Reacting to Interim Budget 2019, CM Naveen Patnaik also expressed his disappointment with the National Social Security Scheme
Rs 6,000 per family per year amounts to an income support of Rs 500 per family a month. This is less than old age pension prevailing in at least more than half the states
Rs 58,166 cr is the allocation for the Northeastern states, up 21 per cent over 2019-20. Rs 19,000 cr is the allocation for the Pradhan Mantri Gram Sadak Yojana
One must applaud the finance minister for containing and maintaining the fiscal deficit at 3.4% of the GDP for FY20
Concern for the infrastructure sector has been fiscal headroom available to continue financing projects under implementation
It is heartening to note that greater allocation has been made for a number of socially and economically relevant areas
Jaitley noted that interim budgets are presented in an election year to seek a vote on account for a limited period till the post-election government can decide the further direction of the economy
The announcements, for instance, on personal taxation, especially for the middle and lower middle-class, are good
Industry body lauds move to improve connectivity and infra in north east, a major rubber growing region; hopes issue of inverted duty will be addressed
PM Modi termed the Budget pro-poor, farmers and middle class, Congress said it was a bribe for votes. Catch Budget 2019 LIVE updates
Single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well
CEOs of FMCG, retail and auto companies say demand will improve as discretionary income will go up
For 2018-19, fiscal slippage was widely expected despite govt assurance to meet target without cutting on capex; Centre faced shortfall in GST mop up, higher burden from subsidy and flagship schemes
Although the expenditure on centrally sponsored schemes is marginally higher than last year by 7.5 per cent, the interim Budget introduced several new programmes and enhanced allocations for many
Finance Minister Piyush Goyal's interim budget speech largely ignored the elephant in the room: the government's poor record in creating jobs.
As part of its budget recommendations, Nasscom had urged the government to scrap the angel tax imposed on startups and instead focus on ways to incentivise them
Several industry leaders said that issues relating to farmers, unorganised sector workers and middle class were addressed without 'risking bankruptcy of the economy'
The benefits such as relieving second houses from income tax on notional rent and exempting second homes investment from capital gains would revive the sluggish demand for housing
Telecom or communication services contribute revenue to the government in the form of license fees and spectrum charges.
This comes at a time the Human Resource Development Ministry has said it will implement 10% reservation for economically weaker sections of the general category from the 2019 academic session