors, banking, financial services and FMCG were marginally positive after the Budget announcement, while the other major sectors saw losses
 "Budget 2019 impact: Bearish trend likely to continue in stock market")