Page 228 - Budget 2026 News

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

Tax proposals to yield additional Rs 30,000 cr in FY20: Revenue Secretary

He said the exchequer will mobilise the additional resources by way of increase in duty and cess on petrol and diesel, customs duty on gold and precious metals, besides higher surcharge on super-rich

Union Budget 2019: Inclusivity in development, says Keshav Murugesh

Job creation and re-skilling created a lot of stir last year

Budget to ease compliance burden on startups, help attract funding: Nasscom

In her Budget speech, Sitharaman had stated that startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny

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

Will generate PAN at back-end if not linked to Aadhaar: Revenue Secretary

We have used the facility of interchangeable use of Aadhaar and PAN for the convenience of people, said Revenue Secretary Ajay Bhushan Pandey

Budget 2019 strikes a balanced tone: HDFC Life Insurance's Vibha Padalkar

Also, any measure that promotes digital payments and use of technology (for example, pre-filled tax return) will aid our business

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

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: 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

PLF for new power plants could rise as old units head for closure

As of May 2019, India's total thermal power capacity stood at 226.3 Gw

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

Govt plans relief for debt-laden BSNL, MTNL through revival package

While overall budgetary allocation for telecom PSUs has gone down by 15%, the one in BSNL and MTNL has gone up for the current fiscal (2019-20)

Water grid programme set to connect India with Bangladesh seamlessly

In October 2018, India and Bangladesh signed a pact for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements

Budget 2019: Is the rationalised GST target still too ambitious?

CGST would have to average Rs 47,358 cr a month for rest of FY19 compared to Rs 33,257 cr so far

Budget 2019: Petrol, diesel get dearer by Rs 2 a litre on excise duty hike

In Delhi, petrol is being sold Rs 2.45 higher at Rs 72.96 per litre and diesel at Rs 66.69 per litre after a Rs 2.36 hike

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 steps on NBFCs to boost consumption, says FM Nirmala Sitharaman

The government will allow NBFCs to raise funds in public issues

NBFC crisis has bottomed out; govt, RBI will monitor situation: Sitharaman

Sitharaman in her Budget on Friday announced a series of steps to give relief to non-banking financial companies facing cash crunch following the collapse of IL&FS last year