Tax experts are, however, divided over the issue of whether family trusts should be exempted from inheritance tax
When expectations are low, the markets tend to do well post the budget
The interim Budget will be presented on February 1. Finance Minister Arun Jaitley, who is in New York for a medical check-up, will be back by the end of January and is expected to present it
Finance Bill, introduced each year to give effect to the financial proposals of the central government for the next financial year, includes a Bill for supplementary financial proposals for any period
Goyal also took a swipe at the Congress, saying unlike the previous UPA dispensation, the Modi government in its interim Budget did not reduce levies on SUVs, which are used by the rich
Rajya Sabha Chairman M Venkaiah Naidu put the bills to vote, which were approved by voice vote and returned to the Lok Sabha
As part of the ritual, 'halwa' is prepared in a big 'kadhai' (large frying pot) and served to the entire staff in the ministry
The guidelines state that the 41 identified ministries and departments have to earmark at least 4.3% funds for DAPST
The country's gold imports dipped about 3 per cent in value terms to $32.8 billion during 2018-19, which is expected to keep a lid on the current account deficit
Jaitley sought a 5 minute break; said he felt slightly unwell
He had been among the backbenchers for some time, was asked to sit in the front row of the Opposition benches
Once approved, it will set in motion the process of the biggest overhaul in the budgeting process
Cabinet will also consider the proposal for doing away Plan and non-Plan expenditure
Centre took the line that it should not be presented in the middle of Assembly poll in 5 states
Earlier, opposition asked to reschedule Budget after last polling day of UP elections i.e. March 8
Normally, the House is adjourned on the death of a sitting MP
Modi was seen repeatedly thumping the desk as Jaitley read out various provisions of the Budget
Hints at postponement chances following MP E Ahamed's death; but says speaker will decide
The fiscal deficit target of 3.4 per cent of gross domestic product (GDP) for 2019-20 is likely to be retained as well
Sources said the first volume will also likely include a chapter focusing on the regulatory framework for credit rating agencies