India has to compare its tax rates not with the more developed economies but with the ones that are closer home
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
Industry captains, experts at CII, FICCI praise some measures; say government could have done much more
On the infrastructure front, the government has set an ambitious plan of annual infra spend of Rs 20 lakh crore per annum versus the present run rate of Rs 7-8 lakh crore per annum
A sum of Rs 38,317.01 crore has been set aside for higher education
Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore
Excise duty has been hiked on various tobacco items including chewing tobacco, jarda scented tobacco, and tobacco extracts and essence
Says cutback in funds will adversely affect inter-state connectivity, hails enhanced allocation for rail projects
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
If allocation for pension is included, then the total outlay for defence stands at Rs 4.31 trillion which accounts for 15.47 per cent of the total central government expenditure for the year 2019-20
Sitharaman also said that Rs 10,000 crore has already been approved on April 1, 2019, to encourage faster adoption of EVs under the FAME II scheme
Tax slabs left untouched; Aadhaar good enough for filing returns in case you don't have PAN
In Union Budget, the finance minister has asked SEBI to consider to reduce maximum promoter shareholding from the current level of 75% to 65%.
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
Cigarettes with tobacco substitutes will now attract an excise duty of Rs 5 per thousand from "nil" earlier
In broad terms, the market sees the hike in customs tariffs for a wide range of items as negative, since it all affect cost inputs across a swathe of industries
The Union Budget should have at least made provisions for expediting the aspirational district programme, Baghel added
Union Budget 2019 says GST on EV will be reduced from 12% to 5% and the government will give customers tax break.
Domestic IT services firm may prefer dividend payout over buyback to reward investors
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