Jaitley said that for the past 5 years, the government has been giving relief in direct taxes and whatever has been done in Interim Budget 2019-20 is a continuation of what started in 2014
For the Western Railway, the budget has proposed allocation of Rs 6,128 crore to execute various existing projects.
This Budget will boost the efforts of 1.3 billion citizens in realising the goal of a "New India," Modi said
The government must focus on four key areas in order to fulfill the initiatives announced
The notion of the fiscal deficit falling steadily and making way for a rise in private investment and faster growth is beginning to look doubtful
NHAI must gear up for higher fundraising through borrowings and monetisation of road assets as the government has reduced its budgetary support by Rs 631.63 crore
This year significant measures have been announced for the farm sector, unorganised sector and the middle class
Prashant Ruia, director, Essar group, hoped the budget will have a positive impact on investors since growth in consumption will result in growth across various sectors
In an effort to push the Prime Minister's 'Housing for All' initiative, the government has announced a set of tax reforms for the real estate sector in the interim Budget
Jaitley was also asked if the budgeted projections for 2019-20 were rather optimistic
However, Moody's welcomed policies aimed at promoting expenditure efficiency through rationalisation of government schemes and better-targeted delivery as 'credit positive'
Subvention for fisheries comes at a time when Indian shrimp exporters are facing stiff competition from Ecuador, Indonesia and Vietnam and volume growth is expected to slow down this year
Boost to rural income welcomed due to rub-off effcet on gold demand, but jewellers upset at no mention of duty cuts on raw material
The fiscal deficit for the current fiscal was pegged at 3.4% gross domestic product, slightly higher than 3.3% projected earlier
The boost for the farm and the social sectors in interim Budget comes with certain riders. Experts at PwC India decode the impact of the measures proposed for these sectors
Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
The Narendra Modi government's continued focus on infrastructure development, including in the energy sector and the blue economy are big positives
India's growth in fiscal 2020 will be driven largely by exogenous or luck factors and, to some extent, by budgetary initiatives
What was surprising was the income-tax rebate for the salaried class. It is a very big jump from the current Rs 2.5 lakh
Besides the increase in rebate from Rs 2,500 to Rs 12,500, a rise in standard deduction will also provide marginal benefit